Share the post "Poddar Pigments announced Financial Results Q1 2024"
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 7.49 % in the past year, substantial increase in net sales/revenue by 0.97 %.
- 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 29.91 %. Marginal decrease of -19.58% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Poddar Pigments Limited. Notable increase of 10.76 % in net profit Year to Year, Poddar Pigments Limited’s profitability dropped by -13.03 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 10.82 % Year to Year. EPS decreased by -12.99 % 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. 91.965 Cr | Rs. 97.906 Cr | Rs. 98.853 Cr | + 0.97 % | + 7.49 % |
| Expenses | Rs. 81.95 Cr | Rs. 85.92 Cr | Rs. 87.86 Cr | + 2.26 % | + 7.21 % |
| Operating Profit | Rs. 10.02 Cr | Rs. 11.99 Cr | Rs. 10.99 Cr | -8.34 % | + 9.68 % |
| OPM % | 10.9 % | 12.25 % | 11.12 % | -1.13 % | + 0.22 % |
| Other Income | Rs. 1.1 Cr | Rs. 1.777 Cr | Rs. 1.429 Cr | -19.58 % | + 29.91 % |
| Interest | Rs. 0.05 Cr | Rs. 0.06 Cr | Rs. 0.08 Cr | + 33.33 % | + 60 % |
| Depreciation | Rs. 1.63 Cr | Rs. 1.8 Cr | Rs. 2.04 Cr | + 13.33 % | + 25.15 % |
| Profit before tax | Rs. 9.44 Cr | Rs. 11.91 Cr | Rs. 10.3 Cr | -13.52 % | + 9.11 % |
| Tax % | 27.2 % | 26.52 % | 26.18 % | -0.34 % | -1.02 % |
| Net Profit | Rs. 6.87 Cr | Rs. 8.75 Cr | Rs. 7.61 Cr | -13.03 % | + 10.77 % |
| EPS in Rs | Rs. 6.47 | Rs. 8.24 | Rs. 7.17 | -12.99 % | + 10.82 % |
Today, we’re looking at Poddar Pigments 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 7.49 %. However, it did see a marginal increase of 0.97 % from the previous quarter. Expenses ticked up slightly by 2.26 % quarter-on-quarter, aligning with the annual rise of 7.21 %. Operating profit, while up 9.68 % compared to last year, faced a quarter-on-quarter dip of -8.34 %, 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 0.22 %, but a shrinkage of -1.13 % sequentially. Other income fell by -19.58 % compared to the last quarter, despite an annual growth of 29.91 %. Interest expenses surged remarkably by 33.33 % from the previous quarter, yet the year-over-year increase remains at a moderate 60 %. Depreciation costs climbed by 13.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 25.15 %. Profit before tax grew annually by 9.11 % but saw a reduction from the preceding quarter by -13.52 %.
Tax expenses as a percentage of profits decreased slightly by -1.02 % compared to last year, with a more notable quarter-on-quarter decrease of -0.34 %. Net profit rose by 10.77 % year-on-year but witnessed a -13.03 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 10.82 % but a quarterly fall of -12.99 %. In summary, Poddar Pigments 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. 91.965 Cr | Rs. 97.906 Cr | Rs. 98.853 Cr | + 0.97 % | + 7.49 % |
| Expenses | Rs. 81.95 Cr | Rs. 85.92 Cr | Rs. 87.86 Cr | + 2.26 % | + 7.21 % |
| Operating Profit | Rs. 10.02 Cr | Rs. 11.99 Cr | Rs. 10.99 Cr | -8.34 % | + 9.68 % |
| Net Profit | Rs. 6.87 Cr | Rs. 8.75 Cr | Rs. 7.61 Cr | -13.03 % | + 10.77 % |
| EPS in Rs | Rs. 6.47 | Rs. 8.24 | Rs. 7.17 | -12.99 % | + 10.82 % |
In reviewing Poddar Pigments Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7.49 % year-on-year growth, however, there was a minor increase of 0.97 % from the previous quarter. Expenses rose by 7.21 % compared to the previous year, with a 2.26 % increase quarter-on-quarter. Operating Profit surged by 9.68 % annually, and saw a -8.34 % decrease from the last quarter.
Net Profit showed yearly increase of 10.77 %, and experienced a -13.03 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 10.82 % annually, however dipped by -12.99 % compared to the last quarter. In essence, while Poddar Pigments 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=”Poddar Pigments “]
