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Highlights
- Sales over the Year and quarter: The company’s sales declined by -55.71 % over the year, decrease in net sales/revenue by -49.66 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -96.14 %, Marginal decrease of -97.91% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Abans Holdings Limited. Profit dropped by -6.27 % Year to Year, Abans Holdings Limited’s profitability dropped by -11.28 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -9.44 % Year to Year. EPS decreased by -11.34 % 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. 569.734 Cr | Rs. 501.21 Cr | Rs. 252.323 Cr | -49.66 % | -55.71 % |
Expenses | Rs. 544.81 Cr | Rs. 467.78 Cr | Rs. 215.4 Cr | -53.95 % | -60.46 % |
Operating Profit | Rs. 24.92 Cr | Rs. 33.43 Cr | Rs. 36.92 Cr | + 10.44 % | + 48.15 % |
OPM % | 4.37 % | 6.67 % | 14.63 % | + 7.96 % | + 10.26 % |
Other Income | Rs. 3.11 Cr | Rs. 5.74 Cr | Rs. 0.12 Cr | -97.91 % | -96.14 % |
Interest | Rs. 2.39 Cr | Rs. 13.17 Cr | Rs. 11.64 Cr | -11.62 % | + 387.03 % |
Depreciation | Rs. 0.19 Cr | Rs. 0.15 Cr | Rs. 0.16 Cr | + 6.67 % | -15.79 % |
Profit before tax | Rs. 25.45 Cr | Rs. 25.85 Cr | Rs. 25.24 Cr | -2.36 % | -0.83 % |
Tax % | 11.31 % | 7.7 % | 16.17 % | + 8.47 % | + 4.86 % |
Net Profit | Rs. 22.58 Cr | Rs. 23.86 Cr | Rs. 21.16 Cr | -11.32 % | -6.29 % |
EPS in Rs | Rs. 4.66 | Rs. 4.74 | Rs. 4.21 | -11.18 % | -9.66 % |
Today, we’re looking at Abans Holdings Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -55.71 %. However, it did see a marginal slip of -49.66 % from the previous quarter. Expenses decreased slightly by -53.95 % quarter-on-quarter, aligning with the annual decline of -60.46 %. Operating profit, while up 48.15 % compared to last year, faced a quarter-on-quarter increase of 10.44 %, 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 10.26 %, but an expansion of 7.96 % sequentially. Other income fell by -97.91 % compared to the last quarter, despite an annual decline of -96.14 %. Interest expenses dropped significantly by -11.62 % from the previous quarter, yet the year-over-year increase remains at a moderate 387.03 %. Depreciation costs climbed by 6.67 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -15.79 %. Profit before tax declined annually by -0.83 % but saw a reduction from the preceding quarter by -2.36 %.
Tax expenses as a percentage of profits increased slightly by 4.86 % compared to last year, with a more notable quarter-on-quarter increase of 8.47 %. Net profit fell by -6.29 % year-on-year but witnessed a -11.32 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -9.66 % but a quarterly fall of -11.18 %. In summary, Abans Holdings 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. 569.734 Cr | Rs. 501.21 Cr | Rs. 252.323 Cr | -49.66 % | -55.71 % |
Expenses | Rs. 544.81 Cr | Rs. 467.78 Cr | Rs. 215.4 Cr | -53.95 % | -60.46 % |
Operating Profit | Rs. 24.92 Cr | Rs. 33.43 Cr | Rs. 36.92 Cr | + 10.44 % | + 48.15 % |
Net Profit | Rs. 22.58 Cr | Rs. 23.86 Cr | Rs. 21.16 Cr | -11.32 % | -6.29 % |
EPS in Rs | Rs. 4.66 | Rs. 4.74 | Rs. 4.21 | -11.18 % | -9.66 % |
In reviewing Abans Holdings Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -55.71 % year-on-year, although there was a slight dip of -49.66 % from the previous quarter. Expenses decreased by -60.46 % compared to the previous year, with a decrease of -53.95 % quarter-on-quarter. Operating Profit surged by 48.15 % annually, and saw a 10.44 % increase from the last quarter.
Net Profit showed yearly decrease of -6.29 %, and experienced a -11.32 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -9.66 % annually, however dipped by -11.18 % compared to the last quarter. In essence, while Abans Holdings 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.