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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 8.82 % in the past year, substantial increase in net sales/revenue by 10.19 %.
- 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 6.41 %. Marginal decrease of -19.09% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Frontline Corporation Limited. Notable increase of 183.09 % in net profit Year to Year, Frontline Corporation Limited’s profitability increased by 54.62 % in this quarter.
- EPS over the Year and quarter: EPS increased by 185.19 % Year to Year. EPS increased by 54 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 22.842 Cr | Rs. 22.559 Cr | Rs. 24.857 Cr | + 10.19 % | + 8.82 % |
| Expenses | Rs. 22.83 Cr | Rs. 23.02 Cr | Rs. 24.43 Cr | + 6.13 % | + 7.01 % |
| Operating Profit | Rs. 0.01 Cr | Rs. -0.46 Cr | Rs. 0.43 Cr | + 193.48 % | + 4200 % |
| OPM % | 0.04 % | -2.04 % | 1.73 % | + 3.77 % | + 1.69 % |
| Other Income | Rs. 0.733 Cr | Rs. 0.964 Cr | Rs. 0.78 Cr | -19.09 % | + 6.41 % |
| Interest | Rs. 0.01 Cr | Rs. 0.18 Cr | Rs. 0.21 Cr | + 16.67 % | + 2000 % |
| Depreciation | Rs. 0.42 Cr | Rs. 0.39 Cr | Rs. 0.47 Cr | + 20.51 % | + 11.9 % |
| Profit before tax | Rs. 0.31 Cr | Rs. -0.07 Cr | Rs. 0.53 Cr | + 857.14 % | + 70.97 % |
| Tax % | 56.92 % | -483.08 % | 27.08 % | + 510.16 % | -29.84 % |
| Net Profit | Rs. 0.14 Cr | Rs. 0.25 Cr | Rs. 0.39 Cr | + 56 % | + 178.57 % |
| EPS in Rs | Rs. 0.27 | Rs. 0.5 | Rs. 0.77 | + 54 % | + 185.19 % |
Today, we’re looking at Frontline Corporation Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 8.82 %. However, it did see a marginal increase of 10.19 % from the previous quarter. Expenses ticked up slightly by 6.13 % quarter-on-quarter, aligning with the annual rise of 7.01 %. Operating profit, while up 4200 % compared to last year, faced a quarter-on-quarter increase of 193.48 %, 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 1.69 %, but an expansion of 3.77 % sequentially. Other income fell by -19.09 % compared to the last quarter, despite an annual growth of 6.41 %. Interest expenses surged remarkably by 16.67 % from the previous quarter, yet the year-over-year increase remains at a moderate 2000 %. Depreciation costs climbed by 20.51 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 11.9 %. Profit before tax grew annually by 70.97 % but saw an increase from the preceding quarter by 857.14 %.
Tax expenses as a percentage of profits decreased slightly by -29.84 % compared to last year, with a more notable quarter-on-quarter increase of 510.16 %. Net profit rose by 178.57 % year-on-year but experienced a 56 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 185.19 % but a quarterly rise of 54 %. In summary, Frontline Corporation 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. 22.842 Cr | Rs. 22.559 Cr | Rs. 24.857 Cr | + 10.19 % | + 8.82 % |
| Expenses | Rs. 22.83 Cr | Rs. 23.02 Cr | Rs. 24.43 Cr | + 6.13 % | + 7.01 % |
| Operating Profit | Rs. 0.01 Cr | Rs. -0.46 Cr | Rs. 0.43 Cr | + 193.48 % | + 4200 % |
| Net Profit | Rs. 0.14 Cr | Rs. 0.25 Cr | Rs. 0.39 Cr | + 56 % | + 178.57 % |
| EPS in Rs | Rs. 0.27 | Rs. 0.5 | Rs. 0.77 | + 54 % | + 185.19 % |
In reviewing Frontline Corporation Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 8.82 % year-on-year growth, however, there was a minor increase of 10.19 % from the previous quarter. Expenses rose by 7.01 % compared to the previous year, with a 6.13 % increase quarter-on-quarter. Operating Profit surged by 4200 % annually, and saw a 193.48 % increase from the last quarter.
Net Profit showed yearly increase of 178.57 %, and experienced a 56 % increase from the previous quarter. Earnings Per Share (EPS) rose by 185.19 % annually, however rose by 54 % compared to the last quarter. In essence, while Frontline Corporation Limited 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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