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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 95.35 % in the past year, substantial increase in net sales/revenue by 63.11 %.
- 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 120 %. Marginal increase in other income during this quarter, up by 120%.
- Profit over the Year and quarter: Significant improvement in profitability for Classic Leasing & Finance Ltd.. Notable increase of 881.25 % in net profit Year to Year, Classic Leasing & Finance Ltd.’s profitability dropped by -5333.33 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 940.00 % Year to Year. EPS decreased by -5300 % 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. 0.086 Cr | Rs. 0.103 Cr | Rs. 0.168 Cr | + 63.11 % | + 95.35 % |
| Expenses | Rs. 0.11 Cr | Rs. 0.15 Cr | Rs. 0.08 Cr | -46.67 % | -27.27 % |
| Operating Profit | Rs. -0.02 Cr | Rs. -0.05 Cr | Rs. 0.09 Cr | + 280 % | + 550 % |
| OPM % | -23.26 % | -48.54 % | 53.57 % | + 102.11 % | + 76.83 % |
| Other Income | Rs. 0.05 Cr | Rs. 0.05 Cr | Rs. 0.11 Cr | + 120 % | + 120 % |
| Interest | Rs. 0.03 Cr | Rs. 0 Cr | Rs. 0.03 Cr | 0 % | + 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0.01 Cr | 0 % | 0 % |
| Profit before tax | Rs. 0 Cr | Rs. 0 Cr | Rs. 0.16 Cr | 0 % | 0 % |
| Tax % | -245.45 % | -0 % | 1.29 % | + 1.29 % | + 246.74 % |
| Net Profit | Rs. 0.02 Cr | Rs. -0 Cr | Rs. 0.16 Cr | 0 % | + 700 % |
| EPS in Rs | Rs. 0.05 | Rs. -0.01 | Rs. 0.52 | + 5300 % | + 940 % |
Today, we’re looking at Classic Leasing & Finance Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 95.35 %. However, it did see a marginal increase of 63.11 % from the previous quarter. Expenses decreased slightly by -46.67 % quarter-on-quarter, aligning with the annual decline of -27.27 %. Operating profit, while up 550 % compared to last year, faced a quarter-on-quarter increase of 280 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 76.83 %, but an expansion of 102.11 % sequentially. Other income rose by 120 % compared to the last quarter, despite an annual growth of 120 %. yet the year-over-year increase remains at a moderate 0 %.
Tax expenses as a percentage of profits increased slightly by 246.74 % compared to last year, with a more notable quarter-on-quarter increase of 1.29 %. Net profit rose by 700 % year-on-year And finally, Earnings Per Share (EPS) displayed an annual uptick of 940 % but a quarterly rise of 5300 %. In summary, Classic Leasing & Finance Ltd.’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. 0.086 Cr | Rs. 0.103 Cr | Rs. 0.168 Cr | + 63.11 % | + 95.35 % |
| Expenses | Rs. 0.11 Cr | Rs. 0.15 Cr | Rs. 0.08 Cr | -46.67 % | -27.27 % |
| Operating Profit | Rs. -0.02 Cr | Rs. -0.05 Cr | Rs. 0.09 Cr | + 280 % | + 550 % |
| Net Profit | Rs. 0.02 Cr | Rs. -0 Cr | Rs. 0.16 Cr | 0 % | + 700 % |
| EPS in Rs | Rs. 0.05 | Rs. -0.01 | Rs. 0.52 | + 5300 % | + 940 % |
In reviewing Classic Leasing & Finance Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 95.35 % year-on-year growth, however, there was a minor increase of 63.11 % from the previous quarter. Expenses decreased by -27.27 % compared to the previous year, with a decrease of -46.67 % quarter-on-quarter. Operating Profit surged by 550 % annually, and saw a 280 % increase from the last quarter.
Net Profit showed yearly increase of 700 %, Earnings Per Share (EPS) rose by 940 % annually, however rose by 5300 % compared to the last quarter. In essence, while Classic Leasing & Finance Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
