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Highlights
- Sales over the Year and quarter: The company’s sales declined by -14.59 % over the year, substantial increase in net sales/revenue by 87.94 %.
- 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 100.79 %. Marginal increase in other income during this quarter, up by 360%.
- Profit over the Year and quarter: Challenges in sustaining profitability for EKI Energy Services Limited. Profit dropped by -21.16 % Year to Year, EKI Energy Services Limited’s profitability increased by 43.21 % in this quarter.
- EPS over the Year and quarter: EPS declined by -178.65 % Year to Year. EPS increased by 43.34 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 91.294 Cr | Rs. 41.492 Cr | Rs. 77.978 Cr | + 87.94 % | -14.59 % |
| Expenses | Rs. 147.71 Cr | Rs. 62.83 Cr | Rs. 114.66 Cr | + 82.49 % | -22.37 % |
| Operating Profit | Rs. -56.42 Cr | Rs. -21.34 Cr | Rs. -36.68 Cr | -71.88 % | + 34.99 % |
| OPM % | -61.8 % | -51.43 % | -47.04 % | + 4.39 % | + 14.76 % |
| Other Income | Rs. 3.78 Cr | Rs. 1.65 Cr | Rs. 7.59 Cr | + 360 % | + 100.79 % |
| Interest | Rs. 0.75 Cr | Rs. 0.96 Cr | Rs. 0.16 Cr | -83.33 % | -78.67 % |
| Depreciation | Rs. 0.81 Cr | Rs. 0.76 Cr | Rs. 0.99 Cr | + 30.26 % | + 22.22 % |
| Profit before tax | Rs. -54.2 Cr | Rs. -21.41 Cr | Rs. -30.24 Cr | -41.24 % | + 44.21 % |
| Tax % | -29.32 % | -1.48 % | -0.13 % | + 1.35 % | + 29.19 % |
| Net Profit | Rs. -38.3 Cr | Rs. -21.09 Cr | Rs. -30.2 Cr | -43.2 % | + 21.15 % |
| EPS in Rs | Rs. 13.89 | Rs. -7.64 | Rs. -10.96 | -43.46 % | -178.91 % |
Today, we’re looking at EKI Energy Services Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -14.59 %. However, it did see a marginal increase of 87.94 % from the previous quarter. Expenses ticked up slightly by 82.49 % quarter-on-quarter, aligning with the annual decline of -22.37 %. Operating profit, while up 34.99 % compared to last year, faced a quarter-on-quarter dip of -71.88 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 14.76 %, but an expansion of 4.39 % sequentially. Other income rose by 360 % compared to the last quarter, despite an annual growth of 100.79 %. Interest expenses dropped significantly by -83.33 % from the previous quarter, yet the year-over-year decrease remains at a moderate -78.67 %. Depreciation costs climbed by 30.26 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 22.22 %. Profit before tax grew annually by 44.21 % but saw a reduction from the preceding quarter by -41.24 %.
Tax expenses as a percentage of profits increased slightly by 29.19 % compared to last year, with a more notable quarter-on-quarter increase of 1.35 %. Net profit rose by 21.15 % year-on-year but witnessed a -43.2 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -178.91 % but a quarterly fall of -43.46 %. In summary, EKI Energy Services 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. 91.294 Cr | Rs. 41.492 Cr | Rs. 77.978 Cr | + 87.94 % | -14.59 % |
| Expenses | Rs. 147.71 Cr | Rs. 62.83 Cr | Rs. 114.66 Cr | + 82.49 % | -22.37 % |
| Operating Profit | Rs. -56.42 Cr | Rs. -21.34 Cr | Rs. -36.68 Cr | -71.88 % | + 34.99 % |
| Net Profit | Rs. -38.3 Cr | Rs. -21.09 Cr | Rs. -30.2 Cr | -43.2 % | + 21.15 % |
| EPS in Rs | Rs. 13.89 | Rs. -7.64 | Rs. -10.96 | -43.46 % | -178.91 % |
In reviewing EKI Energy Services Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -14.59 % year-on-year, however, there was a minor increase of 87.94 % from the previous quarter. Expenses decreased by -22.37 % compared to the previous year, with a 82.49 % increase quarter-on-quarter. Operating Profit surged by 34.99 % annually, and saw a -71.88 % decrease from the last quarter.
Net Profit showed yearly increase of 21.15 %, and experienced a -43.2 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -178.91 % annually, however dipped by -43.46 % compared to the last quarter. In essence, while EKI Energy Services 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.
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