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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 16.67 % in the past year, substantial increase in net sales/revenue by 24.35 %.
- 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 327.12 %. Marginal increase in other income during this quarter, up by 7.01%.
- Profit over the Year and quarter: Significant improvement in profitability for Prakash Pipes Limited. Notable increase of 37.52 % in net profit Year to Year, Prakash Pipes Limited’s profitability increased by 0.16 % in this quarter.
- EPS over the Year and quarter: EPS increased by 37.56 % Year to Year. EPS increased by 0.09 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 175.56 Cr | Rs. 164.71 Cr | Rs. 204.82 Cr | + 24.35 % | + 16.67 % |
| Expenses | Rs. 152.37 Cr | Rs. 134.54 Cr | Rs. 171.93 Cr | + 27.79 % | + 12.84 % |
| Operating Profit | Rs. 23.19 Cr | Rs. 30.17 Cr | Rs. 32.89 Cr | + 9.02 % | + 41.83 % |
| OPM % | 13.21 % | 18.32 % | 16.06 % | -2.26 % | + 2.85 % |
| Other Income | Rs. 1.18 Cr | Rs. 4.71 Cr | Rs. 5.04 Cr | + 7.01 % | + 327.12 % |
| Interest | Rs. 0.36 Cr | Rs. 1.45 Cr | Rs. 1.71 Cr | + 17.93 % | + 375 % |
| Depreciation | Rs. 2.35 Cr | Rs. 2.52 Cr | Rs. 2.44 Cr | -3.17 % | + 3.83 % |
| Profit before tax | Rs. 21.66 Cr | Rs. 30.91 Cr | Rs. 33.78 Cr | + 9.29 % | + 55.96 % |
| Tax % | 14.73 % | 17.96 % | 24.81 % | + 6.85 % | + 10.08 % |
| Net Profit | Rs. 18.47 Cr | Rs. 25.36 Cr | Rs. 25.4 Cr | + 0.16 % | + 37.52 % |
| EPS in Rs | Rs. 7.72 | Rs. 10.61 | Rs. 10.62 | + 0.09 % | + 37.56 % |
Today, we’re looking at Prakash Pipes 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 16.67 %. However, it did see a marginal increase of 24.35 % from the previous quarter. Expenses ticked up slightly by 27.79 % quarter-on-quarter, aligning with the annual rise of 12.84 %. Operating profit, while up 41.83 % compared to last year, faced a quarter-on-quarter increase of 9.02 %, 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 2.85 %, but a shrinkage of -2.26 % sequentially. Other income rose by 7.01 % compared to the last quarter, despite an annual growth of 327.12 %. Interest expenses surged remarkably by 17.93 % from the previous quarter, yet the year-over-year increase remains at a moderate 375 %. Depreciation costs fell by -3.17 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.83 %. Profit before tax grew annually by 55.96 % but saw an increase from the preceding quarter by 9.29 %.
Tax expenses as a percentage of profits increased slightly by 10.08 % compared to last year, with a more notable quarter-on-quarter increase of 6.85 %. Net profit rose by 37.52 % year-on-year but experienced a 0.16 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 37.56 % but a quarterly rise of 0.09 %. In summary, Prakash Pipes 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. 175.56 Cr | Rs. 164.71 Cr | Rs. 204.82 Cr | + 24.35 % | + 16.67 % |
| Expenses | Rs. 152.37 Cr | Rs. 134.54 Cr | Rs. 171.93 Cr | + 27.79 % | + 12.84 % |
| Operating Profit | Rs. 23.19 Cr | Rs. 30.17 Cr | Rs. 32.89 Cr | + 9.02 % | + 41.83 % |
| Net Profit | Rs. 18.47 Cr | Rs. 25.36 Cr | Rs. 25.4 Cr | + 0.16 % | + 37.52 % |
| EPS in Rs | Rs. 7.72 | Rs. 10.61 | Rs. 10.62 | + 0.09 % | + 37.56 % |
In reviewing Prakash Pipes Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 16.67 % year-on-year growth, however, there was a minor increase of 24.35 % from the previous quarter. Expenses rose by 12.84 % compared to the previous year, with a 27.79 % increase quarter-on-quarter. Operating Profit surged by 41.83 % annually, and saw a 9.02 % increase from the last quarter.
Net Profit showed yearly increase of 37.52 %, and experienced a 0.16 % increase from the previous quarter. Earnings Per Share (EPS) rose by 37.56 % annually, however rose by 0.09 % compared to the last quarter. In essence, while Prakash Pipes 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.
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