Highlights
- Sales over the Year and quarter: The company’s sales declined by -94.59 % over the year, decrease in net sales/revenue by -50.35 %.
- 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 0 %. Marginal increase in other income during this quarter, up by 0%.
- Profit over the Year and quarter: Significant improvement in profitability for Gravity (India) Ltd.. Notable increase of 480.25 % in net profit Year to Year, Gravity (India) Ltd.’s profitability increased by 91.14 % in this quarter.
- EPS over the Year and quarter: EPS increased by 483.10 % Year to Year. EPS decreased by -4.61 % 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. 3.953 Cr | Rs. 0.431 Cr | Rs. 0.214 Cr | -50.35 % | -94.59 % |
| Expenses | Rs. 4.32 Cr | Rs. 2.28 Cr | Rs. 5.84 Cr | + 156.14 % | + 35.19 % |
| Operating Profit | Rs. -0.37 Cr | Rs. -1.85 Cr | Rs. -5.63 Cr | -204.32 % | -1421.62 % |
| OPM % | -9.36 % | -429.23 % | -2630.84 % | -2201.61 % | -2621.48 % |
| Other Income | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.01 Cr | + 0 % | + 0 % |
| Interest | Rs. 0.06 Cr | Rs. 0.05 Cr | Rs. 0.04 Cr | -20 % | -33.33 % |
| Depreciation | Rs. 0.05 Cr | Rs. 0.06 Cr | Rs. 0.07 Cr | + 16.67 % | + 40 % |
| Profit before tax | Rs. -0.47 Cr | Rs. -1.95 Cr | Rs. -5.73 Cr | -193.85 % | -1119.15 % |
| Tax % | -35.94 % | -0 % | -34.9 % | -34.9 % | + 1.04 % |
| Net Profit | Rs. -0.64 Cr | Rs. -1.95 Cr | Rs. -3.73 Cr | -91.28 % | -482.81 % |
| EPS in Rs | Rs. -0.71 | Rs. -4.34 | Rs. -4.14 | + 4.61 % | -483.1 % |
Today, we’re looking at Gravity (India) Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -94.59 %. However, it did see a marginal slip of -50.35 % from the previous quarter. Expenses ticked up slightly by 156.14 % quarter-on-quarter, aligning with the annual rise of 35.19 %. Operating profit, while down -1421.62 % compared to last year, faced a quarter-on-quarter dip of -204.32 %, 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 -2621.48 %, but a shrinkage of -2201.61 % sequentially. Other income rose by 0 % compared to the last quarter, despite an annual growth of 0 %. Interest expenses dropped significantly by -20 % from the previous quarter, yet the year-over-year decrease remains at a moderate -33.33 %. Depreciation costs climbed by 16.67 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 40 %. Profit before tax declined annually by -1119.15 % but saw a reduction from the preceding quarter by -193.85 %.
Tax expenses as a percentage of profits increased slightly by 1.04 % compared to last year, with a more notable quarter-on-quarter decrease of -34.9 %. Net profit fell by -482.81 % year-on-year but witnessed a -91.28 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -483.1 % but a quarterly rise of 4.61 %. In summary, Gravity (India) 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. 3.953 Cr | Rs. 0.431 Cr | Rs. 0.214 Cr | -50.35 % | -94.59 % |
| Expenses | Rs. 4.32 Cr | Rs. 2.28 Cr | Rs. 5.84 Cr | + 156.14 % | + 35.19 % |
| Operating Profit | Rs. -0.37 Cr | Rs. -1.85 Cr | Rs. -5.63 Cr | -204.32 % | -1421.62 % |
| Net Profit | Rs. -0.64 Cr | Rs. -1.95 Cr | Rs. -3.73 Cr | -91.28 % | -482.81 % |
| EPS in Rs | Rs. -0.71 | Rs. -4.34 | Rs. -4.14 | + 4.61 % | -483.1 % |
In reviewing Gravity (India) Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -94.59 % year-on-year, although there was a slight dip of -50.35 % from the previous quarter. Expenses rose by 35.19 % compared to the previous year, with a 156.14 % increase quarter-on-quarter. Operating Profit dropped by -1421.62 % annually, and saw a -204.32 % decrease from the last quarter.
Net Profit showed yearly decrease of -482.81 %, and experienced a -91.28 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -483.1 % annually, however rose by 4.61 % compared to the last quarter. In essence, while Gravity (India) 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.
