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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 80.88 % in the past year, substantial increase in net sales/revenue by 9.5 %.
- 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 418.46 %. Marginal decrease of -45.39% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for EFC (I) LIMITED. Notable increase of 396.29 % in net profit Year to Year, EFC (I) LIMITED’s profitability dropped by -43.28 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -29.40 % Year to Year. EPS decreased by -44.19 % 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. 56.421 Cr | Rs. 93.198 Cr | Rs. 102.053 Cr | + 9.5 % | + 80.88 % |
| Expenses | Rs. 27.3 Cr | Rs. 40.89 Cr | Rs. 55.67 Cr | + 36.15 % | + 103.92 % |
| Operating Profit | Rs. 29.12 Cr | Rs. 52.31 Cr | Rs. 46.38 Cr | -11.34 % | + 59.27 % |
| OPM % | 51.61 % | 56.13 % | 45.45 % | -10.68 % | -6.16 % |
| Other Income | Rs. 0.623 Cr | Rs. 5.915 Cr | Rs. 3.23 Cr | -45.39 % | + 418.46 % |
| Interest | Rs. 10.1 Cr | Rs. 6.85 Cr | Rs. 5.45 Cr | -20.44 % | -46.04 % |
| Depreciation | Rs. 16.68 Cr | Rs. 19.38 Cr | Rs. 22.81 Cr | + 17.7 % | + 36.75 % |
| Profit before tax | Rs. 2.96 Cr | Rs. 32 Cr | Rs. 21.35 Cr | -33.28 % | + 621.28 % |
| Tax % | 7.29 % | 12.69 % | 26.15 % | + 13.46 % | + 18.86 % |
| Net Profit | Rs. 3.18 Cr | Rs. 27.81 Cr | Rs. 15.77 Cr | -43.29 % | + 395.91 % |
| EPS in Rs | Rs. 4.29 | Rs. 5.68 | Rs. 3.17 | -44.19 % | -26.11 % |
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.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 56.421 Cr | Rs. 93.198 Cr | Rs. 102.053 Cr | + 9.5 % | + 80.88 % |
| Expenses | Rs. 27.3 Cr | Rs. 40.89 Cr | Rs. 55.67 Cr | + 36.15 % | + 103.92 % |
| Operating Profit | Rs. 29.12 Cr | Rs. 52.31 Cr | Rs. 46.38 Cr | -11.34 % | + 59.27 % |
| Net Profit | Rs. 3.18 Cr | Rs. 27.81 Cr | Rs. 15.77 Cr | -43.29 % | + 395.91 % |
| EPS in Rs | Rs. 4.29 | Rs. 5.68 | Rs. 3.17 | -44.19 % | -26.11 % |
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.
