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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 27.21 % in the past year, decrease in net sales/revenue by -21.32 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 10 %. Marginal decrease of -96.65% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for National Plastic Industries Ltd.. Notable increase of 33.48 % in net profit Year to Year, National Plastic Industries Ltd.’s profitability dropped by -204.3 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 32.00 % Year to Year. EPS decreased by -203.13 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 19.118 Cr | Rs. 30.91 Cr | Rs. 24.32 Cr | -21.32 % | + 27.21 % |
| Expenses | Rs. 17.43 Cr | Rs. 27 Cr | Rs. 22.81 Cr | -15.52 % | + 30.87 % |
| Operating Profit | Rs. 1.69 Cr | Rs. 3.91 Cr | Rs. 1.51 Cr | -61.38 % | -10.65 % |
| OPM % | 8.84 % | 12.65 % | 6.21 % | -6.44 % | -2.63 % |
| Other Income | Rs. 0.02 Cr | Rs. 0.656 Cr | Rs. 0.022 Cr | -96.65 % | + 10 % |
| Interest | Rs. 0.6 Cr | Rs. 0.51 Cr | Rs. 0.32 Cr | -37.25 % | -46.67 % |
| Depreciation | Rs. 0.65 Cr | Rs. 0.65 Cr | Rs. 0.6 Cr | -7.69 % | -7.69 % |
| Profit before tax | Rs. 0.46 Cr | Rs. 3.41 Cr | Rs. 0.61 Cr | -82.11 % | + 32.61 % |
| Tax % | 0 % | 117.01 % | 0 % | -117.01 % | 0 % |
| Net Profit | Rs. 0.45 Cr | Rs. -0.58 Cr | Rs. 0.61 Cr | + 205.17 % | + 35.56 % |
| EPS in Rs | Rs. 0.5 | Rs. -0.64 | Rs. 0.66 | + 203.13 % | + 32 % |
Today, we’re looking at National Plastic Industries Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 27.21 %. However, it did see a marginal slip of -21.32 % from the previous quarter. Expenses decreased slightly by -15.52 % quarter-on-quarter, aligning with the annual rise of 30.87 %. Operating profit, while down -10.65 % compared to last year, faced a quarter-on-quarter dip of -61.38 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -2.63 %, but a shrinkage of -6.44 % sequentially. Other income fell by -96.65 % compared to the last quarter, despite an annual growth of 10 %. Interest expenses dropped significantly by -37.25 % from the previous quarter, yet the year-over-year decrease remains at a moderate -46.67 %. Depreciation costs fell by -7.69 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -7.69 %. Profit before tax grew annually by 32.61 % but saw a reduction from the preceding quarter by -82.11 %.
with a more notable quarter-on-quarter decrease of -117.01 %. Net profit rose by 35.56 % year-on-year but experienced a 205.17 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 32 % but a quarterly rise of 203.13 %. In summary, National Plastic Industries Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 19.118 Cr | Rs. 30.91 Cr | Rs. 24.32 Cr | -21.32 % | + 27.21 % |
| Expenses | Rs. 17.43 Cr | Rs. 27 Cr | Rs. 22.81 Cr | -15.52 % | + 30.87 % |
| Operating Profit | Rs. 1.69 Cr | Rs. 3.91 Cr | Rs. 1.51 Cr | -61.38 % | -10.65 % |
| Net Profit | Rs. 0.45 Cr | Rs. -0.58 Cr | Rs. 0.61 Cr | + 205.17 % | + 35.56 % |
| EPS in Rs | Rs. 0.5 | Rs. -0.64 | Rs. 0.66 | + 203.13 % | + 32 % |
In reviewing National Plastic Industries Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 27.21 % year-on-year growth, although there was a slight dip of -21.32 % from the previous quarter. Expenses rose by 30.87 % compared to the previous year, with a decrease of -15.52 % quarter-on-quarter. Operating Profit dropped by -10.65 % annually, and saw a -61.38 % decrease from the last quarter.
Net Profit showed yearly increase of 35.56 %, and experienced a 205.17 % increase from the previous quarter. Earnings Per Share (EPS) rose by 32 % annually, however rose by 203.13 % compared to the last quarter. In essence, while National Plastic Industries Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
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