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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Income over the Year and quarter: There has been decline in other income over the past year which is -0.58 %, Marginal increase in other income during this quarter, up by 0%.
- Profit over the Year and quarter: Significant improvement in profitability for Pasari Spinning Mills Ltd.. Notable increase of 14.29 % in net profit Year to Year, Pasari Spinning Mills Ltd.’s profitability dropped by -2.61 % 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. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.05 Cr | Rs. 0.04 Cr | Rs. 0.04 Cr | + 0 % | -20 % |
| Operating Profit | Rs. -0.05 Cr | Rs. -0.04 Cr | Rs. -0.04 Cr | + 0 % | + 20 % |
| OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Other Income | Rs. 0.172 Cr | Rs. 0.171 Cr | Rs. 0.171 Cr | + 0 % | -0.58 % |
| Interest | Rs. 0.01 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.02 Cr | Rs. 0.02 Cr | Rs. 0.02 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. 0.09 Cr | Rs. 0.11 Cr | Rs. 0.11 Cr | + 0 % | + 22.22 % |
| Tax % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Net Profit | Rs. 0.1 Cr | Rs. 0.12 Cr | Rs. 0.11 Cr | -8.33 % | + 10 % |
| EPS in Rs | Rs. 0.07 | Rs. 0.08 | Rs. 0.08 | + 0 % | + 14.29 % |
Today, we’re looking at Pasari Spinning Mills Ltd.’s financial performance for the Q2(Sep 2024).Expenses ticked up slightly by 0 % quarter-on-quarter, aligning with the annual decline of -20 %. Operating profit, while up 20 % compared to last year, faced a quarter-on-quarter increase of 0 %, signaling a short-term expansion in margins.
Other income rose by 0 % compared to the last quarter, despite an annual decline of -0.58 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 22.22 % but saw an increase from the preceding quarter by 0 %.
Net profit rose by 10 % year-on-year but witnessed a -8.33 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 14.29 % but a quarterly rise of 0 %. In summary, Pasari Spinning Mills 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. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.05 Cr | Rs. 0.04 Cr | Rs. 0.04 Cr | + 0 % | -20 % |
| Operating Profit | Rs. -0.05 Cr | Rs. -0.04 Cr | Rs. -0.04 Cr | + 0 % | + 20 % |
| Net Profit | Rs. 0.1 Cr | Rs. 0.12 Cr | Rs. 0.11 Cr | -8.33 % | + 10 % |
| EPS in Rs | Rs. 0.07 | Rs. 0.08 | Rs. 0.08 | + 0 % | + 14.29 % |
In reviewing Pasari Spinning Mills Ltd.’s 2024(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses decreased by -20 % compared to the previous year, with a 0 % increase quarter-on-quarter. Operating Profit surged by 20 % annually, and saw a 0 % increase from the last quarter.
Net Profit showed yearly increase of 10 %, and experienced a -8.33 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 14.29 % annually, however rose by 0 % compared to the last quarter. In essence, while Pasari Spinning Mills Ltd. exhibits strong annual growth 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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