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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 20.3 % in the past year, decrease in net sales/revenue by -10.05 %.
- 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 127.61 %. Marginal increase in other income during this quarter, up by 155.66%.
- Profit over the Year and quarter: Significant improvement in profitability for Pradeep Metals Ltd.. Notable increase of 245.11 % in net profit Year to Year, Pradeep Metals Ltd.’s profitability dropped by -10.84 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 246.15 % Year to Year. EPS decreased by -10.79 % 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. 59.432 Cr | Rs. 79.486 Cr | Rs. 71.499 Cr | -10.05 % | + 20.3 % |
Expenses | Rs. 53.53 Cr | Rs. 66.24 Cr | Rs. 60.7 Cr | -8.36 % | + 13.39 % |
Operating Profit | Rs. 5.9 Cr | Rs. 13.25 Cr | Rs. 10.8 Cr | -18.49 % | + 83.05 % |
OPM % | 9.93 % | 16.67 % | 15.11 % | -1.56 % | + 5.18 % |
Other Income | Rs. 1.112 Cr | Rs. 0.99 Cr | Rs. 2.531 Cr | + 155.66 % | + 127.61 % |
Interest | Rs. 1.77 Cr | Rs. 2 Cr | Rs. 1.96 Cr | -2 % | + 10.73 % |
Depreciation | Rs. 2.39 Cr | Rs. 2.32 Cr | Rs. 2.27 Cr | -2.16 % | -5.02 % |
Profit before tax | Rs. 2.85 Cr | Rs. 9.92 Cr | Rs. 9.1 Cr | -8.27 % | + 219.3 % |
Tax % | 28.93 % | 21.03 % | 23.28 % | + 2.25 % | -5.65 % |
Net Profit | Rs. 2.02 Cr | Rs. 7.83 Cr | Rs. 6.99 Cr | -10.73 % | + 246.04 % |
EPS in Rs | Rs. 1.17 | Rs. 4.54 | Rs. 4.05 | -10.79 % | + 246.15 % |
Today, we’re looking at Pradeep Metals Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 20.3 %. However, it did see a marginal slip of -10.05 % from the previous quarter. Expenses decreased slightly by -8.36 % quarter-on-quarter, aligning with the annual rise of 13.39 %. Operating profit, while up 83.05 % compared to last year, faced a quarter-on-quarter dip of -18.49 %, 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 5.18 %, but a shrinkage of -1.56 % sequentially. Other income rose by 155.66 % compared to the last quarter, despite an annual growth of 127.61 %. Interest expenses dropped significantly by -2 % from the previous quarter, yet the year-over-year increase remains at a moderate 10.73 %. Depreciation costs fell by -2.16 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -5.02 %. Profit before tax grew annually by 219.3 % but saw a reduction from the preceding quarter by -8.27 %.
Tax expenses as a percentage of profits decreased slightly by -5.65 % compared to last year, with a more notable quarter-on-quarter increase of 2.25 %. Net profit rose by 246.04 % year-on-year but witnessed a -10.73 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 246.15 % but a quarterly fall of -10.79 %. In summary, Pradeep Metals 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. 59.432 Cr | Rs. 79.486 Cr | Rs. 71.499 Cr | -10.05 % | + 20.3 % |
Expenses | Rs. 53.53 Cr | Rs. 66.24 Cr | Rs. 60.7 Cr | -8.36 % | + 13.39 % |
Operating Profit | Rs. 5.9 Cr | Rs. 13.25 Cr | Rs. 10.8 Cr | -18.49 % | + 83.05 % |
Net Profit | Rs. 2.02 Cr | Rs. 7.83 Cr | Rs. 6.99 Cr | -10.73 % | + 246.04 % |
EPS in Rs | Rs. 1.17 | Rs. 4.54 | Rs. 4.05 | -10.79 % | + 246.15 % |
In reviewing Pradeep Metals Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 20.3 % year-on-year growth, although there was a slight dip of -10.05 % from the previous quarter. Expenses rose by 13.39 % compared to the previous year, with a decrease of -8.36 % quarter-on-quarter. Operating Profit surged by 83.05 % annually, and saw a -18.49 % decrease from the last quarter.
Net Profit showed yearly increase of 246.04 %, and experienced a -10.73 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 246.15 % annually, however dipped by -10.79 % compared to the last quarter. In essence, while Pradeep Metals Ltd. 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.