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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 10.82 % in the past year, substantial increase in net sales/revenue by 9.82 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -18.8 %, Marginal increase in other income during this quarter, up by 11.82%.
- Profit over the Year and quarter: Significant improvement in profitability for Precision Wires India ltd.,. Notable increase of 70.33 % in net profit Year to Year, Precision Wires India ltd.,’s profitability increased by 21.46 % in this quarter.
- EPS over the Year and quarter: EPS increased by 70.83 % Year to Year. EPS increased by 21.78 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 792.271 Cr | Rs. 799.508 Cr | Rs. 878.034 Cr | + 9.82 % | + 10.82 % |
| Expenses | Rs. 768.57 Cr | Rs. 766.17 Cr | Rs. 840.75 Cr | + 9.73 % | + 9.39 % |
| Operating Profit | Rs. 23.7 Cr | Rs. 33.34 Cr | Rs. 37.28 Cr | + 11.82 % | + 57.3 % |
| OPM % | 2.99 % | 4.17 % | 4.25 % | + 0.08 % | + 1.26 % |
| Other Income | Rs. 7.34 Cr | Rs. 5.33 Cr | Rs. 5.96 Cr | + 11.82 % | -18.8 % |
| Interest | Rs. 9.47 Cr | Rs. 9.24 Cr | Rs. 9.21 Cr | -0.32 % | -2.75 % |
| Depreciation | Rs. 3.53 Cr | Rs. 4.47 Cr | Rs. 4.67 Cr | + 4.47 % | + 32.29 % |
| Profit before tax | Rs. 18.04 Cr | Rs. 24.96 Cr | Rs. 29.36 Cr | + 17.63 % | + 62.75 % |
| Tax % | 28.65 % | 27.68 % | 25.35 % | -2.33 % | -3.3 % |
| Net Profit | Rs. 12.87 Cr | Rs. 18.05 Cr | Rs. 21.92 Cr | + 21.44 % | + 70.32 % |
| EPS in Rs | Rs. 0.72 | Rs. 1.01 | Rs. 1.23 | + 21.78 % | + 70.83 % |
Today, we’re looking at Precision Wires India ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 10.82 %. However, it did see a marginal increase of 9.82 % from the previous quarter. Expenses ticked up slightly by 9.73 % quarter-on-quarter, aligning with the annual rise of 9.39 %. Operating profit, while up 57.3 % compared to last year, faced a quarter-on-quarter increase of 11.82 %, 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 1.26 %, but an expansion of 0.08 % sequentially. Other income rose by 11.82 % compared to the last quarter, despite an annual decline of -18.8 %. Interest expenses dropped significantly by -0.32 % from the previous quarter, yet the year-over-year decrease remains at a moderate -2.75 %. Depreciation costs climbed by 4.47 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 32.29 %. Profit before tax grew annually by 62.75 % but saw an increase from the preceding quarter by 17.63 %.
Tax expenses as a percentage of profits decreased slightly by -3.3 % compared to last year, with a more notable quarter-on-quarter decrease of -2.33 %. Net profit rose by 70.32 % year-on-year but experienced a 21.44 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 70.83 % but a quarterly rise of 21.78 %. In summary, Precision Wires 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. 792.271 Cr | Rs. 799.508 Cr | Rs. 878.034 Cr | + 9.82 % | + 10.82 % |
| Expenses | Rs. 768.57 Cr | Rs. 766.17 Cr | Rs. 840.75 Cr | + 9.73 % | + 9.39 % |
| Operating Profit | Rs. 23.7 Cr | Rs. 33.34 Cr | Rs. 37.28 Cr | + 11.82 % | + 57.3 % |
| Net Profit | Rs. 12.87 Cr | Rs. 18.05 Cr | Rs. 21.92 Cr | + 21.44 % | + 70.32 % |
| EPS in Rs | Rs. 0.72 | Rs. 1.01 | Rs. 1.23 | + 21.78 % | + 70.83 % |
In reviewing Precision Wires India ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 10.82 % year-on-year growth, however, there was a minor increase of 9.82 % from the previous quarter. Expenses rose by 9.39 % compared to the previous year, with a 9.73 % increase quarter-on-quarter. Operating Profit surged by 57.3 % annually, and saw a 11.82 % increase from the last quarter.
Net Profit showed yearly increase of 70.32 %, and experienced a 21.44 % increase from the previous quarter. Earnings Per Share (EPS) rose by 70.83 % annually, however rose by 21.78 % compared to the last quarter. In essence, while Precision Wires 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.
