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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 10.4 % in the past year, decrease in net sales/revenue by -26 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -16.64 %, Marginal decrease of -17.57% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for CONFIDENCE FUTURISTIC ENERGETECH LIMITED. Profit dropped by -78.75 % Year to Year, CONFIDENCE FUTURISTIC ENERGETECH LIMITED’s profitability dropped by -70.38 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -78.98 % Year to Year. EPS decreased by -73.81 % 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. 48.347 Cr | Rs. 72.123 Cr | Rs. 53.373 Cr | -26 % | + 10.4 % |
| Expenses | Rs. 39.26 Cr | Rs. 66.8 Cr | Rs. 49.09 Cr | -26.51 % | + 25.04 % |
| Operating Profit | Rs. 9.09 Cr | Rs. 5.32 Cr | Rs. 4.28 Cr | -19.55 % | -52.92 % |
| OPM % | 18.8 % | 7.38 % | 8.02 % | + 0.64 % | -10.78 % |
| Other Income | Rs. 0.715 Cr | Rs. 0.723 Cr | Rs. 0.596 Cr | -17.57 % | -16.64 % |
| Interest | Rs. 1.52 Cr | Rs. 1.98 Cr | Rs. 2.13 Cr | + 7.58 % | + 40.13 % |
| Depreciation | Rs. 3.1 Cr | Rs. 1.68 Cr | Rs. 2.23 Cr | + 32.74 % | -28.06 % |
| Profit before tax | Rs. 5.19 Cr | Rs. 2.38 Cr | Rs. 0.52 Cr | -78.15 % | -89.98 % |
| Tax % | 27.29 % | 11.34 % | 18.74 % | + 7.4 % | -8.55 % |
| Net Profit | Rs. 3.71 Cr | Rs. 2.66 Cr | Rs. 0.79 Cr | -70.3 % | -78.71 % |
| EPS in Rs | Rs. 1.57 | Rs. 1.26 | Rs. 0.33 | -73.81 % | -78.98 % |
Today, we’re looking at CONFIDENCE FUTURISTIC ENERGETECH 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 10.4 %. However, it did see a marginal slip of -26 % from the previous quarter. Expenses decreased slightly by -26.51 % quarter-on-quarter, aligning with the annual rise of 25.04 %. Operating profit, while down -52.92 % compared to last year, faced a quarter-on-quarter dip of -19.55 %, 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 -10.78 %, but an expansion of 0.64 % sequentially. Other income fell by -17.57 % compared to the last quarter, despite an annual decline of -16.64 %. Interest expenses surged remarkably by 7.58 % from the previous quarter, yet the year-over-year increase remains at a moderate 40.13 %. Depreciation costs climbed by 32.74 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -28.06 %. Profit before tax declined annually by -89.98 % but saw a reduction from the preceding quarter by -78.15 %.
Tax expenses as a percentage of profits decreased slightly by -8.55 % compared to last year, with a more notable quarter-on-quarter increase of 7.4 %. Net profit fell by -78.71 % year-on-year but witnessed a -70.3 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -78.98 % but a quarterly fall of -73.81 %. In summary, CONFIDENCE FUTURISTIC ENERGETECH 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. 48.347 Cr | Rs. 72.123 Cr | Rs. 53.373 Cr | -26 % | + 10.4 % |
| Expenses | Rs. 39.26 Cr | Rs. 66.8 Cr | Rs. 49.09 Cr | -26.51 % | + 25.04 % |
| Operating Profit | Rs. 9.09 Cr | Rs. 5.32 Cr | Rs. 4.28 Cr | -19.55 % | -52.92 % |
| Net Profit | Rs. 3.71 Cr | Rs. 2.66 Cr | Rs. 0.79 Cr | -70.3 % | -78.71 % |
| EPS in Rs | Rs. 1.57 | Rs. 1.26 | Rs. 0.33 | -73.81 % | -78.98 % |
In reviewing CONFIDENCE FUTURISTIC ENERGETECH LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 10.4 % year-on-year growth, although there was a slight dip of -26 % from the previous quarter. Expenses rose by 25.04 % compared to the previous year, with a decrease of -26.51 % quarter-on-quarter. Operating Profit dropped by -52.92 % annually, and saw a -19.55 % decrease from the last quarter.
Net Profit showed yearly decrease of -78.71 %, and experienced a -70.3 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -78.98 % annually, however dipped by -73.81 % compared to the last quarter. In essence, while CONFIDENCE FUTURISTIC ENERGETECH 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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