Premier Polyfilm Q1 Results Net Income Up 31.24% to ₹5.88 Crores

Premier Polyfilm Q1 Results: The Premier Polyfilm Q1 results for June 2024 show important financial information that helps us understand how the company is doing. The total revenue for this quarter is ₹70.04 crores, which is a small drop of 3.34% compared to the last quarter, also known as QoQ or quarter-on-quarter. When we compare this to the same quarter last year, which is June 2023, the revenue also decreased by 3.32% year-over-year (YoY). This suggests that the company is facing some challenges in increasing its sales.

Premier Polyfilm’s net income for this quarter is ₹5.88 crores, which is a 31.24% increase QoQ compared to the previous quarter. This is a positive sign, as it also represents a 22.98% increase YoY compared to June 2023. The diluted normalized EPS (earnings per share) is another important figure that reflects this success, rising by 32.01% QoQ and 23.23% YoY. Overall, while Premier Polyfilm's total revenue has slightly declined, the strong growth in net income and EPS shows that the company is becoming more efficient and profitable year over year (YoY).

Here’s a summary of the Quarterly Results for Premier Polyfilm (Q1) for June 2024, comparing it with the previous quarter and the same quarter of the previous year. 

All figures are in crores, except for per share values. 

Source: Here 

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Premier Polyfilm Q1 Results

Premier Polyfilm's financial results show how the company performed in the last quarter and compared it to previous quarters and the entire year. For the quarter ending June 30, 2024, the company earned ₹7,130 million in total income. This is a little less than the ₹7,877 million earned in the previous quarter but still shows growth compared to ₹7,273 million from the same quarter last year.

Premier Polyfilm's expenses for Premier Polyfilm in the last quarter were ₹6,347 million. This is lower than the previous quarter’s expenses of ₹7,010 million. The company’s main costs came from materials consumed, employee salaries, and other operating expenses, which included Goods and Services Tax (GST).

Premier Polyfilm's net profit, which is the money left after expenses are paid, was ₹588 million for the quarter. This was lower than the previous quarter's profit of ₹670 million but higher than the ₹478 million from the same quarter last year. Additionally, the company reported other comprehensive income of ₹40 million, which adds to its overall financial strength.

Here’s a simple summary of the financial results you provided for the company for the quarters and year ending June 30, 2024:

(₹ in Lakhs)

Premier Polyfilm Stock Performance

The Premier Polyfilm table shows important financial information about a company. The Market Cap of ₹ 488 Cr. indicates the total value of the company's shares. The Current Price is ₹ 233, meaning each share is currently trading at this price. The High / Low shows the highest price of ₹ 274 and the lowest price of ₹ 113 over a certain period. The Stock P/E of 22.5 compares the company’s price to its earnings, while the Book Value of ₹ 45.1 represents the value of the company's assets. 

Here’s a summary of the financial data you provided:

Quarterly Results 

The Premier Polyfilm table shows the company's quarterly financial results for December 2023, March 2024, and June 2024. In December 2023, the company had sales of Rs. 60.97 crores and made a profit of Rs. 4.23 crores. By March 2024, sales increased to Rs. 69.46 crores, and net profit rose significantly to Rs. 6.70 crores, indicating strong financial growth. In June 2024, sales were Rs. 62.87 crores, and the net profit was Rs. 5.88 crores. 

Here’s the data for December 2023, March 2024, and June 2024, including only the particulars:

(Rs. in Crores)

About Premier Polyfilm 

Premier Polyfilm is a top company in India that makes PVC flooring, artificial leather, and PVC films and sheeting. It was founded in 1992 by Shri A.N. Goenka, who has a lot of experience in this industry. The company is ISO 9001:2015 certified, which means it meets high-quality standards. Premier Polyfilm is known for producing a wide range of products, including artificial leather for transportation, PVC films for cars and homes, and waterproof geomembranes. They focus on quality and innovation, making them a trusted choice for customers in various sectors like automotive, healthcare, and construction.