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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 11.2 % in the past year, decrease in net sales/revenue by -8.25 %.
- 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 18.93 %. Marginal increase in other income during this quarter, up by 4.87%.
- Profit over the Year and quarter: Significant improvement in profitability for PI Industries Limited. Notable increase of 31.68 % in net profit Year to Year, PI Industries Limited’s profitability dropped by -17.63 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 31.75 % Year to Year. EPS decreased by -17.67 % 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. 1565.6 Cr | Rs. 1897.5 Cr | Rs. 1741 Cr | -8.25 % | + 11.2 % |
Expenses | Rs. 1222.8 Cr | Rs. 1343.9 Cr | Rs. 1299.2 Cr | -3.33 % | + 6.25 % |
Operating Profit | Rs. 342.8 Cr | Rs. 553.6 Cr | Rs. 441.8 Cr | -20.2 % | + 28.88 % |
OPM % | 21.9 % | 29.18 % | 25.38 % | -3.8 % | + 3.48 % |
Other Income | Rs. 50.7 Cr | Rs. 57.5 Cr | Rs. 60.3 Cr | + 4.87 % | + 18.93 % |
Interest | Rs. 3.3 Cr | Rs. 7 Cr | Rs. 10.9 Cr | + 55.71 % | + 230.3 % |
Depreciation | Rs. 57.7 Cr | Rs. 78.3 Cr | Rs. 79.9 Cr | + 2.04 % | + 38.47 % |
Profit before tax | Rs. 332.5 Cr | Rs. 525.8 Cr | Rs. 411.3 Cr | -21.78 % | + 23.7 % |
Tax % | 15.67 % | 14.72 % | 10.22 % | -4.5 % | -5.45 % |
Net Profit | Rs. 280.6 Cr | Rs. 448.6 Cr | Rs. 369.5 Cr | -17.63 % | + 31.68 % |
EPS in Rs | Rs. 18.5 | Rs. 29.58 | Rs. 24.35 | -17.68 % | + 31.62 % |
Today, we’re looking at PI Industries Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 11.2 %. However, it did see a marginal slip of -8.25 % from the previous quarter. Expenses decreased slightly by -3.33 % quarter-on-quarter, aligning with the annual rise of 6.25 %. Operating profit, while up 28.88 % compared to last year, faced a quarter-on-quarter dip of -20.2 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 3.48 %, but a shrinkage of -3.8 % sequentially. Other income rose by 4.87 % compared to the last quarter, despite an annual growth of 18.93 %. Interest expenses surged remarkably by 55.71 % from the previous quarter, yet the year-over-year increase remains at a moderate 230.3 %. Depreciation costs climbed by 2.04 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 38.47 %. Profit before tax grew annually by 23.7 % but saw a reduction from the preceding quarter by -21.78 %.
Tax expenses as a percentage of profits decreased slightly by -5.45 % compared to last year, with a more notable quarter-on-quarter decrease of -4.5 %. Net profit rose by 31.68 % year-on-year but witnessed a -17.63 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 31.62 % but a quarterly fall of -17.68 %. In summary, PI Industries Limited’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. 1565.6 Cr | Rs. 1897.5 Cr | Rs. 1741 Cr | -8.25 % | + 11.2 % |
Expenses | Rs. 1222.8 Cr | Rs. 1343.9 Cr | Rs. 1299.2 Cr | -3.33 % | + 6.25 % |
Operating Profit | Rs. 342.8 Cr | Rs. 553.6 Cr | Rs. 441.8 Cr | -20.2 % | + 28.88 % |
Net Profit | Rs. 280.6 Cr | Rs. 448.6 Cr | Rs. 369.5 Cr | -17.63 % | + 31.68 % |
EPS in Rs | Rs. 18.5 | Rs. 29.58 | Rs. 24.35 | -17.68 % | + 31.62 % |
In reviewing PI Industries Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 11.2 % year-on-year growth, although there was a slight dip of -8.25 % from the previous quarter. Expenses rose by 6.25 % compared to the previous year, with a decrease of -3.33 % quarter-on-quarter. Operating Profit surged by 28.88 % annually, and saw a -20.2 % decrease from the last quarter.
Net Profit showed yearly increase of 31.68 %, and experienced a -17.63 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 31.62 % annually, however dipped by -17.68 % compared to the last quarter. In essence, while PI Industries Limited 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.