Share the post "Power Mech Projects announced Financial Results Q1 2024"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 16.44 % in the past year, decrease in net sales/revenue by -22.6 %.
- 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 55.54 %. Marginal decrease of -16.55% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Power Mech Projects Limited. Notable increase of 21.11 % in net profit Year to Year, Power Mech Projects Limited’s profitability dropped by -26.88 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 11.23 % Year to Year. EPS decreased by -28.84 % 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. 865.131 Cr | Rs. 1301.53 Cr | Rs. 1007.39 Cr | -22.6 % | + 16.44 % |
| Expenses | Rs. 765.89 Cr | Rs. 1152.03 Cr | Rs. 893.71 Cr | -22.42 % | + 16.69 % |
| Operating Profit | Rs. 99.24 Cr | Rs. 149.5 Cr | Rs. 113.68 Cr | -23.96 % | + 14.55 % |
| OPM % | 11.47 % | 11.49 % | 11.28 % | -0.21 % | -0.19 % |
| Other Income | Rs. 5.542 Cr | Rs. 10.33 Cr | Rs. 8.62 Cr | -16.55 % | + 55.54 % |
| Interest | Rs. 20.37 Cr | Rs. 25.68 Cr | Rs. 21.74 Cr | -15.34 % | + 6.73 % |
| Depreciation | Rs. 10.16 Cr | Rs. 12.09 Cr | Rs. 12.42 Cr | + 2.73 % | + 22.24 % |
| Profit before tax | Rs. 74.25 Cr | Rs. 122.06 Cr | Rs. 88.14 Cr | -27.79 % | + 18.71 % |
| Tax % | 31.87 % | 30.82 % | 29.98 % | -0.84 % | -1.89 % |
| Net Profit | Rs. 50.96 Cr | Rs. 84.41 Cr | Rs. 61.72 Cr | -26.88 % | + 21.11 % |
| EPS in Rs | Rs. 34.2 | Rs. 53.46 | Rs. 38.04 | -28.84 % | + 11.23 % |
Today, we’re looking at Power Mech Projects 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 16.44 %. However, it did see a marginal slip of -22.6 % from the previous quarter. Expenses decreased slightly by -22.42 % quarter-on-quarter, aligning with the annual rise of 16.69 %. Operating profit, while up 14.55 % compared to last year, faced a quarter-on-quarter dip of -23.96 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.19 %, but a shrinkage of -0.21 % sequentially. Other income fell by -16.55 % compared to the last quarter, despite an annual growth of 55.54 %. Interest expenses dropped significantly by -15.34 % from the previous quarter, yet the year-over-year increase remains at a moderate 6.73 %. Depreciation costs climbed by 2.73 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 22.24 %. Profit before tax grew annually by 18.71 % but saw a reduction from the preceding quarter by -27.79 %.
Tax expenses as a percentage of profits decreased slightly by -1.89 % compared to last year, with a more notable quarter-on-quarter decrease of -0.84 %. Net profit rose by 21.11 % year-on-year but witnessed a -26.88 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 11.23 % but a quarterly fall of -28.84 %. In summary, Power Mech Projects 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. 865.131 Cr | Rs. 1301.53 Cr | Rs. 1007.39 Cr | -22.6 % | + 16.44 % |
| Expenses | Rs. 765.89 Cr | Rs. 1152.03 Cr | Rs. 893.71 Cr | -22.42 % | + 16.69 % |
| Operating Profit | Rs. 99.24 Cr | Rs. 149.5 Cr | Rs. 113.68 Cr | -23.96 % | + 14.55 % |
| Net Profit | Rs. 50.96 Cr | Rs. 84.41 Cr | Rs. 61.72 Cr | -26.88 % | + 21.11 % |
| EPS in Rs | Rs. 34.2 | Rs. 53.46 | Rs. 38.04 | -28.84 % | + 11.23 % |
In reviewing Power Mech Projects Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 16.44 % year-on-year growth, although there was a slight dip of -22.6 % from the previous quarter. Expenses rose by 16.69 % compared to the previous year, with a decrease of -22.42 % quarter-on-quarter. Operating Profit surged by 14.55 % annually, and saw a -23.96 % decrease from the last quarter.
Net Profit showed yearly increase of 21.11 %, and experienced a -26.88 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 11.23 % annually, however dipped by -28.84 % compared to the last quarter. In essence, while Power Mech Projects 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=”Power Mech Projects “]
