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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’s sales declined by -15.48 % over the year, substantial increase in net sales/revenue by 17.06 %.
- Income over the Year and quarter: Marginal increase in other income during this quarter, up by 0%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Prakash Woollen & Synthetic Mills Ltd . Profit dropped by -52.19 % Year to Year, Prakash Woollen & Synthetic Mills Ltd ‘s profitability dropped by -138.49 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -51.56 % Year to Year. EPS decreased by -138.75 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 16.403 Cr | Rs. 11.844 Cr | Rs. 13.864 Cr | + 17.06 % | -15.48 % |
| Expenses | Rs. 14.6 Cr | Rs. 8.8 Cr | Rs. 11.84 Cr | + 34.55 % | -18.9 % |
| Operating Profit | Rs. 1.8 Cr | Rs. 3.04 Cr | Rs. 2.02 Cr | -33.55 % | + 12.22 % |
| OPM % | 10.97 % | 25.67 % | 14.57 % | -11.1 % | + 3.6 % |
| Other Income | Rs. 0 Cr | Rs. 0.007 Cr | Rs. 0.007 Cr | + 0 % | 0 % |
| Interest | Rs. 0.83 Cr | Rs. 1.35 Cr | Rs. 1.3 Cr | -3.7 % | + 56.63 % |
| Depreciation | Rs. 1.14 Cr | Rs. 1.56 Cr | Rs. 1.26 Cr | -19.23 % | + 10.53 % |
| Profit before tax | Rs. -0.17 Cr | Rs. 0.14 Cr | Rs. -0.53 Cr | -478.57 % | -211.76 % |
| Tax % | -300.61 % | 447.33 % | -40.49 % | -487.82 % | + 260.12 % |
| Net Profit | Rs. -0.66 Cr | Rs. 0.82 Cr | Rs. -0.32 Cr | -139.02 % | + 51.52 % |
| EPS in Rs | Rs. -0.64 | Rs. 0.8 | Rs. -0.31 | -138.75 % | + 51.56 % |
Today, we’re looking at Prakash Woollen & Synthetic Mills Ltd ‘s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -15.48 %. However, it did see a marginal increase of 17.06 % from the previous quarter. Expenses ticked up slightly by 34.55 % quarter-on-quarter, aligning with the annual decline of -18.9 %. Operating profit, while up 12.22 % compared to last year, faced a quarter-on-quarter dip of -33.55 %, 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 3.6 %, but a shrinkage of -11.1 % sequentially. Other income rose by 0 % compared to the last quarter, Interest expenses dropped significantly by -3.7 % from the previous quarter, yet the year-over-year increase remains at a moderate 56.63 %. Depreciation costs fell by -19.23 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 10.53 %. Profit before tax declined annually by -211.76 % but saw a reduction from the preceding quarter by -478.57 %.
Tax expenses as a percentage of profits increased slightly by 260.12 % compared to last year, with a more notable quarter-on-quarter decrease of -487.82 %. Net profit rose by 51.52 % year-on-year but witnessed a -139.02 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 51.56 % but a quarterly fall of -138.75 %. In summary, Prakash Woollen & Synthetic Mills 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. 16.403 Cr | Rs. 11.844 Cr | Rs. 13.864 Cr | + 17.06 % | -15.48 % |
| Expenses | Rs. 14.6 Cr | Rs. 8.8 Cr | Rs. 11.84 Cr | + 34.55 % | -18.9 % |
| Operating Profit | Rs. 1.8 Cr | Rs. 3.04 Cr | Rs. 2.02 Cr | -33.55 % | + 12.22 % |
| Net Profit | Rs. -0.66 Cr | Rs. 0.82 Cr | Rs. -0.32 Cr | -139.02 % | + 51.52 % |
| EPS in Rs | Rs. -0.64 | Rs. 0.8 | Rs. -0.31 | -138.75 % | + 51.56 % |
In reviewing Prakash Woollen & Synthetic Mills Ltd ‘s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -15.48 % year-on-year, however, there was a minor increase of 17.06 % from the previous quarter. Expenses decreased by -18.9 % compared to the previous year, with a 34.55 % increase quarter-on-quarter. Operating Profit surged by 12.22 % annually, and saw a -33.55 % decrease from the last quarter.
Net Profit showed yearly increase of 51.52 %, and experienced a -139.02 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 51.56 % annually, however dipped by -138.75 % compared to the last quarter. In essence, while Prakash Woollen & Synthetic Mills 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.
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