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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -30.66 % over the year, decrease in net sales/revenue by -57.18 %.
- 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 24 %. Marginal decrease of -91.41% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Pet Plastics Ltd.,. Profit dropped by -76.58 % Year to Year, Pet Plastics Ltd.,’s profitability dropped by -163.79 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -76.34 % Year to Year. EPS decreased by -164.66 % 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. 1.282 Cr | Rs. 2.076 Cr | Rs. 0.889 Cr | -57.18 % | -30.66 % |
| Expenses | Rs. 1.46 Cr | Rs. 2.36 Cr | Rs. 0.96 Cr | -59.32 % | -34.25 % |
| Operating Profit | Rs. -0.18 Cr | Rs. -0.28 Cr | Rs. -0.07 Cr | + 75 % | + 61.11 % |
| OPM % | -14.04 % | -13.49 % | -7.87 % | + 5.62 % | + 6.17 % |
| Other Income | Rs. 0.025 Cr | Rs. 0.361 Cr | Rs. 0.031 Cr | -91.41 % | + 24 % |
| 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. -0.16 Cr | Rs. 0.08 Cr | Rs. -0.04 Cr | -150 % | + 75 % |
| Tax % | -0 % | 25.64 % | -0 % | -25.64 % | 0 % |
| Net Profit | Rs. -0.16 Cr | Rs. 0.06 Cr | Rs. -0.04 Cr | -166.67 % | + 75 % |
| EPS in Rs | Rs. -3.17 | Rs. 1.16 | Rs. -0.75 | -164.66 % | + 76.34 % |
Today, we’re looking at Pet Plastics Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -30.66 %. However, it did see a marginal slip of -57.18 % from the previous quarter. Expenses decreased slightly by -59.32 % quarter-on-quarter, aligning with the annual decline of -34.25 %. Operating profit, while up 61.11 % compared to last year, faced a quarter-on-quarter increase of 75 %, 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 6.17 %, but an expansion of 5.62 % sequentially. Other income fell by -91.41 % compared to the last quarter, despite an annual growth of 24 %. Profit before tax grew annually by 75 % but saw a reduction from the preceding quarter by -150 %.
with a more notable quarter-on-quarter decrease of -25.64 %. Net profit rose by 75 % year-on-year but witnessed a -166.67 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 76.34 % but a quarterly fall of -164.66 %. In summary, Pet Plastics 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. 1.282 Cr | Rs. 2.076 Cr | Rs. 0.889 Cr | -57.18 % | -30.66 % |
| Expenses | Rs. 1.46 Cr | Rs. 2.36 Cr | Rs. 0.96 Cr | -59.32 % | -34.25 % |
| Operating Profit | Rs. -0.18 Cr | Rs. -0.28 Cr | Rs. -0.07 Cr | + 75 % | + 61.11 % |
| Net Profit | Rs. -0.16 Cr | Rs. 0.06 Cr | Rs. -0.04 Cr | -166.67 % | + 75 % |
| EPS in Rs | Rs. -3.17 | Rs. 1.16 | Rs. -0.75 | -164.66 % | + 76.34 % |
In reviewing Pet Plastics Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -30.66 % year-on-year, although there was a slight dip of -57.18 % from the previous quarter. Expenses decreased by -34.25 % compared to the previous year, with a decrease of -59.32 % quarter-on-quarter. Operating Profit surged by 61.11 % annually, and saw a 75 % increase from the last quarter.
Net Profit showed yearly increase of 75 %, and experienced a -166.67 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 76.34 % annually, however dipped by -164.66 % compared to the last quarter. In essence, while Pet Plastics 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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