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Highlights
- Sales over the Year and quarter: The company’s sales declined by -6.58 % over the year, substantial increase in net sales/revenue by 17.23 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -75.09 %, Marginal increase in other income during this quarter, up by 3200%.
- Profit over the Year and quarter: Challenges in sustaining profitability for National Plastic Industries Ltd.. Profit dropped by -124.55 % Year to Year, National Plastic Industries Ltd.’s profitability dropped by -159.23 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -124.71 % Year to Year. EPS decreased by -159.81 % 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. 33.088 Cr | Rs. 26.367 Cr | Rs. 30.91 Cr | + 17.23 % | -6.58 % |
| Expenses | Rs. 27.76 Cr | Rs. 24.29 Cr | Rs. 27 Cr | + 11.16 % | -2.74 % |
| Operating Profit | Rs. 5.33 Cr | Rs. 2.08 Cr | Rs. 3.91 Cr | + 87.98 % | -26.64 % |
| OPM % | 16.11 % | 7.89 % | 12.65 % | + 4.76 % | -3.46 % |
| Other Income | Rs. 2.65 Cr | Rs. 0.02 Cr | Rs. 0.66 Cr | + 3200 % | -75.09 % |
| Interest | Rs. 0.69 Cr | Rs. 0.41 Cr | Rs. 0.51 Cr | + 24.39 % | -26.09 % |
| Depreciation | Rs. 0.66 Cr | Rs. 0.7 Cr | Rs. 0.65 Cr | -7.14 % | -1.52 % |
| Profit before tax | Rs. 6.63 Cr | Rs. 0.99 Cr | Rs. 3.41 Cr | + 244.44 % | -48.57 % |
| Tax % | 44.4 % | 0 % | 117.01 % | + 117.01 % | + 72.61 % |
| Net Profit | Rs. 2.37 Cr | Rs. 0.98 Cr | Rs. -0.58 Cr | -159.18 % | -124.47 % |
| EPS in Rs | Rs. 2.59 | Rs. 1.07 | Rs. -0.64 | -159.81 % | -124.71 % |
Today, we’re looking at National Plastic Industries Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -6.58 %. However, it did see a marginal increase of 17.23 % from the previous quarter. Expenses ticked up slightly by 11.16 % quarter-on-quarter, aligning with the annual decline of -2.74 %. Operating profit, while down -26.64 % compared to last year, faced a quarter-on-quarter increase of 87.98 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -3.46 %, but an expansion of 4.76 % sequentially. Other income rose by 3200 % compared to the last quarter, despite an annual decline of -75.09 %. Interest expenses surged remarkably by 24.39 % from the previous quarter, yet the year-over-year decrease remains at a moderate -26.09 %. Depreciation costs fell by -7.14 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -1.52 %. Profit before tax declined annually by -48.57 % but saw an increase from the preceding quarter by 244.44 %.
Tax expenses as a percentage of profits increased slightly by 72.61 % compared to last year, with a more notable quarter-on-quarter increase of 117.01 %. Net profit fell by -124.47 % year-on-year but witnessed a -159.18 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -124.71 % but a quarterly fall of -159.81 %. 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. 33.088 Cr | Rs. 26.367 Cr | Rs. 30.91 Cr | + 17.23 % | -6.58 % |
| Expenses | Rs. 27.76 Cr | Rs. 24.29 Cr | Rs. 27 Cr | + 11.16 % | -2.74 % |
| Operating Profit | Rs. 5.33 Cr | Rs. 2.08 Cr | Rs. 3.91 Cr | + 87.98 % | -26.64 % |
| Net Profit | Rs. 2.37 Cr | Rs. 0.98 Cr | Rs. -0.58 Cr | -159.18 % | -124.47 % |
| EPS in Rs | Rs. 2.59 | Rs. 1.07 | Rs. -0.64 | -159.81 % | -124.71 % |
In reviewing National Plastic Industries Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -6.58 % year-on-year, however, there was a minor increase of 17.23 % from the previous quarter. Expenses decreased by -2.74 % compared to the previous year, with a 11.16 % increase quarter-on-quarter. Operating Profit dropped by -26.64 % annually, and saw a 87.98 % increase from the last quarter.
Net Profit showed yearly decrease of -124.47 %, and experienced a -159.18 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -124.71 % annually, however dipped by -159.81 % compared to the last quarter. In essence, while National Plastic Industries Ltd. faces strong annual decline 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.
