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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 -22.16 % over the year, substantial increase in net sales/revenue by 6.01 %.
- 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 0.16 %. Marginal decrease of -36.03% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Paradeep Phosphates Limited. Profit dropped by -105.3 % Year to Year, Paradeep Phosphates Limited’s profitability dropped by -68.82 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -105.44 % Year to Year. EPS decreased by -68 % 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. 3054.33 Cr | Rs. 2242.74 Cr | Rs. 2377.43 Cr | + 6.01 % | -22.16 % |
| Expenses | Rs. 3092.89 Cr | Rs. 2094.65 Cr | Rs. 2230.36 Cr | + 6.48 % | -27.89 % |
| Operating Profit | Rs. -38.56 Cr | Rs. 148.09 Cr | Rs. 147.07 Cr | -0.69 % | + 481.41 % |
| OPM % | -1.26 % | 6.6 % | 6.19 % | -0.41 % | + 7.45 % |
| Other Income | Rs. 19.18 Cr | Rs. 30.03 Cr | Rs. 19.21 Cr | -36.03 % | + 0.16 % |
| Interest | Rs. 92.36 Cr | Rs. 95.27 Cr | Rs. 90.89 Cr | -4.6 % | -1.59 % |
| Depreciation | Rs. 47.02 Cr | Rs. 57.81 Cr | Rs. 61.23 Cr | + 5.92 % | + 30.22 % |
| Profit before tax | Rs. -158.76 Cr | Rs. 25.04 Cr | Rs. 14.16 Cr | -43.45 % | + 108.92 % |
| Tax % | -24.79 % | 18.93 % | 55.3 % | + 36.37 % | + 80.09 % |
| Net Profit | Rs. -119.41 Cr | Rs. 20.3 Cr | Rs. 6.33 Cr | -68.82 % | + 105.3 % |
| EPS in Rs | Rs. -1.47 | Rs. 0.25 | Rs. 0.08 | -68 % | + 105.44 % |
Today, we’re looking at Paradeep Phosphates Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -22.16 %. However, it did see a marginal increase of 6.01 % from the previous quarter. Expenses ticked up slightly by 6.48 % quarter-on-quarter, aligning with the annual decline of -27.89 %. Operating profit, while up 481.41 % compared to last year, faced a quarter-on-quarter dip of -0.69 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 7.45 %, but a shrinkage of -0.41 % sequentially. Other income fell by -36.03 % compared to the last quarter, despite an annual growth of 0.16 %. Interest expenses dropped significantly by -4.6 % from the previous quarter, yet the year-over-year decrease remains at a moderate -1.59 %. Depreciation costs climbed by 5.92 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 30.22 %. Profit before tax grew annually by 108.92 % but saw a reduction from the preceding quarter by -43.45 %.
Tax expenses as a percentage of profits increased slightly by 80.09 % compared to last year, with a more notable quarter-on-quarter increase of 36.37 %. Net profit rose by 105.3 % year-on-year but witnessed a -68.82 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 105.44 % but a quarterly fall of -68 %. In summary, Paradeep Phosphates 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. 3054.33 Cr | Rs. 2242.74 Cr | Rs. 2377.43 Cr | + 6.01 % | -22.16 % |
| Expenses | Rs. 3092.89 Cr | Rs. 2094.65 Cr | Rs. 2230.36 Cr | + 6.48 % | -27.89 % |
| Operating Profit | Rs. -38.56 Cr | Rs. 148.09 Cr | Rs. 147.07 Cr | -0.69 % | + 481.41 % |
| Net Profit | Rs. -119.41 Cr | Rs. 20.3 Cr | Rs. 6.33 Cr | -68.82 % | + 105.3 % |
| EPS in Rs | Rs. -1.47 | Rs. 0.25 | Rs. 0.08 | -68 % | + 105.44 % |
In reviewing Paradeep Phosphates Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -22.16 % year-on-year, however, there was a minor increase of 6.01 % from the previous quarter. Expenses decreased by -27.89 % compared to the previous year, with a 6.48 % increase quarter-on-quarter. Operating Profit surged by 481.41 % annually, and saw a -0.69 % decrease from the last quarter.
Net Profit showed yearly increase of 105.3 %, and experienced a -68.82 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 105.44 % annually, however dipped by -68 % compared to the last quarter. In essence, while Paradeep Phosphates Limited 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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