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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 experienced a substantial growth of 25.74 % in the past year, substantial increase in net sales/revenue by 8.99 %.
- 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 45.19 %. Marginal increase in other income during this quarter, up by 98.45%.
- Profit over the Year and quarter: Significant improvement in profitability for Precision Wires India ltd.,. Notable increase of 17.87 % in net profit Year to Year, Precision Wires India ltd.,’s profitability dropped by -13.34 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 18.68 % Year to Year. EPS decreased by -12.9 % 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. 825.284 Cr | Rs. 952.149 Cr | Rs. 1037.75 Cr | + 8.99 % | + 25.74 % |
| Expenses | Rs. 794.26 Cr | Rs. 909.95 Cr | Rs. 1001.53 Cr | + 10.06 % | + 26.1 % |
| Operating Profit | Rs. 31.02 Cr | Rs. 42.2 Cr | Rs. 36.22 Cr | -14.17 % | + 16.76 % |
| OPM % | 3.76 % | 4.43 % | 3.49 % | -0.94 % | -0.27 % |
| Other Income | Rs. 4.158 Cr | Rs. 3.042 Cr | Rs. 6.037 Cr | + 98.45 % | + 45.19 % |
| Interest | Rs. 8.66 Cr | Rs. 10.9 Cr | Rs. 12.01 Cr | + 10.18 % | + 38.68 % |
| Depreciation | Rs. 4.22 Cr | Rs. 4.5 Cr | Rs. 4.38 Cr | -2.67 % | + 3.79 % |
| Profit before tax | Rs. 22.3 Cr | Rs. 29.84 Cr | Rs. 25.87 Cr | -13.3 % | + 16.01 % |
| Tax % | 26.69 % | 25.49 % | 25.52 % | + 0.03 % | -1.17 % |
| Net Profit | Rs. 16.35 Cr | Rs. 22.23 Cr | Rs. 19.27 Cr | -13.32 % | + 17.86 % |
| EPS in Rs | Rs. 0.91 | Rs. 1.24 | Rs. 1.08 | -12.9 % | + 18.68 % |
Today, we’re looking at Precision Wires India ltd.,’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 25.74 %. However, it did see a marginal increase of 8.99 % from the previous quarter. Expenses ticked up slightly by 10.06 % quarter-on-quarter, aligning with the annual rise of 26.1 %. Operating profit, while up 16.76 % compared to last year, faced a quarter-on-quarter dip of -14.17 %, 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 -0.27 %, but a shrinkage of -0.94 % sequentially. Other income rose by 98.45 % compared to the last quarter, despite an annual growth of 45.19 %. Interest expenses surged remarkably by 10.18 % from the previous quarter, yet the year-over-year increase remains at a moderate 38.68 %. Depreciation costs fell by -2.67 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.79 %. Profit before tax grew annually by 16.01 % but saw a reduction from the preceding quarter by -13.3 %.
Tax expenses as a percentage of profits decreased slightly by -1.17 % compared to last year, with a more notable quarter-on-quarter increase of 0.03 %. Net profit rose by 17.86 % year-on-year but witnessed a -13.32 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 18.68 % but a quarterly fall of -12.9 %. 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. 825.284 Cr | Rs. 952.149 Cr | Rs. 1037.75 Cr | + 8.99 % | + 25.74 % |
| Expenses | Rs. 794.26 Cr | Rs. 909.95 Cr | Rs. 1001.53 Cr | + 10.06 % | + 26.1 % |
| Operating Profit | Rs. 31.02 Cr | Rs. 42.2 Cr | Rs. 36.22 Cr | -14.17 % | + 16.76 % |
| Net Profit | Rs. 16.35 Cr | Rs. 22.23 Cr | Rs. 19.27 Cr | -13.32 % | + 17.86 % |
| EPS in Rs | Rs. 0.91 | Rs. 1.24 | Rs. 1.08 | -12.9 % | + 18.68 % |
In reviewing Precision Wires India ltd.,’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 25.74 % year-on-year growth, however, there was a minor increase of 8.99 % from the previous quarter. Expenses rose by 26.1 % compared to the previous year, with a 10.06 % increase quarter-on-quarter. Operating Profit surged by 16.76 % annually, and saw a -14.17 % decrease from the last quarter.
Net Profit showed yearly increase of 17.86 %, and experienced a -13.32 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 18.68 % annually, however dipped by -12.9 % compared to the last quarter. In essence, while Precision Wires India ltd., exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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