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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’s sales declined by -30.36 % over the year, substantial increase in net sales/revenue by 21.82 %.
- 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 16.67 %. Marginal decrease of -99.22% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Prima Industries Ltd.. Profit dropped by -149.44 % Year to Year, Prima Industries Ltd.’s profitability dropped by -143.32 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -148.00 % Year to Year. EPS decreased by -142.86 % 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. 2.309 Cr | Rs. 1.32 Cr | Rs. 1.608 Cr | + 21.82 % | -30.36 % |
| Expenses | Rs. 1.74 Cr | Rs. 2.23 Cr | Rs. 1.6 Cr | -28.25 % | -8.05 % |
| Operating Profit | Rs. 0.57 Cr | Rs. -0.91 Cr | Rs. 0.01 Cr | + 101.1 % | -98.25 % |
| OPM % | 24.69 % | -68.94 % | 0.62 % | + 69.56 % | -24.07 % |
| Other Income | Rs. 0.012 Cr | Rs. 1.79 Cr | Rs. 0.014 Cr | -99.22 % | + 16.67 % |
| Interest | Rs. 0 Cr | Rs. 0.03 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.21 Cr | Rs. 0.01 Cr | Rs. 0.16 Cr | + 1500 % | -23.81 % |
| Profit before tax | Rs. 0.37 Cr | Rs. 0.84 Cr | Rs. -0.14 Cr | -116.67 % | -137.84 % |
| Tax % | 27.69 % | 63.32 % | -0 % | -63.32 % | -27.69 % |
| Net Profit | Rs. 0.27 Cr | Rs. 0.31 Cr | Rs. -0.13 Cr | -141.94 % | -148.15 % |
| EPS in Rs | Rs. 0.25 | Rs. 0.28 | Rs. -0.12 | -142.86 % | -148 % |
Today, we’re looking at Prima Industries Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -30.36 %. However, it did see a marginal increase of 21.82 % from the previous quarter. Expenses decreased slightly by -28.25 % quarter-on-quarter, aligning with the annual decline of -8.05 %. Operating profit, while down -98.25 % compared to last year, faced a quarter-on-quarter increase of 101.1 %, 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 -24.07 %, but an expansion of 69.56 % sequentially. Other income fell by -99.22 % compared to the last quarter, despite an annual growth of 16.67 %. Depreciation costs climbed by 1500 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -23.81 %. Profit before tax declined annually by -137.84 % but saw a reduction from the preceding quarter by -116.67 %.
Tax expenses as a percentage of profits decreased slightly by -27.69 % compared to last year, with a more notable quarter-on-quarter decrease of -63.32 %. Net profit fell by -148.15 % year-on-year but witnessed a -141.94 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -148 % but a quarterly fall of -142.86 %. In summary, Prima Industries 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. 2.309 Cr | Rs. 1.32 Cr | Rs. 1.608 Cr | + 21.82 % | -30.36 % |
| Expenses | Rs. 1.74 Cr | Rs. 2.23 Cr | Rs. 1.6 Cr | -28.25 % | -8.05 % |
| Operating Profit | Rs. 0.57 Cr | Rs. -0.91 Cr | Rs. 0.01 Cr | + 101.1 % | -98.25 % |
| Net Profit | Rs. 0.27 Cr | Rs. 0.31 Cr | Rs. -0.13 Cr | -141.94 % | -148.15 % |
| EPS in Rs | Rs. 0.25 | Rs. 0.28 | Rs. -0.12 | -142.86 % | -148 % |
In reviewing Prima Industries Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -30.36 % year-on-year, however, there was a minor increase of 21.82 % from the previous quarter. Expenses decreased by -8.05 % compared to the previous year, with a decrease of -28.25 % quarter-on-quarter. Operating Profit dropped by -98.25 % annually, and saw a 101.1 % increase from the last quarter.
Net Profit showed yearly decrease of -148.15 %, and experienced a -141.94 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -148 % annually, however dipped by -142.86 % compared to the last quarter. In essence, while Prima Industries 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.
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