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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 29.61 % in the past year, substantial increase in net sales/revenue by 6.55 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -15.43 %, Marginal decrease of -37.02% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Fusion Micro Finance Limited. Profit dropped by -129.57 % Year to Year, Fusion Micro Finance Limited’s profitability dropped by -126.84 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -129.50 % Year to Year. EPS decreased by -126.82 % 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. 531.07 Cr | Rs. 645.99 Cr | Rs. 688.32 Cr | + 6.55 % | + 29.61 % |
Expenses | Rs. 208.08 Cr | Rs. 285.77 Cr | Rs. 531.63 Cr | + 86.03 % | + 155.49 % |
Operating Profit | Rs. 322.99 Cr | Rs. 360.22 Cr | Rs. 156.69 Cr | -56.5 % | -51.49 % |
OPM % | 60.82 % | 55.76 % | 22.76 % | -33 % | -38.06 % |
Other Income | Rs. 21.71 Cr | Rs. 29.15 Cr | Rs. 18.36 Cr | -37.02 % | -15.43 % |
Interest | Rs. 183.48 Cr | Rs. 214.88 Cr | Rs. 223.41 Cr | + 3.97 % | + 21.76 % |
Depreciation | Rs. 1.76 Cr | Rs. 2.78 Cr | Rs. 2.36 Cr | -15.11 % | + 34.09 % |
Profit before tax | Rs. 159.46 Cr | Rs. 171.71 Cr | Rs. -50.72 Cr | -129.54 % | -131.81 % |
Tax % | 24.46 % | 22.72 % | -29.77 % | -52.49 % | -54.23 % |
Net Profit | Rs. 120.46 Cr | Rs. 132.69 Cr | Rs. -35.62 Cr | -126.84 % | -129.57 % |
EPS in Rs | Rs. 11.93 | Rs. 13.15 | Rs. -3.53 | -126.84 % | -129.59 % |
Today, we’re looking at Fusion Micro Finance 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 29.61 %. However, it did see a marginal increase of 6.55 % from the previous quarter. Expenses ticked up slightly by 86.03 % quarter-on-quarter, aligning with the annual rise of 155.49 %. Operating profit, while down -51.49 % compared to last year, faced a quarter-on-quarter dip of -56.5 %, 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 -38.06 %, but a shrinkage of -33 % sequentially. Other income fell by -37.02 % compared to the last quarter, despite an annual decline of -15.43 %. Interest expenses surged remarkably by 3.97 % from the previous quarter, yet the year-over-year increase remains at a moderate 21.76 %. Depreciation costs fell by -15.11 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 34.09 %. Profit before tax declined annually by -131.81 % but saw a reduction from the preceding quarter by -129.54 %.
Tax expenses as a percentage of profits decreased slightly by -54.23 % compared to last year, with a more notable quarter-on-quarter decrease of -52.49 %. Net profit fell by -129.57 % year-on-year but witnessed a -126.84 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -129.59 % but a quarterly fall of -126.84 %. In summary, Fusion Micro Finance 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. 531.07 Cr | Rs. 645.99 Cr | Rs. 688.32 Cr | + 6.55 % | + 29.61 % |
Expenses | Rs. 208.08 Cr | Rs. 285.77 Cr | Rs. 531.63 Cr | + 86.03 % | + 155.49 % |
Operating Profit | Rs. 322.99 Cr | Rs. 360.22 Cr | Rs. 156.69 Cr | -56.5 % | -51.49 % |
Net Profit | Rs. 120.46 Cr | Rs. 132.69 Cr | Rs. -35.62 Cr | -126.84 % | -129.57 % |
EPS in Rs | Rs. 11.93 | Rs. 13.15 | Rs. -3.53 | -126.84 % | -129.59 % |
In reviewing Fusion Micro Finance Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 29.61 % year-on-year growth, however, there was a minor increase of 6.55 % from the previous quarter. Expenses rose by 155.49 % compared to the previous year, with a 86.03 % increase quarter-on-quarter. Operating Profit dropped by -51.49 % annually, and saw a -56.5 % decrease from the last quarter.
Net Profit showed yearly decrease of -129.57 %, and experienced a -126.84 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -129.59 % annually, however dipped by -126.84 % compared to the last quarter. In essence, while Fusion Micro Finance 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.