PG Electroplast : Q1 2024 Financial Quarterly Report : YoY Sales Up 94.9 %, QoQ Up 22.67 %

The comprehensive analytics outlining the performance and outlook of PG Electroplast Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at PG Electroplast Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 94.9 %. However, it did see a marginal increase of 22.67 % from the previous quarter. Expenses ticked up slightly by 23.95 % quarter-on-quarter, aligning with the annual rise of 94.51 %. Operating profit, while up 98.48 % compared to last year, faced a quarter-on-quarter increase of 12.16 %, 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 0.18 %, but a shrinkage of -0.93 % sequentially. Other income rose by 188.55 % compared to the last quarter, despite an annual growth of 201.47 %. Interest expenses surged remarkably by 16.31 % from the previous quarter, yet the year-over-year increase remains at a moderate 30.56 %. Depreciation costs climbed by 11.05 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 40.71 %. Profit before tax grew annually by 138.74 % but saw an increase from the preceding quarter by 14.3 %.
Tax expenses as a percentage of profits decreased slightly by -4.17 % compared to last year, with a more notable quarter-on-quarter decrease of -4.9 %. Net profit rose by 147.56 % year-on-year but experienced a 20.35 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -78.52 % but a quarterly fall of -88.48 %. In summary, PG Electroplast Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing PG Electroplast Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 94.9 % year-on-year growth, however, there was a minor increase of 22.67 % from the previous quarter. Expenses rose by 94.51 % compared to the previous year, with a 23.95 % increase quarter-on-quarter. Operating Profit surged by 98.48 % annually, and saw a 12.16 % increase from the last quarter.
Net Profit showed yearly increase of 147.56 %, and experienced a 20.35 % increase from the previous quarter. Earnings Per Share (EPS) fell by -78.52 % annually, however dipped by -88.48 % compared to the last quarter. In essence, while PG Electroplast Limited 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.