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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 experienced a substantial growth of 11.54 % in the past year, decrease in net sales/revenue by -30.77 %.
- 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 30.31 %. Marginal increase in other income during this quarter, up by 1.5%.
- Profit over the Year and quarter: Significant improvement in profitability for The Phoenix Mills Limited. Notable increase of 8.13 % in net profit Year to Year, The Phoenix Mills Limited’s profitability dropped by -19.63 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -3.34 % Year to Year. EPS decreased by -28.08 % 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. 810.63 Cr | Rs. 1305.949 Cr | Rs. 904.141 Cr | -30.77 % | + 11.54 % |
Expenses | Rs. 318.31 Cr | Rs. 679.23 Cr | Rs. 373.12 Cr | -45.07 % | + 17.22 % |
Operating Profit | Rs. 492.32 Cr | Rs. 626.72 Cr | Rs. 531.02 Cr | -15.27 % | + 7.86 % |
OPM % | 60.73 % | 47.99 % | 58.73 % | + 10.74 % | -2 % |
Other Income | Rs. 28.97 Cr | Rs. 37.192 Cr | Rs. 37.751 Cr | + 1.5 % | + 30.31 % |
Interest | Rs. 95.66 Cr | Rs. 99.55 Cr | Rs. 103.11 Cr | + 3.58 % | + 7.79 % |
Depreciation | Rs. 62.96 Cr | Rs. 75.72 Cr | Rs. 77.49 Cr | + 2.34 % | + 23.08 % |
Profit before tax | Rs. 362.67 Cr | Rs. 488.64 Cr | Rs. 388.17 Cr | -20.56 % | + 7.03 % |
Tax % | 20.12 % | 20.43 % | 19.25 % | -1.18 % | -0.87 % |
Net Profit | Rs. 291.04 Cr | Rs. 391.58 Cr | Rs. 314.71 Cr | -19.63 % | + 8.13 % |
EPS in Rs | Rs. 13.45 | Rs. 18.06 | Rs. 13 | -28.02 % | -3.35 % |
Today, we’re looking at The Phoenix Mills Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 11.54 %. However, it did see a marginal slip of -30.77 % from the previous quarter. Expenses decreased slightly by -45.07 % quarter-on-quarter, aligning with the annual rise of 17.22 %. Operating profit, while up 7.86 % compared to last year, faced a quarter-on-quarter dip of -15.27 %, 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 -2 %, but an expansion of 10.74 % sequentially. Other income rose by 1.5 % compared to the last quarter, despite an annual growth of 30.31 %. Interest expenses surged remarkably by 3.58 % from the previous quarter, yet the year-over-year increase remains at a moderate 7.79 %. Depreciation costs climbed by 2.34 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 23.08 %. Profit before tax grew annually by 7.03 % but saw a reduction from the preceding quarter by -20.56 %.
Tax expenses as a percentage of profits decreased slightly by -0.87 % compared to last year, with a more notable quarter-on-quarter decrease of -1.18 %. Net profit rose by 8.13 % year-on-year but witnessed a -19.63 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -3.35 % but a quarterly fall of -28.02 %. In summary, The Phoenix Mills 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. 810.63 Cr | Rs. 1305.949 Cr | Rs. 904.141 Cr | -30.77 % | + 11.54 % |
Expenses | Rs. 318.31 Cr | Rs. 679.23 Cr | Rs. 373.12 Cr | -45.07 % | + 17.22 % |
Operating Profit | Rs. 492.32 Cr | Rs. 626.72 Cr | Rs. 531.02 Cr | -15.27 % | + 7.86 % |
Net Profit | Rs. 291.04 Cr | Rs. 391.58 Cr | Rs. 314.71 Cr | -19.63 % | + 8.13 % |
EPS in Rs | Rs. 13.45 | Rs. 18.06 | Rs. 13 | -28.02 % | -3.35 % |
In reviewing The Phoenix Mills Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 11.54 % year-on-year growth, although there was a slight dip of -30.77 % from the previous quarter. Expenses rose by 17.22 % compared to the previous year, with a decrease of -45.07 % quarter-on-quarter. Operating Profit surged by 7.86 % annually, and saw a -15.27 % decrease from the last quarter.
Net Profit showed yearly increase of 8.13 %, and experienced a -19.63 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -3.35 % annually, however dipped by -28.02 % compared to the last quarter. In essence, while The Phoenix Mills Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.