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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 95.53 % in the past year, decrease in net sales/revenue by -28.06 %.
- 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 168.68 %. Marginal increase in other income during this quarter, up by 32.14%.
- Profit over the Year and quarter: Challenges in sustaining profitability for PRAVEG LIMITED. Profit dropped by -34.67 % Year to Year, PRAVEG LIMITED’s profitability dropped by -53.48 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -43.40 % Year to Year. EPS decreased by -58.9 % 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. 11.966 Cr | Rs. 32.523 Cr | Rs. 23.397 Cr | -28.06 % | + 95.53 % |
| Expenses | Rs. 7.5 Cr | Rs. 24.03 Cr | Rs. 17.06 Cr | -29.01 % | + 127.47 % |
| Operating Profit | Rs. 4.47 Cr | Rs. 8.49 Cr | Rs. 6.34 Cr | -25.32 % | + 41.83 % |
| OPM % | 37.36 % | 26.1 % | 27.1 % | + 1 % | -10.26 % |
| Other Income | Rs. 0.479 Cr | Rs. 0.974 Cr | Rs. 1.287 Cr | + 32.14 % | + 168.68 % |
| Interest | Rs. 0.06 Cr | Rs. 1.66 Cr | Rs. 1.64 Cr | -1.2 % | + 2633.33 % |
| Depreciation | Rs. 3.24 Cr | Rs. 1.34 Cr | Rs. 4.96 Cr | + 270.15 % | + 53.09 % |
| Profit before tax | Rs. 1.65 Cr | Rs. 6.46 Cr | Rs. 1.03 Cr | -84.06 % | -37.58 % |
| Tax % | 28.91 % | 74.64 % | 25.2 % | -49.44 % | -3.71 % |
| Net Profit | Rs. 1.17 Cr | Rs. 1.64 Cr | Rs. 0.76 Cr | -53.66 % | -35.04 % |
| EPS in Rs | Rs. 0.51 | Rs. 0.71 | Rs. 0.3 | -57.75 % | -41.18 % |
Today, we’re looking at PRAVEG 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 95.53 %. However, it did see a marginal slip of -28.06 % from the previous quarter. Expenses decreased slightly by -29.01 % quarter-on-quarter, aligning with the annual rise of 127.47 %. Operating profit, while up 41.83 % compared to last year, faced a quarter-on-quarter dip of -25.32 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -10.26 %, but an expansion of 1 % sequentially. Other income rose by 32.14 % compared to the last quarter, despite an annual growth of 168.68 %. Interest expenses dropped significantly by -1.2 % from the previous quarter, yet the year-over-year increase remains at a moderate 2633.33 %. Depreciation costs climbed by 270.15 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 53.09 %. Profit before tax declined annually by -37.58 % but saw a reduction from the preceding quarter by -84.06 %.
Tax expenses as a percentage of profits decreased slightly by -3.71 % compared to last year, with a more notable quarter-on-quarter decrease of -49.44 %. Net profit fell by -35.04 % year-on-year but witnessed a -53.66 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -41.18 % but a quarterly fall of -57.75 %. In summary, PRAVEG 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. 11.966 Cr | Rs. 32.523 Cr | Rs. 23.397 Cr | -28.06 % | + 95.53 % |
| Expenses | Rs. 7.5 Cr | Rs. 24.03 Cr | Rs. 17.06 Cr | -29.01 % | + 127.47 % |
| Operating Profit | Rs. 4.47 Cr | Rs. 8.49 Cr | Rs. 6.34 Cr | -25.32 % | + 41.83 % |
| Net Profit | Rs. 1.17 Cr | Rs. 1.64 Cr | Rs. 0.76 Cr | -53.66 % | -35.04 % |
| EPS in Rs | Rs. 0.51 | Rs. 0.71 | Rs. 0.3 | -57.75 % | -41.18 % |
In reviewing PRAVEG LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 95.53 % year-on-year growth, although there was a slight dip of -28.06 % from the previous quarter. Expenses rose by 127.47 % compared to the previous year, with a decrease of -29.01 % quarter-on-quarter. Operating Profit surged by 41.83 % annually, and saw a -25.32 % decrease from the last quarter.
Net Profit showed yearly decrease of -35.04 %, and experienced a -53.66 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -41.18 % annually, however dipped by -57.75 % compared to the last quarter. In essence, while PRAVEG LIMITED faces strong annual decline 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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