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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 18.79 % in the past year, substantial increase in net sales/revenue by 8.21 %.
- 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 30.57 %. Marginal decrease of -24.08% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Ethos Limited. Notable increase of 25.59 % in net profit Year to Year, Ethos Limited’s profitability increased by 8.43 % in this quarter.
- EPS over the Year and quarter: EPS increased by 19.79 % Year to Year. EPS increased by 5.55 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 230.022 Cr | Rs. 252.524 Cr | Rs. 273.248 Cr | + 8.21 % | + 18.79 % |
| Expenses | Rs. 196.1 Cr | Rs. 216.54 Cr | Rs. 230.13 Cr | + 6.28 % | + 17.35 % |
| Operating Profit | Rs. 33.92 Cr | Rs. 35.98 Cr | Rs. 43.12 Cr | + 19.84 % | + 27.12 % |
| OPM % | 14.75 % | 14.25 % | 15.78 % | + 1.53 % | + 1.03 % |
| Other Income | Rs. 4.897 Cr | Rs. 8.422 Cr | Rs. 6.394 Cr | -24.08 % | + 30.57 % |
| Interest | Rs. 3.8 Cr | Rs. 4.04 Cr | Rs. 4.53 Cr | + 12.13 % | + 19.21 % |
| Depreciation | Rs. 10.73 Cr | Rs. 12.73 Cr | Rs. 14.32 Cr | + 12.49 % | + 33.46 % |
| Profit before tax | Rs. 24.29 Cr | Rs. 27.63 Cr | Rs. 30.66 Cr | + 10.97 % | + 26.22 % |
| Tax % | 25.48 % | 24.26 % | 25.52 % | + 1.26 % | + 0.04 % |
| Net Profit | Rs. 18.16 Cr | Rs. 21.03 Cr | Rs. 22.8 Cr | + 8.42 % | + 25.55 % |
| EPS in Rs | Rs. 7.78 | Rs. 8.83 | Rs. 9.32 | + 5.55 % | + 19.79 % |
Today, we’re looking at Ethos Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 18.79 %. However, it did see a marginal increase of 8.21 % from the previous quarter. Expenses ticked up slightly by 6.28 % quarter-on-quarter, aligning with the annual rise of 17.35 %. Operating profit, while up 27.12 % compared to last year, faced a quarter-on-quarter increase of 19.84 %, 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 1.03 %, but an expansion of 1.53 % sequentially. Other income fell by -24.08 % compared to the last quarter, despite an annual growth of 30.57 %. Interest expenses surged remarkably by 12.13 % from the previous quarter, yet the year-over-year increase remains at a moderate 19.21 %. Depreciation costs climbed by 12.49 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 33.46 %. Profit before tax grew annually by 26.22 % but saw an increase from the preceding quarter by 10.97 %.
Tax expenses as a percentage of profits increased slightly by 0.04 % compared to last year, with a more notable quarter-on-quarter increase of 1.26 %. Net profit rose by 25.55 % year-on-year but experienced a 8.42 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 19.79 % but a quarterly rise of 5.55 %. In summary, Ethos Limited’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. 230.022 Cr | Rs. 252.524 Cr | Rs. 273.248 Cr | + 8.21 % | + 18.79 % |
| Expenses | Rs. 196.1 Cr | Rs. 216.54 Cr | Rs. 230.13 Cr | + 6.28 % | + 17.35 % |
| Operating Profit | Rs. 33.92 Cr | Rs. 35.98 Cr | Rs. 43.12 Cr | + 19.84 % | + 27.12 % |
| Net Profit | Rs. 18.16 Cr | Rs. 21.03 Cr | Rs. 22.8 Cr | + 8.42 % | + 25.55 % |
| EPS in Rs | Rs. 7.78 | Rs. 8.83 | Rs. 9.32 | + 5.55 % | + 19.79 % |
In reviewing Ethos Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 18.79 % year-on-year growth, however, there was a minor increase of 8.21 % from the previous quarter. Expenses rose by 17.35 % compared to the previous year, with a 6.28 % increase quarter-on-quarter. Operating Profit surged by 27.12 % annually, and saw a 19.84 % increase from the last quarter.
Net Profit showed yearly increase of 25.55 %, and experienced a 8.42 % increase from the previous quarter. Earnings Per Share (EPS) rose by 19.79 % annually, however rose by 5.55 % compared to the last quarter. In essence, while Ethos Limited 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.
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