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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 -73.3 % over the year, decrease in net sales/revenue by -60.32 %.
- 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 %. Marginal decrease of -73.33% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Parker Agro Chem Export Ltd.. Profit dropped by -672.73 % Year to Year, Parker Agro Chem Export Ltd.’s profitability increased by 86.94 % in this quarter.
- EPS over the Year and quarter: EPS declined by -673.91 % Year to Year. EPS increased by 85.92 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1.015 Cr | Rs. 0.683 Cr | Rs. 0.271 Cr | -60.32 % | -73.3 % |
| Expenses | Rs. 0.87 Cr | Rs. 0.97 Cr | Rs. 0.84 Cr | -13.4 % | -3.45 % |
| Operating Profit | Rs. 0.15 Cr | Rs. -0.29 Cr | Rs. -0.57 Cr | -96.55 % | -480 % |
| OPM % | 14.78 % | -42.46 % | -210.33 % | -167.87 % | -225.11 % |
| Other Income | Rs. 0.008 Cr | Rs. 0.03 Cr | Rs. 0.008 Cr | -73.33 % | + 0 % |
| Interest | Rs. 0.03 Cr | Rs. 0.03 Cr | Rs. 0.02 Cr | -33.33 % | -33.33 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.1 Cr | Rs. 0.05 Cr | -50 % | + 400 % |
| Profit before tax | Rs. 0.12 Cr | Rs. -0.39 Cr | Rs. -0.63 Cr | -61.54 % | -625 % |
| Tax % | 0 % | -12.44 % | -0 % | + 12.44 % | 0 % |
| Net Profit | Rs. 0.11 Cr | Rs. -0.34 Cr | Rs. -0.63 Cr | -85.29 % | -672.73 % |
| EPS in Rs | Rs. 0.23 | Rs. -0.71 | Rs. -1.32 | -85.92 % | -673.91 % |
Today, we’re looking at Parker Agro Chem Export 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 -73.3 %. However, it did see a marginal slip of -60.32 % from the previous quarter. Expenses decreased slightly by -13.4 % quarter-on-quarter, aligning with the annual decline of -3.45 %. Operating profit, while down -480 % compared to last year, faced a quarter-on-quarter dip of -96.55 %, 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 -225.11 %, but a shrinkage of -167.87 % sequentially. Other income fell by -73.33 % compared to the last quarter, despite an annual growth of 0 %. Interest expenses dropped significantly by -33.33 % from the previous quarter, yet the year-over-year decrease remains at a moderate -33.33 %. Depreciation costs fell by -50 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 400 %. Profit before tax declined annually by -625 % but saw a reduction from the preceding quarter by -61.54 %.
with a more notable quarter-on-quarter increase of 12.44 %. Net profit fell by -672.73 % year-on-year but witnessed a -85.29 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -673.91 % but a quarterly fall of -85.92 %. In summary, Parker Agro Chem Export 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. 1.015 Cr | Rs. 0.683 Cr | Rs. 0.271 Cr | -60.32 % | -73.3 % |
| Expenses | Rs. 0.87 Cr | Rs. 0.97 Cr | Rs. 0.84 Cr | -13.4 % | -3.45 % |
| Operating Profit | Rs. 0.15 Cr | Rs. -0.29 Cr | Rs. -0.57 Cr | -96.55 % | -480 % |
| Net Profit | Rs. 0.11 Cr | Rs. -0.34 Cr | Rs. -0.63 Cr | -85.29 % | -672.73 % |
| EPS in Rs | Rs. 0.23 | Rs. -0.71 | Rs. -1.32 | -85.92 % | -673.91 % |
In reviewing Parker Agro Chem Export Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -73.3 % year-on-year, although there was a slight dip of -60.32 % from the previous quarter. Expenses decreased by -3.45 % compared to the previous year, with a decrease of -13.4 % quarter-on-quarter. Operating Profit dropped by -480 % annually, and saw a -96.55 % decrease from the last quarter.
Net Profit showed yearly decrease of -672.73 %, and experienced a -85.29 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -673.91 % annually, however dipped by -85.92 % compared to the last quarter. In essence, while Parker Agro Chem Export Ltd. 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.
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