Share the post "Parvati Sweetners And Power ‘s Q1 Results: Profit Drops by 86.96% YoY"
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 24.61 % in the past year, decrease in net sales/revenue by -20.44 %.
- 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 100 %. Marginal decrease of -97.65% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Parvati Sweetners and Power Ltd.. Profit dropped by -88.11 % Year to Year, Parvati Sweetners and Power Ltd.’s profitability dropped by -96.5 % Quarter to Quarter.
- EPS over the Year and quarter:
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 23.382 Cr | Rs. 36.621 Cr | Rs. 29.137 Cr | -20.44 % | + 24.61 % |
| Expenses | Rs. 21.17 Cr | Rs. 31.84 Cr | Rs. 27.19 Cr | -14.6 % | + 28.44 % |
| Operating Profit | Rs. 2.21 Cr | Rs. 4.78 Cr | Rs. 1.95 Cr | -59.21 % | -11.76 % |
| OPM % | 9.45 % | 13.05 % | 6.69 % | -6.36 % | -2.76 % |
| Other Income | Rs. 0.001 Cr | Rs. 0.085 Cr | Rs. 0.002 Cr | -97.65 % | + 100 % |
| Interest | Rs. 0.93 Cr | Rs. 1.07 Cr | Rs. 0.86 Cr | -19.63 % | -7.53 % |
| Depreciation | Rs. 1.13 Cr | Rs. 1.22 Cr | Rs. 1.15 Cr | -5.74 % | + 1.77 % |
| Profit before tax | Rs. 0.15 Cr | Rs. 2.58 Cr | Rs. -0.06 Cr | -102.33 % | -140 % |
| Tax % | 55.48 % | 70.1 % | -140.63 % | -210.73 % | -196.11 % |
| Net Profit | Rs. 0.23 Cr | Rs. 0.77 Cr | Rs. 0.03 Cr | -96.1 % | -86.96 % |
| EPS in Rs | Rs. 0.02 | Rs. 0.05 | Rs. 0 | 0 % | 0 % |
Today, we’re looking at Parvati Sweetners and Power Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 24.61 %. However, it did see a marginal slip of -20.44 % from the previous quarter. Expenses decreased slightly by -14.6 % quarter-on-quarter, aligning with the annual rise of 28.44 %. Operating profit, while down -11.76 % compared to last year, faced a quarter-on-quarter dip of -59.21 %, 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 -2.76 %, but a shrinkage of -6.36 % sequentially. Other income fell by -97.65 % compared to the last quarter, despite an annual growth of 100 %. Interest expenses dropped significantly by -19.63 % from the previous quarter, yet the year-over-year decrease remains at a moderate -7.53 %. Depreciation costs fell by -5.74 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.77 %. Profit before tax declined annually by -140 % but saw a reduction from the preceding quarter by -102.33 %.
Tax expenses as a percentage of profits decreased slightly by -196.11 % compared to last year, with a more notable quarter-on-quarter decrease of -210.73 %. Net profit fell by -86.96 % year-on-year but witnessed a -96.1 % contraction from the last quarter. In summary, Parvati Sweetners and Power 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. 23.382 Cr | Rs. 36.621 Cr | Rs. 29.137 Cr | -20.44 % | + 24.61 % |
| Expenses | Rs. 21.17 Cr | Rs. 31.84 Cr | Rs. 27.19 Cr | -14.6 % | + 28.44 % |
| Operating Profit | Rs. 2.21 Cr | Rs. 4.78 Cr | Rs. 1.95 Cr | -59.21 % | -11.76 % |
| Net Profit | Rs. 0.23 Cr | Rs. 0.77 Cr | Rs. 0.03 Cr | -96.1 % | -86.96 % |
| EPS in Rs | Rs. 0.02 | Rs. 0.05 | Rs. 0 | 0 % | 0 % |
In reviewing Parvati Sweetners and Power Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 24.61 % year-on-year growth, although there was a slight dip of -20.44 % from the previous quarter. Expenses rose by 28.44 % compared to the previous year, with a decrease of -14.6 % quarter-on-quarter. Operating Profit dropped by -11.76 % annually, and saw a -59.21 % decrease from the last quarter.
Net Profit showed yearly decrease of -86.96 %, and experienced a -96.1 % decrease from the previous quarter. In essence, while Parvati Sweetners and Power 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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