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Values in Rs. in  Crores

Plastiblends India Sep, 23 Year on Year Revenue Skies by 16.7% to Rs.210 Crore and Year on Year Profit balloons by 126.6% to Rs.10 Crore. Quarter to Quarter Revenue Surge by 7.6% and Q to Q Profit increases sharply by 24.6%

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Revenue Analysis:

Plastiblends India, has reported a revenue of Rs.210 Crore, which has balloons by 7.6% as compared to previous quarter revenue of Rs.196 Crore. As compared to revenue of September-22, there is a flies by 16.7% from Rs. 180 Crore. to Rs.210 Crore.


Profit and Cost Analysis as Compared to Previous June'23 Quarter Results:


Quarterly Profit has increases sharply by 126.6% to Rs.10 Crore from Rs.4 Crore, when compared with year ago quarter results. In comparison with preceding quarter of June, 2023 , quarter profit has flies by 24.6% to Rs.10 Crore from Rs.8 Crore. Net Profit % of the Company has remained at 4.5% compared to 3.9% in previous quarter and 2.3% in year ago quarter.

On analysis, it is observed that this Quarter's EBITDA (Operating Profit) Margin has nearly remains regular to 6.9% from 6.7% as compared with June, 2023 quarter. The reason for the nearly maintains same of EBITDA Margin is due to,

a) Cost of Sales has nearly maintains same to 76.1% (Previous Quarter: 75.8%). Cost of Sales in absolute terms has grown from Rs.148 Crore to 160 Crore.

b) Employee Cost has shrinks to 4.6% (Previous Quarter: 4.8%). Employee Cost in exact value has crosses from Rs.9 Crore to 10 Crore.

c) Other Expenses has slip to 12.4% (Previous Quarter: 12.7%). Other Expenses zooms from Rs.25 Crore to 26 Crore.

The finance cost has increases sharply from Rs.0.1 Crore to 0.36 Crore by 257.9%.


Key Matrix:

Price to Earning (PE) ratio of the company is 23.04 as compared to the Industry PE of 0. High PE signifies that there can be scope of correction in prices in future, unless market estimates high growth in the company. Companies Return on Equity (ROE) is 4.2% and Return of Capital Employed (ROCE) is 5.8%.


Share Price Movement:

The Return on Share Prices were 6.8% in past one month, 24.2% in 3 months, 49.4% in 6 months, 8.1% in 12 months, -18.5% in 24 months


Summary:

To summarize, as compared to June'23, Revenue has balloons by 7.6%. Gross Margin has nearly remain flat from 24.2% to 23.9%. EBITDA Margin has nearly remains regular to 6.9% from 6.7%. and Net Profit After Tax Margin has flies to 4.5% from 3.9%.


Plastiblends India

Plastiblends India Ltd.

Particulars (In Cr.)
Sep, 2023
Jun, 2023
Mar, 2023
Dec, 2022
Revenue
210
196
198
186
Cost of Goods Sold
160
148
149
146
Employee Cost
10
9
9
9
Other Expenses
26
25
22
23
EBITDA
14
13
18
8
Depreciation
4
4
4
4
Interest Expense
0
0
0
1
Other Income
3
1
-1
2
Profit B4 Excep. Items
13
10
12
5
Exception Items
0
0
0
Net Profit Before Tax
13
10
12
5
Taxes
3
3
3
1
Net Profit After Tax
10
8
9
4
Gross Margin %
23.9
24.2
24.5
21.8
Employee Cost %
4.6
4.8
4.7
5.0
Other Expense Cost %
12.4
12.7
10.9
12.5
EBITDA %
6.9
6.7
9.0
4.3
Net Profit After Tax %
4.5
3.9
4.4
2.1

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00:00 / 04:10
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