Share the post "Piccadily Sugar & Allied ‘s Q1 Update: Revenue Decreases by 84.05% Year-on-Year"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -84.05 % over the year, decrease in net sales/revenue by -67.22 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -29.07 %, Marginal decrease of -93.38% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Piccadily Sugar & Allied Ltd.. Notable increase of 0.84 % in net profit Year to Year, Piccadily Sugar & Allied Ltd.’s profitability dropped by -171.75 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 4.00 % Year to Year. EPS decreased by -172.22 % 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. 1.743 Cr | Rs. 0.848 Cr | Rs. 0.278 Cr | -67.22 % | -84.05 % |
| Expenses | Rs. 2.07 Cr | Rs. 1.24 Cr | Rs. 0.6 Cr | -51.61 % | -71.01 % |
| Operating Profit | Rs. -0.33 Cr | Rs. -0.39 Cr | Rs. -0.32 Cr | + 17.95 % | + 3.03 % |
| OPM % | -18.93 % | -45.99 % | -115.11 % | -69.12 % | -96.18 % |
| Other Income | Rs. 0.258 Cr | Rs. 2.766 Cr | Rs. 0.183 Cr | -93.38 % | -29.07 % |
| Interest | Rs. 0.03 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.73 Cr | Rs. 0.72 Cr | Rs. 0.68 Cr | -5.56 % | -6.85 % |
| Profit before tax | Rs. -0.83 Cr | Rs. 1.66 Cr | Rs. -0.82 Cr | -149.4 % | + 1.2 % |
| Tax % | -28.62 % | 49.79 % | -27.55 % | -77.34 % | + 1.07 % |
| Net Profit | Rs. -0.59 Cr | Rs. 0.83 Cr | Rs. -0.6 Cr | -172.29 % | -1.69 % |
| EPS in Rs | Rs. -0.25 | Rs. 0.36 | Rs. -0.26 | -172.22 % | -4 % |
Today, we’re looking at Piccadily Sugar & Allied 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 -84.05 %. However, it did see a marginal slip of -67.22 % from the previous quarter. Expenses decreased slightly by -51.61 % quarter-on-quarter, aligning with the annual decline of -71.01 %. Operating profit, while up 3.03 % compared to last year, faced a quarter-on-quarter increase of 17.95 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -96.18 %, but a shrinkage of -69.12 % sequentially. Other income fell by -93.38 % compared to the last quarter, despite an annual decline of -29.07 %. Depreciation costs fell by -5.56 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -6.85 %. Profit before tax grew annually by 1.2 % but saw a reduction from the preceding quarter by -149.4 %.
Tax expenses as a percentage of profits increased slightly by 1.07 % compared to last year, with a more notable quarter-on-quarter decrease of -77.34 %. Net profit fell by -1.69 % year-on-year but witnessed a -172.29 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -4 % but a quarterly fall of -172.22 %. In summary, Piccadily Sugar & Allied 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. 1.743 Cr | Rs. 0.848 Cr | Rs. 0.278 Cr | -67.22 % | -84.05 % |
| Expenses | Rs. 2.07 Cr | Rs. 1.24 Cr | Rs. 0.6 Cr | -51.61 % | -71.01 % |
| Operating Profit | Rs. -0.33 Cr | Rs. -0.39 Cr | Rs. -0.32 Cr | + 17.95 % | + 3.03 % |
| Net Profit | Rs. -0.59 Cr | Rs. 0.83 Cr | Rs. -0.6 Cr | -172.29 % | -1.69 % |
| EPS in Rs | Rs. -0.25 | Rs. 0.36 | Rs. -0.26 | -172.22 % | -4 % |
In reviewing Piccadily Sugar & Allied Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -84.05 % year-on-year, although there was a slight dip of -67.22 % from the previous quarter. Expenses decreased by -71.01 % compared to the previous year, with a decrease of -51.61 % quarter-on-quarter. Operating Profit surged by 3.03 % annually, and saw a 17.95 % increase from the last quarter.
Net Profit showed yearly decrease of -1.69 %, and experienced a -172.29 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -4 % annually, however dipped by -172.22 % compared to the last quarter. In essence, while Piccadily Sugar & Allied Ltd. faces strong annual decline 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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