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Odyssey Technologies Ltd.’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales increased by 17.25 % in YoY and increased by 47.68 % in QoQ

May 9, 2024May 9, 2024| adminadmin| 0 Comments| 2:35 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 17.25 % in the past year, substantial increase in net sales/revenue by 47.68 %.
  • 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 1.75 %. Marginal increase in other income during this quarter, up by 0%.
  • Profit over the Year and quarter: Significant improvement in profitability for Odyssey Technologies Ltd.. Notable increase of 16.09 % in net profit Year to Year, Odyssey Technologies Ltd.’s profitability increased by 272.55 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 15.52 % Year to Year. EPS increased by 272.22 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Odyssey Technologies 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.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 7.92 Cr Rs. 6.288 Cr Rs. 9.286 Cr + 47.68 % + 17.25 %
Expenses Rs. 4.35 Cr Rs. 5.13 Cr Rs. 5 Cr -2.53 % + 14.94 %
Operating Profit Rs. 3.57 Cr Rs. 1.16 Cr Rs. 4.29 Cr + 269.83 % + 20.17 %
OPM % 45.08 % 18.45 % 46.2 % + 27.75 % + 1.12 %
Other Income Rs. 0.57 Cr Rs. 0.58 Cr Rs. 0.58 Cr + 0 % + 1.75 %
Interest Rs. 0 Cr Rs. 0 Cr Rs. 0 Cr 0 % 0 %
Depreciation Rs. 0.7 Cr Rs. 0.58 Cr Rs. 0.6 Cr + 3.45 % -14.29 %
Profit before tax Rs. 3.44 Cr Rs. 1.16 Cr Rs. 4.27 Cr + 268.1 % + 24.13 %
Tax % 20.01 % 25.69 % 25.32 % -0.37 % + 5.31 %
Net Profit Rs. 2.75 Cr Rs. 0.86 Cr Rs. 3.19 Cr + 270.93 % + 16 %
EPS in Rs Rs. 1.74 Rs. 0.54 Rs. 2.01 + 272.22 % + 15.52 %


Today, we’re looking at Odyssey Technologies Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 17.25 %. However, it did see a marginal increase of 47.68 % from the previous quarter. Expenses decreased slightly by -2.53 % quarter-on-quarter, aligning with the annual rise of 14.94 %. Operating profit, while up 20.17 % compared to last year, faced a quarter-on-quarter increase of 269.83 %, 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 1.12 %, but an expansion of 27.75 % sequentially. Other income rose by 0 % compared to the last quarter, despite an annual growth of 1.75 %. Depreciation costs climbed by 3.45 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -14.29 %. Profit before tax grew annually by 24.13 % but saw an increase from the preceding quarter by 268.1 %.
Tax expenses as a percentage of profits increased slightly by 5.31 % compared to last year, with a more notable quarter-on-quarter decrease of -0.37 %. Net profit rose by 16 % year-on-year but experienced a 270.93 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 15.52 % but a quarterly rise of 272.22 %. In summary, Odyssey Technologies 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. 7.92 Cr Rs. 6.288 Cr Rs. 9.286 Cr + 47.68 % + 17.25 %
Expenses Rs. 4.35 Cr Rs. 5.13 Cr Rs. 5 Cr -2.53 % + 14.94 %
Operating Profit Rs. 3.57 Cr Rs. 1.16 Cr Rs. 4.29 Cr + 269.83 % + 20.17 %
Net Profit Rs. 2.75 Cr Rs. 0.86 Cr Rs. 3.19 Cr + 270.93 % + 16 %
EPS in Rs Rs. 1.74 Rs. 0.54 Rs. 2.01 + 272.22 % + 15.52 %


In reviewing Odyssey Technologies Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 17.25 % year-on-year growth, however, there was a minor increase of 47.68 % from the previous quarter. Expenses rose by 14.94 % compared to the previous year, with a decrease of -2.53 % quarter-on-quarter. Operating Profit surged by 20.17 % annually, and saw a 269.83 % increase from the last quarter.
Net Profit showed yearly increase of 16 %, and experienced a 270.93 % increase from the previous quarter. Earnings Per Share (EPS) rose by 15.52 % annually, however rose by 272.22 % compared to the last quarter. In essence, while Odyssey Technologies 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.

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