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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 27.7 % in the past year, substantial increase in net sales/revenue by 59.28 %.
- 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 542.86 %. Marginal increase in other income during this quarter, up by 675%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Flex Foods Ltd.,. Profit dropped by -76.6 % Year to Year, Flex Foods Ltd.,’s profitability dropped by -88.18 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -76.54 % Year to Year. EPS decreased by -88.15 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 34.8 Cr | Rs. 27.9 Cr | Rs. 44.44 Cr | + 59.28 % | + 27.7 % |
| Expenses | Rs. 29.57 Cr | Rs. 38.22 Cr | Rs. 37.95 Cr | -0.71 % | + 28.34 % |
| Operating Profit | Rs. 5.23 Cr | Rs. -10.32 Cr | Rs. 6.49 Cr | + 162.89 % | + 24.09 % |
| OPM % | 15.03 % | -36.99 % | 14.6 % | + 51.59 % | -0.43 % |
| Other Income | Rs. -0.07 Cr | Rs. 0.04 Cr | Rs. 0.31 Cr | + 675 % | + 542.86 % |
| Interest | Rs. 11.81 Cr | Rs. 4.87 Cr | Rs. 5.59 Cr | + 14.78 % | -52.67 % |
| Depreciation | Rs. 3.53 Cr | Rs. 4.22 Cr | Rs. 4.15 Cr | -1.66 % | + 17.56 % |
| Profit before tax | Rs. -10.18 Cr | Rs. -19.37 Cr | Rs. -2.94 Cr | + 84.82 % | + 71.12 % |
| Tax % | -26.52 % | -23.54 % | -40.48 % | -16.94 % | -13.96 % |
| Net Profit | Rs. -7.48 Cr | Rs. -14.81 Cr | Rs. -1.75 Cr | + 88.18 % | + 76.6 % |
| EPS in Rs | Rs. -6.01 | Rs. -11.9 | Rs. -1.41 | + 88.15 % | + 76.54 % |
Today, we’re looking at Flex Foods 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 27.7 %. However, it did see a marginal increase of 59.28 % from the previous quarter. Expenses decreased slightly by -0.71 % quarter-on-quarter, aligning with the annual rise of 28.34 %. Operating profit, while up 24.09 % compared to last year, faced a quarter-on-quarter increase of 162.89 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.43 %, but an expansion of 51.59 % sequentially. Other income rose by 675 % compared to the last quarter, despite an annual growth of 542.86 %. Interest expenses surged remarkably by 14.78 % from the previous quarter, yet the year-over-year decrease remains at a moderate -52.67 %. Depreciation costs fell by -1.66 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 17.56 %. Profit before tax grew annually by 71.12 % but saw an increase from the preceding quarter by 84.82 %.
Tax expenses as a percentage of profits decreased slightly by -13.96 % compared to last year, with a more notable quarter-on-quarter decrease of -16.94 %. Net profit rose by 76.6 % year-on-year but experienced a 88.18 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 76.54 % but a quarterly rise of 88.15 %. 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. 34.8 Cr | Rs. 27.9 Cr | Rs. 44.44 Cr | + 59.28 % | + 27.7 % |
| Expenses | Rs. 29.57 Cr | Rs. 38.22 Cr | Rs. 37.95 Cr | -0.71 % | + 28.34 % |
| Operating Profit | Rs. 5.23 Cr | Rs. -10.32 Cr | Rs. 6.49 Cr | + 162.89 % | + 24.09 % |
| Net Profit | Rs. -7.48 Cr | Rs. -14.81 Cr | Rs. -1.75 Cr | + 88.18 % | + 76.6 % |
| EPS in Rs | Rs. -6.01 | Rs. -11.9 | Rs. -1.41 | + 88.15 % | + 76.54 % |
In reviewing Flex Foods Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 27.7 % year-on-year growth, however, there was a minor increase of 59.28 % from the previous quarter. Expenses rose by 28.34 % compared to the previous year, with a decrease of -0.71 % quarter-on-quarter. Operating Profit surged by 24.09 % annually, and saw a 162.89 % increase from the last quarter.
Net Profit showed yearly increase of 76.6 %, and experienced a 88.18 % increase from the previous quarter. Earnings Per Share (EPS) rose by 76.54 % annually, however rose by 88.15 % compared to the last quarter. In essence, while Flex Foods 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.
