Share the post "DLF : Q1 2024 Financial Quarterly Report : YoY Sales Down 51.81 %, QoQ Down 55.43 %"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -51.81 % over the year, decrease in net sales/revenue by -55.43 %.
- 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 234.78 %. Marginal decrease of -44.3% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for DLF Limited. Profit dropped by -97.84 % Year to Year, DLF Limited’s profitability dropped by -99.14 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -97.18 % Year to Year. EPS decreased by -98.88 % 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. 841.14 Cr | Rs. 909.41 Cr | Rs. 405.32 Cr | -55.43 % | -51.81 % |
| Expenses | Rs. 573.98 Cr | Rs. 640.43 Cr | Rs. 495.8 Cr | -22.58 % | -13.62 % |
| Operating Profit | Rs. 267.16 Cr | Rs. 268.98 Cr | Rs. -90.48 Cr | -133.64 % | -133.87 % |
| OPM % | 31.76 % | 29.58 % | -22.32 % | -51.9 % | -54.08 % |
| Other Income | Rs. 59.02 Cr | Rs. 354.71 Cr | Rs. 197.59 Cr | -44.3 % | + 234.78 % |
| Interest | Rs. 73.98 Cr | Rs. 75.6 Cr | Rs. 84.9 Cr | + 12.3 % | + 14.76 % |
| Depreciation | Rs. 17.86 Cr | Rs. 17.48 Cr | Rs. 17.7 Cr | + 1.26 % | -0.9 % |
| Profit before tax | Rs. 234.34 Cr | Rs. 530.61 Cr | Rs. 4.51 Cr | -99.15 % | -98.08 % |
| Tax % | 25.15 % | 16.52 % | 15.96 % | -0.56 % | -9.19 % |
| Net Profit | Rs. 175.41 Cr | Rs. 442.93 Cr | Rs. 3.79 Cr | -99.14 % | -97.84 % |
| EPS in Rs | Rs. 0.71 | Rs. 1.78 | Rs. 0.02 | -98.88 % | -97.18 % |
Today, we’re looking at DLF 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 -51.81 %. However, it did see a marginal slip of -55.43 % from the previous quarter. Expenses decreased slightly by -22.58 % quarter-on-quarter, aligning with the annual decline of -13.62 %. Operating profit, while down -133.87 % compared to last year, faced a quarter-on-quarter dip of -133.64 %, 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 -54.08 %, but a shrinkage of -51.9 % sequentially. Other income fell by -44.3 % compared to the last quarter, despite an annual growth of 234.78 %. Interest expenses surged remarkably by 12.3 % from the previous quarter, yet the year-over-year increase remains at a moderate 14.76 %. Depreciation costs climbed by 1.26 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -0.9 %. Profit before tax declined annually by -98.08 % but saw a reduction from the preceding quarter by -99.15 %.
Tax expenses as a percentage of profits decreased slightly by -9.19 % compared to last year, with a more notable quarter-on-quarter decrease of -0.56 %. Net profit fell by -97.84 % year-on-year but witnessed a -99.14 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -97.18 % but a quarterly fall of -98.88 %. In summary, DLF 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. 841.14 Cr | Rs. 909.41 Cr | Rs. 405.32 Cr | -55.43 % | -51.81 % |
| Expenses | Rs. 573.98 Cr | Rs. 640.43 Cr | Rs. 495.8 Cr | -22.58 % | -13.62 % |
| Operating Profit | Rs. 267.16 Cr | Rs. 268.98 Cr | Rs. -90.48 Cr | -133.64 % | -133.87 % |
| Net Profit | Rs. 175.41 Cr | Rs. 442.93 Cr | Rs. 3.79 Cr | -99.14 % | -97.84 % |
| EPS in Rs | Rs. 0.71 | Rs. 1.78 | Rs. 0.02 | -98.88 % | -97.18 % |
In reviewing DLF Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -51.81 % year-on-year, although there was a slight dip of -55.43 % from the previous quarter. Expenses decreased by -13.62 % compared to the previous year, with a decrease of -22.58 % quarter-on-quarter. Operating Profit dropped by -133.87 % annually, and saw a -133.64 % decrease from the last quarter.
Net Profit showed yearly decrease of -97.84 %, and experienced a -99.14 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -97.18 % annually, however dipped by -98.88 % compared to the last quarter. In essence, while DLF 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.
