Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 0.7 % in the past year, substantial increase in net sales/revenue by 12.24 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -73.83 %, Marginal decrease of -62.41% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Polyplex Corporation Ltd.,. Notable increase of 54.76 % in net profit Year to Year, Polyplex Corporation Ltd.,’s profitability increased by 83.77 % in this quarter.
- EPS over the Year and quarter: EPS increased by 10.74 % Year to Year. EPS increased by 82.31 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1667.07 Cr | Rs. 1495.57 Cr | Rs. 1678.69 Cr | + 12.24 % | + 0.7 % |
| Expenses | Rs. 1611.7 Cr | Rs. 1446.05 Cr | Rs. 1582.12 Cr | + 9.41 % | -1.84 % |
| Operating Profit | Rs. 55.37 Cr | Rs. 49.52 Cr | Rs. 96.57 Cr | + 95.01 % | + 74.41 % |
| OPM % | 3.32 % | 3.31 % | 5.75 % | + 2.44 % | + 2.43 % |
| Other Income | Rs. 64.15 Cr | Rs. 44.67 Cr | Rs. 16.79 Cr | -62.41 % | -73.83 % |
| Interest | Rs. 11.34 Cr | Rs. 10.29 Cr | Rs. 10.33 Cr | + 0.39 % | -8.91 % |
| Depreciation | Rs. 77.65 Cr | Rs. 75.43 Cr | Rs. 81.9 Cr | + 8.58 % | + 5.47 % |
| Profit before tax | Rs. 30.53 Cr | Rs. 8.47 Cr | Rs. 21.13 Cr | + 149.47 % | -30.79 % |
| Tax % | 33.61 % | 101.53 % | 48.46 % | -53.07 % | + 14.85 % |
| Net Profit | Rs. 20.27 Cr | Rs. 17.07 Cr | Rs. 31.37 Cr | + 83.77 % | + 54.76 % |
| EPS in Rs | Rs. 2.42 | Rs. 1.47 | Rs. 2.68 | + 82.31 % | + 10.74 % |
Today, we’re looking at Polyplex Corporation Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 0.7 %. However, it did see a marginal increase of 12.24 % from the previous quarter. Expenses ticked up slightly by 9.41 % quarter-on-quarter, aligning with the annual decline of -1.84 %. Operating profit, while up 74.41 % compared to last year, faced a quarter-on-quarter increase of 95.01 %, 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 2.43 %, but an expansion of 2.44 % sequentially. Other income fell by -62.41 % compared to the last quarter, despite an annual decline of -73.83 %. Interest expenses surged remarkably by 0.39 % from the previous quarter, yet the year-over-year decrease remains at a moderate -8.91 %. Depreciation costs climbed by 8.58 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 5.47 %. Profit before tax declined annually by -30.79 % but saw an increase from the preceding quarter by 149.47 %.
Tax expenses as a percentage of profits increased slightly by 14.85 % compared to last year, with a more notable quarter-on-quarter decrease of -53.07 %. Net profit rose by 54.76 % year-on-year but experienced a 83.77 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 10.74 % but a quarterly rise of 82.31 %. In summary, Polyplex Corporation 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. 1667.07 Cr | Rs. 1495.57 Cr | Rs. 1678.69 Cr | + 12.24 % | + 0.7 % |
| Expenses | Rs. 1611.7 Cr | Rs. 1446.05 Cr | Rs. 1582.12 Cr | + 9.41 % | -1.84 % |
| Operating Profit | Rs. 55.37 Cr | Rs. 49.52 Cr | Rs. 96.57 Cr | + 95.01 % | + 74.41 % |
| Net Profit | Rs. 20.27 Cr | Rs. 17.07 Cr | Rs. 31.37 Cr | + 83.77 % | + 54.76 % |
| EPS in Rs | Rs. 2.42 | Rs. 1.47 | Rs. 2.68 | + 82.31 % | + 10.74 % |
In reviewing Polyplex Corporation Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 0.7 % year-on-year growth, however, there was a minor increase of 12.24 % from the previous quarter. Expenses decreased by -1.84 % compared to the previous year, with a 9.41 % increase quarter-on-quarter. Operating Profit surged by 74.41 % annually, and saw a 95.01 % increase from the last quarter.
Net Profit showed yearly increase of 54.76 %, and experienced a 83.77 % increase from the previous quarter. Earnings Per Share (EPS) rose by 10.74 % annually, however rose by 82.31 % compared to the last quarter. In essence, while Polyplex Corporation Ltd., 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.
