Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 5.67 % in the past year, substantial increase in net sales/revenue by 4.1 %.
- 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 1077.5 %. Marginal increase in other income during this quarter, up by 6.8%.
- Profit over the Year and quarter: Significant improvement in profitability for Prakash Pipes Limited. Notable increase of 28.34 % in net profit Year to Year, Prakash Pipes Limited’s profitability increased by 9.59 % in this quarter.
- EPS over the Year and quarter: EPS increased by 28.30 % Year to Year. EPS increased by 9.72 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 155.87 Cr | Rs. 158.22 Cr | Rs. 164.71 Cr | + 4.1 % | + 5.67 % |
| Expenses | Rs. 137.02 Cr | Rs. 128.34 Cr | Rs. 134.54 Cr | + 4.83 % | -1.81 % |
| Operating Profit | Rs. 18.85 Cr | Rs. 29.88 Cr | Rs. 30.17 Cr | + 0.97 % | + 60.05 % |
| OPM % | 12.09 % | 18.89 % | 18.32 % | -0.57 % | + 6.23 % |
| Other Income | Rs. 0.4 Cr | Rs. 4.41 Cr | Rs. 4.71 Cr | + 6.8 % | + 1077.5 % |
| Interest | Rs. 0.38 Cr | Rs. 1.62 Cr | Rs. 1.45 Cr | -10.49 % | + 281.58 % |
| Depreciation | Rs. 2.12 Cr | Rs. 2.46 Cr | Rs. 2.52 Cr | + 2.44 % | + 18.87 % |
| Profit before tax | Rs. 16.75 Cr | Rs. 30.21 Cr | Rs. 30.91 Cr | + 2.32 % | + 84.54 % |
| Tax % | 17.97 % | 23.4 % | 17.96 % | -5.44 % | -0.01 % |
| Net Profit | Rs. 19.76 Cr | Rs. 23.14 Cr | Rs. 25.36 Cr | + 9.59 % | + 28.34 % |
| EPS in Rs | Rs. 9.02 | Rs. 9.67 | Rs. 10.61 | + 9.72 % | + 17.63 % |
Today, we’re looking at Prakash Pipes Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 5.67 %. However, it did see a marginal increase of 4.1 % from the previous quarter. Expenses ticked up slightly by 4.83 % quarter-on-quarter, aligning with the annual decline of -1.81 %. Operating profit, while up 60.05 % compared to last year, faced a quarter-on-quarter increase of 0.97 %, 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 6.23 %, but a shrinkage of -0.57 % sequentially. Other income rose by 6.8 % compared to the last quarter, despite an annual growth of 1077.5 %. Interest expenses dropped significantly by -10.49 % from the previous quarter, yet the year-over-year increase remains at a moderate 281.58 %. Depreciation costs climbed by 2.44 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 18.87 %. Profit before tax grew annually by 84.54 % but saw an increase from the preceding quarter by 2.32 %.
Tax expenses as a percentage of profits decreased slightly by -0.01 % compared to last year, with a more notable quarter-on-quarter decrease of -5.44 %. Net profit rose by 28.34 % year-on-year but experienced a 9.59 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 17.63 % but a quarterly rise of 9.72 %. 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. 155.87 Cr | Rs. 158.22 Cr | Rs. 164.71 Cr | + 4.1 % | + 5.67 % |
| Expenses | Rs. 137.02 Cr | Rs. 128.34 Cr | Rs. 134.54 Cr | + 4.83 % | -1.81 % |
| Operating Profit | Rs. 18.85 Cr | Rs. 29.88 Cr | Rs. 30.17 Cr | + 0.97 % | + 60.05 % |
| Net Profit | Rs. 19.76 Cr | Rs. 23.14 Cr | Rs. 25.36 Cr | + 9.59 % | + 28.34 % |
| EPS in Rs | Rs. 9.02 | Rs. 9.67 | Rs. 10.61 | + 9.72 % | + 17.63 % |
In reviewing Prakash Pipes Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.67 % year-on-year growth, however, there was a minor increase of 4.1 % from the previous quarter. Expenses decreased by -1.81 % compared to the previous year, with a 4.83 % increase quarter-on-quarter. Operating Profit surged by 60.05 % annually, and saw a 0.97 % increase from the last quarter.
Net Profit showed yearly increase of 28.34 %, and experienced a 9.59 % increase from the previous quarter. Earnings Per Share (EPS) rose by 17.63 % annually, however rose by 9.72 % 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.
