Highlights
- Sales over the Year and quarter: The company’s sales declined by -3.18 % over the year, substantial increase in net sales/revenue by 19.64 %.
- 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 55.85 %. Marginal increase in other income during this quarter, up by 77.08%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Prince Pipes and Fittings Limited. Profit dropped by -41.93 % Year to Year, Prince Pipes and Fittings Limited’s profitability increased by 45.22 % in this quarter.
- EPS over the Year and quarter: EPS declined by -41.95 % Year to Year. EPS increased by 45.29 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 764.409 Cr | Rs. 618.615 Cr | Rs. 740.129 Cr | + 19.64 % | -3.18 % |
| Expenses | Rs. 616.07 Cr | Rs. 542.96 Cr | Rs. 647.87 Cr | + 19.32 % | + 5.16 % |
| Operating Profit | Rs. 148.34 Cr | Rs. 75.66 Cr | Rs. 92.26 Cr | + 21.94 % | -37.81 % |
| OPM % | 19.41 % | 12.23 % | 12.47 % | + 0.24 % | -6.94 % |
| Other Income | Rs. 3.42 Cr | Rs. 3.01 Cr | Rs. 5.33 Cr | + 77.08 % | + 55.85 % |
| Interest | Rs. 2.83 Cr | Rs. 2.71 Cr | Rs. 1.35 Cr | -50.18 % | -52.3 % |
| Depreciation | Rs. 21.14 Cr | Rs. 22.91 Cr | Rs. 23.91 Cr | + 4.36 % | + 13.1 % |
| Profit before tax | Rs. 127.79 Cr | Rs. 53.05 Cr | Rs. 72.33 Cr | + 36.34 % | -43.4 % |
| Tax % | 26.35 % | 29.06 % | 24.44 % | -4.62 % | -1.91 % |
| Net Profit | Rs. 94.12 Cr | Rs. 37.63 Cr | Rs. 54.65 Cr | + 45.23 % | -41.94 % |
| EPS in Rs | Rs. 8.51 | Rs. 3.4 | Rs. 4.94 | + 45.29 % | -41.95 % |
Today, we’re looking at Prince Pipes and Fittings Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -3.18 %. However, it did see a marginal increase of 19.64 % from the previous quarter. Expenses ticked up slightly by 19.32 % quarter-on-quarter, aligning with the annual rise of 5.16 %. Operating profit, while down -37.81 % compared to last year, faced a quarter-on-quarter increase of 21.94 %, 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 -6.94 %, but an expansion of 0.24 % sequentially. Other income rose by 77.08 % compared to the last quarter, despite an annual growth of 55.85 %. Interest expenses dropped significantly by -50.18 % from the previous quarter, yet the year-over-year decrease remains at a moderate -52.3 %. Depreciation costs climbed by 4.36 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 13.1 %. Profit before tax declined annually by -43.4 % but saw an increase from the preceding quarter by 36.34 %.
Tax expenses as a percentage of profits decreased slightly by -1.91 % compared to last year, with a more notable quarter-on-quarter decrease of -4.62 %. Net profit fell by -41.94 % year-on-year but experienced a 45.23 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -41.95 % but a quarterly rise of 45.29 %. In summary, Prince Pipes and Fittings 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. 764.409 Cr | Rs. 618.615 Cr | Rs. 740.129 Cr | + 19.64 % | -3.18 % |
| Expenses | Rs. 616.07 Cr | Rs. 542.96 Cr | Rs. 647.87 Cr | + 19.32 % | + 5.16 % |
| Operating Profit | Rs. 148.34 Cr | Rs. 75.66 Cr | Rs. 92.26 Cr | + 21.94 % | -37.81 % |
| Net Profit | Rs. 94.12 Cr | Rs. 37.63 Cr | Rs. 54.65 Cr | + 45.23 % | -41.94 % |
| EPS in Rs | Rs. 8.51 | Rs. 3.4 | Rs. 4.94 | + 45.29 % | -41.95 % |
In reviewing Prince Pipes and Fittings Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -3.18 % year-on-year, however, there was a minor increase of 19.64 % from the previous quarter. Expenses rose by 5.16 % compared to the previous year, with a 19.32 % increase quarter-on-quarter. Operating Profit dropped by -37.81 % annually, and saw a 21.94 % increase from the last quarter.
Net Profit showed yearly decrease of -41.94 %, and experienced a 45.23 % increase from the previous quarter. Earnings Per Share (EPS) fell by -41.95 % annually, however rose by 45.29 % compared to the last quarter. In essence, while Prince Pipes and Fittings Limited 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.
