Share the post "CHL ‘s Q1 Results: Profit Drops by 184.62% YoY"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -3.65 % over the year, decrease in net sales/revenue by -7.76 %.
- 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 46.03 %. Marginal decrease of -83.8% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for CHL Limited. Notable increase of 183.99 % in net profit Year to Year, CHL Limited’s profitability dropped by -120.71 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 155.56 % Year to Year. EPS decreased by -148.59 % 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. 30.601 Cr | Rs. 31.964 Cr | Rs. 29.483 Cr | -7.76 % | -3.65 % |
| Expenses | Rs. 22.48 Cr | Rs. 24.23 Cr | Rs. 24.1 Cr | -0.54 % | + 7.21 % |
| Operating Profit | Rs. 8.12 Cr | Rs. 7.73 Cr | Rs. 5.38 Cr | -30.4 % | -33.74 % |
| OPM % | 26.54 % | 24.18 % | 18.25 % | -5.93 % | -8.29 % |
| Other Income | Rs. 2.292 Cr | Rs. 20.663 Cr | Rs. 3.347 Cr | -83.8 % | + 46.03 % |
| Interest | Rs. 5.93 Cr | Rs. 6.37 Cr | Rs. 6.29 Cr | -1.26 % | + 6.07 % |
| Depreciation | Rs. 4.23 Cr | Rs. 3.58 Cr | Rs. 4.45 Cr | + 24.3 % | + 5.2 % |
| Profit before tax | Rs. 0.25 Cr | Rs. 18.44 Cr | Rs. -2.01 Cr | -110.9 % | -904 % |
| Tax % | 558.59 % | 12.71 % | -65.62 % | -78.33 % | -624.21 % |
| Net Profit | Rs. -1.17 Cr | Rs. 16.1 Cr | Rs. -3.33 Cr | -120.68 % | -184.62 % |
| EPS in Rs | Rs. -0.54 | Rs. 2.84 | Rs. -1.38 | -148.59 % | -155.56 % |
Today, we’re looking at CHL Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -3.65 %. However, it did see a marginal slip of -7.76 % from the previous quarter. Expenses decreased slightly by -0.54 % quarter-on-quarter, aligning with the annual rise of 7.21 %. Operating profit, while down -33.74 % compared to last year, faced a quarter-on-quarter dip of -30.4 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -8.29 %, but a shrinkage of -5.93 % sequentially. Other income fell by -83.8 % compared to the last quarter, despite an annual growth of 46.03 %. Interest expenses dropped significantly by -1.26 % from the previous quarter, yet the year-over-year increase remains at a moderate 6.07 %. Depreciation costs climbed by 24.3 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 5.2 %. Profit before tax declined annually by -904 % but saw a reduction from the preceding quarter by -110.9 %.
Tax expenses as a percentage of profits decreased slightly by -624.21 % compared to last year, with a more notable quarter-on-quarter decrease of -78.33 %. Net profit fell by -184.62 % year-on-year but witnessed a -120.68 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -155.56 % but a quarterly fall of -148.59 %. In summary, CHL 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. 30.601 Cr | Rs. 31.964 Cr | Rs. 29.483 Cr | -7.76 % | -3.65 % |
| Expenses | Rs. 22.48 Cr | Rs. 24.23 Cr | Rs. 24.1 Cr | -0.54 % | + 7.21 % |
| Operating Profit | Rs. 8.12 Cr | Rs. 7.73 Cr | Rs. 5.38 Cr | -30.4 % | -33.74 % |
| Net Profit | Rs. -1.17 Cr | Rs. 16.1 Cr | Rs. -3.33 Cr | -120.68 % | -184.62 % |
| EPS in Rs | Rs. -0.54 | Rs. 2.84 | Rs. -1.38 | -148.59 % | -155.56 % |
In reviewing CHL Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -3.65 % year-on-year, although there was a slight dip of -7.76 % from the previous quarter. Expenses rose by 7.21 % compared to the previous year, with a decrease of -0.54 % quarter-on-quarter. Operating Profit dropped by -33.74 % annually, and saw a -30.4 % decrease from the last quarter.
Net Profit showed yearly decrease of -184.62 %, and experienced a -120.68 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -155.56 % annually, however dipped by -148.59 % compared to the last quarter. In essence, while CHL 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.
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