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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 -6.61 % over the year, decrease in net sales/revenue by -1.77 %.
- 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 108.26 %. Marginal decrease of -99.94% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for El Forge Ltd.. Profit dropped by -4.57 % Year to Year, El Forge Ltd.’s profitability dropped by -99.34 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -4.17 % Year to Year. EPS decreased by -99.33 % 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. 18.227 Cr | Rs. 17.328 Cr | Rs. 17.022 Cr | -1.77 % | -6.61 % |
Expenses | Rs. 16.64 Cr | Rs. 16.13 Cr | Rs. 16.02 Cr | -0.68 % | -3.73 % |
Operating Profit | Rs. 1.59 Cr | Rs. 1.2 Cr | Rs. 1 Cr | -16.67 % | -37.11 % |
OPM % | 8.72 % | 6.93 % | 5.87 % | -1.06 % | -2.85 % |
Other Income | Rs. -0.533 Cr | Rs. 69.362 Cr | Rs. 0.044 Cr | -99.94 % | + 108.26 % |
Interest | Rs. 0.12 Cr | Rs. 0.12 Cr | Rs. 0.12 Cr | + 0 % | + 0 % |
Depreciation | Rs. 0.46 Cr | Rs. 0.47 Cr | Rs. 0.47 Cr | + 0 % | + 2.17 % |
Profit before tax | Rs. 0.48 Cr | Rs. 69.97 Cr | Rs. 0.45 Cr | -99.36 % | -6.25 % |
Tax % | 0 % | 0 % | 0 % | 0 % | 0 % |
Net Profit | Rs. 0.48 Cr | Rs. 69.96 Cr | Rs. 0.46 Cr | -99.34 % | -4.17 % |
EPS in Rs | Rs. 0.24 | Rs. 34.42 | Rs. 0.23 | -99.33 % | -4.17 % |
Today, we’re looking at El Forge 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 -6.61 %. However, it did see a marginal slip of -1.77 % from the previous quarter. Expenses decreased slightly by -0.68 % quarter-on-quarter, aligning with the annual decline of -3.73 %. Operating profit, while down -37.11 % compared to last year, faced a quarter-on-quarter dip of -16.67 %, 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 -2.85 %, but a shrinkage of -1.06 % sequentially. Other income fell by -99.94 % compared to the last quarter, despite an annual growth of 108.26 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2.17 %. Profit before tax declined annually by -6.25 % but saw a reduction from the preceding quarter by -99.36 %.
Net profit fell by -4.17 % year-on-year but witnessed a -99.34 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -4.17 % but a quarterly fall of -99.33 %. In summary, El Forge 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. 18.227 Cr | Rs. 17.328 Cr | Rs. 17.022 Cr | -1.77 % | -6.61 % |
Expenses | Rs. 16.64 Cr | Rs. 16.13 Cr | Rs. 16.02 Cr | -0.68 % | -3.73 % |
Operating Profit | Rs. 1.59 Cr | Rs. 1.2 Cr | Rs. 1 Cr | -16.67 % | -37.11 % |
Net Profit | Rs. 0.48 Cr | Rs. 69.96 Cr | Rs. 0.46 Cr | -99.34 % | -4.17 % |
EPS in Rs | Rs. 0.24 | Rs. 34.42 | Rs. 0.23 | -99.33 % | -4.17 % |
In reviewing El Forge Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -6.61 % year-on-year, although there was a slight dip of -1.77 % from the previous quarter. Expenses decreased by -3.73 % compared to the previous year, with a decrease of -0.68 % quarter-on-quarter. Operating Profit dropped by -37.11 % annually, and saw a -16.67 % decrease from the last quarter.
Net Profit showed yearly decrease of -4.17 %, and experienced a -99.34 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -4.17 % annually, however dipped by -99.33 % compared to the last quarter. In essence, while El Forge 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.