Share the post "Ptc Industries : Q1 2024 Financial Quarterly Report : YoY Sales Down 34.94 %, QoQ Down 34.42 %"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -34.94 % over the year, decrease in net sales/revenue by -34.42 %.
- 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 17.95 %. Marginal decrease of -10.8% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Ptc Industries Limited. Profit dropped by -70.01 % Year to Year, Ptc Industries Limited’s profitability dropped by -38.69 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -72.25 % Year to Year. EPS decreased by -38.06 % 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. 70.805 Cr | Rs. 70.235 Cr | Rs. 46.063 Cr | -34.42 % | -34.94 % |
| Expenses | Rs. 54.41 Cr | Rs. 61.53 Cr | Rs. 39.51 Cr | -35.79 % | -27.38 % |
| Operating Profit | Rs. 16.4 Cr | Rs. 8.71 Cr | Rs. 6.55 Cr | -24.8 % | -60.06 % |
| OPM % | 23.16 % | 12.4 % | 14.22 % | + 1.82 % | -8.94 % |
| Other Income | Rs. 3.661 Cr | Rs. 4.841 Cr | Rs. 4.318 Cr | -10.8 % | + 17.95 % |
| Interest | Rs. 3.55 Cr | Rs. 3.33 Cr | Rs. 3.1 Cr | -6.91 % | -12.68 % |
| Depreciation | Rs. 4.09 Cr | Rs. 4.08 Cr | Rs. 4.02 Cr | -1.47 % | -1.71 % |
| Profit before tax | Rs. 12.42 Cr | Rs. 6.14 Cr | Rs. 3.75 Cr | -38.93 % | -69.81 % |
| Tax % | 25.46 % | 26.16 % | 26.09 % | -0.07 % | + 0.63 % |
| Net Profit | Rs. 9.26 Cr | Rs. 4.53 Cr | Rs. 2.78 Cr | -38.63 % | -69.98 % |
| EPS in Rs | Rs. 6.86 | Rs. 3.09 | Rs. 1.92 | -37.86 % | -72.01 % |
Today, we’re looking at Ptc Industries 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 -34.94 %. However, it did see a marginal slip of -34.42 % from the previous quarter. Expenses decreased slightly by -35.79 % quarter-on-quarter, aligning with the annual decline of -27.38 %. Operating profit, while down -60.06 % compared to last year, faced a quarter-on-quarter dip of -24.8 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -8.94 %, but an expansion of 1.82 % sequentially. Other income fell by -10.8 % compared to the last quarter, despite an annual growth of 17.95 %. Interest expenses dropped significantly by -6.91 % from the previous quarter, yet the year-over-year decrease remains at a moderate -12.68 %. Depreciation costs fell by -1.47 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -1.71 %. Profit before tax declined annually by -69.81 % but saw a reduction from the preceding quarter by -38.93 %.
Tax expenses as a percentage of profits increased slightly by 0.63 % compared to last year, with a more notable quarter-on-quarter decrease of -0.07 %. Net profit fell by -69.98 % year-on-year but witnessed a -38.63 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -72.01 % but a quarterly fall of -37.86 %. In summary, Ptc Industries 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. 70.805 Cr | Rs. 70.235 Cr | Rs. 46.063 Cr | -34.42 % | -34.94 % |
| Expenses | Rs. 54.41 Cr | Rs. 61.53 Cr | Rs. 39.51 Cr | -35.79 % | -27.38 % |
| Operating Profit | Rs. 16.4 Cr | Rs. 8.71 Cr | Rs. 6.55 Cr | -24.8 % | -60.06 % |
| Net Profit | Rs. 9.26 Cr | Rs. 4.53 Cr | Rs. 2.78 Cr | -38.63 % | -69.98 % |
| EPS in Rs | Rs. 6.86 | Rs. 3.09 | Rs. 1.92 | -37.86 % | -72.01 % |
In reviewing Ptc Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -34.94 % year-on-year, although there was a slight dip of -34.42 % from the previous quarter. Expenses decreased by -27.38 % compared to the previous year, with a decrease of -35.79 % quarter-on-quarter. Operating Profit dropped by -60.06 % annually, and saw a -24.8 % decrease from the last quarter.
Net Profit showed yearly decrease of -69.98 %, and experienced a -38.63 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -72.01 % annually, however dipped by -37.86 % compared to the last quarter. In essence, while Ptc Industries 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.
