Share the post "Citizen Infoline announces Q1 Report: Revenue Dropped by 21.98% YoY"
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 -21.98 % over the year, decrease in net sales/revenue by -38.39 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -5.43 %, Marginal decrease of -4.4% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Citizen Infoline Ltd.. Notable increase of 700 % in net profit Year to Year, Citizen Infoline Ltd.’s profitability dropped by -161.54 % Quarter to Quarter.
- EPS over the Year and quarter: EPS decreased by -200 % 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. 1.01 Cr | Rs. 1.279 Cr | Rs. 0.788 Cr | -38.39 % | -21.98 % |
| Expenses | Rs. 1.1 Cr | Rs. 1.38 Cr | Rs. 0.87 Cr | -36.96 % | -20.91 % |
| Operating Profit | Rs. -0.09 Cr | Rs. -0.1 Cr | Rs. -0.08 Cr | + 20 % | + 11.11 % |
| OPM % | -8.91 % | -7.82 % | -10.15 % | -2.33 % | -1.24 % |
| Other Income | Rs. 0.092 Cr | Rs. 0.091 Cr | Rs. 0.087 Cr | -4.4 % | -5.43 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. 0 Cr | Rs. -0.01 Cr | Rs. 0.01 Cr | + 200 % | 0 % |
| Tax % | 0 % | -0 % | 0 % | 0 % | 0 % |
| Net Profit | Rs. 0 Cr | Rs. -0.01 Cr | Rs. 0.01 Cr | + 200 % | 0 % |
| EPS in Rs | Rs. 0 | Rs. -0.02 | Rs. 0.02 | + 200 % | 0 % |
Today, we’re looking at Citizen Infoline 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 -21.98 %. However, it did see a marginal slip of -38.39 % from the previous quarter. Expenses decreased slightly by -36.96 % quarter-on-quarter, aligning with the annual decline of -20.91 %. Operating profit, while up 11.11 % compared to last year, faced a quarter-on-quarter increase of 20 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.24 %, but a shrinkage of -2.33 % sequentially. Other income fell by -4.4 % compared to the last quarter, despite an annual decline of -5.43 %. but saw an increase from the preceding quarter by 200 %.
but experienced a 200 % expansion from the last quarter. but a quarterly rise of 200 %. In summary, Citizen Infoline 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. 1.01 Cr | Rs. 1.279 Cr | Rs. 0.788 Cr | -38.39 % | -21.98 % |
| Expenses | Rs. 1.1 Cr | Rs. 1.38 Cr | Rs. 0.87 Cr | -36.96 % | -20.91 % |
| Operating Profit | Rs. -0.09 Cr | Rs. -0.1 Cr | Rs. -0.08 Cr | + 20 % | + 11.11 % |
| Net Profit | Rs. 0 Cr | Rs. -0.01 Cr | Rs. 0.01 Cr | + 200 % | 0 % |
| EPS in Rs | Rs. 0 | Rs. -0.02 | Rs. 0.02 | + 200 % | 0 % |
In reviewing Citizen Infoline Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -21.98 % year-on-year, although there was a slight dip of -38.39 % from the previous quarter. Expenses decreased by -20.91 % compared to the previous year, with a decrease of -36.96 % quarter-on-quarter. Operating Profit surged by 11.11 % annually, and saw a 20 % increase from the last quarter.
and experienced a 200 % increase from the previous quarter. however rose by 200 % compared to the last quarter. In essence, while Citizen Infoline Ltd. faces strong annual decline 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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