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Highlights
- Sales over the Year and quarter: The company’s sales declined by -12.4 % over the year, decrease in net sales/revenue by -4.5 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -11.76 %, Marginal increase in other income during this quarter, up by 15.38%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Elegant Floriculture & Agrotech (In. Profit dropped by -140.38 % Year to Year, Elegant Floriculture & Agrotech (In’s profitability increased by 24.42 % in this quarter.
- EPS over the Year and quarter: EPS declined by -135.71 % Year to Year. EPS increased by 25 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.242 Cr | Rs. 0.222 Cr | Rs. 0.212 Cr | -4.5 % | -12.4 % |
| Expenses | Rs. 0.29 Cr | Rs. 0.2 Cr | Rs. 0.16 Cr | -20 % | -44.83 % |
| Operating Profit | Rs. -0.05 Cr | Rs. 0.02 Cr | Rs. 0.05 Cr | + 150 % | + 200 % |
| OPM % | -20.66 % | 9.01 % | 23.58 % | + 14.57 % | + 44.24 % |
| Other Income | Rs. 0.17 Cr | Rs. 0.13 Cr | Rs. 0.15 Cr | + 15.38 % | -11.76 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.44 Cr | Rs. 0.07 Cr | Rs. 0.09 Cr | + 28.57 % | -79.55 % |
| Profit before tax | Rs. -0.32 Cr | Rs. 0.08 Cr | Rs. 0.11 Cr | + 37.5 % | + 134.38 % |
| Tax % | -16.14 % | 0 % | 6.19 % | + 6.19 % | + 22.33 % |
| Net Profit | Rs. -0.27 Cr | Rs. 0.09 Cr | Rs. 0.11 Cr | + 22.22 % | + 140.74 % |
| EPS in Rs | Rs. -0.14 | Rs. 0.04 | Rs. 0.05 | + 25 % | + 135.71 % |
Today, we’re looking at Elegant Floriculture & Agrotech (In’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -12.4 %. However, it did see a marginal slip of -4.5 % from the previous quarter. Expenses decreased slightly by -20 % quarter-on-quarter, aligning with the annual decline of -44.83 %. Operating profit, while up 200 % compared to last year, faced a quarter-on-quarter increase of 150 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 44.24 %, but an expansion of 14.57 % sequentially. Other income rose by 15.38 % compared to the last quarter, despite an annual decline of -11.76 %. Depreciation costs climbed by 28.57 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -79.55 %. Profit before tax grew annually by 134.38 % but saw an increase from the preceding quarter by 37.5 %.
Tax expenses as a percentage of profits increased slightly by 22.33 % compared to last year, with a more notable quarter-on-quarter increase of 6.19 %. Net profit rose by 140.74 % year-on-year but experienced a 22.22 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 135.71 % but a quarterly rise of 25 %. In summary, Elegant Floriculture & Agrotech (In’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. 0.242 Cr | Rs. 0.222 Cr | Rs. 0.212 Cr | -4.5 % | -12.4 % |
| Expenses | Rs. 0.29 Cr | Rs. 0.2 Cr | Rs. 0.16 Cr | -20 % | -44.83 % |
| Operating Profit | Rs. -0.05 Cr | Rs. 0.02 Cr | Rs. 0.05 Cr | + 150 % | + 200 % |
| Net Profit | Rs. -0.27 Cr | Rs. 0.09 Cr | Rs. 0.11 Cr | + 22.22 % | + 140.74 % |
| EPS in Rs | Rs. -0.14 | Rs. 0.04 | Rs. 0.05 | + 25 % | + 135.71 % |
In reviewing Elegant Floriculture & Agrotech (In’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -12.4 % year-on-year, although there was a slight dip of -4.5 % from the previous quarter. Expenses decreased by -44.83 % compared to the previous year, with a decrease of -20 % quarter-on-quarter. Operating Profit surged by 200 % annually, and saw a 150 % increase from the last quarter.
Net Profit showed yearly increase of 140.74 %, and experienced a 22.22 % increase from the previous quarter. Earnings Per Share (EPS) rose by 135.71 % annually, however rose by 25 % compared to the last quarter. In essence, while Elegant Floriculture & Agrotech (In exhibits strong annual growth 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.
