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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’s sales declined by -71.9 % over the year, decrease in net sales/revenue by -21.09 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -48.88 %, Marginal decrease of -18.02% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Freshtrop Fruits Ltd.. Notable increase of 26.42 % in net profit Year to Year, Freshtrop Fruits Ltd.’s profitability dropped by -8054.37 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 56.95 % Year to Year. EPS decreased by -9890.48 % 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. 106.242 Cr | Rs. 37.832 Cr | Rs. 29.852 Cr | -21.09 % | -71.9 % |
Expenses | Rs. 89.15 Cr | Rs. 38.73 Cr | Rs. 28.28 Cr | -26.98 % | -68.28 % |
Operating Profit | Rs. 17.09 Cr | Rs. -0.9 Cr | Rs. 1.57 Cr | + 274.44 % | -90.81 % |
OPM % | 16.09 % | -2.38 % | 5.26 % | + 7.64 % | -10.83 % |
Other Income | Rs. 2.555 Cr | Rs. 1.593 Cr | Rs. 1.306 Cr | -18.02 % | -48.88 % |
Interest | Rs. 0.48 Cr | Rs. 0.08 Cr | Rs. 0.13 Cr | + 62.5 % | -72.92 % |
Depreciation | Rs. 1.37 Cr | Rs. 1.22 Cr | Rs. 1.05 Cr | -13.93 % | -23.36 % |
Profit before tax | Rs. 17.8 Cr | Rs. -0.61 Cr | Rs. 1.7 Cr | + 378.69 % | -90.45 % |
Tax % | 27.18 % | -65.67 % | 34.45 % | + 100.12 % | + 7.27 % |
Net Profit | Rs. 12.96 Cr | Rs. -0.21 Cr | Rs. 16.39 Cr | + 7904.76 % | + 26.47 % |
EPS in Rs | Rs. 13.1 | Rs. -0.21 | Rs. 20.56 | + 9890.48 % | + 56.95 % |
Today, we’re looking at Freshtrop Fruits Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -71.9 %. However, it did see a marginal slip of -21.09 % from the previous quarter. Expenses decreased slightly by -26.98 % quarter-on-quarter, aligning with the annual decline of -68.28 %. Operating profit, while down -90.81 % compared to last year, faced a quarter-on-quarter increase of 274.44 %, 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 -10.83 %, but an expansion of 7.64 % sequentially. Other income fell by -18.02 % compared to the last quarter, despite an annual decline of -48.88 %. Interest expenses surged remarkably by 62.5 % from the previous quarter, yet the year-over-year decrease remains at a moderate -72.92 %. Depreciation costs fell by -13.93 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -23.36 %. Profit before tax declined annually by -90.45 % but saw an increase from the preceding quarter by 378.69 %.
Tax expenses as a percentage of profits increased slightly by 7.27 % compared to last year, with a more notable quarter-on-quarter increase of 100.12 %. Net profit rose by 26.47 % year-on-year but experienced a 7904.76 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 56.95 % but a quarterly rise of 9890.48 %. In summary, Freshtrop Fruits 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. 106.242 Cr | Rs. 37.832 Cr | Rs. 29.852 Cr | -21.09 % | -71.9 % |
Expenses | Rs. 89.15 Cr | Rs. 38.73 Cr | Rs. 28.28 Cr | -26.98 % | -68.28 % |
Operating Profit | Rs. 17.09 Cr | Rs. -0.9 Cr | Rs. 1.57 Cr | + 274.44 % | -90.81 % |
Net Profit | Rs. 12.96 Cr | Rs. -0.21 Cr | Rs. 16.39 Cr | + 7904.76 % | + 26.47 % |
EPS in Rs | Rs. 13.1 | Rs. -0.21 | Rs. 20.56 | + 9890.48 % | + 56.95 % |
In reviewing Freshtrop Fruits Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -71.9 % year-on-year, although there was a slight dip of -21.09 % from the previous quarter. Expenses decreased by -68.28 % compared to the previous year, with a decrease of -26.98 % quarter-on-quarter. Operating Profit dropped by -90.81 % annually, and saw a 274.44 % increase from the last quarter.
Net Profit showed yearly increase of 26.47 %, and experienced a 7904.76 % increase from the previous quarter. Earnings Per Share (EPS) rose by 56.95 % annually, however rose by 9890.48 % compared to the last quarter. In essence, while Freshtrop Fruits 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.