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Highlights
- Sales over the Year and quarter: The company’s sales declined by -33.78 % over the year, decrease in net sales/revenue by -7.27 %.
- 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 10.61 %. Marginal decrease of -15.87% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Delta Corp Limited. Profit dropped by -68.2 % Year to Year, Delta Corp Limited’s profitability dropped by -70.08 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -68.11 % Year to Year. EPS decreased by -70 % 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. 272.8 Cr | Rs. 194.81 Cr | Rs. 180.65 Cr | -7.27 % | -33.78 % |
| Expenses | Rs. 176.98 Cr | Rs. 153.1 Cr | Rs. 150.07 Cr | -1.98 % | -15.21 % |
| Operating Profit | Rs. 95.82 Cr | Rs. 41.71 Cr | Rs. 30.58 Cr | -26.68 % | -68.09 % |
| OPM % | 35.12 % | 21.41 % | 16.93 % | -4.48 % | -18.19 % |
| Other Income | Rs. 14.23 Cr | Rs. 18.71 Cr | Rs. 15.74 Cr | -15.87 % | + 10.61 % |
| Interest | Rs. 2.14 Cr | Rs. 3.19 Cr | Rs. 1.64 Cr | -48.59 % | -23.36 % |
| Depreciation | Rs. 15.89 Cr | Rs. 14.92 Cr | Rs. 13.64 Cr | -8.58 % | -14.16 % |
| Profit before tax | Rs. 92.02 Cr | Rs. 42.31 Cr | Rs. 31.04 Cr | -26.64 % | -66.27 % |
| Tax % | 26.02 % | 21.4 % | 33.14 % | + 11.74 % | + 7.12 % |
| Net Profit | Rs. 68.18 Cr | Rs. 72.47 Cr | Rs. 21.68 Cr | -70.08 % | -68.2 % |
| EPS in Rs | Rs. 2.53 | Rs. 2.7 | Rs. 0.81 | -70 % | -67.98 % |
Today, we’re looking at Delta Corp Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -33.78 %. However, it did see a marginal slip of -7.27 % from the previous quarter. Expenses decreased slightly by -1.98 % quarter-on-quarter, aligning with the annual decline of -15.21 %. Operating profit, while down -68.09 % compared to last year, faced a quarter-on-quarter dip of -26.68 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -18.19 %, but a shrinkage of -4.48 % sequentially. Other income fell by -15.87 % compared to the last quarter, despite an annual growth of 10.61 %. Interest expenses dropped significantly by -48.59 % from the previous quarter, yet the year-over-year decrease remains at a moderate -23.36 %. Depreciation costs fell by -8.58 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -14.16 %. Profit before tax declined annually by -66.27 % but saw a reduction from the preceding quarter by -26.64 %.
Tax expenses as a percentage of profits increased slightly by 7.12 % compared to last year, with a more notable quarter-on-quarter increase of 11.74 %. Net profit fell by -68.2 % year-on-year but witnessed a -70.08 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -67.98 % but a quarterly fall of -70 %. In summary, Delta Corp Limited’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. 272.8 Cr | Rs. 194.81 Cr | Rs. 180.65 Cr | -7.27 % | -33.78 % |
| Expenses | Rs. 176.98 Cr | Rs. 153.1 Cr | Rs. 150.07 Cr | -1.98 % | -15.21 % |
| Operating Profit | Rs. 95.82 Cr | Rs. 41.71 Cr | Rs. 30.58 Cr | -26.68 % | -68.09 % |
| Net Profit | Rs. 68.18 Cr | Rs. 72.47 Cr | Rs. 21.68 Cr | -70.08 % | -68.2 % |
| EPS in Rs | Rs. 2.53 | Rs. 2.7 | Rs. 0.81 | -70 % | -67.98 % |
In reviewing Delta Corp Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -33.78 % year-on-year, although there was a slight dip of -7.27 % from the previous quarter. Expenses decreased by -15.21 % compared to the previous year, with a decrease of -1.98 % quarter-on-quarter. Operating Profit dropped by -68.09 % annually, and saw a -26.68 % decrease from the last quarter.
Net Profit showed yearly decrease of -68.2 %, and experienced a -70.08 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -67.98 % annually, however dipped by -70 % compared to the last quarter. In essence, while Delta Corp Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
