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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 -94.96 % over the year, decrease in net sales/revenue by -94.75 %.
- Income over the Year and quarter: Marginal increase in other income during this quarter, up by 33900%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Duke Offshore Ltd.. Profit dropped by -172.29 % Year to Year, Duke Offshore Ltd.’s profitability dropped by -144.69 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -170.59 % Year to Year. EPS decreased by -144.44 % 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. 1.368 Cr | Rs. 1.315 Cr | Rs. 0.069 Cr | -94.75 % | -94.96 % |
| Expenses | Rs. 0.84 Cr | Rs. 0.65 Cr | Rs. 0.73 Cr | + 12.31 % | -13.1 % |
| Operating Profit | Rs. 0.53 Cr | Rs. 0.67 Cr | Rs. -0.66 Cr | -198.51 % | -224.53 % |
| OPM % | 38.74 % | 50.95 % | -956.52 % | -1007.47 % | -995.26 % |
| Other Income | Rs. 0 Cr | Rs. 0.002 Cr | Rs. 0.68 Cr | + 33900 % | 0 % |
| Interest | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.19 Cr | Rs. 0.12 Cr | Rs. 0.26 Cr | + 116.67 % | + 36.84 % |
| Profit before tax | Rs. 0.33 Cr | Rs. 0.54 Cr | Rs. -0.24 Cr | -144.44 % | -172.73 % |
| Tax % | 0 % | 0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. 0.33 Cr | Rs. 0.54 Cr | Rs. -0.24 Cr | -144.44 % | -172.73 % |
| EPS in Rs | Rs. 0.34 | Rs. 0.54 | Rs. -0.24 | -144.44 % | -170.59 % |
Today, we’re looking at Duke Offshore Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -94.96 %. However, it did see a marginal slip of -94.75 % from the previous quarter. Expenses ticked up slightly by 12.31 % quarter-on-quarter, aligning with the annual decline of -13.1 %. Operating profit, while down -224.53 % compared to last year, faced a quarter-on-quarter dip of -198.51 %, 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 -995.26 %, but a shrinkage of -1007.47 % sequentially. Other income rose by 33900 % compared to the last quarter, Depreciation costs climbed by 116.67 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 36.84 %. Profit before tax declined annually by -172.73 % but saw a reduction from the preceding quarter by -144.44 %.
Net profit fell by -172.73 % year-on-year but witnessed a -144.44 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -170.59 % but a quarterly fall of -144.44 %. In summary, Duke Offshore Ltd.’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. 1.368 Cr | Rs. 1.315 Cr | Rs. 0.069 Cr | -94.75 % | -94.96 % |
| Expenses | Rs. 0.84 Cr | Rs. 0.65 Cr | Rs. 0.73 Cr | + 12.31 % | -13.1 % |
| Operating Profit | Rs. 0.53 Cr | Rs. 0.67 Cr | Rs. -0.66 Cr | -198.51 % | -224.53 % |
| Net Profit | Rs. 0.33 Cr | Rs. 0.54 Cr | Rs. -0.24 Cr | -144.44 % | -172.73 % |
| EPS in Rs | Rs. 0.34 | Rs. 0.54 | Rs. -0.24 | -144.44 % | -170.59 % |
In reviewing Duke Offshore Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -94.96 % year-on-year, although there was a slight dip of -94.75 % from the previous quarter. Expenses decreased by -13.1 % compared to the previous year, with a 12.31 % increase quarter-on-quarter. Operating Profit dropped by -224.53 % annually, and saw a -198.51 % decrease from the last quarter.
Net Profit showed yearly decrease of -172.73 %, and experienced a -144.44 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -170.59 % annually, however dipped by -144.44 % compared to the last quarter. In essence, while Duke Offshore Ltd. 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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