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Highlights
- Sales over the Year and quarter: The company’s sales declined by -5.16 % over the year, decrease in net sales/revenue by -39.64 %.
- 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 71.43 %.
- Profit over the Year and quarter: Significant improvement in profitability for Indo Cotspin Limited. Notable increase of 163.16 % in net profit Year to Year, Indo Cotspin Limited’s profitability dropped by -725 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 187.50 % Year to Year.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 3.238 Cr | Rs. 5.088 Cr | Rs. 3.071 Cr | -39.64 % | -5.16 % |
| Expenses | Rs. 3.07 Cr | Rs. 4.93 Cr | Rs. 2.92 Cr | -40.77 % | -4.89 % |
| Operating Profit | Rs. 0.17 Cr | Rs. 0.16 Cr | Rs. 0.15 Cr | -6.25 % | -11.76 % |
| OPM % | 5.25 % | 3.14 % | 4.88 % | + 1.74 % | -0.37 % |
| Other Income | Rs. 0.07 Cr | Rs. -0 Cr | Rs. 0.12 Cr | 0 % | + 71.43 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.2 Cr | Rs. 0.18 Cr | Rs. 0.14 Cr | -22.22 % | -30 % |
| Profit before tax | Rs. 0.04 Cr | Rs. -0.02 Cr | Rs. 0.13 Cr | + 750 % | + 225 % |
| Tax % | 15.15 % | -25 % | 23.66 % | + 48.66 % | + 8.51 % |
| Net Profit | Rs. 0.04 Cr | Rs. -0.02 Cr | Rs. 0.1 Cr | + 600 % | + 150 % |
| EPS in Rs | Rs. 0.08 | Rs. 0 | Rs. 0.23 | 0 % | + 187.5 % |
Today, we’re looking at Indo Cotspin 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 -5.16 %. However, it did see a marginal slip of -39.64 % from the previous quarter. Expenses decreased slightly by -40.77 % quarter-on-quarter, aligning with the annual decline of -4.89 %. Operating profit, while down -11.76 % compared to last year, faced a quarter-on-quarter dip of -6.25 %, 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 -0.37 %, but an expansion of 1.74 % sequentially. despite an annual growth of 71.43 %. Depreciation costs fell by -22.22 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -30 %. Profit before tax grew annually by 225 % but saw an increase from the preceding quarter by 750 %.
Tax expenses as a percentage of profits increased slightly by 8.51 % compared to last year, with a more notable quarter-on-quarter increase of 48.66 %. Net profit rose by 150 % year-on-year but experienced a 600 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 187.5 % In summary, Indo Cotspin 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. 3.238 Cr | Rs. 5.088 Cr | Rs. 3.071 Cr | -39.64 % | -5.16 % |
| Expenses | Rs. 3.07 Cr | Rs. 4.93 Cr | Rs. 2.92 Cr | -40.77 % | -4.89 % |
| Operating Profit | Rs. 0.17 Cr | Rs. 0.16 Cr | Rs. 0.15 Cr | -6.25 % | -11.76 % |
| Net Profit | Rs. 0.04 Cr | Rs. -0.02 Cr | Rs. 0.1 Cr | + 600 % | + 150 % |
| EPS in Rs | Rs. 0.08 | Rs. 0 | Rs. 0.23 | 0 % | + 187.5 % |
In reviewing Indo Cotspin Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -5.16 % year-on-year, although there was a slight dip of -39.64 % from the previous quarter. Expenses decreased by -4.89 % compared to the previous year, with a decrease of -40.77 % quarter-on-quarter. Operating Profit dropped by -11.76 % annually, and saw a -6.25 % decrease from the last quarter.
Net Profit showed yearly increase of 150 %, and experienced a 600 % increase from the previous quarter. Earnings Per Share (EPS) rose by 187.5 % annually, In essence, while Indo Cotspin Limited 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.
