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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 decline in other income over the past year which is -12.5 %, Marginal decrease of -16% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for EASY FINCORP LIMITED. Notable increase of 18.75 % in net profit Year to Year, EASY FINCORP LIMITED’s profitability dropped by -7.32 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 19.23 % Year to Year. EPS decreased by -7.74 % 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. 0.04 Cr | Rs. 0.05 Cr | Rs. 0.03 Cr | -40 % | -25 % |
| Operating Profit | Rs. -0.04 Cr | Rs. -0.05 Cr | Rs. -0.03 Cr | + 40 % | + 25 % |
| OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Other Income | Rs. 0.024 Cr | Rs. 0.025 Cr | Rs. 0.021 Cr | -16 % | -12.5 % |
| Interest | Rs. 0.03 Cr | Rs. 0.03 Cr | Rs. 0.04 Cr | + 33.33 % | + 33.33 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. -0.05 Cr | Rs. -0.06 Cr | Rs. -0.05 Cr | + 16.67 % | + 0 % |
| Tax % | -22.5 % | -18 % | -19.15 % | -1.15 % | + 3.35 % |
| Net Profit | Rs. -0.03 Cr | Rs. -0.04 Cr | Rs. -0.04 Cr | + 0 % | -33.33 % |
| EPS in Rs | Rs. -1.3 | Rs. -1.68 | Rs. -1.55 | + 7.74 % | -19.23 % |
Today, we’re looking at EASY FINCORP LIMITED’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -40 % quarter-on-quarter, aligning with the annual decline of -25 %. Operating profit, while up 25 % compared to last year, faced a quarter-on-quarter increase of 40 %, signaling a short-term expansion in margins.
Other income fell by -16 % compared to the last quarter, despite an annual decline of -12.5 %. Interest expenses surged remarkably by 33.33 % from the previous quarter, yet the year-over-year increase remains at a moderate 33.33 %. Profit before tax grew annually by 0 % but saw an increase from the preceding quarter by 16.67 %.
Tax expenses as a percentage of profits increased slightly by 3.35 % compared to last year, with a more notable quarter-on-quarter decrease of -1.15 %. Net profit fell by -33.33 % year-on-year but experienced a 0 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -19.23 % but a quarterly rise of 7.74 %. In summary, EASY FINCORP 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. 0.04 Cr | Rs. 0.05 Cr | Rs. 0.03 Cr | -40 % | -25 % |
| Operating Profit | Rs. -0.04 Cr | Rs. -0.05 Cr | Rs. -0.03 Cr | + 40 % | + 25 % |
| Net Profit | Rs. -0.03 Cr | Rs. -0.04 Cr | Rs. -0.04 Cr | + 0 % | -33.33 % |
| EPS in Rs | Rs. -1.3 | Rs. -1.68 | Rs. -1.55 | + 7.74 % | -19.23 % |
In reviewing EASY FINCORP LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses decreased by -25 % compared to the previous year, with a decrease of -40 % quarter-on-quarter. Operating Profit surged by 25 % annually, and saw a 40 % increase from the last quarter.
Net Profit showed yearly decrease of -33.33 %, and experienced a 0 % increase from the previous quarter. Earnings Per Share (EPS) fell by -19.23 % annually, however rose by 7.74 % compared to the last quarter. In essence, while EASY FINCORP LIMITED faces strong annual decline 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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