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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 26.07 % in the past year, substantial increase in net sales/revenue by 17.34 %.
- 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 54.69 %. Marginal increase in other income during this quarter, up by 35.62%.
- Profit over the Year and quarter: Significant improvement in profitability for Pradeep Metals Ltd.. Notable increase of 92.96 % in net profit Year to Year, Pradeep Metals Ltd.’s profitability increased by 14.5 % in this quarter.
- EPS over the Year and quarter: EPS increased by 93.19 % Year to Year. EPS increased by 14.65 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 63.047 Cr | Rs. 67.74 Cr | Rs. 79.486 Cr | + 17.34 % | + 26.07 % |
| Expenses | Rs. 53.99 Cr | Rs. 55.86 Cr | Rs. 66.24 Cr | + 18.58 % | + 22.69 % |
| Operating Profit | Rs. 9.06 Cr | Rs. 11.88 Cr | Rs. 13.25 Cr | + 11.53 % | + 46.25 % |
| OPM % | 14.37 % | 17.54 % | 16.67 % | -0.87 % | + 2.3 % |
| Other Income | Rs. 0.64 Cr | Rs. 0.73 Cr | Rs. 0.99 Cr | + 35.62 % | + 54.69 % |
| Interest | Rs. 1.71 Cr | Rs. 1.81 Cr | Rs. 2 Cr | + 10.5 % | + 16.96 % |
| Depreciation | Rs. 2.29 Cr | Rs. 2.42 Cr | Rs. 2.32 Cr | -4.13 % | + 1.31 % |
| Profit before tax | Rs. 5.7 Cr | Rs. 8.38 Cr | Rs. 9.92 Cr | + 18.38 % | + 74.04 % |
| Tax % | 23.32 % | 18.35 % | 21.03 % | + 2.68 % | -2.29 % |
| Net Profit | Rs. 4.06 Cr | Rs. 6.84 Cr | Rs. 7.83 Cr | + 14.47 % | + 92.86 % |
| EPS in Rs | Rs. 2.35 | Rs. 3.96 | Rs. 4.54 | + 14.65 % | + 93.19 % |
Today, we’re looking at Pradeep Metals 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 26.07 %. However, it did see a marginal increase of 17.34 % from the previous quarter. Expenses ticked up slightly by 18.58 % quarter-on-quarter, aligning with the annual rise of 22.69 %. Operating profit, while up 46.25 % compared to last year, faced a quarter-on-quarter increase of 11.53 %, 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 2.3 %, but a shrinkage of -0.87 % sequentially. Other income rose by 35.62 % compared to the last quarter, despite an annual growth of 54.69 %. Interest expenses surged remarkably by 10.5 % from the previous quarter, yet the year-over-year increase remains at a moderate 16.96 %. Depreciation costs fell by -4.13 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.31 %. Profit before tax grew annually by 74.04 % but saw an increase from the preceding quarter by 18.38 %.
Tax expenses as a percentage of profits decreased slightly by -2.29 % compared to last year, with a more notable quarter-on-quarter increase of 2.68 %. Net profit rose by 92.86 % year-on-year but experienced a 14.47 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 93.19 % but a quarterly rise of 14.65 %. 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. 63.047 Cr | Rs. 67.74 Cr | Rs. 79.486 Cr | + 17.34 % | + 26.07 % |
| Expenses | Rs. 53.99 Cr | Rs. 55.86 Cr | Rs. 66.24 Cr | + 18.58 % | + 22.69 % |
| Operating Profit | Rs. 9.06 Cr | Rs. 11.88 Cr | Rs. 13.25 Cr | + 11.53 % | + 46.25 % |
| Net Profit | Rs. 4.06 Cr | Rs. 6.84 Cr | Rs. 7.83 Cr | + 14.47 % | + 92.86 % |
| EPS in Rs | Rs. 2.35 | Rs. 3.96 | Rs. 4.54 | + 14.65 % | + 93.19 % |
In reviewing Pradeep Metals Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 26.07 % year-on-year growth, however, there was a minor increase of 17.34 % from the previous quarter. Expenses rose by 22.69 % compared to the previous year, with a 18.58 % increase quarter-on-quarter. Operating Profit surged by 46.25 % annually, and saw a 11.53 % increase from the last quarter.
Net Profit showed yearly increase of 92.86 %, and experienced a 14.47 % increase from the previous quarter. Earnings Per Share (EPS) rose by 93.19 % annually, however rose by 14.65 % compared to the last quarter. In essence, while Pradeep Metals 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.
