Share the post "ROUTE MOBILE : Q1 2024 Financial Quarterly Report : YoY Sales Up 14.07 %, QoQ Up 8.49 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 14.07 % in the past year, substantial increase in net sales/revenue by 8.49 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -29.22 %, Marginal decrease of -8.33% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for ROUTE MOBILE LIMITED. Profit dropped by -11.48 % Year to Year, ROUTE MOBILE LIMITED’s profitability dropped by -14.71 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -15.47 % Year to Year. EPS decreased by -10.96 % 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. 967.34 Cr | Rs. 1017.03 Cr | Rs. 1103.42 Cr | + 8.49 % | + 14.07 % |
| Expenses | Rs. 844.19 Cr | Rs. 891.59 Cr | Rs. 979.67 Cr | + 9.88 % | + 16.05 % |
| Operating Profit | Rs. 123.15 Cr | Rs. 125.44 Cr | Rs. 123.75 Cr | -1.35 % | + 0.49 % |
| OPM % | 12.73 % | 12.33 % | 11.22 % | -1.11 % | -1.51 % |
| Other Income | Rs. 14.92 Cr | Rs. 11.52 Cr | Rs. 10.56 Cr | -8.33 % | -29.22 % |
| Interest | Rs. 6.71 Cr | Rs. 7.52 Cr | Rs. 9.13 Cr | + 21.41 % | + 36.07 % |
| Depreciation | Rs. 21.13 Cr | Rs. 21.85 Cr | Rs. 22.3 Cr | + 2.06 % | + 5.54 % |
| Profit before tax | Rs. 110.23 Cr | Rs. 107.59 Cr | Rs. 102.88 Cr | -4.38 % | -6.67 % |
| Tax % | 16.82 % | 13.01 % | 21.11 % | + 8.1 % | + 4.29 % |
| Net Profit | Rs. 91.69 Cr | Rs. 95.16 Cr | Rs. 81.16 Cr | -14.71 % | -11.48 % |
| EPS in Rs | Rs. 14.8 | Rs. 13.87 | Rs. 12.51 | -9.81 % | -15.47 % |
Today, we’re looking at ROUTE MOBILE 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 14.07 %. However, it did see a marginal increase of 8.49 % from the previous quarter. Expenses ticked up slightly by 9.88 % quarter-on-quarter, aligning with the annual rise of 16.05 %. Operating profit, while up 0.49 % compared to last year, faced a quarter-on-quarter dip of -1.35 %, 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 -1.51 %, but a shrinkage of -1.11 % sequentially. Other income fell by -8.33 % compared to the last quarter, despite an annual decline of -29.22 %. Interest expenses surged remarkably by 21.41 % from the previous quarter, yet the year-over-year increase remains at a moderate 36.07 %. Depreciation costs climbed by 2.06 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 5.54 %. Profit before tax declined annually by -6.67 % but saw a reduction from the preceding quarter by -4.38 %.
Tax expenses as a percentage of profits increased slightly by 4.29 % compared to last year, with a more notable quarter-on-quarter increase of 8.1 %. Net profit fell by -11.48 % year-on-year but witnessed a -14.71 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -15.47 % but a quarterly fall of -9.81 %. In summary, ROUTE MOBILE 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. 967.34 Cr | Rs. 1017.03 Cr | Rs. 1103.42 Cr | + 8.49 % | + 14.07 % |
| Expenses | Rs. 844.19 Cr | Rs. 891.59 Cr | Rs. 979.67 Cr | + 9.88 % | + 16.05 % |
| Operating Profit | Rs. 123.15 Cr | Rs. 125.44 Cr | Rs. 123.75 Cr | -1.35 % | + 0.49 % |
| Net Profit | Rs. 91.69 Cr | Rs. 95.16 Cr | Rs. 81.16 Cr | -14.71 % | -11.48 % |
| EPS in Rs | Rs. 14.8 | Rs. 13.87 | Rs. 12.51 | -9.81 % | -15.47 % |
In reviewing ROUTE MOBILE LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 14.07 % year-on-year growth, however, there was a minor increase of 8.49 % from the previous quarter. Expenses rose by 16.05 % compared to the previous year, with a 9.88 % increase quarter-on-quarter. Operating Profit surged by 0.49 % annually, and saw a -1.35 % decrease from the last quarter.
Net Profit showed yearly decrease of -11.48 %, and experienced a -14.71 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -15.47 % annually, however dipped by -9.81 % compared to the last quarter. In essence, while ROUTE MOBILE 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.
