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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 8.77 % in the past year, decrease in net sales/revenue by -8.08 %.
- 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 265.71 %. Marginal increase in other income during this quarter, up by 102.79%.
- Profit over the Year and quarter: Significant improvement in profitability for Liberty Shoes Limited. Notable increase of 39.21 % in net profit Year to Year, Liberty Shoes Limited’s profitability dropped by -6.44 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 39.09 % Year to Year. EPS decreased by -1.08 % 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. 143.355 Cr | Rs. 169.638 Cr | Rs. 155.928 Cr | -8.08 % | + 8.77 % |
Expenses | Rs. 127.7 Cr | Rs. 144.3 Cr | Rs. 139.85 Cr | -3.08 % | + 9.51 % |
Operating Profit | Rs. 15.66 Cr | Rs. 25.34 Cr | Rs. 16.08 Cr | -36.54 % | + 2.68 % |
OPM % | 10.92 % | 14.94 % | 10.31 % | -4.63 % | -0.61 % |
Other Income | Rs. 0.035 Cr | Rs. -4.588 Cr | Rs. 0.128 Cr | + 102.79 % | + 265.71 % |
Interest | Rs. 3.64 Cr | Rs. 3.17 Cr | Rs. 3.02 Cr | -4.73 % | -17.03 % |
Depreciation | Rs. 7.52 Cr | Rs. 10.85 Cr | Rs. 6.55 Cr | -39.63 % | -12.9 % |
Profit before tax | Rs. 4.54 Cr | Rs. 6.73 Cr | Rs. 6.64 Cr | -1.34 % | + 46.26 % |
Tax % | 26.15 % | 25.89 % | 29.73 % | + 3.84 % | + 3.58 % |
Net Profit | Rs. 3.35 Cr | Rs. 4.98 Cr | Rs. 4.66 Cr | -6.43 % | + 39.1 % |
EPS in Rs | Rs. 1.97 | Rs. 2.77 | Rs. 2.74 | -1.08 % | + 39.09 % |
Today, we’re looking at Liberty Shoes 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 8.77 %. However, it did see a marginal slip of -8.08 % from the previous quarter. Expenses decreased slightly by -3.08 % quarter-on-quarter, aligning with the annual rise of 9.51 %. Operating profit, while up 2.68 % compared to last year, faced a quarter-on-quarter dip of -36.54 %, 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 -0.61 %, but a shrinkage of -4.63 % sequentially. Other income rose by 102.79 % compared to the last quarter, despite an annual growth of 265.71 %. Interest expenses dropped significantly by -4.73 % from the previous quarter, yet the year-over-year decrease remains at a moderate -17.03 %. Depreciation costs fell by -39.63 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -12.9 %. Profit before tax grew annually by 46.26 % but saw a reduction from the preceding quarter by -1.34 %.
Tax expenses as a percentage of profits increased slightly by 3.58 % compared to last year, with a more notable quarter-on-quarter increase of 3.84 %. Net profit rose by 39.1 % year-on-year but witnessed a -6.43 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 39.09 % but a quarterly fall of -1.08 %. In summary, Liberty Shoes 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. 143.355 Cr | Rs. 169.638 Cr | Rs. 155.928 Cr | -8.08 % | + 8.77 % |
Expenses | Rs. 127.7 Cr | Rs. 144.3 Cr | Rs. 139.85 Cr | -3.08 % | + 9.51 % |
Operating Profit | Rs. 15.66 Cr | Rs. 25.34 Cr | Rs. 16.08 Cr | -36.54 % | + 2.68 % |
Net Profit | Rs. 3.35 Cr | Rs. 4.98 Cr | Rs. 4.66 Cr | -6.43 % | + 39.1 % |
EPS in Rs | Rs. 1.97 | Rs. 2.77 | Rs. 2.74 | -1.08 % | + 39.09 % |
In reviewing Liberty Shoes Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 8.77 % year-on-year growth, although there was a slight dip of -8.08 % from the previous quarter. Expenses rose by 9.51 % compared to the previous year, with a decrease of -3.08 % quarter-on-quarter. Operating Profit surged by 2.68 % annually, and saw a -36.54 % decrease from the last quarter.
Net Profit showed yearly increase of 39.1 %, and experienced a -6.43 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 39.09 % annually, however dipped by -1.08 % compared to the last quarter. In essence, while Liberty Shoes Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.