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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’s sales declined by -49.12 % over the year, decrease in net sales/revenue by -92.95 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -82.65 %, Marginal decrease of -90.34% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Nimbus Projects Limited. Profit dropped by -2683.04 % Year to Year, Nimbus Projects Limited’s profitability dropped by -333.51 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -2,676.19 % Year to Year. EPS decreased by -333.69 % 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. 0.678 Cr | Rs. 4.897 Cr | Rs. 0.345 Cr | -92.95 % | -49.12 % |
Expenses | Rs. 1.98 Cr | Rs. 3.74 Cr | Rs. 10.94 Cr | + 192.51 % | + 452.53 % |
Operating Profit | Rs. -1.3 Cr | Rs. 1.16 Cr | Rs. -10.6 Cr | -1013.79 % | -715.38 % |
OPM % | -191.74 % | 23.69 % | -3072.46 % | -3096.15 % | -2880.72 % |
Other Income | Rs. 3.325 Cr | Rs. 5.971 Cr | Rs. 0.577 Cr | -90.34 % | -82.65 % |
Interest | Rs. 1.24 Cr | Rs. 1.34 Cr | Rs. 1.67 Cr | + 24.63 % | + 34.68 % |
Depreciation | Rs. 0.05 Cr | Rs. 0.07 Cr | Rs. 0.05 Cr | -28.57 % | + 0 % |
Profit before tax | Rs. 0.74 Cr | Rs. 5.72 Cr | Rs. -11.74 Cr | -305.24 % | -1686.49 % |
Tax % | 37.72 % | 12.35 % | -0.07 % | -12.42 % | -37.79 % |
Net Profit | Rs. 0.45 Cr | Rs. 5.02 Cr | Rs. -11.73 Cr | -333.67 % | -2706.67 % |
EPS in Rs | Rs. 0.42 | Rs. 4.63 | Rs. -10.82 | -333.69 % | -2676.19 % |
Today, we’re looking at Nimbus Projects 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 -49.12 %. However, it did see a marginal slip of -92.95 % from the previous quarter. Expenses ticked up slightly by 192.51 % quarter-on-quarter, aligning with the annual rise of 452.53 %. Operating profit, while down -715.38 % compared to last year, faced a quarter-on-quarter dip of -1013.79 %, 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 -2880.72 %, but a shrinkage of -3096.15 % sequentially. Other income fell by -90.34 % compared to the last quarter, despite an annual decline of -82.65 %. Interest expenses surged remarkably by 24.63 % from the previous quarter, yet the year-over-year increase remains at a moderate 34.68 %. Depreciation costs fell by -28.57 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -1686.49 % but saw a reduction from the preceding quarter by -305.24 %.
Tax expenses as a percentage of profits decreased slightly by -37.79 % compared to last year, with a more notable quarter-on-quarter decrease of -12.42 %. Net profit fell by -2706.67 % year-on-year but witnessed a -333.67 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -2676.19 % but a quarterly fall of -333.69 %. In summary, Nimbus Projects 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. 0.678 Cr | Rs. 4.897 Cr | Rs. 0.345 Cr | -92.95 % | -49.12 % |
Expenses | Rs. 1.98 Cr | Rs. 3.74 Cr | Rs. 10.94 Cr | + 192.51 % | + 452.53 % |
Operating Profit | Rs. -1.3 Cr | Rs. 1.16 Cr | Rs. -10.6 Cr | -1013.79 % | -715.38 % |
Net Profit | Rs. 0.45 Cr | Rs. 5.02 Cr | Rs. -11.73 Cr | -333.67 % | -2706.67 % |
EPS in Rs | Rs. 0.42 | Rs. 4.63 | Rs. -10.82 | -333.69 % | -2676.19 % |
In reviewing Nimbus Projects Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -49.12 % year-on-year, although there was a slight dip of -92.95 % from the previous quarter. Expenses rose by 452.53 % compared to the previous year, with a 192.51 % increase quarter-on-quarter. Operating Profit dropped by -715.38 % annually, and saw a -1013.79 % decrease from the last quarter.
Net Profit showed yearly decrease of -2706.67 %, and experienced a -333.67 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -2676.19 % annually, however dipped by -333.69 % compared to the last quarter. In essence, while Nimbus Projects 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.