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Highlights
- The presented financial data is Standalone 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 35.4 %. Marginal decrease of -24.83% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Abirami Financial Services (India). Notable increase of 31.95 % in net profit Year to Year, Abirami Financial Services (India)’s profitability dropped by -11.51 % Quarter to Quarter.
- EPS over the Year and quarter:
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Expenses | Rs. 0.14 Cr | Rs. 0.17 Cr | Rs. 0.14 Cr | -17.65 % | + 0 % |
Operating Profit | Rs. -0.14 Cr | Rs. -0.17 Cr | Rs. -0.14 Cr | + 17.65 % | + 0 % |
OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
Other Income | Rs. 0.322 Cr | Rs. 0.58 Cr | Rs. 0.436 Cr | -24.83 % | + 35.4 % |
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. 0.18 Cr | Rs. 0.41 Cr | Rs. 0.3 Cr | -26.83 % | + 66.67 % |
Tax % | 5.59 % | 38.08 % | 24.66 % | -13.42 % | + 19.07 % |
Net Profit | Rs. 0.17 Cr | Rs. 0.25 Cr | Rs. 0.22 Cr | -12 % | + 29.41 % |
EPS in Rs | Rs. 0 | Rs. 0.47 | Rs. 0 | 0 % | 0 % |
Today, we’re looking at Abirami Financial Services (India)’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -17.65 % quarter-on-quarter, aligning with the annual rise of 0 %. Operating profit, while up 0 % compared to last year, faced a quarter-on-quarter increase of 17.65 %, signaling a short-term expansion in margins.
Other income fell by -24.83 % compared to the last quarter, despite an annual growth of 35.4 %. Profit before tax grew annually by 66.67 % but saw a reduction from the preceding quarter by -26.83 %.
Tax expenses as a percentage of profits increased slightly by 19.07 % compared to last year, with a more notable quarter-on-quarter decrease of -13.42 %. Net profit rose by 29.41 % year-on-year but witnessed a -12 % contraction from the last quarter. In summary, Abirami Financial Services (India)’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 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Expenses | Rs. 0.14 Cr | Rs. 0.17 Cr | Rs. 0.14 Cr | -17.65 % | + 0 % |
Operating Profit | Rs. -0.14 Cr | Rs. -0.17 Cr | Rs. -0.14 Cr | + 17.65 % | + 0 % |
Net Profit | Rs. 0.17 Cr | Rs. 0.25 Cr | Rs. 0.22 Cr | -12 % | + 29.41 % |
EPS in Rs | Rs. 0 | Rs. 0.47 | Rs. 0 | 0 % | 0 % |
In reviewing Abirami Financial Services (India)’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 0 % compared to the previous year, with a decrease of -17.65 % quarter-on-quarter. Operating Profit surged by 0 % annually, and saw a 17.65 % increase from the last quarter.
Net Profit showed yearly increase of 29.41 %, and experienced a -12 % decrease from the previous quarter. In essence, while Abirami Financial Services (India) 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.
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