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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 1.14 % in the past year, decrease in net sales/revenue by -14.57 %.
- 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 4.02 %. Marginal increase in other income during this quarter, up by 102.02%.
- Profit over the Year and quarter: Significant improvement in profitability for JM Financial Limited. Notable increase of 5.9 % in net profit Year to Year, JM Financial Limited’s profitability dropped by -127.74 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 2.87 % Year to Year. EPS decreased by -174.9 % 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. 1064.95 Cr | Rs. 1260.7 Cr | Rs. 1077.05 Cr | -14.57 % | + 1.14 % |
| Expenses | Rs. 472.77 Cr | Rs. 579.97 Cr | Rs. 462.16 Cr | -20.31 % | -2.24 % |
| Operating Profit | Rs. 592.18 Cr | Rs. 680.73 Cr | Rs. 614.89 Cr | -9.67 % | + 3.83 % |
| OPM % | 55.61 % | 54 % | 57.09 % | + 3.09 % | + 1.48 % |
| Other Income | Rs. 16.17 Cr | Rs. -831.44 Cr | Rs. 16.82 Cr | + 102.02 % | + 4.02 % |
| Interest | Rs. 365.88 Cr | Rs. 407.25 Cr | Rs. 370.22 Cr | -9.09 % | + 1.19 % |
| Depreciation | Rs. 12.03 Cr | Rs. 14.16 Cr | Rs. 16.24 Cr | + 14.69 % | + 35 % |
| Profit before tax | Rs. 230.44 Cr | Rs. -572.12 Cr | Rs. 245.25 Cr | + 142.87 % | + 6.43 % |
| Tax % | 23.93 % | -17.96 % | 24.25 % | + 42.21 % | + 0.32 % |
| Net Profit | Rs. 176.56 Cr | Rs. -674.1 Cr | Rs. 186.98 Cr | + 127.74 % | + 5.9 % |
| EPS in Rs | Rs. 1.74 | Rs. -2.39 | Rs. 1.79 | + 174.9 % | + 2.87 % |
Today, we’re looking at JM Financial 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 1.14 %. However, it did see a marginal slip of -14.57 % from the previous quarter. Expenses decreased slightly by -20.31 % quarter-on-quarter, aligning with the annual decline of -2.24 %. Operating profit, while up 3.83 % compared to last year, faced a quarter-on-quarter dip of -9.67 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.48 %, but an expansion of 3.09 % sequentially. Other income rose by 102.02 % compared to the last quarter, despite an annual growth of 4.02 %. Interest expenses dropped significantly by -9.09 % from the previous quarter, yet the year-over-year increase remains at a moderate 1.19 %. Depreciation costs climbed by 14.69 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 35 %. Profit before tax grew annually by 6.43 % but saw an increase from the preceding quarter by 142.87 %.
Tax expenses as a percentage of profits increased slightly by 0.32 % compared to last year, with a more notable quarter-on-quarter increase of 42.21 %. Net profit rose by 5.9 % year-on-year but experienced a 127.74 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 2.87 % but a quarterly rise of 174.9 %. In summary, JM Financial 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. 1064.95 Cr | Rs. 1260.7 Cr | Rs. 1077.05 Cr | -14.57 % | + 1.14 % |
| Expenses | Rs. 472.77 Cr | Rs. 579.97 Cr | Rs. 462.16 Cr | -20.31 % | -2.24 % |
| Operating Profit | Rs. 592.18 Cr | Rs. 680.73 Cr | Rs. 614.89 Cr | -9.67 % | + 3.83 % |
| Net Profit | Rs. 176.56 Cr | Rs. -674.1 Cr | Rs. 186.98 Cr | + 127.74 % | + 5.9 % |
| EPS in Rs | Rs. 1.74 | Rs. -2.39 | Rs. 1.79 | + 174.9 % | + 2.87 % |
In reviewing JM Financial Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 1.14 % year-on-year growth, although there was a slight dip of -14.57 % from the previous quarter. Expenses decreased by -2.24 % compared to the previous year, with a decrease of -20.31 % quarter-on-quarter. Operating Profit surged by 3.83 % annually, and saw a -9.67 % decrease from the last quarter.
Net Profit showed yearly increase of 5.9 %, and experienced a 127.74 % increase from the previous quarter. Earnings Per Share (EPS) rose by 2.87 % annually, however rose by 174.9 % compared to the last quarter. In essence, while JM Financial 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.
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