Share the post "Classic Leasing & Finance Reports Q1: Revenue Up by 140.54% Year-on-Year"
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 140.54 % in the past year, decrease in net sales/revenue by -47.02 %.
- 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 7.14 %. Marginal decrease of -56.73% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Classic Leasing & Finance Ltd.. Notable increase of 933.33 % in net profit Year to Year, Classic Leasing & Finance Ltd.’s profitability dropped by -60.51 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 950.00 % Year to Year. EPS decreased by -59.62 % 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. 0.037 Cr | Rs. 0.168 Cr | Rs. 0.089 Cr | -47.02 % | + 140.54 % |
| Expenses | Rs. 0.07 Cr | Rs. 0.08 Cr | Rs. 0.07 Cr | -12.5 % | + 0 % |
| Operating Profit | Rs. -0.03 Cr | Rs. 0.09 Cr | Rs. 0.02 Cr | -77.78 % | + 166.67 % |
| OPM % | -81.08 % | 53.57 % | 22.47 % | -31.1 % | + 103.55 % |
| Other Income | Rs. 0.042 Cr | Rs. 0.104 Cr | Rs. 0.045 Cr | -56.73 % | + 7.14 % |
| Interest | Rs. 0 Cr | Rs. 0.03 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0.01 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. 0.01 Cr | Rs. 0.15 Cr | Rs. 0.07 Cr | -53.33 % | + 600 % |
| Tax % | 0 % | 1.29 % | 0 % | -1.29 % | 0 % |
| Net Profit | Rs. 0.01 Cr | Rs. 0.16 Cr | Rs. 0.06 Cr | -62.5 % | + 500 % |
| EPS in Rs | Rs. 0.02 | Rs. 0.52 | Rs. 0.21 | -59.62 % | + 950 % |
Today, we’re looking at Classic Leasing & Finance Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 140.54 %. However, it did see a marginal slip of -47.02 % from the previous quarter. Expenses decreased slightly by -12.5 % quarter-on-quarter, aligning with the annual rise of 0 %. Operating profit, while up 166.67 % compared to last year, faced a quarter-on-quarter dip of -77.78 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 103.55 %, but a shrinkage of -31.1 % sequentially. Other income fell by -56.73 % compared to the last quarter, despite an annual growth of 7.14 %. Profit before tax grew annually by 600 % but saw a reduction from the preceding quarter by -53.33 %.
with a more notable quarter-on-quarter decrease of -1.29 %. Net profit rose by 500 % year-on-year but witnessed a -62.5 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 950 % but a quarterly fall of -59.62 %. In summary, Classic Leasing & Finance 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. 0.037 Cr | Rs. 0.168 Cr | Rs. 0.089 Cr | -47.02 % | + 140.54 % |
| Expenses | Rs. 0.07 Cr | Rs. 0.08 Cr | Rs. 0.07 Cr | -12.5 % | + 0 % |
| Operating Profit | Rs. -0.03 Cr | Rs. 0.09 Cr | Rs. 0.02 Cr | -77.78 % | + 166.67 % |
| Net Profit | Rs. 0.01 Cr | Rs. 0.16 Cr | Rs. 0.06 Cr | -62.5 % | + 500 % |
| EPS in Rs | Rs. 0.02 | Rs. 0.52 | Rs. 0.21 | -59.62 % | + 950 % |
In reviewing Classic Leasing & Finance Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 140.54 % year-on-year growth, although there was a slight dip of -47.02 % from the previous quarter. Expenses rose by 0 % compared to the previous year, with a decrease of -12.5 % quarter-on-quarter. Operating Profit surged by 166.67 % annually, and saw a -77.78 % decrease from the last quarter.
Net Profit showed yearly increase of 500 %, and experienced a -62.5 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 950 % annually, however dipped by -59.62 % compared to the last quarter. In essence, while Classic Leasing & Finance Ltd. exhibits strong annual growth 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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