Share the post "Harmony Capital Services ‘s Q1 Report: Profit Decreases by 120% YoY"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Profit over the Year and quarter: Significant improvement in profitability for Harmony Capital Services Ltd.. Notable increase of 122 % in net profit Year to Year, Harmony Capital Services Ltd.’s profitability increased by 3600 % in this quarter.
- EPS over the Year and quarter: EPS increased by 131.25 % Year to Year. EPS increased by 3600 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.05 Cr | Rs. 0.03 Cr | Rs. 0.11 Cr | + 266.67 % | + 120 % |
| Operating Profit | Rs. -0.05 Cr | Rs. -0.03 Cr | Rs. -0.11 Cr | -266.67 % | -120 % |
| OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Other Income | Rs. 0 Cr | Rs. 0.006 Cr | Rs. 0 Cr | 0 % | 0 % |
| 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. -0.05 Cr | Rs. -0.02 Cr | Rs. -0.11 Cr | -450 % | -120 % |
| Tax % | -0 % | -89.29 % | -0 % | + 89.29 % | 0 % |
| Net Profit | Rs. -0.05 Cr | Rs. -0 Cr | Rs. -0.11 Cr | 0 % | -120 % |
| EPS in Rs | Rs. -0.16 | Rs. -0.01 | Rs. -0.37 | -3600 % | -131.25 % |
Today, we’re looking at Harmony Capital Services Ltd.’s financial performance for the Q1(Jun 2024).Expenses ticked up slightly by 266.67 % quarter-on-quarter, aligning with the annual rise of 120 %. Operating profit, while down -120 % compared to last year, faced a quarter-on-quarter dip of -266.67 %, signaling a short-term contraction in margins.
Profit before tax declined annually by -120 % but saw a reduction from the preceding quarter by -450 %.
with a more notable quarter-on-quarter increase of 89.29 %. Net profit fell by -120 % year-on-year And finally, Earnings Per Share (EPS) displayed an annual downturn of -131.25 % but a quarterly fall of -3600 %. In summary, Harmony Capital 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 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.05 Cr | Rs. 0.03 Cr | Rs. 0.11 Cr | + 266.67 % | + 120 % |
| Operating Profit | Rs. -0.05 Cr | Rs. -0.03 Cr | Rs. -0.11 Cr | -266.67 % | -120 % |
| Net Profit | Rs. -0.05 Cr | Rs. -0 Cr | Rs. -0.11 Cr | 0 % | -120 % |
| EPS in Rs | Rs. -0.16 | Rs. -0.01 | Rs. -0.37 | -3600 % | -131.25 % |
In reviewing Harmony Capital Services Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 120 % compared to the previous year, with a 266.67 % increase quarter-on-quarter. Operating Profit dropped by -120 % annually, and saw a -266.67 % decrease from the last quarter.
Net Profit showed yearly decrease of -120 %, Earnings Per Share (EPS) fell by -131.25 % annually, however dipped by -3600 % compared to the last quarter. In essence, while Harmony Capital 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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