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Elnet Technologies : Q4 2024 Financial Quarterly Report : YoY Sales Down 8.79 %, QoQ Down 13.07 %

July 2, 2024July 2, 2024| adminadmin| 0 Comments| 12:55 pm
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -8.79 % over the year, decrease in net sales/revenue by -13.07 %.
  • 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 40.48 %. Marginal increase in other income during this quarter, up by 7.27%.
  • Profit over the Year and quarter: Significant improvement in profitability for Elnet Technologies Ltd.. Notable increase of 45.3 % in net profit Year to Year, Elnet Technologies Ltd.’s profitability dropped by -14.86 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS increased by 45.34 % Year to Year. EPS decreased by -14.87 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Elnet Technologies Ltd.”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 6.459 Cr Rs. 6.777 Cr Rs. 5.891 Cr -13.07 % -8.79 %
Expenses Rs. 3 Cr Rs. 2.07 Cr Rs. 2.11 Cr + 1.93 % -29.67 %
Operating Profit Rs. 3.46 Cr Rs. 4.71 Cr Rs. 3.78 Cr -19.75 % + 9.25 %
OPM % 53.57 % 69.5 % 64.17 % -5.33 % + 10.6 %
Other Income Rs. 1.68 Cr Rs. 2.2 Cr Rs. 2.36 Cr + 7.27 % + 40.48 %
Interest Rs. 0.06 Cr Rs. 0.18 Cr Rs. 0.18 Cr + 0 % + 200 %
Depreciation Rs. 0.5 Cr Rs. 0.42 Cr Rs. 0.37 Cr -11.9 % -26 %
Profit before tax Rs. 4.58 Cr Rs. 6.31 Cr Rs. 5.59 Cr -11.41 % + 22.05 %
Tax % 39.02 % 24.55 % 27.63 % + 3.08 % -11.39 %
Net Profit Rs. 2.79 Cr Rs. 4.76 Cr Rs. 4.05 Cr -14.92 % + 45.16 %
EPS in Rs Rs. 6.97 Rs. 11.9 Rs. 10.13 -14.87 % + 45.34 %


Today, we’re looking at Elnet Technologies Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -8.79 %. However, it did see a marginal slip of -13.07 % from the previous quarter. Expenses ticked up slightly by 1.93 % quarter-on-quarter, aligning with the annual decline of -29.67 %. Operating profit, while up 9.25 % compared to last year, faced a quarter-on-quarter dip of -19.75 %, 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 10.6 %, but a shrinkage of -5.33 % sequentially. Other income rose by 7.27 % compared to the last quarter, despite an annual growth of 40.48 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 200 %. Depreciation costs fell by -11.9 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -26 %. Profit before tax grew annually by 22.05 % but saw a reduction from the preceding quarter by -11.41 %.
Tax expenses as a percentage of profits decreased slightly by -11.39 % compared to last year, with a more notable quarter-on-quarter increase of 3.08 %. Net profit rose by 45.16 % year-on-year but witnessed a -14.92 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 45.34 % but a quarterly fall of -14.87 %. 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. 6.459 Cr Rs. 6.777 Cr Rs. 5.891 Cr -13.07 % -8.79 %
Expenses Rs. 3 Cr Rs. 2.07 Cr Rs. 2.11 Cr + 1.93 % -29.67 %
Operating Profit Rs. 3.46 Cr Rs. 4.71 Cr Rs. 3.78 Cr -19.75 % + 9.25 %
Net Profit Rs. 2.79 Cr Rs. 4.76 Cr Rs. 4.05 Cr -14.92 % + 45.16 %
EPS in Rs Rs. 6.97 Rs. 11.9 Rs. 10.13 -14.87 % + 45.34 %


In reviewing Elnet Technologies Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -8.79 % year-on-year, although there was a slight dip of -13.07 % from the previous quarter. Expenses decreased by -29.67 % compared to the previous year, with a 1.93 % increase quarter-on-quarter. Operating Profit surged by 9.25 % annually, and saw a -19.75 % decrease from the last quarter.
Net Profit showed yearly increase of 45.16 %, and experienced a -14.92 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 45.34 % annually, however dipped by -14.87 % compared to the last quarter. In essence, while Elnet Technologies Ltd. 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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