Choksi Imaging ‘s Q1 Update: Profit Grows by 1300% YoY

The comprehensive analytics outlining the performance and outlook of Choksi Imaging Ltd.‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Choksi Imaging 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 239.7 %. However, it did see a marginal increase of 812.67 % from the previous quarter. Expenses ticked up slightly by 94.64 % quarter-on-quarter, aligning with the annual rise of 41.56 %. Operating profit, while up 175.68 % compared to last year, faced a quarter-on-quarter increase of 168.29 %, 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 112.26 %, but an expansion of 293.78 % sequentially. Other income fell by -27.06 % compared to the last quarter, despite an annual decline of -50.53 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 1533.33 % but saw an increase from the preceding quarter by 315 %.
Tax expenses as a percentage of profits increased slightly by 23.04 % compared to last year, with a more notable quarter-on-quarter increase of 275.47 %. Net profit rose by 1300 % year-on-year but experienced a 16.13 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 1414.29 % but a quarterly rise of 15 %. In summary, Choksi Imaging Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Choksi Imaging Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 239.7 % year-on-year growth, however, there was a minor increase of 812.67 % from the previous quarter. Expenses rose by 41.56 % compared to the previous year, with a 94.64 % increase quarter-on-quarter. Operating Profit surged by 175.68 % annually, and saw a 168.29 % increase from the last quarter.
Net Profit showed yearly increase of 1300 %, and experienced a 16.13 % increase from the previous quarter. Earnings Per Share (EPS) rose by 1414.29 % annually, however rose by 15 % compared to the last quarter. In essence, while Choksi Imaging Ltd. 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.