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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 -12.39 % over the year, substantial increase in net sales/revenue by 0.02 %.
- 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 45.23 %. Marginal decrease of -2.58% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Elnet Technologies Ltd.. Notable increase of 3.21 % in net profit Year to Year, Elnet Technologies Ltd.’s profitability increased by 0 % in this quarter.
- EPS over the Year and quarter: EPS increased by 3.26 % Year to Year. EPS increased by 0 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 6.725 Cr | Rs. 5.891 Cr | Rs. 5.892 Cr | + 0.02 % | -12.39 % |
Expenses | Rs. 2.35 Cr | Rs. 2.11 Cr | Rs. 2.24 Cr | + 6.16 % | -4.68 % |
Operating Profit | Rs. 4.38 Cr | Rs. 3.78 Cr | Rs. 3.65 Cr | -3.44 % | -16.67 % |
OPM % | 65.13 % | 64.17 % | 61.95 % | -2.22 % | -3.18 % |
Other Income | Rs. 1.583 Cr | Rs. 2.36 Cr | Rs. 2.299 Cr | -2.58 % | + 45.23 % |
Interest | Rs. 0.16 Cr | Rs. 0.18 Cr | Rs. 0.12 Cr | -33.33 % | -25 % |
Depreciation | Rs. 0.44 Cr | Rs. 0.37 Cr | Rs. 0.37 Cr | + 0 % | -15.91 % |
Profit before tax | Rs. 5.36 Cr | Rs. 5.59 Cr | Rs. 5.46 Cr | -2.33 % | + 1.87 % |
Tax % | 26.7 % | 27.63 % | 25.83 % | -1.8 % | -0.87 % |
Net Profit | Rs. 3.93 Cr | Rs. 4.05 Cr | Rs. 4.05 Cr | + 0 % | + 3.05 % |
EPS in Rs | Rs. 9.81 | Rs. 10.13 | Rs. 10.13 | + 0 % | + 3.26 % |
Today, we’re looking at Elnet Technologies 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 -12.39 %. However, it did see a marginal increase of 0.02 % from the previous quarter. Expenses ticked up slightly by 6.16 % quarter-on-quarter, aligning with the annual decline of -4.68 %. Operating profit, while down -16.67 % compared to last year, faced a quarter-on-quarter dip of -3.44 %, 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 -3.18 %, but a shrinkage of -2.22 % sequentially. Other income fell by -2.58 % compared to the last quarter, despite an annual growth of 45.23 %. Interest expenses dropped significantly by -33.33 % from the previous quarter, yet the year-over-year decrease remains at a moderate -25 %. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -15.91 %. Profit before tax grew annually by 1.87 % but saw a reduction from the preceding quarter by -2.33 %.
Tax expenses as a percentage of profits decreased slightly by -0.87 % compared to last year, with a more notable quarter-on-quarter decrease of -1.8 %. Net profit rose by 3.05 % year-on-year but experienced a 0 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 3.26 % but a quarterly rise of 0 %. In summary, Elnet Technologies 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. 6.725 Cr | Rs. 5.891 Cr | Rs. 5.892 Cr | + 0.02 % | -12.39 % |
Expenses | Rs. 2.35 Cr | Rs. 2.11 Cr | Rs. 2.24 Cr | + 6.16 % | -4.68 % |
Operating Profit | Rs. 4.38 Cr | Rs. 3.78 Cr | Rs. 3.65 Cr | -3.44 % | -16.67 % |
Net Profit | Rs. 3.93 Cr | Rs. 4.05 Cr | Rs. 4.05 Cr | + 0 % | + 3.05 % |
EPS in Rs | Rs. 9.81 | Rs. 10.13 | Rs. 10.13 | + 0 % | + 3.26 % |
In reviewing Elnet Technologies Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -12.39 % year-on-year, however, there was a minor increase of 0.02 % from the previous quarter. Expenses decreased by -4.68 % compared to the previous year, with a 6.16 % increase quarter-on-quarter. Operating Profit dropped by -16.67 % annually, and saw a -3.44 % decrease from the last quarter.
Net Profit showed yearly increase of 3.05 %, and experienced a 0 % increase from the previous quarter. Earnings Per Share (EPS) rose by 3.26 % annually, however rose by 0 % compared to the last quarter. In essence, while Elnet Technologies Ltd. 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.