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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 3.53 % in the past year, substantial increase in net sales/revenue by 24.59 %.
- 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 600 %. Marginal increase in other income during this quarter, up by 819.61%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Baid Finserv Limited. Profit dropped by -44.4 % Year to Year, Baid Finserv Limited’s profitability increased by 187.73 % in this quarter.
- EPS over the Year and quarter: EPS declined by -44.68 % Year to Year. EPS increased by 188.89 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 18.237 Cr | Rs. 15.154 Cr | Rs. 18.88 Cr | + 24.59 % | + 3.53 % |
Expenses | Rs. 5.4 Cr | Rs. 6.41 Cr | Rs. 8.03 Cr | + 25.27 % | + 48.7 % |
Operating Profit | Rs. 12.84 Cr | Rs. 8.74 Cr | Rs. 10.85 Cr | + 24.14 % | -15.5 % |
OPM % | 70.41 % | 57.67 % | 57.47 % | -0.2 % | -12.94 % |
Other Income | Rs. 0.067 Cr | Rs. 0.051 Cr | Rs. 0.469 Cr | + 819.61 % | + 600 % |
Interest | Rs. 5.29 Cr | Rs. 6.54 Cr | Rs. 7.09 Cr | + 8.41 % | + 34.03 % |
Depreciation | Rs. 0.12 Cr | Rs. 0.22 Cr | Rs. 0.09 Cr | -59.09 % | -25 % |
Profit before tax | Rs. 7.5 Cr | Rs. 2.03 Cr | Rs. 4.14 Cr | + 103.94 % | -44.8 % |
Tax % | 25.17 % | 46.73 % | 24.7 % | -22.03 % | -0.47 % |
Net Profit | Rs. 5.61 Cr | Rs. 1.08 Cr | Rs. 3.12 Cr | + 188.89 % | -44.39 % |
EPS in Rs | Rs. 0.47 | Rs. 0.09 | Rs. 0.26 | + 188.89 % | -44.68 % |
Today, we’re looking at Baid Finserv 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 3.53 %. However, it did see a marginal increase of 24.59 % from the previous quarter. Expenses ticked up slightly by 25.27 % quarter-on-quarter, aligning with the annual rise of 48.7 %. Operating profit, while down -15.5 % compared to last year, faced a quarter-on-quarter increase of 24.14 %, 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 -12.94 %, but a shrinkage of -0.2 % sequentially. Other income rose by 819.61 % compared to the last quarter, despite an annual growth of 600 %. Interest expenses surged remarkably by 8.41 % from the previous quarter, yet the year-over-year increase remains at a moderate 34.03 %. Depreciation costs fell by -59.09 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -25 %. Profit before tax declined annually by -44.8 % but saw an increase from the preceding quarter by 103.94 %.
Tax expenses as a percentage of profits decreased slightly by -0.47 % compared to last year, with a more notable quarter-on-quarter decrease of -22.03 %. Net profit fell by -44.39 % year-on-year but experienced a 188.89 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -44.68 % but a quarterly rise of 188.89 %. In summary, Baid Finserv 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. 18.237 Cr | Rs. 15.154 Cr | Rs. 18.88 Cr | + 24.59 % | + 3.53 % |
Expenses | Rs. 5.4 Cr | Rs. 6.41 Cr | Rs. 8.03 Cr | + 25.27 % | + 48.7 % |
Operating Profit | Rs. 12.84 Cr | Rs. 8.74 Cr | Rs. 10.85 Cr | + 24.14 % | -15.5 % |
Net Profit | Rs. 5.61 Cr | Rs. 1.08 Cr | Rs. 3.12 Cr | + 188.89 % | -44.39 % |
EPS in Rs | Rs. 0.47 | Rs. 0.09 | Rs. 0.26 | + 188.89 % | -44.68 % |
In reviewing Baid Finserv Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.53 % year-on-year growth, however, there was a minor increase of 24.59 % from the previous quarter. Expenses rose by 48.7 % compared to the previous year, with a 25.27 % increase quarter-on-quarter. Operating Profit dropped by -15.5 % annually, and saw a 24.14 % increase from the last quarter.
Net Profit showed yearly decrease of -44.39 %, and experienced a 188.89 % increase from the previous quarter. Earnings Per Share (EPS) fell by -44.68 % annually, however rose by 188.89 % compared to the last quarter. In essence, while Baid Finserv Limited 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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