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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 26.67 % in the past year, decrease in net sales/revenue by -9.47 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -61.43 %, Marginal decrease of -41.74% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Panama Petrochem Ltd.. Notable increase of 9.32 % in net profit Year to Year, Panama Petrochem Ltd.’s profitability dropped by -17.73 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 9.22 % Year to Year. EPS decreased by -17.76 % 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. 529.53 Cr | Rs. 740.97 Cr | Rs. 670.78 Cr | -9.47 % | + 26.67 % |
| Expenses | Rs. 471.03 Cr | Rs. 662.8 Cr | Rs. 604.97 Cr | -8.73 % | + 28.44 % |
| Operating Profit | Rs. 58.5 Cr | Rs. 78.17 Cr | Rs. 65.81 Cr | -15.81 % | + 12.5 % |
| OPM % | 11.05 % | 10.55 % | 9.81 % | -0.74 % | -1.24 % |
| Other Income | Rs. 5.03 Cr | Rs. 3.33 Cr | Rs. 1.94 Cr | -41.74 % | -61.43 % |
| Interest | Rs. 4.26 Cr | Rs. 5.14 Cr | Rs. 3.58 Cr | -30.35 % | -15.96 % |
| Depreciation | Rs. 2.42 Cr | Rs. 2.62 Cr | Rs. 2.74 Cr | + 4.58 % | + 13.22 % |
| Profit before tax | Rs. 56.85 Cr | Rs. 73.74 Cr | Rs. 61.43 Cr | -16.69 % | + 8.06 % |
| Tax % | 19.27 % | 17.3 % | 18.33 % | + 1.03 % | -0.94 % |
| Net Profit | Rs. 45.89 Cr | Rs. 60.98 Cr | Rs. 50.17 Cr | -17.73 % | + 9.33 % |
| EPS in Rs | Rs. 7.59 | Rs. 10.08 | Rs. 8.29 | -17.76 % | + 9.22 % |
Today, we’re looking at Panama Petrochem 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 26.67 %. However, it did see a marginal slip of -9.47 % from the previous quarter. Expenses decreased slightly by -8.73 % quarter-on-quarter, aligning with the annual rise of 28.44 %. Operating profit, while up 12.5 % compared to last year, faced a quarter-on-quarter dip of -15.81 %, 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 -1.24 %, but a shrinkage of -0.74 % sequentially. Other income fell by -41.74 % compared to the last quarter, despite an annual decline of -61.43 %. Interest expenses dropped significantly by -30.35 % from the previous quarter, yet the year-over-year decrease remains at a moderate -15.96 %. Depreciation costs climbed by 4.58 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 13.22 %. Profit before tax grew annually by 8.06 % but saw a reduction from the preceding quarter by -16.69 %.
Tax expenses as a percentage of profits decreased slightly by -0.94 % compared to last year, with a more notable quarter-on-quarter increase of 1.03 %. Net profit rose by 9.33 % year-on-year but witnessed a -17.73 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 9.22 % but a quarterly fall of -17.76 %. In summary, Panama Petrochem 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. 529.53 Cr | Rs. 740.97 Cr | Rs. 670.78 Cr | -9.47 % | + 26.67 % |
| Expenses | Rs. 471.03 Cr | Rs. 662.8 Cr | Rs. 604.97 Cr | -8.73 % | + 28.44 % |
| Operating Profit | Rs. 58.5 Cr | Rs. 78.17 Cr | Rs. 65.81 Cr | -15.81 % | + 12.5 % |
| Net Profit | Rs. 45.89 Cr | Rs. 60.98 Cr | Rs. 50.17 Cr | -17.73 % | + 9.33 % |
| EPS in Rs | Rs. 7.59 | Rs. 10.08 | Rs. 8.29 | -17.76 % | + 9.22 % |
In reviewing Panama Petrochem Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 26.67 % year-on-year growth, although there was a slight dip of -9.47 % from the previous quarter. Expenses rose by 28.44 % compared to the previous year, with a decrease of -8.73 % quarter-on-quarter. Operating Profit surged by 12.5 % annually, and saw a -15.81 % decrease from the last quarter.
Net Profit showed yearly increase of 9.33 %, and experienced a -17.73 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 9.22 % annually, however dipped by -17.76 % compared to the last quarter. In essence, while Panama Petrochem Ltd. exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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