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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 -17.03 % over the year, decrease in net sales/revenue by -12.92 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -36.59 %, Marginal decrease of -62.86% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Cosmo Ferrites Ltd.,. Profit dropped by -569.44 % Year to Year, Cosmo Ferrites Ltd.,’s profitability increased by 225 % in this quarter.
- EPS over the Year and quarter: EPS declined by -554.84 % Year to Year. EPS increased by 220.45 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 26.96 Cr | Rs. 25.69 Cr | Rs. 22.37 Cr | -12.92 % | -17.03 % |
Expenses | Rs. 23.93 Cr | Rs. 23.99 Cr | Rs. 21.96 Cr | -8.46 % | -8.23 % |
Operating Profit | Rs. 3.03 Cr | Rs. 1.7 Cr | Rs. 0.41 Cr | -75.88 % | -86.47 % |
OPM % | 11.24 % | 6.62 % | 1.83 % | -4.79 % | -9.41 % |
Other Income | Rs. 0.41 Cr | Rs. 0.7 Cr | Rs. 0.26 Cr | -62.86 % | -36.59 % |
Interest | Rs. 1.92 Cr | Rs. 1.81 Cr | Rs. 1.73 Cr | -4.42 % | -9.9 % |
Depreciation | Rs. 1.2 Cr | Rs. 1.23 Cr | Rs. 1.19 Cr | -3.25 % | -0.83 % |
Profit before tax | Rs. 0.32 Cr | Rs. -0.64 Cr | Rs. -2.25 Cr | -251.56 % | -803.13 % |
Tax % | 12.5 % | -18.75 % | -24.89 % | -6.14 % | -37.39 % |
Net Profit | Rs. 0.36 Cr | Rs. -0.52 Cr | Rs. -1.69 Cr | -225 % | -569.44 % |
EPS in Rs | Rs. 0.31 | Rs. -0.44 | Rs. -1.41 | -220.45 % | -554.84 % |
Today, we’re looking at Cosmo Ferrites Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -17.03 %. However, it did see a marginal slip of -12.92 % from the previous quarter. Expenses decreased slightly by -8.46 % quarter-on-quarter, aligning with the annual decline of -8.23 %. Operating profit, while down -86.47 % compared to last year, faced a quarter-on-quarter dip of -75.88 %, 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 -9.41 %, but a shrinkage of -4.79 % sequentially. Other income fell by -62.86 % compared to the last quarter, despite an annual decline of -36.59 %. Interest expenses dropped significantly by -4.42 % from the previous quarter, yet the year-over-year decrease remains at a moderate -9.9 %. Depreciation costs fell by -3.25 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -0.83 %. Profit before tax declined annually by -803.13 % but saw a reduction from the preceding quarter by -251.56 %.
Tax expenses as a percentage of profits decreased slightly by -37.39 % compared to last year, with a more notable quarter-on-quarter decrease of -6.14 %. Net profit fell by -569.44 % year-on-year but witnessed a -225 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -554.84 % but a quarterly fall of -220.45 %. In summary, Cosmo Ferrites Ltd.,’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. 26.96 Cr | Rs. 25.69 Cr | Rs. 22.37 Cr | -12.92 % | -17.03 % |
Expenses | Rs. 23.93 Cr | Rs. 23.99 Cr | Rs. 21.96 Cr | -8.46 % | -8.23 % |
Operating Profit | Rs. 3.03 Cr | Rs. 1.7 Cr | Rs. 0.41 Cr | -75.88 % | -86.47 % |
Net Profit | Rs. 0.36 Cr | Rs. -0.52 Cr | Rs. -1.69 Cr | -225 % | -569.44 % |
EPS in Rs | Rs. 0.31 | Rs. -0.44 | Rs. -1.41 | -220.45 % | -554.84 % |
In reviewing Cosmo Ferrites Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -17.03 % year-on-year, although there was a slight dip of -12.92 % from the previous quarter. Expenses decreased by -8.23 % compared to the previous year, with a decrease of -8.46 % quarter-on-quarter. Operating Profit dropped by -86.47 % annually, and saw a -75.88 % decrease from the last quarter.
Net Profit showed yearly decrease of -569.44 %, and experienced a -225 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -554.84 % annually, however dipped by -220.45 % compared to the last quarter. In essence, while Cosmo Ferrites Ltd., 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.