Share the post "Pitti Engineering announced Financial Results Q1 2024-25"
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 21.08 % in the past year, substantial increase in net sales/revenue by 7.01 %.
- 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 287.14 %. Marginal decrease of -88.61% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Pitti Engineering Limited. Notable increase of 41.09 % in net profit Year to Year, Pitti Engineering Limited’s profitability dropped by -51.18 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 41.06 % Year to Year. EPS decreased by -51.15 % 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. 289.787 Cr | Rs. 327.883 Cr | Rs. 350.869 Cr | + 7.01 % | + 21.08 % |
| Expenses | Rs. 247.36 Cr | Rs. 279.24 Cr | Rs. 296.53 Cr | + 6.19 % | + 19.88 % |
| Operating Profit | Rs. 42.43 Cr | Rs. 48.64 Cr | Rs. 54.34 Cr | + 11.72 % | + 28.07 % |
| OPM % | 14.64 % | 14.83 % | 15.49 % | + 0.66 % | + 0.85 % |
| Other Income | Rs. 0.925 Cr | Rs. 31.438 Cr | Rs. 3.581 Cr | -88.61 % | + 287.14 % |
| Interest | Rs. 11.61 Cr | Rs. 13.64 Cr | Rs. 16.39 Cr | + 20.16 % | + 41.17 % |
| Depreciation | Rs. 13.16 Cr | Rs. 14.02 Cr | Rs. 14.99 Cr | + 6.92 % | + 13.91 % |
| Profit before tax | Rs. 18.59 Cr | Rs. 52.42 Cr | Rs. 26.54 Cr | -49.37 % | + 42.76 % |
| Tax % | 24.85 % | 23.01 % | 25.75 % | + 2.74 % | + 0.9 % |
| Net Profit | Rs. 13.97 Cr | Rs. 40.36 Cr | Rs. 19.7 Cr | -51.19 % | + 41.02 % |
| EPS in Rs | Rs. 4.36 | Rs. 12.59 | Rs. 6.15 | -51.15 % | + 41.06 % |
Today, we’re looking at Pitti Engineering 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 21.08 %. However, it did see a marginal increase of 7.01 % from the previous quarter. Expenses ticked up slightly by 6.19 % quarter-on-quarter, aligning with the annual rise of 19.88 %. Operating profit, while up 28.07 % compared to last year, faced a quarter-on-quarter increase of 11.72 %, 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 0.85 %, but an expansion of 0.66 % sequentially. Other income fell by -88.61 % compared to the last quarter, despite an annual growth of 287.14 %. Interest expenses surged remarkably by 20.16 % from the previous quarter, yet the year-over-year increase remains at a moderate 41.17 %. Depreciation costs climbed by 6.92 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 13.91 %. Profit before tax grew annually by 42.76 % but saw a reduction from the preceding quarter by -49.37 %.
Tax expenses as a percentage of profits increased slightly by 0.9 % compared to last year, with a more notable quarter-on-quarter increase of 2.74 %. Net profit rose by 41.02 % year-on-year but witnessed a -51.19 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 41.06 % but a quarterly fall of -51.15 %. In summary, Pitti Engineering 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. 289.787 Cr | Rs. 327.883 Cr | Rs. 350.869 Cr | + 7.01 % | + 21.08 % |
| Expenses | Rs. 247.36 Cr | Rs. 279.24 Cr | Rs. 296.53 Cr | + 6.19 % | + 19.88 % |
| Operating Profit | Rs. 42.43 Cr | Rs. 48.64 Cr | Rs. 54.34 Cr | + 11.72 % | + 28.07 % |
| Net Profit | Rs. 13.97 Cr | Rs. 40.36 Cr | Rs. 19.7 Cr | -51.19 % | + 41.02 % |
| EPS in Rs | Rs. 4.36 | Rs. 12.59 | Rs. 6.15 | -51.15 % | + 41.06 % |
In reviewing Pitti Engineering Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 21.08 % year-on-year growth, however, there was a minor increase of 7.01 % from the previous quarter. Expenses rose by 19.88 % compared to the previous year, with a 6.19 % increase quarter-on-quarter. Operating Profit surged by 28.07 % annually, and saw a 11.72 % increase from the last quarter.
Net Profit showed yearly increase of 41.02 %, and experienced a -51.19 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 41.06 % annually, however dipped by -51.15 % compared to the last quarter. In essence, while Pitti Engineering 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.
[my_shortcode1 values=”Pitti Engineering “]
