Share the post "Patspin India ‘s Q1 Report: Revenue Rises by 1.49% 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 1.49 % in the past year, substantial increase in net sales/revenue by 42.04 %.
- 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 680 %. Marginal decrease of -85.39% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Patspin India Ltd.. Profit dropped by -38.76 % Year to Year, Patspin India Ltd.’s profitability dropped by -214.49 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -38.40 % Year to Year. EPS decreased by -214.93 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 13.45 Cr | Rs. 9.61 Cr | Rs. 13.65 Cr | + 42.04 % | + 1.49 % |
| Expenses | Rs. 14.91 Cr | Rs. 10.57 Cr | Rs. 14.23 Cr | + 34.63 % | -4.56 % |
| Operating Profit | Rs. -1.46 Cr | Rs. -0.96 Cr | Rs. -0.58 Cr | + 39.58 % | + 60.27 % |
| OPM % | -10.86 % | -9.99 % | -4.25 % | + 5.74 % | + 6.61 % |
| Other Income | Rs. 0.1 Cr | Rs. 5.34 Cr | Rs. 0.78 Cr | -85.39 % | + 680 % |
| Interest | Rs. 1.74 Cr | Rs. 1.58 Cr | Rs. 1.84 Cr | + 16.46 % | + 5.75 % |
| Depreciation | Rs. 0.77 Cr | Rs. 0.73 Cr | Rs. 0.73 Cr | + 0 % | -5.19 % |
| Profit before tax | Rs. -3.87 Cr | Rs. 2.07 Cr | Rs. -2.37 Cr | -214.49 % | + 38.76 % |
| Tax % | -0 % | 0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -3.87 Cr | Rs. 2.07 Cr | Rs. -2.37 Cr | -214.49 % | + 38.76 % |
| EPS in Rs | Rs. -1.25 | Rs. 0.63 | Rs. -0.72 | -214.29 % | + 42.4 % |
Today, we’re looking at Patspin India 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 1.49 %. However, it did see a marginal increase of 42.04 % from the previous quarter. Expenses ticked up slightly by 34.63 % quarter-on-quarter, aligning with the annual decline of -4.56 %. Operating profit, while up 60.27 % compared to last year, faced a quarter-on-quarter increase of 39.58 %, 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 6.61 %, but an expansion of 5.74 % sequentially. Other income fell by -85.39 % compared to the last quarter, despite an annual growth of 680 %. Interest expenses surged remarkably by 16.46 % from the previous quarter, yet the year-over-year increase remains at a moderate 5.75 %. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -5.19 %. Profit before tax grew annually by 38.76 % but saw a reduction from the preceding quarter by -214.49 %.
Net profit rose by 38.76 % year-on-year but witnessed a -214.49 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 42.4 % but a quarterly fall of -214.29 %. In summary, Patspin India 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. 13.45 Cr | Rs. 9.61 Cr | Rs. 13.65 Cr | + 42.04 % | + 1.49 % |
| Expenses | Rs. 14.91 Cr | Rs. 10.57 Cr | Rs. 14.23 Cr | + 34.63 % | -4.56 % |
| Operating Profit | Rs. -1.46 Cr | Rs. -0.96 Cr | Rs. -0.58 Cr | + 39.58 % | + 60.27 % |
| Net Profit | Rs. -3.87 Cr | Rs. 2.07 Cr | Rs. -2.37 Cr | -214.49 % | + 38.76 % |
| EPS in Rs | Rs. -1.25 | Rs. 0.63 | Rs. -0.72 | -214.29 % | + 42.4 % |
In reviewing Patspin India Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 1.49 % year-on-year growth, however, there was a minor increase of 42.04 % from the previous quarter. Expenses decreased by -4.56 % compared to the previous year, with a 34.63 % increase quarter-on-quarter. Operating Profit surged by 60.27 % annually, and saw a 39.58 % increase from the last quarter.
Net Profit showed yearly increase of 38.76 %, and experienced a -214.49 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 42.4 % annually, however dipped by -214.29 % compared to the last quarter. In essence, while Patspin India 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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