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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’s sales declined by -18 % over the year, decrease in net sales/revenue by -13.14 %.
- 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 79.52 %. Marginal increase in other income during this quarter, up by 25.37%.
- Profit over the Year and quarter: Significant improvement in profitability for Panasonic Energy India Co. Ltd.. Notable increase of 59.88 % in net profit Year to Year, Panasonic Energy India Co. Ltd.’s profitability increased by 287.37 % in this quarter.
- EPS over the Year and quarter: EPS increased by 60.00 % Year to Year. EPS increased by 286.01 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 76.813 Cr | Rs. 72.511 Cr | Rs. 62.985 Cr | -13.14 % | -18 % |
| Expenses | Rs. 73.15 Cr | Rs. 71.2 Cr | Rs. 57.65 Cr | -19.03 % | -21.19 % |
| Operating Profit | Rs. 3.66 Cr | Rs. 1.31 Cr | Rs. 5.34 Cr | + 307.63 % | + 45.9 % |
| OPM % | 4.76 % | 1.81 % | 8.48 % | + 6.67 % | + 3.72 % |
| Other Income | Rs. 0.669 Cr | Rs. 0.958 Cr | Rs. 1.201 Cr | + 25.37 % | + 79.52 % |
| Interest | Rs. 0.07 Cr | Rs. 0.03 Cr | Rs. 0.03 Cr | + 0 % | -57.14 % |
| Depreciation | Rs. 0.81 Cr | Rs. 1.01 Cr | Rs. 0.87 Cr | -13.86 % | + 7.41 % |
| Profit before tax | Rs. 3.45 Cr | Rs. 1.23 Cr | Rs. 5.64 Cr | + 358.54 % | + 63.48 % |
| Tax % | 25.14 % | 13.08 % | 26.53 % | + 13.45 % | + 1.39 % |
| Net Profit | Rs. 2.59 Cr | Rs. 1.07 Cr | Rs. 4.14 Cr | + 286.92 % | + 59.85 % |
| EPS in Rs | Rs. 3.45 | Rs. 1.43 | Rs. 5.52 | + 286.01 % | + 60 % |
Today, we’re looking at Panasonic Energy India Co. Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -18 %. However, it did see a marginal slip of -13.14 % from the previous quarter. Expenses decreased slightly by -19.03 % quarter-on-quarter, aligning with the annual decline of -21.19 %. Operating profit, while up 45.9 % compared to last year, faced a quarter-on-quarter increase of 307.63 %, 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 3.72 %, but an expansion of 6.67 % sequentially. Other income rose by 25.37 % compared to the last quarter, despite an annual growth of 79.52 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year decrease remains at a moderate -57.14 %. Depreciation costs fell by -13.86 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 7.41 %. Profit before tax grew annually by 63.48 % but saw an increase from the preceding quarter by 358.54 %.
Tax expenses as a percentage of profits increased slightly by 1.39 % compared to last year, with a more notable quarter-on-quarter increase of 13.45 %. Net profit rose by 59.85 % year-on-year but experienced a 286.92 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 60 % but a quarterly rise of 286.01 %. In summary, Panasonic Energy India Co. 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. 76.813 Cr | Rs. 72.511 Cr | Rs. 62.985 Cr | -13.14 % | -18 % |
| Expenses | Rs. 73.15 Cr | Rs. 71.2 Cr | Rs. 57.65 Cr | -19.03 % | -21.19 % |
| Operating Profit | Rs. 3.66 Cr | Rs. 1.31 Cr | Rs. 5.34 Cr | + 307.63 % | + 45.9 % |
| Net Profit | Rs. 2.59 Cr | Rs. 1.07 Cr | Rs. 4.14 Cr | + 286.92 % | + 59.85 % |
| EPS in Rs | Rs. 3.45 | Rs. 1.43 | Rs. 5.52 | + 286.01 % | + 60 % |
In reviewing Panasonic Energy India Co. Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -18 % year-on-year, although there was a slight dip of -13.14 % from the previous quarter. Expenses decreased by -21.19 % compared to the previous year, with a decrease of -19.03 % quarter-on-quarter. Operating Profit surged by 45.9 % annually, and saw a 307.63 % increase from the last quarter.
Net Profit showed yearly increase of 59.85 %, and experienced a 286.92 % increase from the previous quarter. Earnings Per Share (EPS) rose by 60 % annually, however rose by 286.01 % compared to the last quarter. In essence, while Panasonic Energy India Co. 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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