Share the post "Prism Johnson announced Financial Results Q1 2024"
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 -9.22 % over the year, decrease in net sales/revenue by -15.2 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -3.18 %, Marginal increase in other income during this quarter, up by 233.89%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Prism Johnson Limited. Profit dropped by -187.96 % Year to Year, Prism Johnson Limited’s profitability dropped by -40.13 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -141.67 % Year to Year. EPS decreased by -53.13 % 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. 1942.15 Cr | Rs. 2079.22 Cr | Rs. 1763.15 Cr | -15.2 % | -9.22 % |
| Expenses | Rs. 1790.52 Cr | Rs. 1967.89 Cr | Rs. 1630.91 Cr | -17.12 % | -8.91 % |
| Operating Profit | Rs. 151.63 Cr | Rs. 111.33 Cr | Rs. 132.24 Cr | + 18.78 % | -12.79 % |
| OPM % | 7.81 % | 5.35 % | 7.5 % | + 2.15 % | -0.31 % |
| Other Income | Rs. 14.45 Cr | Rs. 4.19 Cr | Rs. 13.99 Cr | + 233.89 % | -3.18 % |
| Interest | Rs. 48.45 Cr | Rs. 51.43 Cr | Rs. 54.66 Cr | + 6.28 % | + 12.82 % |
| Depreciation | Rs. 93.06 Cr | Rs. 126.28 Cr | Rs. 111.57 Cr | -11.65 % | + 19.89 % |
| Profit before tax | Rs. 24.57 Cr | Rs. -62.19 Cr | Rs. -20 Cr | + 67.84 % | -181.4 % |
| Tax % | 26.78 % | -43.62 % | -11.2 % | + 32.42 % | -37.98 % |
| Net Profit | Rs. 20.76 Cr | Rs. -30.5 Cr | Rs. -18.26 Cr | + 40.13 % | -187.96 % |
| EPS in Rs | Rs. 0.36 | Rs. -0.32 | Rs. -0.15 | + 53.13 % | -141.67 % |
Today, we’re looking at Prism Johnson Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -9.22 %. However, it did see a marginal slip of -15.2 % from the previous quarter. Expenses decreased slightly by -17.12 % quarter-on-quarter, aligning with the annual decline of -8.91 %. Operating profit, while down -12.79 % compared to last year, faced a quarter-on-quarter increase of 18.78 %, 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 -0.31 %, but an expansion of 2.15 % sequentially. Other income rose by 233.89 % compared to the last quarter, despite an annual decline of -3.18 %. Interest expenses surged remarkably by 6.28 % from the previous quarter, yet the year-over-year increase remains at a moderate 12.82 %. Depreciation costs fell by -11.65 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 19.89 %. Profit before tax declined annually by -181.4 % but saw an increase from the preceding quarter by 67.84 %.
Tax expenses as a percentage of profits decreased slightly by -37.98 % compared to last year, with a more notable quarter-on-quarter increase of 32.42 %. Net profit fell by -187.96 % year-on-year but experienced a 40.13 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -141.67 % but a quarterly rise of 53.13 %. In summary, Prism Johnson 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. 1942.15 Cr | Rs. 2079.22 Cr | Rs. 1763.15 Cr | -15.2 % | -9.22 % |
| Expenses | Rs. 1790.52 Cr | Rs. 1967.89 Cr | Rs. 1630.91 Cr | -17.12 % | -8.91 % |
| Operating Profit | Rs. 151.63 Cr | Rs. 111.33 Cr | Rs. 132.24 Cr | + 18.78 % | -12.79 % |
| Net Profit | Rs. 20.76 Cr | Rs. -30.5 Cr | Rs. -18.26 Cr | + 40.13 % | -187.96 % |
| EPS in Rs | Rs. 0.36 | Rs. -0.32 | Rs. -0.15 | + 53.13 % | -141.67 % |
In reviewing Prism Johnson Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -9.22 % year-on-year, although there was a slight dip of -15.2 % from the previous quarter. Expenses decreased by -8.91 % compared to the previous year, with a decrease of -17.12 % quarter-on-quarter. Operating Profit dropped by -12.79 % annually, and saw a 18.78 % increase from the last quarter.
Net Profit showed yearly decrease of -187.96 %, and experienced a 40.13 % increase from the previous quarter. Earnings Per Share (EPS) fell by -141.67 % annually, however rose by 53.13 % compared to the last quarter. In essence, while Prism Johnson 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.
[my_shortcode1 values=”Prism Johnson “]
