Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 3.48 % in the past year, substantial increase in net sales/revenue by 26.59 %.
- 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 1.97 %. Marginal increase in other income during this quarter, up by 99.22%.
- Profit over the Year and quarter: Significant improvement in profitability for Patel Engineering Ltd. Notable increase of 65.49 % in net profit Year to Year, Patel Engineering Ltd’s profitability increased by 103.9 % in this quarter.
- EPS over the Year and quarter: EPS increased by 3.85 % Year to Year. EPS increased by 82.02 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1298.034 Cr | Rs. 1061.005 Cr | Rs. 1343.179 Cr | + 26.59 % | + 3.48 % |
| Expenses | Rs. 1117.47 Cr | Rs. 918.91 Cr | Rs. 1105.6 Cr | + 20.32 % | -1.06 % |
| Operating Profit | Rs. 180.56 Cr | Rs. 142.1 Cr | Rs. 237.58 Cr | + 67.19 % | + 31.58 % |
| OPM % | 13.91 % | 13.39 % | 17.69 % | + 4.3 % | + 3.78 % |
| Other Income | Rs. 30.01 Cr | Rs. 15.36 Cr | Rs. 30.6 Cr | + 99.22 % | + 1.97 % |
| Interest | Rs. 106.03 Cr | Rs. 88.92 Cr | Rs. 93.09 Cr | + 4.69 % | -12.2 % |
| Depreciation | Rs. 24.07 Cr | Rs. 23.12 Cr | Rs. 29.03 Cr | + 25.56 % | + 20.61 % |
| Profit before tax | Rs. 80.47 Cr | Rs. 45.42 Cr | Rs. 146.06 Cr | + 221.58 % | + 81.51 % |
| Tax % | 3.05 % | 16.44 % | 25.86 % | + 9.42 % | + 22.81 % |
| Net Profit | Rs. 84.81 Cr | Rs. 68.83 Cr | Rs. 140.35 Cr | + 103.91 % | + 65.49 % |
| EPS in Rs | Rs. 1.56 | Rs. 0.89 | Rs. 1.62 | + 82.02 % | + 3.85 % |
Today, we’re looking at Patel Engineering Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 3.48 %. However, it did see a marginal increase of 26.59 % from the previous quarter. Expenses ticked up slightly by 20.32 % quarter-on-quarter, aligning with the annual decline of -1.06 %. Operating profit, while up 31.58 % compared to last year, faced a quarter-on-quarter increase of 67.19 %, 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 3.78 %, but an expansion of 4.3 % sequentially. Other income rose by 99.22 % compared to the last quarter, despite an annual growth of 1.97 %. Interest expenses surged remarkably by 4.69 % from the previous quarter, yet the year-over-year decrease remains at a moderate -12.2 %. Depreciation costs climbed by 25.56 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 20.61 %. Profit before tax grew annually by 81.51 % but saw an increase from the preceding quarter by 221.58 %.
Tax expenses as a percentage of profits increased slightly by 22.81 % compared to last year, with a more notable quarter-on-quarter increase of 9.42 %. Net profit rose by 65.49 % year-on-year but experienced a 103.91 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 3.85 % but a quarterly rise of 82.02 %. In summary, Patel Engineering 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. 1298.034 Cr | Rs. 1061.005 Cr | Rs. 1343.179 Cr | + 26.59 % | + 3.48 % |
| Expenses | Rs. 1117.47 Cr | Rs. 918.91 Cr | Rs. 1105.6 Cr | + 20.32 % | -1.06 % |
| Operating Profit | Rs. 180.56 Cr | Rs. 142.1 Cr | Rs. 237.58 Cr | + 67.19 % | + 31.58 % |
| Net Profit | Rs. 84.81 Cr | Rs. 68.83 Cr | Rs. 140.35 Cr | + 103.91 % | + 65.49 % |
| EPS in Rs | Rs. 1.56 | Rs. 0.89 | Rs. 1.62 | + 82.02 % | + 3.85 % |
In reviewing Patel Engineering Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.48 % year-on-year growth, however, there was a minor increase of 26.59 % from the previous quarter. Expenses decreased by -1.06 % compared to the previous year, with a 20.32 % increase quarter-on-quarter. Operating Profit surged by 31.58 % annually, and saw a 67.19 % increase from the last quarter.
Net Profit showed yearly increase of 65.49 %, and experienced a 103.91 % increase from the previous quarter. Earnings Per Share (EPS) rose by 3.85 % annually, however rose by 82.02 % compared to the last quarter. In essence, while Patel Engineering Ltd 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.
