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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 10.45 % in the past year, decrease in net sales/revenue by -0.68 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -14.45 %, Marginal increase in other income during this quarter, up by 11.77%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Premco Global Ltd.. Profit dropped by -2.42 % Year to Year, Premco Global Ltd.’s profitability increased by 1.94 % in this quarter.
- EPS over the Year and quarter: EPS declined by -2.48 % Year to Year. EPS increased by 1.92 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 24.638 Cr | Rs. 27.399 Cr | Rs. 27.213 Cr | -0.68 % | + 10.45 % |
Expenses | Rs. 20.53 Cr | Rs. 22.66 Cr | Rs. 23.07 Cr | + 1.81 % | + 12.37 % |
Operating Profit | Rs. 4.11 Cr | Rs. 4.74 Cr | Rs. 4.14 Cr | -12.66 % | + 0.73 % |
OPM % | 16.68 % | 17.3 % | 15.21 % | -2.09 % | -1.47 % |
Other Income | Rs. 1.509 Cr | Rs. 1.155 Cr | Rs. 1.291 Cr | + 11.77 % | -14.45 % |
Interest | Rs. 0.56 Cr | Rs. 0.66 Cr | Rs. 0.56 Cr | -15.15 % | + 0 % |
Depreciation | Rs. 1.29 Cr | Rs. 1.25 Cr | Rs. 1.35 Cr | + 8 % | + 4.65 % |
Profit before tax | Rs. 3.77 Cr | Rs. 3.99 Cr | Rs. 3.52 Cr | -11.78 % | -6.63 % |
Tax % | 18.56 % | 26.42 % | 15.21 % | -11.21 % | -3.35 % |
Net Profit | Rs. 3.06 Cr | Rs. 2.93 Cr | Rs. 2.99 Cr | + 2.05 % | -2.29 % |
EPS in Rs | Rs. 9.27 | Rs. 8.87 | Rs. 9.04 | + 1.92 % | -2.48 % |
Today, we’re looking at Premco Global Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 10.45 %. However, it did see a marginal slip of -0.68 % from the previous quarter. Expenses ticked up slightly by 1.81 % quarter-on-quarter, aligning with the annual rise of 12.37 %. Operating profit, while up 0.73 % compared to last year, faced a quarter-on-quarter dip of -12.66 %, 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 -1.47 %, but a shrinkage of -2.09 % sequentially. Other income rose by 11.77 % compared to the last quarter, despite an annual decline of -14.45 %. Interest expenses dropped significantly by -15.15 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs climbed by 8 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.65 %. Profit before tax declined annually by -6.63 % but saw a reduction from the preceding quarter by -11.78 %.
Tax expenses as a percentage of profits decreased slightly by -3.35 % compared to last year, with a more notable quarter-on-quarter decrease of -11.21 %. Net profit fell by -2.29 % year-on-year but experienced a 2.05 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -2.48 % but a quarterly rise of 1.92 %. In summary, Premco Global 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. 24.638 Cr | Rs. 27.399 Cr | Rs. 27.213 Cr | -0.68 % | + 10.45 % |
Expenses | Rs. 20.53 Cr | Rs. 22.66 Cr | Rs. 23.07 Cr | + 1.81 % | + 12.37 % |
Operating Profit | Rs. 4.11 Cr | Rs. 4.74 Cr | Rs. 4.14 Cr | -12.66 % | + 0.73 % |
Net Profit | Rs. 3.06 Cr | Rs. 2.93 Cr | Rs. 2.99 Cr | + 2.05 % | -2.29 % |
EPS in Rs | Rs. 9.27 | Rs. 8.87 | Rs. 9.04 | + 1.92 % | -2.48 % |
In reviewing Premco Global Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 10.45 % year-on-year growth, although there was a slight dip of -0.68 % from the previous quarter. Expenses rose by 12.37 % compared to the previous year, with a 1.81 % increase quarter-on-quarter. Operating Profit surged by 0.73 % annually, and saw a -12.66 % decrease from the last quarter.
Net Profit showed yearly decrease of -2.29 %, and experienced a 2.05 % increase from the previous quarter. Earnings Per Share (EPS) fell by -2.48 % annually, however rose by 1.92 % compared to the last quarter. In essence, while Premco Global Ltd. 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.