Share the post "Gajanan Securities Services ‘s Q1 Report: Revenue Falls by 76.23% YoY"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -76.23 % over the year, substantial increase in net sales/revenue by 81.25 %.
- 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 477.78 %. Marginal decrease of -51.4% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Gajanan Securities Services Ltd.. Profit dropped by -92.14 % Year to Year, Gajanan Securities Services Ltd.’s profitability dropped by -98.41 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -93.33 % Year to Year. EPS decreased by -98.65 % 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. 0.122 Cr | Rs. 0.016 Cr | Rs. 0.029 Cr | + 81.25 % | -76.23 % |
Expenses | Rs. 0.02 Cr | Rs. 0.04 Cr | Rs. 0.06 Cr | + 50 % | + 200 % |
Operating Profit | Rs. 0.1 Cr | Rs. -0.02 Cr | Rs. -0.03 Cr | -50 % | -130 % |
OPM % | 81.97 % | -125 % | -103.45 % | + 21.55 % | -185.42 % |
Other Income | Rs. 0.009 Cr | Rs. 0.107 Cr | Rs. 0.052 Cr | -51.4 % | + 477.78 % |
Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Profit before tax | Rs. 0.11 Cr | Rs. 0.09 Cr | Rs. 0.02 Cr | -77.78 % | -81.82 % |
Tax % | 27.83 % | 29.41 % | 44.44 % | + 15.03 % | + 16.61 % |
Net Profit | Rs. 0.14 Cr | Rs. 0.69 Cr | Rs. 0.01 Cr | -98.55 % | -92.86 % |
EPS in Rs | Rs. 0.45 | Rs. 2.23 | Rs. 0.03 | -98.65 % | -93.33 % |
Today, we’re looking at Gajanan Securities Services 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 -76.23 %. However, it did see a marginal increase of 81.25 % from the previous quarter. Expenses ticked up slightly by 50 % quarter-on-quarter, aligning with the annual rise of 200 %. Operating profit, while down -130 % compared to last year, faced a quarter-on-quarter dip of -50 %, 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 -185.42 %, but an expansion of 21.55 % sequentially. Other income fell by -51.4 % compared to the last quarter, despite an annual growth of 477.78 %. Profit before tax declined annually by -81.82 % but saw a reduction from the preceding quarter by -77.78 %.
Tax expenses as a percentage of profits increased slightly by 16.61 % compared to last year, with a more notable quarter-on-quarter increase of 15.03 %. Net profit fell by -92.86 % year-on-year but witnessed a -98.55 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -93.33 % but a quarterly fall of -98.65 %. In summary, Gajanan Securities Services 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. 0.122 Cr | Rs. 0.016 Cr | Rs. 0.029 Cr | + 81.25 % | -76.23 % |
Expenses | Rs. 0.02 Cr | Rs. 0.04 Cr | Rs. 0.06 Cr | + 50 % | + 200 % |
Operating Profit | Rs. 0.1 Cr | Rs. -0.02 Cr | Rs. -0.03 Cr | -50 % | -130 % |
Net Profit | Rs. 0.14 Cr | Rs. 0.69 Cr | Rs. 0.01 Cr | -98.55 % | -92.86 % |
EPS in Rs | Rs. 0.45 | Rs. 2.23 | Rs. 0.03 | -98.65 % | -93.33 % |
In reviewing Gajanan Securities Services Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -76.23 % year-on-year, however, there was a minor increase of 81.25 % from the previous quarter. Expenses rose by 200 % compared to the previous year, with a 50 % increase quarter-on-quarter. Operating Profit dropped by -130 % annually, and saw a -50 % decrease from the last quarter.
Net Profit showed yearly decrease of -92.86 %, and experienced a -98.55 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -93.33 % annually, however dipped by -98.65 % compared to the last quarter. In essence, while Gajanan Securities Services 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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