Share the post "Prashant India ‘s Latest Q1 Report: Profit Up by 26.67% Year-on-Year"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- 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 562.5 %. Marginal increase in other income during this quarter, up by 35.9%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Prashant India Ltd. Profit dropped by -28.76 % Year to Year, Prashant India Ltd’s profitability dropped by -18.66 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -27.78 % Year to Year. EPS decreased by -18.75 % 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. 0.144 Cr | Rs. 0.057 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.28 Cr | Rs. 0.21 Cr | Rs. 0.14 Cr | -33.33 % | -50 % |
| Operating Profit | Rs. -0.14 Cr | Rs. -0.15 Cr | Rs. -0.14 Cr | + 6.67 % | + 0 % |
| OPM % | -97.22 % | -263.16 % | 0 % | + 263.16 % | + 97.22 % |
| Other Income | Rs. 0.008 Cr | Rs. 0.039 Cr | Rs. 0.053 Cr | + 35.9 % | + 562.5 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.02 Cr | Rs. 0.02 Cr | Rs. 0.02 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. -0.15 Cr | Rs. -0.13 Cr | Rs. -0.11 Cr | + 15.38 % | + 26.67 % |
| Tax % | -0 % | -0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -0.15 Cr | Rs. -0.13 Cr | Rs. -0.11 Cr | + 15.38 % | + 26.67 % |
| EPS in Rs | Rs. -0.36 | Rs. -0.32 | Rs. -0.26 | + 18.75 % | + 27.78 % |
Today, we’re looking at Prashant India Ltd’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -33.33 % quarter-on-quarter, aligning with the annual decline of -50 %. Operating profit, while up 0 % compared to last year, faced a quarter-on-quarter increase of 6.67 %, 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 97.22 %, but an expansion of 263.16 % sequentially. Other income rose by 35.9 % compared to the last quarter, despite an annual growth of 562.5 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 26.67 % but saw an increase from the preceding quarter by 15.38 %.
Net profit rose by 26.67 % year-on-year but experienced a 15.38 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 27.78 % but a quarterly rise of 18.75 %. In summary, Prashant India 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. 0.144 Cr | Rs. 0.057 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.28 Cr | Rs. 0.21 Cr | Rs. 0.14 Cr | -33.33 % | -50 % |
| Operating Profit | Rs. -0.14 Cr | Rs. -0.15 Cr | Rs. -0.14 Cr | + 6.67 % | + 0 % |
| Net Profit | Rs. -0.15 Cr | Rs. -0.13 Cr | Rs. -0.11 Cr | + 15.38 % | + 26.67 % |
| EPS in Rs | Rs. -0.36 | Rs. -0.32 | Rs. -0.26 | + 18.75 % | + 27.78 % |
In reviewing Prashant India Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses decreased by -50 % compared to the previous year, with a decrease of -33.33 % quarter-on-quarter. Operating Profit surged by 0 % annually, and saw a 6.67 % increase from the last quarter.
Net Profit showed yearly increase of 26.67 %, and experienced a 15.38 % increase from the previous quarter. Earnings Per Share (EPS) rose by 27.78 % annually, however rose by 18.75 % compared to the last quarter. In essence, while Prashant India 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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