Parle Industries Q1 Results Live: Profit Rise by 300 % YOY

The comprehensive analytics outlining the performance and outlook of PARLE INDUSTRIES LIMITED‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at PARLE INDUSTRIES LIMITED’s financial performance for the Q1(Jun 2024).Expenses ticked up slightly by 120 % quarter-on-quarter, aligning with the annual rise of 57.14 %. Operating profit, while up 442.86 % compared to last year, faced a quarter-on-quarter increase of 580 %, 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 68.57 %, but an expansion of 68.57 % sequentially. Other income fell by -98.18 % compared to the last quarter, Depreciation costs fell by -75 % quarter-on-quarter, Profit before tax grew annually by 428.57 % but saw an increase from the preceding quarter by 283.33 %.
Tax expenses as a percentage of profits increased slightly by 40.95 % compared to last year, with a more notable quarter-on-quarter increase of 27.49 %. Net profit rose by 300 % year-on-year but experienced a 180 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 300 % but a quarterly rise of 233.33 %. In summary, PARLE INDUSTRIES LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing PARLE INDUSTRIES LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 57.14 % compared to the previous year, with a 120 % increase quarter-on-quarter. Operating Profit surged by 442.86 % annually, and saw a 580 % increase from the last quarter.
Net Profit showed yearly increase of 300 %, and experienced a 180 % increase from the previous quarter. Earnings Per Share (EPS) rose by 300 % annually, however rose by 233.33 % compared to the last quarter. In essence, while PARLE INDUSTRIES LIMITED 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.