Highlights
- Sales over the Year and quarter: The company’s sales declined by -22.25 % over the year, substantial increase in net sales/revenue by 58.69 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -46.15 %, Marginal increase in other income during this quarter, up by 366.67%.
- Profit over the Year and quarter: Significant improvement in profitability for Prabhu Steel Industries Ltd.,. Notable increase of 133.99 % in net profit Year to Year, Prabhu Steel Industries Ltd.,’s profitability dropped by -899.33 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 133.94 % Year to Year. EPS decreased by -898.56 % 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. 5.366 Cr | Rs. 2.629 Cr | Rs. 4.172 Cr | + 58.69 % | -22.25 % |
| Expenses | Rs. 5.42 Cr | Rs. 2.78 Cr | Rs. 4.39 Cr | + 57.91 % | -19 % |
| Operating Profit | Rs. -0.05 Cr | Rs. -0.15 Cr | Rs. -0.22 Cr | -46.67 % | -340 % |
| OPM % | -0.93 % | -5.71 % | -5.27 % | + 0.44 % | -4.34 % |
| Other Income | Rs. 0.26 Cr | Rs. 0.03 Cr | Rs. 0.14 Cr | + 366.67 % | -46.15 % |
| Interest | Rs. 0.15 Cr | Rs. 0.07 Cr | Rs. 0.09 Cr | + 28.57 % | -40 % |
| Depreciation | Rs. 0 Cr | Rs. 0.01 Cr | Rs. 0.01 Cr | + 0 % | 0 % |
| Profit before tax | Rs. 0.06 Cr | Rs. -0.2 Cr | Rs. -0.18 Cr | + 10 % | -400 % |
| Tax % | 764.41 % | -26.96 % | 36.82 % | + 63.78 % | -727.59 % |
| Net Profit | Rs. 0.51 Cr | Rs. -0.15 Cr | Rs. 1.19 Cr | + 893.33 % | + 133.33 % |
| EPS in Rs | Rs. 7.1 | Rs. -2.08 | Rs. 16.61 | + 898.56 % | + 133.94 % |
Today, we’re looking at Prabhu Steel Industries Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -22.25 %. However, it did see a marginal increase of 58.69 % from the previous quarter. Expenses ticked up slightly by 57.91 % quarter-on-quarter, aligning with the annual decline of -19 %. Operating profit, while down -340 % compared to last year, faced a quarter-on-quarter dip of -46.67 %, 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 -4.34 %, but an expansion of 0.44 % sequentially. Other income rose by 366.67 % compared to the last quarter, despite an annual decline of -46.15 %. Interest expenses surged remarkably by 28.57 % from the previous quarter, yet the year-over-year decrease remains at a moderate -40 %. Depreciation costs climbed by 0 % quarter-on-quarter, Profit before tax declined annually by -400 % but saw an increase from the preceding quarter by 10 %.
Tax expenses as a percentage of profits decreased slightly by -727.59 % compared to last year, with a more notable quarter-on-quarter increase of 63.78 %. Net profit rose by 133.33 % year-on-year but experienced a 893.33 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 133.94 % but a quarterly rise of 898.56 %. In summary, Prabhu Steel Industries 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. 5.366 Cr | Rs. 2.629 Cr | Rs. 4.172 Cr | + 58.69 % | -22.25 % |
| Expenses | Rs. 5.42 Cr | Rs. 2.78 Cr | Rs. 4.39 Cr | + 57.91 % | -19 % |
| Operating Profit | Rs. -0.05 Cr | Rs. -0.15 Cr | Rs. -0.22 Cr | -46.67 % | -340 % |
| Net Profit | Rs. 0.51 Cr | Rs. -0.15 Cr | Rs. 1.19 Cr | + 893.33 % | + 133.33 % |
| EPS in Rs | Rs. 7.1 | Rs. -2.08 | Rs. 16.61 | + 898.56 % | + 133.94 % |
In reviewing Prabhu Steel Industries Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -22.25 % year-on-year, however, there was a minor increase of 58.69 % from the previous quarter. Expenses decreased by -19 % compared to the previous year, with a 57.91 % increase quarter-on-quarter. Operating Profit dropped by -340 % annually, and saw a -46.67 % decrease from the last quarter.
Net Profit showed yearly increase of 133.33 %, and experienced a 893.33 % increase from the previous quarter. Earnings Per Share (EPS) rose by 133.94 % annually, however rose by 898.56 % compared to the last quarter. In essence, while Prabhu Steel Industries 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.
