Share the post "Dhani Services announced Financial Results Q1 2024"
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 -10.18 % over the year, decrease in net sales/revenue by -8.67 %.
- 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 323.76 %. Marginal increase in other income during this quarter, up by 28.51%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Dhani Services Limited. Profit dropped by -11.83 % Year to Year, Dhani Services Limited’s profitability dropped by -1.96 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -10.63 % Year to Year. EPS decreased by -3.38 % 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. 119.533 Cr | Rs. 117.563 Cr | Rs. 107.369 Cr | -8.67 % | -10.18 % |
| Expenses | Rs. 163.72 Cr | Rs. 174.02 Cr | Rs. 165.67 Cr | -4.8 % | + 1.19 % |
| Operating Profit | Rs. -44.19 Cr | Rs. -56.46 Cr | Rs. -58.3 Cr | -3.26 % | -31.93 % |
| OPM % | -36.97 % | -48.03 % | -54.3 % | -6.27 % | -17.33 % |
| Other Income | Rs. 5.085 Cr | Rs. 16.768 Cr | Rs. 21.548 Cr | + 28.51 % | + 323.76 % |
| Interest | Rs. 25.72 Cr | Rs. 20.74 Cr | Rs. 18.31 Cr | -11.72 % | -28.81 % |
| Depreciation | Rs. 18.24 Cr | Rs. 14.45 Cr | Rs. 12.84 Cr | -11.14 % | -29.61 % |
| Profit before tax | Rs. -83.07 Cr | Rs. -74.88 Cr | Rs. -67.9 Cr | + 9.32 % | + 18.26 % |
| Tax % | -13.8 % | -13.53 % | -22.76 % | -9.23 % | -8.96 % |
| Net Profit | Rs. -94.53 Cr | Rs. -85.01 Cr | Rs. -83.35 Cr | + 1.95 % | + 11.83 % |
| EPS in Rs | Rs. -1.6 | Rs. -1.48 | Rs. -1.43 | + 3.38 % | + 10.63 % |
Today, we’re looking at Dhani Services 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 -10.18 %. However, it did see a marginal slip of -8.67 % from the previous quarter. Expenses decreased slightly by -4.8 % quarter-on-quarter, aligning with the annual rise of 1.19 %. Operating profit, while down -31.93 % compared to last year, faced a quarter-on-quarter dip of -3.26 %, 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 -17.33 %, but a shrinkage of -6.27 % sequentially. Other income rose by 28.51 % compared to the last quarter, despite an annual growth of 323.76 %. Interest expenses dropped significantly by -11.72 % from the previous quarter, yet the year-over-year decrease remains at a moderate -28.81 %. Depreciation costs fell by -11.14 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -29.61 %. Profit before tax grew annually by 18.26 % but saw an increase from the preceding quarter by 9.32 %.
Tax expenses as a percentage of profits decreased slightly by -8.96 % compared to last year, with a more notable quarter-on-quarter decrease of -9.23 %. Net profit rose by 11.83 % year-on-year but experienced a 1.95 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 10.63 % but a quarterly rise of 3.38 %. In summary, Dhani Services 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. 119.533 Cr | Rs. 117.563 Cr | Rs. 107.369 Cr | -8.67 % | -10.18 % |
| Expenses | Rs. 163.72 Cr | Rs. 174.02 Cr | Rs. 165.67 Cr | -4.8 % | + 1.19 % |
| Operating Profit | Rs. -44.19 Cr | Rs. -56.46 Cr | Rs. -58.3 Cr | -3.26 % | -31.93 % |
| Net Profit | Rs. -94.53 Cr | Rs. -85.01 Cr | Rs. -83.35 Cr | + 1.95 % | + 11.83 % |
| EPS in Rs | Rs. -1.6 | Rs. -1.48 | Rs. -1.43 | + 3.38 % | + 10.63 % |
In reviewing Dhani Services Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -10.18 % year-on-year, although there was a slight dip of -8.67 % from the previous quarter. Expenses rose by 1.19 % compared to the previous year, with a decrease of -4.8 % quarter-on-quarter. Operating Profit dropped by -31.93 % annually, and saw a -3.26 % decrease from the last quarter.
Net Profit showed yearly increase of 11.83 %, and experienced a 1.95 % increase from the previous quarter. Earnings Per Share (EPS) rose by 10.63 % annually, however rose by 3.38 % compared to the last quarter. In essence, while Dhani Services Limited exhibits strong annual growth 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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