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Filatex Fashions : Q4 2024 Financial Quarterly Report : YoY Sales Up 51.28 %, QoQ Up 38.76 %

June 13, 2024June 13, 2024| adminadmin| 0 Comments| 6:25 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 51.28 % in the past year, substantial increase in net sales/revenue by 38.76 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -28.18 %, Marginal increase in other income during this quarter, up by 12900%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Filatex Fashions Ltd. Profit dropped by -33.84 % Year to Year, Filatex Fashions Ltd’s profitability dropped by -13.95 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS declined by -94.74 % Year to Year. EPS increased by 0 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Filatex Fashions 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. 40.821 Cr Rs. 44.505 Cr Rs. 61.755 Cr + 38.76 % + 51.28 %
Expenses Rs. 38.52 Cr Rs. 39.71 Cr Rs. 60.92 Cr + 53.41 % + 58.15 %
Operating Profit Rs. 2.3 Cr Rs. 4.8 Cr Rs. 0.83 Cr -82.71 % -63.91 %
OPM % 5.63 % 10.79 % 1.34 % -9.45 % -4.29 %
Other Income Rs. 3.62 Cr Rs. 0.02 Cr Rs. 2.6 Cr + 12900 % -28.18 %
Interest Rs. 0.34 Cr Rs. 0.37 Cr Rs. 0.49 Cr + 32.43 % + 44.12 %
Depreciation Rs. 0.16 Cr Rs. 0.15 Cr Rs. 0.23 Cr + 53.33 % + 43.75 %
Profit before tax Rs. 5.42 Cr Rs. 4.3 Cr Rs. 2.71 Cr -36.98 % -50 %
Tax % 32.13 % 34.27 % 10.08 % -24.19 % -22.05 %
Net Profit Rs. 3.68 Cr Rs. 2.83 Cr Rs. 2.44 Cr -13.78 % -33.7 %
EPS in Rs Rs. 0.38 Rs. 0.02 Rs. 0.03 + 50 % -92.11 %


Today, we’re looking at Filatex Fashions Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 51.28 %. However, it did see a marginal increase of 38.76 % from the previous quarter. Expenses ticked up slightly by 53.41 % quarter-on-quarter, aligning with the annual rise of 58.15 %. Operating profit, while down -63.91 % compared to last year, faced a quarter-on-quarter dip of -82.71 %, 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 -4.29 %, but a shrinkage of -9.45 % sequentially. Other income rose by 12900 % compared to the last quarter, despite an annual decline of -28.18 %. Interest expenses surged remarkably by 32.43 % from the previous quarter, yet the year-over-year increase remains at a moderate 44.12 %. Depreciation costs climbed by 53.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 43.75 %. Profit before tax declined annually by -50 % but saw a reduction from the preceding quarter by -36.98 %.
Tax expenses as a percentage of profits decreased slightly by -22.05 % compared to last year, with a more notable quarter-on-quarter decrease of -24.19 %. Net profit fell by -33.7 % year-on-year but witnessed a -13.78 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -92.11 % but a quarterly rise of 50 %. In summary, Filatex Fashions 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. 40.821 Cr Rs. 44.505 Cr Rs. 61.755 Cr + 38.76 % + 51.28 %
Expenses Rs. 38.52 Cr Rs. 39.71 Cr Rs. 60.92 Cr + 53.41 % + 58.15 %
Operating Profit Rs. 2.3 Cr Rs. 4.8 Cr Rs. 0.83 Cr -82.71 % -63.91 %
Net Profit Rs. 3.68 Cr Rs. 2.83 Cr Rs. 2.44 Cr -13.78 % -33.7 %
EPS in Rs Rs. 0.38 Rs. 0.02 Rs. 0.03 + 50 % -92.11 %


In reviewing Filatex Fashions Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 51.28 % year-on-year growth, however, there was a minor increase of 38.76 % from the previous quarter. Expenses rose by 58.15 % compared to the previous year, with a 53.41 % increase quarter-on-quarter. Operating Profit dropped by -63.91 % annually, and saw a -82.71 % decrease from the last quarter.
Net Profit showed yearly decrease of -33.7 %, and experienced a -13.78 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -92.11 % annually, however rose by 50 % compared to the last quarter. In essence, while Filatex Fashions Ltd faces strong annual decline 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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