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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 -4.11 % over the year, decrease in net sales/revenue by -3.82 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -6.03 %, Marginal increase in other income during this quarter, up by 18.67%.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 170.892 Cr | Rs. 170.365 Cr | Rs. 163.86 Cr | -3.82 % | -4.11 % |
| Expenses | Rs. 143.24 Cr | Rs. 144.62 Cr | Rs. 148.07 Cr | + 2.39 % | + 3.37 % |
| Operating Profit | Rs. 27.65 Cr | Rs. 25.75 Cr | Rs. 15.79 Cr | -38.68 % | -42.89 % |
| OPM % | 16.18 % | 15.11 % | 9.64 % | -5.47 % | -6.54 % |
| Other Income | Rs. 7.38 Cr | Rs. 5.844 Cr | Rs. 6.935 Cr | + 18.67 % | -6.03 % |
| Interest | Rs. 0.99 Cr | Rs. 1.16 Cr | Rs. 1.02 Cr | -12.07 % | + 3.03 % |
| Depreciation | Rs. 9.2 Cr | Rs. 10.23 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. 24.84 Cr | Rs. 20.2 Cr | Rs. 21.71 Cr | + 7.48 % | -12.6 % |
| Tax % | 20.96 % | 24.18 % | 17.07 % | -7.11 % | -3.89 % |
| Net Profit | Rs. 19.63 Cr | Rs. 15.32 Cr | Rs. 0 Cr | 0 % | 0 % |
| EPS in Rs | Rs. 2.07 | Rs. 1.61 | Rs. 1.9 | + 18.01 % | -8.21 % |
Today, we’re looking at Precision Camshafts Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -4.11 %. However, it did see a marginal slip of -3.82 % from the previous quarter. Expenses ticked up slightly by 2.39 % quarter-on-quarter, aligning with the annual rise of 3.37 %. Operating profit, while down -42.89 % compared to last year, faced a quarter-on-quarter dip of -38.68 %, 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 -6.54 %, but a shrinkage of -5.47 % sequentially. Other income rose by 18.67 % compared to the last quarter, despite an annual decline of -6.03 %. Interest expenses dropped significantly by -12.07 % from the previous quarter, yet the year-over-year increase remains at a moderate 3.03 %. Profit before tax declined annually by -12.6 % but saw an increase from the preceding quarter by 7.48 %.
Tax expenses as a percentage of profits decreased slightly by -3.89 % compared to last year, with a more notable quarter-on-quarter decrease of -7.11 %. And finally, Earnings Per Share (EPS) displayed an annual downturn of -8.21 % but a quarterly rise of 18.01 %. In summary, Precision Camshafts 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. 170.892 Cr | Rs. 170.365 Cr | Rs. 163.86 Cr | -3.82 % | -4.11 % |
| Expenses | Rs. 143.24 Cr | Rs. 144.62 Cr | Rs. 148.07 Cr | + 2.39 % | + 3.37 % |
| Operating Profit | Rs. 27.65 Cr | Rs. 25.75 Cr | Rs. 15.79 Cr | -38.68 % | -42.89 % |
| Net Profit | Rs. 19.63 Cr | Rs. 15.32 Cr | Rs. 0 Cr | 0 % | 0 % |
| EPS in Rs | Rs. 2.07 | Rs. 1.61 | Rs. 1.9 | + 18.01 % | -8.21 % |
In reviewing Precision Camshafts Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -4.11 % year-on-year, although there was a slight dip of -3.82 % from the previous quarter. Expenses rose by 3.37 % compared to the previous year, with a 2.39 % increase quarter-on-quarter. Operating Profit dropped by -42.89 % annually, and saw a -38.68 % decrease from the last quarter.
Earnings Per Share (EPS) fell by -8.21 % annually, however rose by 18.01 % compared to the last quarter. In essence, while Precision Camshafts 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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