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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 73.32 % in the past year, decrease in net sales/revenue by -29.16 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -50 %, Marginal decrease of -25% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Palm Jewels Limited. Profit dropped by -3.01 % Year to Year, Palm Jewels Limited’s profitability increased by 14.16 % in this quarter.
- EPS over the Year and quarter: EPS increased by 0.00 % Year to Year. EPS increased by 18.18 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 23.21 Cr | Rs. 56.788 Cr | Rs. 40.227 Cr | -29.16 % | + 73.32 % |
| Expenses | Rs. 23.06 Cr | Rs. 56.62 Cr | Rs. 39.96 Cr | -29.42 % | + 73.29 % |
| Operating Profit | Rs. 0.15 Cr | Rs. 0.17 Cr | Rs. 0.27 Cr | + 58.82 % | + 80 % |
| OPM % | 0.65 % | 0.3 % | 0.67 % | + 0.37 % | + 0.02 % |
| Other Income | Rs. 0.06 Cr | Rs. 0.04 Cr | Rs. 0.03 Cr | -25 % | -50 % |
| Interest | Rs. 0.02 Cr | Rs. 0.04 Cr | Rs. 0.04 Cr | + 0 % | + 100 % |
| Depreciation | Rs. 0.04 Cr | Rs. 0.02 Cr | Rs. 0.09 Cr | + 350 % | + 125 % |
| Profit before tax | Rs. 0.15 Cr | Rs. 0.15 Cr | Rs. 0.17 Cr | + 13.33 % | + 13.33 % |
| Tax % | 13.07 % | 26.14 % | 18.87 % | -7.27 % | + 5.8 % |
| Net Profit | Rs. 0.13 Cr | Rs. 0.11 Cr | Rs. 0.13 Cr | + 18.18 % | + 0 % |
| EPS in Rs | Rs. 0.13 | Rs. 0.11 | Rs. 0.13 | + 18.18 % | + 0 % |
Today, we’re looking at Palm Jewels Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 73.32 %. However, it did see a marginal slip of -29.16 % from the previous quarter. Expenses decreased slightly by -29.42 % quarter-on-quarter, aligning with the annual rise of 73.29 %. Operating profit, while up 80 % compared to last year, faced a quarter-on-quarter increase of 58.82 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.02 %, but an expansion of 0.37 % sequentially. Other income fell by -25 % compared to the last quarter, despite an annual decline of -50 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 100 %. Depreciation costs climbed by 350 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 125 %. Profit before tax grew annually by 13.33 % but saw an increase from the preceding quarter by 13.33 %.
Tax expenses as a percentage of profits increased slightly by 5.8 % compared to last year, with a more notable quarter-on-quarter decrease of -7.27 %. Net profit rose by 0 % year-on-year but experienced a 18.18 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 0 % but a quarterly rise of 18.18 %. In summary, Palm Jewels Limited’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. 23.21 Cr | Rs. 56.788 Cr | Rs. 40.227 Cr | -29.16 % | + 73.32 % |
| Expenses | Rs. 23.06 Cr | Rs. 56.62 Cr | Rs. 39.96 Cr | -29.42 % | + 73.29 % |
| Operating Profit | Rs. 0.15 Cr | Rs. 0.17 Cr | Rs. 0.27 Cr | + 58.82 % | + 80 % |
| Net Profit | Rs. 0.13 Cr | Rs. 0.11 Cr | Rs. 0.13 Cr | + 18.18 % | + 0 % |
| EPS in Rs | Rs. 0.13 | Rs. 0.11 | Rs. 0.13 | + 18.18 % | + 0 % |
In reviewing Palm Jewels Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 73.32 % year-on-year growth, although there was a slight dip of -29.16 % from the previous quarter. Expenses rose by 73.29 % compared to the previous year, with a decrease of -29.42 % quarter-on-quarter. Operating Profit surged by 80 % annually, and saw a 58.82 % increase from the last quarter.
Net Profit showed yearly increase of 0 %, and experienced a 18.18 % increase from the previous quarter. Earnings Per Share (EPS) rose by 0 % annually, however rose by 18.18 % compared to the last quarter. In essence, while Palm Jewels Limited 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.
