Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 5.43 % in the past year, substantial increase in net sales/revenue by 25.46 %.
- 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 67.16 %. Marginal decrease of -27.27% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Premco Global Ltd.. Notable increase of 84.06 % in net profit Year to Year, Premco Global Ltd.’s profitability increased by 38.76 % in this quarter.
- EPS over the Year and quarter: EPS increased by 59.53 % Year to Year. EPS increased by 38.81 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 25.987 Cr | Rs. 21.839 Cr | Rs. 27.399 Cr | + 25.46 % | + 5.43 % |
| Expenses | Rs. 20.58 Cr | Rs. 19.25 Cr | Rs. 22.66 Cr | + 17.71 % | + 10.11 % |
| Operating Profit | Rs. 5.41 Cr | Rs. 2.59 Cr | Rs. 4.74 Cr | + 83.01 % | -12.38 % |
| OPM % | 20.82 % | 11.86 % | 17.3 % | + 5.44 % | -3.52 % |
| Other Income | Rs. 0.67 Cr | Rs. 1.54 Cr | Rs. 1.12 Cr | -27.27 % | + 67.16 % |
| Interest | Rs. 0.58 Cr | Rs. 0.44 Cr | Rs. 0.66 Cr | + 50 % | + 13.79 % |
| Depreciation | Rs. 1.43 Cr | Rs. 1.3 Cr | Rs. 1.25 Cr | -3.85 % | -12.59 % |
| Profit before tax | Rs. 4.07 Cr | Rs. 2.39 Cr | Rs. 3.95 Cr | + 65.27 % | -2.95 % |
| Tax % | 35.07 % | 11.89 % | 26.42 % | + 14.53 % | -8.65 % |
| Net Profit | Rs. 1.59 Cr | Rs. 2.11 Cr | Rs. 2.93 Cr | + 38.86 % | + 84.28 % |
| EPS in Rs | Rs. 5.56 | Rs. 6.39 | Rs. 8.87 | + 38.81 % | + 59.53 % |
Today, we’re looking at Premco Global 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 5.43 %. However, it did see a marginal increase of 25.46 % from the previous quarter. Expenses ticked up slightly by 17.71 % quarter-on-quarter, aligning with the annual rise of 10.11 %. Operating profit, while down -12.38 % compared to last year, faced a quarter-on-quarter increase of 83.01 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -3.52 %, but an expansion of 5.44 % sequentially. Other income fell by -27.27 % compared to the last quarter, despite an annual growth of 67.16 %. Interest expenses surged remarkably by 50 % from the previous quarter, yet the year-over-year increase remains at a moderate 13.79 %. Depreciation costs fell by -3.85 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -12.59 %. Profit before tax declined annually by -2.95 % but saw an increase from the preceding quarter by 65.27 %.
Tax expenses as a percentage of profits decreased slightly by -8.65 % compared to last year, with a more notable quarter-on-quarter increase of 14.53 %. Net profit rose by 84.28 % year-on-year but experienced a 38.86 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 59.53 % but a quarterly rise of 38.81 %. 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. 25.987 Cr | Rs. 21.839 Cr | Rs. 27.399 Cr | + 25.46 % | + 5.43 % |
| Expenses | Rs. 20.58 Cr | Rs. 19.25 Cr | Rs. 22.66 Cr | + 17.71 % | + 10.11 % |
| Operating Profit | Rs. 5.41 Cr | Rs. 2.59 Cr | Rs. 4.74 Cr | + 83.01 % | -12.38 % |
| Net Profit | Rs. 1.59 Cr | Rs. 2.11 Cr | Rs. 2.93 Cr | + 38.86 % | + 84.28 % |
| EPS in Rs | Rs. 5.56 | Rs. 6.39 | Rs. 8.87 | + 38.81 % | + 59.53 % |
In reviewing Premco Global Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.43 % year-on-year growth, however, there was a minor increase of 25.46 % from the previous quarter. Expenses rose by 10.11 % compared to the previous year, with a 17.71 % increase quarter-on-quarter. Operating Profit dropped by -12.38 % annually, and saw a 83.01 % increase from the last quarter.
Net Profit showed yearly increase of 84.28 %, and experienced a 38.86 % increase from the previous quarter. Earnings Per Share (EPS) rose by 59.53 % annually, however rose by 38.81 % compared to the last quarter. In essence, while Premco Global 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.
