Share the post "Regent Enterprises announces Q1 results: Profit Rises by 482.35% YoY"
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 7.35 % in the past year, decrease in net sales/revenue by -35.75 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -99.57 %, Marginal increase in other income during this quarter, up by 100.18%.
- Profit over the Year and quarter: Significant improvement in profitability for Regent Enterprises Limited. Notable increase of 480.7 % in net profit Year to Year, Regent Enterprises Limited’s profitability dropped by -1191.21 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 500.00 % Year to Year. EPS decreased by -1100 % 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. 136.074 Cr | Rs. 227.339 Cr | Rs. 146.072 Cr | -35.75 % | + 7.35 % |
| Expenses | Rs. 136.03 Cr | Rs. 226.63 Cr | Rs. 144.87 Cr | -36.08 % | + 6.5 % |
| Operating Profit | Rs. 0.04 Cr | Rs. 0.71 Cr | Rs. 1.2 Cr | + 69.01 % | + 2900 % |
| OPM % | 0.03 % | 0.31 % | 0.82 % | + 0.51 % | + 0.79 % |
| Other Income | Rs. 0.233 Cr | Rs. -0.547 Cr | Rs. 0.001 Cr | + 100.18 % | -99.57 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.11 Cr | Rs. 0.14 Cr | Rs. 0.13 Cr | -7.14 % | + 18.18 % |
| Profit before tax | Rs. 0.16 Cr | Rs. 0.02 Cr | Rs. 1.07 Cr | + 5250 % | + 568.75 % |
| Tax % | 0 % | 450 % | 7.63 % | -442.37 % | + 7.63 % |
| Net Profit | Rs. 0.17 Cr | Rs. -0.09 Cr | Rs. 0.99 Cr | + 1200 % | + 482.35 % |
| EPS in Rs | Rs. 0.05 | Rs. -0.03 | Rs. 0.3 | + 1100 % | + 500 % |
Today, we’re looking at Regent Enterprises 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 7.35 %. However, it did see a marginal slip of -35.75 % from the previous quarter. Expenses decreased slightly by -36.08 % quarter-on-quarter, aligning with the annual rise of 6.5 %. Operating profit, while up 2900 % compared to last year, faced a quarter-on-quarter increase of 69.01 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.79 %, but an expansion of 0.51 % sequentially. Other income rose by 100.18 % compared to the last quarter, despite an annual decline of -99.57 %. Depreciation costs fell by -7.14 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 18.18 %. Profit before tax grew annually by 568.75 % but saw an increase from the preceding quarter by 5250 %.
Tax expenses as a percentage of profits increased slightly by 7.63 % compared to last year, with a more notable quarter-on-quarter decrease of -442.37 %. Net profit rose by 482.35 % year-on-year but experienced a 1200 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 500 % but a quarterly rise of 1100 %. In summary, Regent Enterprises 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. 136.074 Cr | Rs. 227.339 Cr | Rs. 146.072 Cr | -35.75 % | + 7.35 % |
| Expenses | Rs. 136.03 Cr | Rs. 226.63 Cr | Rs. 144.87 Cr | -36.08 % | + 6.5 % |
| Operating Profit | Rs. 0.04 Cr | Rs. 0.71 Cr | Rs. 1.2 Cr | + 69.01 % | + 2900 % |
| Net Profit | Rs. 0.17 Cr | Rs. -0.09 Cr | Rs. 0.99 Cr | + 1200 % | + 482.35 % |
| EPS in Rs | Rs. 0.05 | Rs. -0.03 | Rs. 0.3 | + 1100 % | + 500 % |
In reviewing Regent Enterprises Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7.35 % year-on-year growth, although there was a slight dip of -35.75 % from the previous quarter. Expenses rose by 6.5 % compared to the previous year, with a decrease of -36.08 % quarter-on-quarter. Operating Profit surged by 2900 % annually, and saw a 69.01 % increase from the last quarter.
Net Profit showed yearly increase of 482.35 %, and experienced a 1200 % increase from the previous quarter. Earnings Per Share (EPS) rose by 500 % annually, however rose by 1100 % compared to the last quarter. In essence, while Regent Enterprises 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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