NIFTY 50 23203.2 ▼ (0.47%)
NIFTY NEXT 50 65053.6 ▲ (0.76%)
NIFTY 100 23926 ▼ (0.24%)
NIFTY MIDCAP 100 54607.65 ▲ (0.23%)
NIFTY SMALLCAP 100 17672.05 ▲ (0.16%)
NIFTY SMALLCAP 250 16700.5 ▼ (0.04%)
NIFTY MIDCAP SELECT 12249.85 ▲ (0.26%)
NIFTY TOTAL MARKET 12230.75 ▼ (0.15%)
NIFTY BANK 48540.6 ▼ (1.5%)
SENSEX 76619.33 ▼ (0.55%)
BSE BANKEX 54919.15 ▼ (1.83%)

Choice International : Q1 2024 Financial Quarterly Report : YoY Sales Up 97.38 %, QoQ Up 157.09 %

July 18, 2024July 18, 2024| adminadmin| 0 Comments| 6:15 pm
Image is loading
Categories:

Share the post "Choice International : Q1 2024 Financial Quarterly Report : YoY Sales Up 97.38 %, QoQ Up 157.09 %"

  • Facebook
  • LinkedIn
  • X
  • Tumblr
  • WhatsApp
  • TelegramTelegram
  • Email

Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 97.38 % in the past year, substantial increase in net sales/revenue by 157.09 %.
  • Income over the Year and quarter:
  • Profit over the Year and quarter: Significant improvement in profitability for Choice International Limited. Notable increase of 450.74 % in net profit Year to Year, Choice International Limited’s profitability increased by 6867.44 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 200.00 % Year to Year.

The comprehensive analytics outlining the performance and outlook of Choice International Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 3.548 Cr Rs. 2.724 Cr Rs. 7.003 Cr + 157.09 % + 97.38 %
Expenses Rs. 1.74 Cr Rs. 1.83 Cr Rs. 2.31 Cr + 26.23 % + 32.76 %
Operating Profit Rs. 1.81 Cr Rs. 0.89 Cr Rs. 4.69 Cr + 426.97 % + 159.12 %
OPM % 51.01 % 32.67 % 66.97 % + 34.3 % + 15.96 %
Other Income Rs. 0 Cr Rs. 0.15 Cr Rs. 0 Cr 0 % 0 %
Interest Rs. 0.98 Cr Rs. 0.9 Cr Rs. 0.95 Cr + 5.56 % -3.06 %
Depreciation Rs. 0.12 Cr Rs. 0.11 Cr Rs. 0.11 Cr + 0 % -8.33 %
Profit before tax Rs. 0.71 Cr Rs. 0.03 Cr Rs. 3.63 Cr + 12000 % + 411.27 %
Tax % 23.35 % 41.94 % 17.44 % -24.5 % -5.91 %
Net Profit Rs. 0.54 Cr Rs. 0.04 Cr Rs. 3 Cr + 7400 % + 455.56 %
EPS in Rs Rs. 0.05 Rs. 0 Rs. 0.15 0 % + 200 %


Today, we’re looking at Choice International Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 97.38 %. However, it did see a marginal increase of 157.09 % from the previous quarter. Expenses ticked up slightly by 26.23 % quarter-on-quarter, aligning with the annual rise of 32.76 %. Operating profit, while up 159.12 % compared to last year, faced a quarter-on-quarter increase of 426.97 %, 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 15.96 %, but an expansion of 34.3 % sequentially. Interest expenses surged remarkably by 5.56 % from the previous quarter, yet the year-over-year decrease remains at a moderate -3.06 %. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -8.33 %. Profit before tax grew annually by 411.27 % but saw an increase from the preceding quarter by 12000 %.
Tax expenses as a percentage of profits decreased slightly by -5.91 % compared to last year, with a more notable quarter-on-quarter decrease of -24.5 %. Net profit rose by 455.56 % year-on-year but experienced a 7400 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 200 % In summary, Choice International 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. 3.548 Cr Rs. 2.724 Cr Rs. 7.003 Cr + 157.09 % + 97.38 %
Expenses Rs. 1.74 Cr Rs. 1.83 Cr Rs. 2.31 Cr + 26.23 % + 32.76 %
Operating Profit Rs. 1.81 Cr Rs. 0.89 Cr Rs. 4.69 Cr + 426.97 % + 159.12 %
Net Profit Rs. 0.54 Cr Rs. 0.04 Cr Rs. 3 Cr + 7400 % + 455.56 %
EPS in Rs Rs. 0.05 Rs. 0 Rs. 0.15 0 % + 200 %


In reviewing Choice International Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 97.38 % year-on-year growth, however, there was a minor increase of 157.09 % from the previous quarter. Expenses rose by 32.76 % compared to the previous year, with a 26.23 % increase quarter-on-quarter. Operating Profit surged by 159.12 % annually, and saw a 426.97 % increase from the last quarter.
Net Profit showed yearly increase of 455.56 %, and experienced a 7400 % increase from the previous quarter. Earnings Per Share (EPS) rose by 200 % annually, In essence, while Choice International 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.

[my_shortcode1 values=”Spencer”]

Related Post