How has been the historical performance of Panyam Cement?

Jul 07 2025 10:38 PM IST

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Panyam Cement's financial performance has improved in March 2024, with net sales rising to 120.12 crore from 38.86 crore in the previous year, but it still faces significant losses due to increased expenditures, resulting in an operating profit of -17.40 crore and negative cash flow of -38.00 crore. Despite better net profit and EPS, the company struggles with high costs and rising interest expenses.

Answer:

Panyam Cement has shown a fluctuating financial performance over the years, with significant changes in net sales and profitability. In the fiscal year ending March 2024, the company reported net sales of 120.12 crore, a notable increase from 38.86 crore in March 2023 and from zero in the previous years. However, the total operating income also reflects this trend, rising to 120.12 crore in March 2024 from 38.86 crore in March 2023. Despite the increase in sales, the total expenditure surged to 151.94 crore in March 2024, up from 65.03 crore in March 2023, leading to an operating profit (PBDIT) of -17.40 crore, which is an improvement from -25.92 crore in the previous year but still indicates a loss. The profit before tax for March 2024 was -55.02 crore, slightly better than -59.85 crore in March 2023, while the net profit also improved to -55.02 crore from -59.85 crore. The earnings per share (EPS) for March 2024 was -68.6, an improvement from -74.63 in March 2023. The company has also seen a significant increase in interest expenses, which rose to 21.40 crore in March 2024 from just 0.05 crore in March 2023. Cash flow from operating activities remained negative at -38.00 crore in March 2024, although it was slightly worse than -34.00 crore in March 2023.

Breakdown:
Panyam Cement's financial trajectory reveals a complex picture of recovery and ongoing challenges. The company's net sales have rebounded significantly in March 2024, reaching 120.12 crore, compared to 38.86 crore in the previous year, indicating a strong sales performance after several years of low or no sales. However, the rise in total operating income was overshadowed by a sharp increase in total expenditure, which climbed to 151.94 crore, leading to continued operating losses. The operating profit margin remains negative, reflecting the high costs associated with raw materials and power, which were 23.66 crore and 86.71 crore respectively in March 2024. Despite improvements in net profit and EPS, the company still faces substantial financial pressures, as indicated by the negative cash flow from operating activities and rising interest expenses. Overall, while Panyam Cement has made strides in revenue generation, it continues to grapple with profitability and cost management issues.

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