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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 experienced a substantial growth of 47.2 % in the past year, decrease in net sales/revenue by -10.73 %.
- 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 133.33 %. Marginal decrease of -77.42% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Flex Foods Ltd.,. Notable increase of 121.86 % in net profit Year to Year, Flex Foods Ltd.,’s profitability increased by 213.14 % in this quarter.
- EPS over the Year and quarter: EPS increased by 122.22 % Year to Year. EPS increased by 212.06 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 26.95 Cr | Rs. 44.44 Cr | Rs. 39.67 Cr | -10.73 % | + 47.2 % |
Expenses | Rs. 23.49 Cr | Rs. 37.95 Cr | Rs. 37.87 Cr | -0.21 % | + 61.22 % |
Operating Profit | Rs. 3.46 Cr | Rs. 6.49 Cr | Rs. 1.8 Cr | -72.27 % | -47.98 % |
OPM % | 12.84 % | 14.6 % | 4.54 % | -10.06 % | -8.3 % |
Other Income | Rs. 0.03 Cr | Rs. 0.31 Cr | Rs. 0.07 Cr | -77.42 % | + 133.33 % |
Interest | Rs. 3.43 Cr | Rs. 5.59 Cr | Rs. 5.08 Cr | -9.12 % | + 48.1 % |
Depreciation | Rs. 3.64 Cr | Rs. 4.15 Cr | Rs. 4.14 Cr | -0.24 % | + 13.74 % |
Profit before tax | Rs. -3.58 Cr | Rs. -2.94 Cr | Rs. -7.35 Cr | -150 % | -105.31 % |
Tax % | -31.01 % | -40.48 % | -25.44 % | + 15.04 % | + 5.57 % |
Net Profit | Rs. -2.47 Cr | Rs. -1.75 Cr | Rs. -5.48 Cr | -213.14 % | -121.86 % |
EPS in Rs | Rs. -1.98 | Rs. -1.41 | Rs. -4.4 | -212.06 % | -122.22 % |
Today, we’re looking at Flex Foods Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 47.2 %. However, it did see a marginal slip of -10.73 % from the previous quarter. Expenses decreased slightly by -0.21 % quarter-on-quarter, aligning with the annual rise of 61.22 %. Operating profit, while down -47.98 % compared to last year, faced a quarter-on-quarter dip of -72.27 %, 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 -8.3 %, but a shrinkage of -10.06 % sequentially. Other income fell by -77.42 % compared to the last quarter, despite an annual growth of 133.33 %. Interest expenses dropped significantly by -9.12 % from the previous quarter, yet the year-over-year increase remains at a moderate 48.1 %. Depreciation costs fell by -0.24 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 13.74 %. Profit before tax declined annually by -105.31 % but saw a reduction from the preceding quarter by -150 %.
Tax expenses as a percentage of profits increased slightly by 5.57 % compared to last year, with a more notable quarter-on-quarter increase of 15.04 %. Net profit fell by -121.86 % year-on-year but witnessed a -213.14 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -122.22 % but a quarterly fall of -212.06 %. In summary, Flex Foods 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. 26.95 Cr | Rs. 44.44 Cr | Rs. 39.67 Cr | -10.73 % | + 47.2 % |
Expenses | Rs. 23.49 Cr | Rs. 37.95 Cr | Rs. 37.87 Cr | -0.21 % | + 61.22 % |
Operating Profit | Rs. 3.46 Cr | Rs. 6.49 Cr | Rs. 1.8 Cr | -72.27 % | -47.98 % |
Net Profit | Rs. -2.47 Cr | Rs. -1.75 Cr | Rs. -5.48 Cr | -213.14 % | -121.86 % |
EPS in Rs | Rs. -1.98 | Rs. -1.41 | Rs. -4.4 | -212.06 % | -122.22 % |
In reviewing Flex Foods Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 47.2 % year-on-year growth, although there was a slight dip of -10.73 % from the previous quarter. Expenses rose by 61.22 % compared to the previous year, with a decrease of -0.21 % quarter-on-quarter. Operating Profit dropped by -47.98 % annually, and saw a -72.27 % decrease from the last quarter.
Net Profit showed yearly decrease of -121.86 %, and experienced a -213.14 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -122.22 % annually, however dipped by -212.06 % compared to the last quarter. In essence, while Flex Foods 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.