Share the post "DiGiSPICE Technologies announced Financial Results Q1 2024"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- 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 120.35 %. Marginal increase in other income during this quarter, up by 245.45%.
- Profit over the Year and quarter: Challenges in sustaining profitability for DiGiSPICE Technologies Limited. Profit dropped by -72.45 % Year to Year, DiGiSPICE Technologies Limited’s profitability dropped by -112.87 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -72.73 % Year to Year. EPS decreased by -112.86 % 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 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 1.35 Cr | Rs. 1.65 Cr | Rs. 2.24 Cr | + 35.76 % | + 65.93 % |
| Operating Profit | Rs. -1.35 Cr | Rs. -1.65 Cr | Rs. -2.24 Cr | -35.76 % | -65.93 % |
| OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Other Income | Rs. 0.983 Cr | Rs. 0.627 Cr | Rs. 2.166 Cr | + 245.45 % | + 120.35 % |
| Interest | Rs. 0 Cr | Rs. 0.01 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.24 Cr | Rs. 0.29 Cr | Rs. 0.27 Cr | -6.9 % | + 12.5 % |
| Profit before tax | Rs. -0.61 Cr | Rs. -1.32 Cr | Rs. -0.34 Cr | + 74.24 % | + 44.26 % |
| Tax % | -0 % | -13.57 % | -0 % | + 13.57 % | 0 % |
| Net Profit | Rs. -15.15 Cr | Rs. 32.43 Cr | Rs. -4.17 Cr | -112.86 % | + 72.48 % |
| EPS in Rs | Rs. -0.66 | Rs. 1.4 | Rs. -0.18 | -112.86 % | + 72.73 % |
Today, we’re looking at DiGiSPICE Technologies Limited’s financial performance for the Q1(Jun 2024).Expenses ticked up slightly by 35.76 % quarter-on-quarter, aligning with the annual rise of 65.93 %. Operating profit, while down -65.93 % compared to last year, faced a quarter-on-quarter dip of -35.76 %, signaling a short-term contraction in margins.
Other income rose by 245.45 % compared to the last quarter, despite an annual growth of 120.35 %. Depreciation costs fell by -6.9 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 12.5 %. Profit before tax grew annually by 44.26 % but saw an increase from the preceding quarter by 74.24 %.
with a more notable quarter-on-quarter increase of 13.57 %. Net profit rose by 72.48 % year-on-year but witnessed a -112.86 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 72.73 % but a quarterly fall of -112.86 %. In summary, DiGiSPICE Technologies 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 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 1.35 Cr | Rs. 1.65 Cr | Rs. 2.24 Cr | + 35.76 % | + 65.93 % |
| Operating Profit | Rs. -1.35 Cr | Rs. -1.65 Cr | Rs. -2.24 Cr | -35.76 % | -65.93 % |
| Net Profit | Rs. -15.15 Cr | Rs. 32.43 Cr | Rs. -4.17 Cr | -112.86 % | + 72.48 % |
| EPS in Rs | Rs. -0.66 | Rs. 1.4 | Rs. -0.18 | -112.86 % | + 72.73 % |
In reviewing DiGiSPICE Technologies Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 65.93 % compared to the previous year, with a 35.76 % increase quarter-on-quarter. Operating Profit dropped by -65.93 % annually, and saw a -35.76 % decrease from the last quarter.
Net Profit showed yearly increase of 72.48 %, and experienced a -112.86 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 72.73 % annually, however dipped by -112.86 % compared to the last quarter. In essence, while DiGiSPICE Technologies 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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