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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 85.29 % in the past year, decrease in net sales/revenue by -6.99 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -87.5 %, Marginal decrease of -91.61% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for DEEP ENERGY RESOURCES LIMITED. Profit dropped by -49.62 % Year to Year, DEEP ENERGY RESOURCES LIMITED’s profitability dropped by -150.51 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -91.67 % Year to Year. EPS decreased by -108.33 % 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. 0.51 Cr | Rs. 1.016 Cr | Rs. 0.945 Cr | -6.99 % | + 85.29 % |
| Expenses | Rs. 0.73 Cr | Rs. 1.18 Cr | Rs. 1.05 Cr | -11.02 % | + 43.84 % |
| Operating Profit | Rs. -0.22 Cr | Rs. -0.16 Cr | Rs. -0.11 Cr | + 31.25 % | + 50 % |
| OPM % | -43.14 % | -15.75 % | -11.64 % | + 4.11 % | + 31.5 % |
| Other Income | Rs. 0.104 Cr | Rs. 0.155 Cr | Rs. 0.013 Cr | -91.61 % | -87.5 % |
| Interest | Rs. 0.09 Cr | Rs. 0.07 Cr | Rs. 0.1 Cr | + 42.86 % | + 11.11 % |
| Depreciation | Rs. 0.08 Cr | Rs. 0.11 Cr | Rs. 0.11 Cr | + 0 % | + 37.5 % |
| Profit before tax | Rs. -0.29 Cr | Rs. -0.19 Cr | Rs. -0.31 Cr | -63.16 % | -6.9 % |
| Tax % | -37.72 % | -318.78 % | -34.43 % | + 284.35 % | + 3.29 % |
| Net Profit | Rs. -0.4 Cr | Rs. 0.4 Cr | Rs. -0.2 Cr | -150 % | + 50 % |
| EPS in Rs | Rs. -0.12 | Rs. 0.12 | Rs. -0.01 | -108.33 % | + 91.67 % |
Today, we’re looking at DEEP ENERGY RESOURCES 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 85.29 %. However, it did see a marginal slip of -6.99 % from the previous quarter. Expenses decreased slightly by -11.02 % quarter-on-quarter, aligning with the annual rise of 43.84 %. Operating profit, while up 50 % compared to last year, faced a quarter-on-quarter increase of 31.25 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 31.5 %, but an expansion of 4.11 % sequentially. Other income fell by -91.61 % compared to the last quarter, despite an annual decline of -87.5 %. Interest expenses surged remarkably by 42.86 % from the previous quarter, yet the year-over-year increase remains at a moderate 11.11 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 37.5 %. Profit before tax declined annually by -6.9 % but saw a reduction from the preceding quarter by -63.16 %.
Tax expenses as a percentage of profits increased slightly by 3.29 % compared to last year, with a more notable quarter-on-quarter increase of 284.35 %. Net profit rose by 50 % year-on-year but witnessed a -150 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 91.67 % but a quarterly fall of -108.33 %. In summary, DEEP ENERGY RESOURCES 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. 0.51 Cr | Rs. 1.016 Cr | Rs. 0.945 Cr | -6.99 % | + 85.29 % |
| Expenses | Rs. 0.73 Cr | Rs. 1.18 Cr | Rs. 1.05 Cr | -11.02 % | + 43.84 % |
| Operating Profit | Rs. -0.22 Cr | Rs. -0.16 Cr | Rs. -0.11 Cr | + 31.25 % | + 50 % |
| Net Profit | Rs. -0.4 Cr | Rs. 0.4 Cr | Rs. -0.2 Cr | -150 % | + 50 % |
| EPS in Rs | Rs. -0.12 | Rs. 0.12 | Rs. -0.01 | -108.33 % | + 91.67 % |
In reviewing DEEP ENERGY RESOURCES LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 85.29 % year-on-year growth, although there was a slight dip of -6.99 % from the previous quarter. Expenses rose by 43.84 % compared to the previous year, with a decrease of -11.02 % quarter-on-quarter. Operating Profit surged by 50 % annually, and saw a 31.25 % increase from the last quarter.
Net Profit showed yearly increase of 50 %, and experienced a -150 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 91.67 % annually, however dipped by -108.33 % compared to the last quarter. In essence, while DEEP ENERGY RESOURCES LIMITED exhibits strong annual growth 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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