Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 22.41 % in the past year, substantial increase in net sales/revenue by 24.17 %.
- 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 644.59 %. Marginal increase in other income during this quarter, up by 615.58%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Paras Defence and Space Technologies Limited. Profit dropped by -18.92 % Year to Year, Paras Defence and Space Technologies Limited’s profitability increased by 63.82 % in this quarter.
- EPS over the Year and quarter: EPS declined by -7.25 % Year to Year. EPS increased by 49.71 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 65.1 Cr | Rs. 64.18 Cr | Rs. 79.69 Cr | + 24.17 % | + 22.41 % |
| Expenses | Rs. 47.89 Cr | Rs. 51.74 Cr | Rs. 67.44 Cr | + 30.34 % | + 40.82 % |
| Operating Profit | Rs. 17.21 Cr | Rs. 12.44 Cr | Rs. 12.25 Cr | -1.53 % | -28.82 % |
| OPM % | 26.44 % | 19.38 % | 15.37 % | -4.01 % | -11.07 % |
| Other Income | Rs. 0.74 Cr | Rs. 0.77 Cr | Rs. 5.51 Cr | + 615.58 % | + 644.59 % |
| Interest | Rs. 2.13 Cr | Rs. 1.51 Cr | Rs. 2.26 Cr | + 49.67 % | + 6.1 % |
| Depreciation | Rs. 2.95 Cr | Rs. 3.34 Cr | Rs. 3.39 Cr | + 1.5 % | + 14.92 % |
| Profit before tax | Rs. 12.87 Cr | Rs. 8.36 Cr | Rs. 12.11 Cr | + 44.86 % | -5.91 % |
| Tax % | 8 % | 29.98 % | 20.78 % | -9.2 % | + 12.78 % |
| Net Profit | Rs. 11.84 Cr | Rs. 5.86 Cr | Rs. 9.6 Cr | + 63.82 % | -18.92 % |
| EPS in Rs | Rs. 2.76 | Rs. 1.71 | Rs. 2.56 | + 49.71 % | -7.25 % |
Today, we’re looking at Paras Defence and Space Technologies 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 22.41 %. However, it did see a marginal increase of 24.17 % from the previous quarter. Expenses ticked up slightly by 30.34 % quarter-on-quarter, aligning with the annual rise of 40.82 %. Operating profit, while down -28.82 % compared to last year, faced a quarter-on-quarter dip of -1.53 %, 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 -11.07 %, but a shrinkage of -4.01 % sequentially. Other income rose by 615.58 % compared to the last quarter, despite an annual growth of 644.59 %. Interest expenses surged remarkably by 49.67 % from the previous quarter, yet the year-over-year increase remains at a moderate 6.1 %. Depreciation costs climbed by 1.5 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 14.92 %. Profit before tax declined annually by -5.91 % but saw an increase from the preceding quarter by 44.86 %.
Tax expenses as a percentage of profits increased slightly by 12.78 % compared to last year, with a more notable quarter-on-quarter decrease of -9.2 %. Net profit fell by -18.92 % year-on-year but experienced a 63.82 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -7.25 % but a quarterly rise of 49.71 %. In summary, Paras Defence and Space Technologies 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. 65.1 Cr | Rs. 64.18 Cr | Rs. 79.69 Cr | + 24.17 % | + 22.41 % |
| Expenses | Rs. 47.89 Cr | Rs. 51.74 Cr | Rs. 67.44 Cr | + 30.34 % | + 40.82 % |
| Operating Profit | Rs. 17.21 Cr | Rs. 12.44 Cr | Rs. 12.25 Cr | -1.53 % | -28.82 % |
| Net Profit | Rs. 11.84 Cr | Rs. 5.86 Cr | Rs. 9.6 Cr | + 63.82 % | -18.92 % |
| EPS in Rs | Rs. 2.76 | Rs. 1.71 | Rs. 2.56 | + 49.71 % | -7.25 % |
In reviewing Paras Defence and Space Technologies Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 22.41 % year-on-year growth, however, there was a minor increase of 24.17 % from the previous quarter. Expenses rose by 40.82 % compared to the previous year, with a 30.34 % increase quarter-on-quarter. Operating Profit dropped by -28.82 % annually, and saw a -1.53 % decrease from the last quarter.
Net Profit showed yearly decrease of -18.92 %, and experienced a 63.82 % increase from the previous quarter. Earnings Per Share (EPS) fell by -7.25 % annually, however rose by 49.71 % compared to the last quarter. In essence, while Paras Defence and Space Technologies Limited faces strong annual decline 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.
