Go Fashion (India) Limited’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales increased by 15.33 % in YoY and decreased by 10.09 % in QoQ

The comprehensive analytics outlining the performance and outlook of Go Fashion (India) Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Go Fashion (India) Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 15.33 %. However, it did see a marginal slip of -10.09 % from the previous quarter. Expenses decreased slightly by -5.03 % quarter-on-quarter, aligning with the annual rise of 18.47 %. Operating profit, while up 8.49 % compared to last year, faced a quarter-on-quarter dip of -20.17 %, 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 -1.87 %, but a shrinkage of -3.74 % sequentially. Other income rose by 32.54 % compared to the last quarter, despite an annual growth of 111.45 %. Interest expenses surged remarkably by 9.52 % from the previous quarter, yet the year-over-year increase remains at a moderate 36.42 %. Depreciation costs climbed by 6.3 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 24.97 %. Profit before tax declined annually by -10.74 % but saw a reduction from the preceding quarter by -46.7 %.
Tax expenses as a percentage of profits increased slightly by 0.89 % compared to last year, with a more notable quarter-on-quarter decrease of -3.32 %. Net profit fell by -11.71 % year-on-year but witnessed a -44.23 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -11.68 % but a quarterly fall of -44.11 %. In summary, Go Fashion (India) Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Go Fashion (India) Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 15.33 % year-on-year growth, although there was a slight dip of -10.09 % from the previous quarter. Expenses rose by 18.47 % compared to the previous year, with a decrease of -5.03 % quarter-on-quarter. Operating Profit surged by 8.49 % annually, and saw a -20.17 % decrease from the last quarter.
Net Profit showed yearly decrease of -11.71 %, and experienced a -44.23 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -11.68 % annually, however dipped by -44.11 % compared to the last quarter. In essence, while Go Fashion (India) Limited 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.