Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 24.01 % in the past year, substantial increase in net sales/revenue by 70.12 %.
- Income over the Year and quarter:
- Profit over the Year and quarter: Challenges in sustaining profitability for Prime Securities Limited. Profit dropped by -182.96 % Year to Year, Prime Securities Limited’s profitability increased by 127.9 % in this quarter.
- EPS over the Year and quarter: EPS declined by -219.05 % Year to Year. EPS increased by 455.56 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 10.338 Cr | Rs. 7.536 Cr | Rs. 12.82 Cr | + 70.12 % | + 24.01 % |
| Expenses | Rs. 9.75 Cr | Rs. 7.12 Cr | Rs. 10.26 Cr | + 44.1 % | + 5.23 % |
| Operating Profit | Rs. 0.59 Cr | Rs. 0.42 Cr | Rs. 2.56 Cr | + 509.52 % | + 333.9 % |
| OPM % | 5.71 % | 5.57 % | 19.97 % | + 14.4 % | + 14.26 % |
| Other Income | Rs. 1.41 Cr | Rs. 2.78 Cr | Rs. 0 Cr | + 0 % | + 0 % |
| Interest | Rs. 0.47 Cr | Rs. 1.48 Cr | Rs. 0.02 Cr | -98.65 % | -95.74 % |
| Depreciation | Rs. 0.75 Cr | Rs. 1 Cr | Rs. 0.25 Cr | -75 % | -66.67 % |
| Profit before tax | Rs. 0.78 Cr | Rs. 0.72 Cr | Rs. 2.29 Cr | + 218.06 % | + 193.59 % |
| Tax % | 314.58 % | 0.8 % | 27.95 % | + 27.15 % | -286.63 % |
| Net Profit | Rs. -1.99 Cr | Rs. 0.72 Cr | Rs. 1.65 Cr | + 129.17 % | + 182.91 % |
| EPS in Rs | Rs. -0.42 | Rs. 0.09 | Rs. 0.5 | + 455.56 % | + 219.05 % |
Today, we’re looking at Prime Securities Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 24.01 %. However, it did see a marginal increase of 70.12 % from the previous quarter. Expenses ticked up slightly by 44.1 % quarter-on-quarter, aligning with the annual rise of 5.23 %. Operating profit, while up 333.9 % compared to last year, faced a quarter-on-quarter increase of 509.52 %, 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 14.26 %, but an expansion of 14.4 % sequentially. Other income rose by 164.75 % compared to the last quarter, despite an annual growth of 421.99 %. Interest expenses dropped significantly by -98.65 % from the previous quarter, yet the year-over-year decrease remains at a moderate -95.74 %. Depreciation costs fell by -75 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -66.67 %. Profit before tax grew annually by 193.59 % but saw an increase from the preceding quarter by 218.06 %.
Tax expenses as a percentage of profits decreased slightly by -286.63 % compared to last year, with a more notable quarter-on-quarter increase of 27.15 %. Net profit rose by 182.91 % year-on-year but experienced a 129.17 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 219.05 % but a quarterly rise of 455.56 %. In summary, Prime Securities Limited’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. 10.338 Cr | Rs. 7.536 Cr | Rs. 12.82 Cr | + 70.12 % | + 24.01 % |
| Expenses | Rs. 9.75 Cr | Rs. 7.12 Cr | Rs. 10.26 Cr | + 44.1 % | + 5.23 % |
| Operating Profit | Rs. 0.59 Cr | Rs. 0.42 Cr | Rs. 2.56 Cr | + 509.52 % | + 333.9 % |
| Net Profit | Rs. -1.99 Cr | Rs. 0.72 Cr | Rs. 1.65 Cr | + 129.17 % | + 182.91 % |
| EPS in Rs | Rs. -0.42 | Rs. 0.09 | Rs. 0.5 | + 455.56 % | + 219.05 % |
In reviewing Prime Securities Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 24.01 % year-on-year growth, however, there was a minor increase of 70.12 % from the previous quarter. Expenses rose by 5.23 % compared to the previous year, with a 44.1 % increase quarter-on-quarter. Operating Profit surged by 333.9 % annually, and saw a 509.52 % increase from the last quarter.
Net Profit showed yearly increase of 182.91 %, and experienced a 129.17 % increase from the previous quarter. Earnings Per Share (EPS) rose by 219.05 % annually, however rose by 455.56 % compared to the last quarter. In essence, while Prime Securities Limited 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.
