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Highlights
- Sales over the Year and quarter: The company’s sales declined by -17.97 % over the year, decrease in net sales/revenue by -0.51 %.
- 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 1283.33 %. Marginal increase in other income during this quarter, up by 1560%.
- Profit over the Year and quarter: Significant improvement in profitability for Prakash Steelage Limited. Notable increase of 42137.35 % in net profit Year to Year, Prakash Steelage Limited’s profitability increased by 3370.99 % in this quarter.
- EPS over the Year and quarter: EPS increased by 3233.33 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 31.37 Cr | Rs. 25.865 Cr | Rs. 25.734 Cr | -0.51 % | -17.97 % |
| Expenses | Rs. 32.09 Cr | Rs. 24.59 Cr | Rs. 25.69 Cr | + 4.47 % | -19.94 % |
| Operating Profit | Rs. -0.72 Cr | Rs. 1.28 Cr | Rs. 0.04 Cr | -96.88 % | + 105.56 % |
| OPM % | -2.3 % | 4.95 % | 0.16 % | -4.79 % | + 2.46 % |
| Other Income | Rs. 0.06 Cr | Rs. 0.05 Cr | Rs. 0.83 Cr | + 1560 % | + 1283.33 % |
| Interest | Rs. 0.09 Cr | Rs. 0.07 Cr | Rs. 0.03 Cr | -57.14 % | -66.67 % |
| Depreciation | Rs. 0.23 Cr | Rs. 0.22 Cr | Rs. 0.23 Cr | + 4.55 % | + 0 % |
| Profit before tax | Rs. -0.98 Cr | Rs. 1.04 Cr | Rs. 0.61 Cr | -41.35 % | + 162.24 % |
| Tax % | -108.5 % | 2.98 % | 0.91 % | -2.07 % | + 109.41 % |
| Net Profit | Rs. 0.08 Cr | Rs. 1.01 Cr | Rs. 35.06 Cr | + 3371.29 % | + 43725 % |
| EPS in Rs | Rs. 0 | Rs. 0.06 | Rs. 2 | + 3233.33 % | 0 % |
Today, we’re looking at Prakash Steelage Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -17.97 %. However, it did see a marginal slip of -0.51 % from the previous quarter. Expenses ticked up slightly by 4.47 % quarter-on-quarter, aligning with the annual decline of -19.94 %. Operating profit, while up 105.56 % compared to last year, faced a quarter-on-quarter dip of -96.88 %, 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 2.46 %, but a shrinkage of -4.79 % sequentially. Other income rose by 1560 % compared to the last quarter, despite an annual growth of 1283.33 %. Interest expenses dropped significantly by -57.14 % from the previous quarter, yet the year-over-year decrease remains at a moderate -66.67 %. Depreciation costs climbed by 4.55 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 162.24 % but saw a reduction from the preceding quarter by -41.35 %.
Tax expenses as a percentage of profits increased slightly by 109.41 % compared to last year, with a more notable quarter-on-quarter decrease of -2.07 %. Net profit rose by 43725 % year-on-year but experienced a 3371.29 % expansion from the last quarter. but a quarterly rise of 3233.33 %. In summary, Prakash Steelage 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. 31.37 Cr | Rs. 25.865 Cr | Rs. 25.734 Cr | -0.51 % | -17.97 % |
| Expenses | Rs. 32.09 Cr | Rs. 24.59 Cr | Rs. 25.69 Cr | + 4.47 % | -19.94 % |
| Operating Profit | Rs. -0.72 Cr | Rs. 1.28 Cr | Rs. 0.04 Cr | -96.88 % | + 105.56 % |
| Net Profit | Rs. 0.08 Cr | Rs. 1.01 Cr | Rs. 35.06 Cr | + 3371.29 % | + 43725 % |
| EPS in Rs | Rs. 0 | Rs. 0.06 | Rs. 2 | + 3233.33 % | 0 % |
In reviewing Prakash Steelage Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -17.97 % year-on-year, although there was a slight dip of -0.51 % from the previous quarter. Expenses decreased by -19.94 % compared to the previous year, with a 4.47 % increase quarter-on-quarter. Operating Profit surged by 105.56 % annually, and saw a -96.88 % decrease from the last quarter.
Net Profit showed yearly increase of 43725 %, and experienced a 3371.29 % increase from the previous quarter. however rose by 3233.33 % compared to the last quarter. In essence, while Prakash Steelage 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.
