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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 15.16 % in the past year, substantial increase in net sales/revenue by 31.04 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -78.98 %, Marginal decrease of -43.23% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Prakash Industries Limited. Notable increase of 1.21 % in net profit Year to Year, Prakash Industries Limited’s profitability increased by 1.94 % in this quarter.
- EPS over the Year and quarter: EPS increased by 1.20 % Year to Year. EPS increased by 1.81 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 1013.28 Cr | Rs. 890.44 Cr | Rs. 1166.86 Cr | + 31.04 % | + 15.16 % |
Expenses | Rs. 895.34 Cr | Rs. 767.48 Cr | Rs. 1035 Cr | + 34.86 % | + 15.6 % |
Operating Profit | Rs. 117.94 Cr | Rs. 122.96 Cr | Rs. 131.86 Cr | + 7.24 % | + 11.8 % |
OPM % | 11.64 % | 13.81 % | 11.3 % | -2.51 % | -0.34 % |
Other Income | Rs. 29.74 Cr | Rs. 11.01 Cr | Rs. 6.25 Cr | -43.23 % | -78.98 % |
Interest | Rs. 19.11 Cr | Rs. 9.98 Cr | Rs. 12.38 Cr | + 24.05 % | -35.22 % |
Depreciation | Rs. 39.16 Cr | Rs. 37.22 Cr | Rs. 35.24 Cr | -5.32 % | -10.01 % |
Profit before tax | Rs. 89.41 Cr | Rs. 86.77 Cr | Rs. 90.49 Cr | + 4.29 % | + 1.21 % |
Tax % | 0 % | 2.3 % | 0 % | -2.3 % | 0 % |
Net Profit | Rs. 89.41 Cr | Rs. 88.77 Cr | Rs. 90.49 Cr | + 1.94 % | + 1.21 % |
EPS in Rs | Rs. 4.99 | Rs. 4.96 | Rs. 5.05 | + 1.81 % | + 1.2 % |
Today, we’re looking at Prakash Industries 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 15.16 %. However, it did see a marginal increase of 31.04 % from the previous quarter. Expenses ticked up slightly by 34.86 % quarter-on-quarter, aligning with the annual rise of 15.6 %. Operating profit, while up 11.8 % compared to last year, faced a quarter-on-quarter increase of 7.24 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.34 %, but a shrinkage of -2.51 % sequentially. Other income fell by -43.23 % compared to the last quarter, despite an annual decline of -78.98 %. Interest expenses surged remarkably by 24.05 % from the previous quarter, yet the year-over-year decrease remains at a moderate -35.22 %. Depreciation costs fell by -5.32 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -10.01 %. Profit before tax grew annually by 1.21 % but saw an increase from the preceding quarter by 4.29 %.
with a more notable quarter-on-quarter decrease of -2.3 %. Net profit rose by 1.21 % year-on-year but experienced a 1.94 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 1.2 % but a quarterly rise of 1.81 %. In summary, Prakash Industries 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. 1013.28 Cr | Rs. 890.44 Cr | Rs. 1166.86 Cr | + 31.04 % | + 15.16 % |
Expenses | Rs. 895.34 Cr | Rs. 767.48 Cr | Rs. 1035 Cr | + 34.86 % | + 15.6 % |
Operating Profit | Rs. 117.94 Cr | Rs. 122.96 Cr | Rs. 131.86 Cr | + 7.24 % | + 11.8 % |
Net Profit | Rs. 89.41 Cr | Rs. 88.77 Cr | Rs. 90.49 Cr | + 1.94 % | + 1.21 % |
EPS in Rs | Rs. 4.99 | Rs. 4.96 | Rs. 5.05 | + 1.81 % | + 1.2 % |
In reviewing Prakash Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 15.16 % year-on-year growth, however, there was a minor increase of 31.04 % from the previous quarter. Expenses rose by 15.6 % compared to the previous year, with a 34.86 % increase quarter-on-quarter. Operating Profit surged by 11.8 % annually, and saw a 7.24 % increase from the last quarter.
Net Profit showed yearly increase of 1.21 %, and experienced a 1.94 % increase from the previous quarter. Earnings Per Share (EPS) rose by 1.2 % annually, however rose by 1.81 % compared to the last quarter. In essence, while Prakash Industries Limited 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.