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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 15.18 % in the past year, decrease in net sales/revenue by -9.29 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -49.48 %, Marginal increase in other income during this quarter, up by 30.32%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Faze Three Limited. Profit dropped by -41.31 % Year to Year, Faze Three Limited’s profitability dropped by -18.61 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -41.26 % Year to Year. EPS decreased by -18.53 % 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. 129.43 Cr | Rs. 164.35 Cr | Rs. 149.08 Cr | -9.29 % | + 15.18 % |
| Expenses | Rs. 110.1 Cr | Rs. 145.92 Cr | Rs. 132.65 Cr | -9.09 % | + 20.48 % |
| Operating Profit | Rs. 19.33 Cr | Rs. 18.43 Cr | Rs. 16.43 Cr | -10.85 % | -15 % |
| OPM % | 14.93 % | 11.21 % | 11.02 % | -0.19 % | -3.91 % |
| Other Income | Rs. 4.85 Cr | Rs. 1.88 Cr | Rs. 2.45 Cr | + 30.32 % | -49.48 % |
| Interest | Rs. 2.94 Cr | Rs. 2.81 Cr | Rs. 3.01 Cr | + 7.12 % | + 2.38 % |
| Depreciation | Rs. 4.52 Cr | Rs. 5.75 Cr | Rs. 5.83 Cr | + 1.39 % | + 28.98 % |
| Profit before tax | Rs. 16.72 Cr | Rs. 11.75 Cr | Rs. 10.04 Cr | -14.55 % | -39.95 % |
| Tax % | 26.02 % | 24.09 % | 27.69 % | + 3.6 % | + 1.67 % |
| Net Profit | Rs. 12.37 Cr | Rs. 8.92 Cr | Rs. 7.26 Cr | -18.61 % | -41.31 % |
| EPS in Rs | Rs. 5.09 | Rs. 3.67 | Rs. 2.99 | -18.53 % | -41.26 % |
Today, we’re looking at Faze Three 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 15.18 %. However, it did see a marginal slip of -9.29 % from the previous quarter. Expenses decreased slightly by -9.09 % quarter-on-quarter, aligning with the annual rise of 20.48 %. Operating profit, while down -15 % compared to last year, faced a quarter-on-quarter dip of -10.85 %, 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 -3.91 %, but a shrinkage of -0.19 % sequentially. Other income rose by 30.32 % compared to the last quarter, despite an annual decline of -49.48 %. Interest expenses surged remarkably by 7.12 % from the previous quarter, yet the year-over-year increase remains at a moderate 2.38 %. Depreciation costs climbed by 1.39 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 28.98 %. Profit before tax declined annually by -39.95 % but saw a reduction from the preceding quarter by -14.55 %.
Tax expenses as a percentage of profits increased slightly by 1.67 % compared to last year, with a more notable quarter-on-quarter increase of 3.6 %. Net profit fell by -41.31 % year-on-year but witnessed a -18.61 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -41.26 % but a quarterly fall of -18.53 %. In summary, Faze Three 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. 129.43 Cr | Rs. 164.35 Cr | Rs. 149.08 Cr | -9.29 % | + 15.18 % |
| Expenses | Rs. 110.1 Cr | Rs. 145.92 Cr | Rs. 132.65 Cr | -9.09 % | + 20.48 % |
| Operating Profit | Rs. 19.33 Cr | Rs. 18.43 Cr | Rs. 16.43 Cr | -10.85 % | -15 % |
| Net Profit | Rs. 12.37 Cr | Rs. 8.92 Cr | Rs. 7.26 Cr | -18.61 % | -41.31 % |
| EPS in Rs | Rs. 5.09 | Rs. 3.67 | Rs. 2.99 | -18.53 % | -41.26 % |
In reviewing Faze Three Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 15.18 % year-on-year growth, although there was a slight dip of -9.29 % from the previous quarter. Expenses rose by 20.48 % compared to the previous year, with a decrease of -9.09 % quarter-on-quarter. Operating Profit dropped by -15 % annually, and saw a -10.85 % decrease from the last quarter.
Net Profit showed yearly decrease of -41.31 %, and experienced a -18.61 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -41.26 % annually, however dipped by -18.53 % compared to the last quarter. In essence, while Faze Three 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.
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