Share the post "Eraaya Lifespaces : Q1 2024 Financial Quarterly Report : YoY Sales Down 92.74 %, QoQ Down 87.06 %"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -92.74 % over the year, decrease in net sales/revenue by -87.06 %.
- Income over the Year and quarter:
- Profit over the Year and quarter: Significant improvement in profitability for Eraaya Lifespaces Ltd. Notable increase of 1889.58 % in net profit Year to Year, Eraaya Lifespaces Ltd’s profitability increased by 47650 % in this quarter.
- EPS over the Year and quarter: EPS increased by 2,000.00 % Year to Year.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 27.527 Cr | Rs. 15.446 Cr | Rs. 1.999 Cr | -87.06 % | -92.74 % |
| Expenses | Rs. 27.46 Cr | Rs. 15.33 Cr | Rs. 0.68 Cr | -95.56 % | -97.52 % |
| Operating Profit | Rs. 0.07 Cr | Rs. 0.12 Cr | Rs. 1.32 Cr | + 1000 % | + 1785.71 % |
| OPM % | 0.25 % | 0.78 % | 66.03 % | + 65.25 % | + 65.78 % |
| Other Income | Rs. 0 Cr | Rs. 0.16 Cr | Rs. 0 Cr | 0 % | 0 % |
| Interest | Rs. 0.02 Cr | Rs. 0.02 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0.04 Cr | Rs. 0.04 Cr | + 0 % | 0 % |
| Profit before tax | Rs. 0.05 Cr | Rs. 0.22 Cr | Rs. 1.28 Cr | + 481.82 % | + 2460 % |
| Tax % | 0 % | 98.62 % | 25.16 % | -73.46 % | + 25.16 % |
| Net Profit | Rs. 0.05 Cr | Rs. 0 Cr | Rs. 0.96 Cr | 0 % | + 1820 % |
| EPS in Rs | Rs. 0.03 | Rs. 0 | Rs. 0.63 | 0 % | + 2000 % |
Today, we’re looking at Eraaya Lifespaces 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 -92.74 %. However, it did see a marginal slip of -87.06 % from the previous quarter. Expenses decreased slightly by -95.56 % quarter-on-quarter, aligning with the annual decline of -97.52 %. Operating profit, while up 1785.71 % compared to last year, faced a quarter-on-quarter increase of 1000 %, 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 65.78 %, but an expansion of 65.25 % sequentially. Depreciation costs climbed by 0 % quarter-on-quarter, Profit before tax grew annually by 2460 % but saw an increase from the preceding quarter by 481.82 %.
Tax expenses as a percentage of profits increased slightly by 25.16 % compared to last year, with a more notable quarter-on-quarter decrease of -73.46 %. Net profit rose by 1820 % year-on-year And finally, Earnings Per Share (EPS) displayed an annual uptick of 2000 % In summary, Eraaya Lifespaces 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. 27.527 Cr | Rs. 15.446 Cr | Rs. 1.999 Cr | -87.06 % | -92.74 % |
| Expenses | Rs. 27.46 Cr | Rs. 15.33 Cr | Rs. 0.68 Cr | -95.56 % | -97.52 % |
| Operating Profit | Rs. 0.07 Cr | Rs. 0.12 Cr | Rs. 1.32 Cr | + 1000 % | + 1785.71 % |
| Net Profit | Rs. 0.05 Cr | Rs. 0 Cr | Rs. 0.96 Cr | 0 % | + 1820 % |
| EPS in Rs | Rs. 0.03 | Rs. 0 | Rs. 0.63 | 0 % | + 2000 % |
In reviewing Eraaya Lifespaces Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -92.74 % year-on-year, although there was a slight dip of -87.06 % from the previous quarter. Expenses decreased by -97.52 % compared to the previous year, with a decrease of -95.56 % quarter-on-quarter. Operating Profit surged by 1785.71 % annually, and saw a 1000 % increase from the last quarter.
Net Profit showed yearly increase of 1820 %, Earnings Per Share (EPS) rose by 2000 % annually, In essence, while Eraaya Lifespaces 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.
