Share the post "Fortune International ‘s Q1 Update: Profit Falls by 43.2% Year-on-Year"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- 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 200 %. Marginal decrease of -25% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Fortune International Ltd.. Profit dropped by -43.27 % Year to Year, Fortune International Ltd.’s profitability dropped by -28.69 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -43.38 % Year to Year. EPS decreased by -28.72 % 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. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.06 Cr | Rs. 0.05 Cr | Rs. 0.04 Cr | -20 % | -33.33 % |
| Operating Profit | Rs. -0.06 Cr | Rs. -0.05 Cr | Rs. -0.04 Cr | + 20 % | + 33.33 % |
| OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Other Income | Rs. 0.002 Cr | Rs. 0.008 Cr | Rs. 0.006 Cr | -25 % | + 200 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.02 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. -0.08 Cr | Rs. -0.04 Cr | Rs. -0.03 Cr | + 25 % | + 62.5 % |
| Tax % | -0 % | -26.32 % | -0 % | + 26.32 % | 0 % |
| Net Profit | Rs. 2.5 Cr | Rs. 1.99 Cr | Rs. 1.42 Cr | -28.64 % | -43.2 % |
| EPS in Rs | Rs. 3.55 | Rs. 2.82 | Rs. 2.01 | -28.72 % | -43.38 % |
Today, we’re looking at Fortune International Ltd.’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -20 % quarter-on-quarter, aligning with the annual decline of -33.33 %. Operating profit, while up 33.33 % compared to last year, faced a quarter-on-quarter increase of 20 %, signaling a short-term expansion in margins.
Other income fell by -25 % compared to the last quarter, despite an annual growth of 200 %. Profit before tax grew annually by 62.5 % but saw an increase from the preceding quarter by 25 %.
with a more notable quarter-on-quarter increase of 26.32 %. Net profit fell by -43.2 % year-on-year but witnessed a -28.64 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -43.38 % but a quarterly fall of -28.72 %. In summary, Fortune International 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. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.06 Cr | Rs. 0.05 Cr | Rs. 0.04 Cr | -20 % | -33.33 % |
| Operating Profit | Rs. -0.06 Cr | Rs. -0.05 Cr | Rs. -0.04 Cr | + 20 % | + 33.33 % |
| Net Profit | Rs. 2.5 Cr | Rs. 1.99 Cr | Rs. 1.42 Cr | -28.64 % | -43.2 % |
| EPS in Rs | Rs. 3.55 | Rs. 2.82 | Rs. 2.01 | -28.72 % | -43.38 % |
In reviewing Fortune International Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses decreased by -33.33 % compared to the previous year, with a decrease of -20 % quarter-on-quarter. Operating Profit surged by 33.33 % annually, and saw a 20 % increase from the last quarter.
Net Profit showed yearly decrease of -43.2 %, and experienced a -28.64 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -43.38 % annually, however dipped by -28.72 % compared to the last quarter. In essence, while Fortune International 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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