EFC (I) ‘s Q1 Financial results: Revenue Grows by 80.88% YoY

The comprehensive analytics outlining the performance and outlook of EFC (I) LIMITED‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at EFC (I) LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 80.88 %. However, it did see a marginal increase of 9.5 % from the previous quarter. Expenses ticked up slightly by 36.15 % quarter-on-quarter, aligning with the annual rise of 103.92 %. Operating profit, while up 59.27 % compared to last year, faced a quarter-on-quarter dip of -11.34 %, 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 -6.16 %, but a shrinkage of -10.68 % sequentially. Other income fell by -45.39 % compared to the last quarter, despite an annual growth of 418.46 %. Interest expenses dropped significantly by -20.44 % from the previous quarter, yet the year-over-year decrease remains at a moderate -46.04 %. Depreciation costs climbed by 17.7 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 36.75 %. Profit before tax grew annually by 621.28 % but saw a reduction from the preceding quarter by -33.28 %.
Tax expenses as a percentage of profits increased slightly by 18.86 % compared to last year, with a more notable quarter-on-quarter increase of 13.46 %. Net profit rose by 395.91 % year-on-year but witnessed a -43.29 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -26.11 % but a quarterly fall of -44.19 %. In summary, EFC (I) LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing EFC (I) LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 80.88 % year-on-year growth, however, there was a minor increase of 9.5 % from the previous quarter. Expenses rose by 103.92 % compared to the previous year, with a 36.15 % increase quarter-on-quarter. Operating Profit surged by 59.27 % annually, and saw a -11.34 % decrease from the last quarter.
Net Profit showed yearly increase of 395.91 %, and experienced a -43.29 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -26.11 % annually, however dipped by -44.19 % compared to the last quarter. In essence, while EFC (I) LIMITED exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.