Highlights
- Sales over the Year and quarter: The company’s sales declined by -1.35 % over the year, decrease in net sales/revenue by -1.34 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -16.14 %, Marginal increase in other income during this quarter, up by 30.6%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Parag Milk Foods Limited. Profit dropped by -56.1 % Year to Year, Parag Milk Foods Limited’s profitability dropped by -71.28 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -56.02 % Year to Year. EPS decreased by -71.13 % 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. 800.956 Cr | Rs. 800.841 Cr | Rs. 790.115 Cr | -1.34 % | -1.35 % |
| Expenses | Rs. 763.64 Cr | Rs. 738.04 Cr | Rs. 753.62 Cr | + 2.11 % | -1.31 % |
| Operating Profit | Rs. 37.32 Cr | Rs. 62.8 Cr | Rs. 36.5 Cr | -41.88 % | -2.2 % |
| OPM % | 4.66 % | 7.84 % | 4.62 % | -3.22 % | -0.04 % |
| Other Income | Rs. 9.11 Cr | Rs. 5.85 Cr | Rs. 7.64 Cr | + 30.6 % | -16.14 % |
| Interest | Rs. 12.19 Cr | Rs. 20.46 Cr | Rs. 16.03 Cr | -21.65 % | + 31.5 % |
| Depreciation | Rs. 17.74 Cr | Rs. 15.43 Cr | Rs. 14.58 Cr | -5.51 % | -17.81 % |
| Profit before tax | Rs. 16.5 Cr | Rs. 32.76 Cr | Rs. 13.53 Cr | -58.7 % | -18 % |
| Tax % | 35.55 % | 4.28 % | 27.47 % | + 23.19 % | -8.08 % |
| Net Profit | Rs. 22.35 Cr | Rs. 34.17 Cr | Rs. 9.81 Cr | -71.29 % | -56.11 % |
| EPS in Rs | Rs. 1.91 | Rs. 2.91 | Rs. 0.84 | -71.13 % | -56.02 % |
Today, we’re looking at Parag Milk Foods Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -1.35 %. However, it did see a marginal slip of -1.34 % from the previous quarter. Expenses ticked up slightly by 2.11 % quarter-on-quarter, aligning with the annual decline of -1.31 %. Operating profit, while down -2.2 % compared to last year, faced a quarter-on-quarter dip of -41.88 %, 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 -0.04 %, but a shrinkage of -3.22 % sequentially. Other income rose by 30.6 % compared to the last quarter, despite an annual decline of -16.14 %. Interest expenses dropped significantly by -21.65 % from the previous quarter, yet the year-over-year increase remains at a moderate 31.5 %. Depreciation costs fell by -5.51 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -17.81 %. Profit before tax declined annually by -18 % but saw a reduction from the preceding quarter by -58.7 %.
Tax expenses as a percentage of profits decreased slightly by -8.08 % compared to last year, with a more notable quarter-on-quarter increase of 23.19 %. Net profit fell by -56.11 % year-on-year but witnessed a -71.29 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -56.02 % but a quarterly fall of -71.13 %. In summary, Parag Milk Foods 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. 800.956 Cr | Rs. 800.841 Cr | Rs. 790.115 Cr | -1.34 % | -1.35 % |
| Expenses | Rs. 763.64 Cr | Rs. 738.04 Cr | Rs. 753.62 Cr | + 2.11 % | -1.31 % |
| Operating Profit | Rs. 37.32 Cr | Rs. 62.8 Cr | Rs. 36.5 Cr | -41.88 % | -2.2 % |
| Net Profit | Rs. 22.35 Cr | Rs. 34.17 Cr | Rs. 9.81 Cr | -71.29 % | -56.11 % |
| EPS in Rs | Rs. 1.91 | Rs. 2.91 | Rs. 0.84 | -71.13 % | -56.02 % |
In reviewing Parag Milk Foods Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.35 % year-on-year, although there was a slight dip of -1.34 % from the previous quarter. Expenses decreased by -1.31 % compared to the previous year, with a 2.11 % increase quarter-on-quarter. Operating Profit dropped by -2.2 % annually, and saw a -41.88 % decrease from the last quarter.
Net Profit showed yearly decrease of -56.11 %, and experienced a -71.29 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -56.02 % annually, however dipped by -71.13 % compared to the last quarter. In essence, while Parag Milk Foods Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
