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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 experienced a substantial growth of 73.58 % in the past year, substantial increase in net sales/revenue by 697.62 %.
- 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 57.43 %. Marginal increase in other income during this quarter, up by 5.43%.
- Profit over the Year and quarter: Significant improvement in profitability for Parshwanath Corporation Limited. Notable increase of 150.41 % in net profit Year to Year, Parshwanath Corporation Limited’s profitability increased by 199.03 % in this quarter.
- EPS over the Year and quarter: EPS increased by 151.28 % Year to Year. EPS increased by 196.97 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.193 Cr | Rs. 0.042 Cr | Rs. 0.335 Cr | + 697.62 % | + 73.58 % |
| Expenses | Rs. 0.21 Cr | Rs. 0.21 Cr | Rs. 0.2 Cr | -4.76 % | -4.76 % |
| Operating Profit | Rs. -0.02 Cr | Rs. -0.17 Cr | Rs. 0.14 Cr | + 182.35 % | + 800 % |
| OPM % | -10.36 % | -404.76 % | 41.79 % | + 446.55 % | + 52.15 % |
| Other Income | Rs. 0.148 Cr | Rs. 0.221 Cr | Rs. 0.233 Cr | + 5.43 % | + 57.43 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. 0.13 Cr | Rs. 0.05 Cr | Rs. 0.37 Cr | + 640 % | + 184.62 % |
| Tax % | 10.29 % | 77.59 % | 15.62 % | -61.97 % | + 5.33 % |
| Net Profit | Rs. 0.12 Cr | Rs. 0.1 Cr | Rs. 0.31 Cr | + 210 % | + 158.33 % |
| EPS in Rs | Rs. 0.39 | Rs. 0.33 | Rs. 0.98 | + 196.97 % | + 151.28 % |
Today, we’re looking at Parshwanath Corporation Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 73.58 %. However, it did see a marginal increase of 697.62 % from the previous quarter. Expenses decreased slightly by -4.76 % quarter-on-quarter, aligning with the annual decline of -4.76 %. Operating profit, while up 800 % compared to last year, faced a quarter-on-quarter increase of 182.35 %, 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 52.15 %, but an expansion of 446.55 % sequentially. Other income rose by 5.43 % compared to the last quarter, despite an annual growth of 57.43 %. Profit before tax grew annually by 184.62 % but saw an increase from the preceding quarter by 640 %.
Tax expenses as a percentage of profits increased slightly by 5.33 % compared to last year, with a more notable quarter-on-quarter decrease of -61.97 %. Net profit rose by 158.33 % year-on-year but experienced a 210 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 151.28 % but a quarterly rise of 196.97 %. In summary, Parshwanath Corporation 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. 0.193 Cr | Rs. 0.042 Cr | Rs. 0.335 Cr | + 697.62 % | + 73.58 % |
| Expenses | Rs. 0.21 Cr | Rs. 0.21 Cr | Rs. 0.2 Cr | -4.76 % | -4.76 % |
| Operating Profit | Rs. -0.02 Cr | Rs. -0.17 Cr | Rs. 0.14 Cr | + 182.35 % | + 800 % |
| Net Profit | Rs. 0.12 Cr | Rs. 0.1 Cr | Rs. 0.31 Cr | + 210 % | + 158.33 % |
| EPS in Rs | Rs. 0.39 | Rs. 0.33 | Rs. 0.98 | + 196.97 % | + 151.28 % |
In reviewing Parshwanath Corporation Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 73.58 % year-on-year growth, however, there was a minor increase of 697.62 % from the previous quarter. Expenses decreased by -4.76 % compared to the previous year, with a decrease of -4.76 % quarter-on-quarter. Operating Profit surged by 800 % annually, and saw a 182.35 % increase from the last quarter.
Net Profit showed yearly increase of 158.33 %, and experienced a 210 % increase from the previous quarter. Earnings Per Share (EPS) rose by 151.28 % annually, however rose by 196.97 % compared to the last quarter. In essence, while Parshwanath Corporation 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.
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