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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 22.81 % in the past year, substantial increase in net sales/revenue by 4.68 %.
- 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 9.06 %. Marginal increase in other income during this quarter, up by 3.78%.
- Profit over the Year and quarter: Significant improvement in profitability for FSN E Commerce Ventures Limited. Notable increase of 151.43 % in net profit Year to Year, FSN E Commerce Ventures Limited’s profitability increased by 50.37 % in this quarter.
- EPS over the Year and quarter: EPS increased by 50.00 % Year to Year. EPS increased by 50 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1421.824 Cr | Rs. 1667.98 Cr | Rs. 1746.11 Cr | + 4.68 % | + 22.81 % |
| Expenses | Rs. 1349.39 Cr | Rs. 1575.37 Cr | Rs. 1650.59 Cr | + 4.77 % | + 22.32 % |
| Operating Profit | Rs. 72.43 Cr | Rs. 92.61 Cr | Rs. 95.52 Cr | + 3.14 % | + 31.88 % |
| OPM % | 5.09 % | 5.55 % | 5.47 % | -0.08 % | + 0.38 % |
| Other Income | Rs. 6.721 Cr | Rs. 7.063 Cr | Rs. 7.33 Cr | + 3.78 % | + 9.06 % |
| Interest | Rs. 18.55 Cr | Rs. 21.13 Cr | Rs. 21.31 Cr | + 0.85 % | + 14.88 % |
| Depreciation | Rs. 51.92 Cr | Rs. 59.65 Cr | Rs. 60.06 Cr | + 0.69 % | + 15.68 % |
| Profit before tax | Rs. 8.68 Cr | Rs. 18.89 Cr | Rs. 21.48 Cr | + 13.71 % | + 147.47 % |
| Tax % | 33.57 % | 50.22 % | 35.51 % | -14.71 % | + 1.94 % |
| Net Profit | Rs. 5.43 Cr | Rs. 9.07 Cr | Rs. 13.64 Cr | + 50.39 % | + 151.2 % |
| EPS in Rs | Rs. 0.02 | Rs. 0.02 | Rs. 0.03 | + 50 % | + 50 % |
Today, we’re looking at FSN E Commerce Ventures Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 22.81 %. However, it did see a marginal increase of 4.68 % from the previous quarter. Expenses ticked up slightly by 4.77 % quarter-on-quarter, aligning with the annual rise of 22.32 %. Operating profit, while up 31.88 % compared to last year, faced a quarter-on-quarter increase of 3.14 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.38 %, but a shrinkage of -0.08 % sequentially. Other income rose by 3.78 % compared to the last quarter, despite an annual growth of 9.06 %. Interest expenses surged remarkably by 0.85 % from the previous quarter, yet the year-over-year increase remains at a moderate 14.88 %. Depreciation costs climbed by 0.69 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 15.68 %. Profit before tax grew annually by 147.47 % but saw an increase from the preceding quarter by 13.71 %.
Tax expenses as a percentage of profits increased slightly by 1.94 % compared to last year, with a more notable quarter-on-quarter decrease of -14.71 %. Net profit rose by 151.2 % year-on-year but experienced a 50.39 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 50 % but a quarterly rise of 50 %. In summary, FSN E Commerce Ventures Limited’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. 1421.824 Cr | Rs. 1667.98 Cr | Rs. 1746.11 Cr | + 4.68 % | + 22.81 % |
| Expenses | Rs. 1349.39 Cr | Rs. 1575.37 Cr | Rs. 1650.59 Cr | + 4.77 % | + 22.32 % |
| Operating Profit | Rs. 72.43 Cr | Rs. 92.61 Cr | Rs. 95.52 Cr | + 3.14 % | + 31.88 % |
| Net Profit | Rs. 5.43 Cr | Rs. 9.07 Cr | Rs. 13.64 Cr | + 50.39 % | + 151.2 % |
| EPS in Rs | Rs. 0.02 | Rs. 0.02 | Rs. 0.03 | + 50 % | + 50 % |
In reviewing FSN E Commerce Ventures Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 22.81 % year-on-year growth, however, there was a minor increase of 4.68 % from the previous quarter. Expenses rose by 22.32 % compared to the previous year, with a 4.77 % increase quarter-on-quarter. Operating Profit surged by 31.88 % annually, and saw a 3.14 % increase from the last quarter.
Net Profit showed yearly increase of 151.2 %, and experienced a 50.39 % increase from the previous quarter. Earnings Per Share (EPS) rose by 50 % annually, however rose by 50 % compared to the last quarter. In essence, while FSN E Commerce Ventures Limited 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.
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