NIFTY 50 22795.9 ▼ (0.51%)
NIFTY NEXT 50 60466.8 ▼ (0.94%)
NIFTY 100 23274.05 ▼ (0.59%)
NIFTY MIDCAP 100 50486.2 ▼ (1.32%)
NIFTY SMALLCAP 100 15636.9 ▼ (0.7%)
NIFTY SMALLCAP 250 14683.4 ▼ (0.57%)
NIFTY MIDCAP SELECT 11198.9 ▼ (1.69%)
NIFTY TOTAL MARKET 11634.25 ▼ (0.67%)
NIFTY BANK 48981.2 ▼ (0.72%)
SENSEX 75311.06 ▼ (0.56%)
BSE BANKEX 55718.18 ▼ (0.82%)

CROISSANCE ‘s Q1 Results: Profit Drops by 50% YoY

September 20, 2024September 20, 2024| adminadmin| 0 Comments| 11:55 am
Image is loading
Categories:

Share the post "CROISSANCE ‘s Q1 Results: Profit Drops by 50% YoY"

  • Facebook
  • LinkedIn
  • X
  • Tumblr
  • WhatsApp
  • TelegramTelegram
  • Email

Highlights

  • The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
  • 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 144.19 %. Marginal increase in other income during this quarter, up by 1212.5%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for CROISSANCE LIMITED. Profit dropped by -69.57 % Year to Year, CROISSANCE LIMITED’s profitability dropped by -110.45 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS decreased by -200 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of CROISSANCE LIMITED‘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. 0.4 Cr Rs. 0 Cr Rs. 0 Cr 0 % 0 %
Expenses Rs. 0.41 Cr Rs. 0.06 Cr Rs. 0.1 Cr + 66.67 % -75.61 %
Operating Profit Rs. -0.01 Cr Rs. -0.06 Cr Rs. -0.1 Cr -66.67 % -900 %
OPM % -2.5 % 0 % 0 % 0 % + 2.5 %
Other Income Rs. 0.043 Cr Rs. 0.008 Cr Rs. 0.105 Cr + 1212.5 % + 144.19 %
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. 0.03 Cr Rs. -0.05 Cr Rs. 0.01 Cr + 120 % -66.67 %
Tax % 26.67 % -31.37 % 0 % + 31.37 % -26.67 %
Net Profit Rs. 0.02 Cr Rs. -0.07 Cr Rs. 0.01 Cr + 114.29 % -50 %
EPS in Rs Rs. 0 Rs. -0.01 Rs. 0.01 + 200 % 0 %


Today, we’re looking at CROISSANCE LIMITED’s financial performance for the Q1(Jun 2024).Expenses ticked up slightly by 66.67 % quarter-on-quarter, aligning with the annual decline of -75.61 %. Operating profit, while down -900 % compared to last year, faced a quarter-on-quarter dip of -66.67 %, 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 2.5 %, Other income rose by 1212.5 % compared to the last quarter, despite an annual growth of 144.19 %. Profit before tax declined annually by -66.67 % but saw an increase from the preceding quarter by 120 %.
Tax expenses as a percentage of profits decreased slightly by -26.67 % compared to last year, with a more notable quarter-on-quarter increase of 31.37 %. Net profit fell by -50 % year-on-year but experienced a 114.29 % expansion from the last quarter. but a quarterly rise of 200 %. In summary, CROISSANCE LIMITED’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. 0.4 Cr Rs. 0 Cr Rs. 0 Cr 0 % 0 %
Expenses Rs. 0.41 Cr Rs. 0.06 Cr Rs. 0.1 Cr + 66.67 % -75.61 %
Operating Profit Rs. -0.01 Cr Rs. -0.06 Cr Rs. -0.1 Cr -66.67 % -900 %
Net Profit Rs. 0.02 Cr Rs. -0.07 Cr Rs. 0.01 Cr + 114.29 % -50 %
EPS in Rs Rs. 0 Rs. -0.01 Rs. 0.01 + 200 % 0 %


In reviewing CROISSANCE LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses decreased by -75.61 % compared to the previous year, with a 66.67 % increase quarter-on-quarter. Operating Profit dropped by -900 % annually, and saw a -66.67 % decrease from the last quarter.
Net Profit showed yearly decrease of -50 %, and experienced a 114.29 % increase from the previous quarter. however rose by 200 % compared to the last quarter. In essence, while CROISSANCE LIMITED 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.

[my_shortcode1]

Join our telegram for more updates

Stay Updated with Our YouTube Videos

Related Post