Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 57.83 % in the past year, substantial increase in net sales/revenue by 3.51 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -47.92 %, Marginal decrease of -25.1% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Choice International Ltd. Notable increase of 30.18 % in net profit Year to Year, Choice International Ltd’s profitability dropped by -2.2 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -34.87 % Year to Year. EPS decreased by -51.11 % 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. 135.933 Cr | Rs. 207.277 Cr | Rs. 214.548 Cr | + 3.51 % | + 57.83 % |
Expenses | Rs. 92.14 Cr | Rs. 140.55 Cr | Rs. 147.06 Cr | + 4.63 % | + 59.6 % |
Operating Profit | Rs. 43.79 Cr | Rs. 66.73 Cr | Rs. 67.49 Cr | + 1.14 % | + 54.12 % |
OPM % | 32.21 % | 32.19 % | 31.46 % | -0.73 % | -0.75 % |
Other Income | Rs. 3.61 Cr | Rs. 2.51 Cr | Rs. 1.88 Cr | -25.1 % | -47.92 % |
Interest | Rs. 5.77 Cr | Rs. 11.37 Cr | Rs. 12.43 Cr | + 9.32 % | + 115.42 % |
Depreciation | Rs. 1.37 Cr | Rs. 1.65 Cr | Rs. 1.73 Cr | + 4.85 % | + 26.28 % |
Profit before tax | Rs. 40.26 Cr | Rs. 56.22 Cr | Rs. 55.21 Cr | -1.8 % | + 37.13 % |
Tax % | 24.83 % | 28.33 % | 28.63 % | + 0.3 % | + 3.8 % |
Net Profit | Rs. 30.26 Cr | Rs. 40.28 Cr | Rs. 39.4 Cr | -2.18 % | + 30.2 % |
EPS in Rs | Rs. 3.04 | Rs. 4.05 | Rs. 1.98 | -51.11 % | -34.87 % |
Today, we’re looking at Choice International Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 57.83 %. However, it did see a marginal increase of 3.51 % from the previous quarter. Expenses ticked up slightly by 4.63 % quarter-on-quarter, aligning with the annual rise of 59.6 %. Operating profit, while up 54.12 % compared to last year, faced a quarter-on-quarter increase of 1.14 %, 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 -0.75 %, but a shrinkage of -0.73 % sequentially. Other income fell by -25.1 % compared to the last quarter, despite an annual decline of -47.92 %. Interest expenses surged remarkably by 9.32 % from the previous quarter, yet the year-over-year increase remains at a moderate 115.42 %. Depreciation costs climbed by 4.85 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 26.28 %. Profit before tax grew annually by 37.13 % but saw a reduction from the preceding quarter by -1.8 %.
Tax expenses as a percentage of profits increased slightly by 3.8 % compared to last year, with a more notable quarter-on-quarter increase of 0.3 %. Net profit rose by 30.2 % year-on-year but witnessed a -2.18 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -34.87 % but a quarterly fall of -51.11 %. In summary, Choice International Ltd’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. 135.933 Cr | Rs. 207.277 Cr | Rs. 214.548 Cr | + 3.51 % | + 57.83 % |
Expenses | Rs. 92.14 Cr | Rs. 140.55 Cr | Rs. 147.06 Cr | + 4.63 % | + 59.6 % |
Operating Profit | Rs. 43.79 Cr | Rs. 66.73 Cr | Rs. 67.49 Cr | + 1.14 % | + 54.12 % |
Net Profit | Rs. 30.26 Cr | Rs. 40.28 Cr | Rs. 39.4 Cr | -2.18 % | + 30.2 % |
EPS in Rs | Rs. 3.04 | Rs. 4.05 | Rs. 1.98 | -51.11 % | -34.87 % |
In reviewing Choice International Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 57.83 % year-on-year growth, however, there was a minor increase of 3.51 % from the previous quarter. Expenses rose by 59.6 % compared to the previous year, with a 4.63 % increase quarter-on-quarter. Operating Profit surged by 54.12 % annually, and saw a 1.14 % increase from the last quarter.
Net Profit showed yearly increase of 30.2 %, and experienced a -2.18 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -34.87 % annually, however dipped by -51.11 % compared to the last quarter. In essence, while Choice International Ltd 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.