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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’s sales declined by -36.42 % over the year, substantial increase in net sales/revenue by 302.69 %.
- 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 578.13 %. Marginal decrease of -21.38% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for 7NR Retail Limited. Profit dropped by -804.17 % Year to Year, 7NR Retail Limited’s profitability increased by 120.43 % in this quarter.
- EPS over the Year and quarter: EPS decreased by -100 % 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. 6.365 Cr | Rs. 1.005 Cr | Rs. 4.047 Cr | + 302.69 % | -36.42 % |
Expenses | Rs. 6.26 Cr | Rs. 1.69 Cr | Rs. 4.91 Cr | + 190.53 % | -21.57 % |
Operating Profit | Rs. 0.11 Cr | Rs. -0.69 Cr | Rs. -0.86 Cr | -24.64 % | -881.82 % |
OPM % | 1.73 % | -68.66 % | -21.25 % | + 47.41 % | -22.98 % |
Other Income | Rs. 0.064 Cr | Rs. 0.552 Cr | Rs. 0.434 Cr | -21.38 % | + 578.13 % |
Interest | Rs. 0.02 Cr | Rs. 0.09 Cr | Rs. 0.01 Cr | -88.89 % | -50 % |
Depreciation | Rs. 0.07 Cr | Rs. 0.07 Cr | Rs. 0.07 Cr | + 0 % | + 0 % |
Profit before tax | Rs. 0.08 Cr | Rs. -0.3 Cr | Rs. -0.51 Cr | -70 % | -737.5 % |
Tax % | 9.88 % | -20.14 % | -0 % | + 20.14 % | -9.88 % |
Net Profit | Rs. 0.07 Cr | Rs. -0.23 Cr | Rs. -0.51 Cr | -121.74 % | -828.57 % |
EPS in Rs | Rs. 0 | Rs. -0.01 | Rs. 0 | 0 % | 0 % |
Today, we’re looking at 7NR Retail Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -36.42 %. However, it did see a marginal increase of 302.69 % from the previous quarter. Expenses ticked up slightly by 190.53 % quarter-on-quarter, aligning with the annual decline of -21.57 %. Operating profit, while down -881.82 % compared to last year, faced a quarter-on-quarter dip of -24.64 %, 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 -22.98 %, but an expansion of 47.41 % sequentially. Other income fell by -21.38 % compared to the last quarter, despite an annual growth of 578.13 %. Interest expenses dropped significantly by -88.89 % from the previous quarter, yet the year-over-year decrease remains at a moderate -50 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -737.5 % but saw a reduction from the preceding quarter by -70 %.
Tax expenses as a percentage of profits decreased slightly by -9.88 % compared to last year, with a more notable quarter-on-quarter increase of 20.14 %. Net profit fell by -828.57 % year-on-year but witnessed a -121.74 % contraction from the last quarter. In summary, 7NR Retail 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. 6.365 Cr | Rs. 1.005 Cr | Rs. 4.047 Cr | + 302.69 % | -36.42 % |
Expenses | Rs. 6.26 Cr | Rs. 1.69 Cr | Rs. 4.91 Cr | + 190.53 % | -21.57 % |
Operating Profit | Rs. 0.11 Cr | Rs. -0.69 Cr | Rs. -0.86 Cr | -24.64 % | -881.82 % |
Net Profit | Rs. 0.07 Cr | Rs. -0.23 Cr | Rs. -0.51 Cr | -121.74 % | -828.57 % |
EPS in Rs | Rs. 0 | Rs. -0.01 | Rs. 0 | 0 % | 0 % |
In reviewing 7NR Retail Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -36.42 % year-on-year, however, there was a minor increase of 302.69 % from the previous quarter. Expenses decreased by -21.57 % compared to the previous year, with a 190.53 % increase quarter-on-quarter. Operating Profit dropped by -881.82 % annually, and saw a -24.64 % decrease from the last quarter.
Net Profit showed yearly decrease of -828.57 %, and experienced a -121.74 % decrease from the previous quarter. In essence, while 7NR Retail 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.