Precot Q1 Results Operating Expenses Up 5.59% QoQ and 13.69% YoY

Precot Q1 Results: Precot financial table shows how the company’s expenses and income have changed over time. It includes information on various costs, like Selling, General, and Administrative Expenses, which were ₹69.40 crore in the current quarter, up by 13.62% compared to the same quarter last year.

Depreciation and Amortization, which is the cost of using long-term assets, increased slightly to ₹20.32 crore. Other Operating Expenses, covering additional business costs, were ₹44.71 crore, which is also a bit higher than the previous quarter.

Precot’s Total Operating Expenses, which include all these costs, rose to ₹559.77 crore, showing a growth of 13.69% from the same period last year. Despite these higher expenses, the company’s Operating Income, or the profit made from its main business activities, increased significantly to ₹60.16 crore, a 34.18% rise from the last year.

Precot’s Net Income Before Taxes also grew to ₹59.32 crore, reflecting a healthy increase of 37.85% year-over-year. Finally, the Net Income, or the profit after taxes, jumped to ₹45.56 crore, showing strong growth of 42.65%. The Diluted Normalized EPS, which shows earnings per share, improved by 42.75%, indicating better profitability for shareholders.

Here's the information you provided in a table format:

Precot Q1 Results 2024-2025 

Precot's Q1 results for the period ending June 2024 show a mixed performance. The company reported a slight decrease in its revenue from operations compared to the previous quarter, with revenue standing at ₹22,339.79 lakhs, down from ₹24,859.26 lakhs in March 2024. However, when compared to the same period last year, there was a modest increase in revenue. Other income also saw a decline, contributing to a total income of ₹23,718.38 lakhs, lower than the ₹26,405.25 lakhs recorded in the previous quarter.

Precot on the expense side, the cost of materials consumed slightly increased, and other expenses also remained high, leading to total expenses of ₹22,483.27 lakhs. This resulted in a profit before tax of ₹1,235.11 lakhs, which is an improvement from the loss of ₹741.70 lakhs in June 2023 but lower than the ₹1,928.79 lakhs in March 2024.

Precot’s After accounting for tax expenses, Precot's profit for the period stood at ₹940.48 lakhs. Despite the challenges, the company managed to generate a positive comprehensive income of ₹929.26 lakhs. Earnings per share (EPS) for the quarter was ₹7.84, reflecting a decrease from the previous quarter but a significant recovery from last year's loss.

Here’s a summarized financial data provided:

Precot Q1 Stock Metrics

Precot table provides financial details about a company. The company's market cap is ₹586 crore, which means that's how much the entire company is worth in the stock market. The current price of one share is ₹488. Over the past year, the highest price of the stock was ₹558, and the lowest was ₹184. The P/E ratio is 22.5, showing how the stock price compares to its earnings. 

Here’s the information in a table format:

Quarterly Results 

Precot's financial performance for three quarters: December 2023, March 2024, and June 2024. In December 2023, Precot had sales of Rs. 227.72 crores and an operating profit of Rs. 17.72 crores, with a profit margin of 7.78%. By March 2024, sales increased to Rs. 259.51 crores, and the operating profit rose to Rs. 21.49 crores, with a slightly higher margin of 8.28%.

Here's the full data for December 2023, March 2024, and June 2024:

About Precot 

Precot is a big cotton mill company founded in 1962 by Mr. V. N. Ramachandran and Mr. N. Damotharan. It is one of the largest cotton mills in Asia. The company makes various cotton products that are used in things like cosmetics, personal hygiene items, medical supplies, and cleaning products. Precot exports its cotton products to textile mills and manufacturers around the world. 

To manage their operations efficiently operates four spinning units and two dyeing units in the four southern states of India. Precot is known for its focus on three main areas: Quality, Value, and Delivery. This means they carefully manage the quality of their products, offer good value, and ensure timely delivery.

Precot uses SAP ERP software to manage their operations efficiently. This helps them coordinate different parts of their business, like purchasing, inventory, planning, quality control, maintenance, finance, sales, and distribution. The company also has modern, fully automated production lines with advanced equipment to produce high-quality cotton products. By using the latest technology and efficient management practices, Precot ensures they meet the needs of their clients effectively.