Share the post "IITL PROJECTS announces Q1 results: Profit Rises by 33.96% 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 experienced a substantial growth of 18.31 % in the past year, decrease in net sales/revenue by -38.01 %.
- 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 1130.95 %. Marginal decrease of -88.61% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for IITL PROJECTS LIMITED. Profit dropped by -33.94 % Year to Year, IITL PROJECTS LIMITED’s profitability dropped by -121.22 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -33.96 % Year to Year. EPS decreased by -121.23 % 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. 0.426 Cr | Rs. 0.813 Cr | Rs. 0.504 Cr | -38.01 % | + 18.31 % |
| Expenses | Rs. 0.6 Cr | Rs. -1.03 Cr | Rs. 0.48 Cr | + 146.6 % | -20 % |
| Operating Profit | Rs. -0.17 Cr | Rs. 1.84 Cr | Rs. 0.02 Cr | -98.91 % | + 111.76 % |
| OPM % | -39.91 % | 226.32 % | 3.97 % | -222.35 % | + 43.88 % |
| Other Income | Rs. 0.042 Cr | Rs. 4.54 Cr | Rs. 0.517 Cr | -88.61 % | + 1130.95 % |
| Interest | Rs. 1.45 Cr | Rs. 1.45 Cr | Rs. 1.59 Cr | + 9.66 % | + 9.66 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. -1.58 Cr | Rs. 4.93 Cr | Rs. -1.05 Cr | -121.3 % | + 33.54 % |
| Tax % | -0 % | 0 % | -0.1 % | -0.1 % | -0.1 % |
| Net Profit | Rs. -1.59 Cr | Rs. 4.93 Cr | Rs. -1.05 Cr | -121.3 % | + 33.96 % |
| EPS in Rs | Rs. -3.18 | Rs. 9.89 | Rs. -2.1 | -121.23 % | + 33.96 % |
Today, we’re looking at IITL PROJECTS 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 18.31 %. However, it did see a marginal slip of -38.01 % from the previous quarter. Expenses ticked up slightly by 146.6 % quarter-on-quarter, aligning with the annual decline of -20 %. Operating profit, while up 111.76 % compared to last year, faced a quarter-on-quarter dip of -98.91 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 43.88 %, but a shrinkage of -222.35 % sequentially. Other income fell by -88.61 % compared to the last quarter, despite an annual growth of 1130.95 %. Interest expenses surged remarkably by 9.66 % from the previous quarter, yet the year-over-year increase remains at a moderate 9.66 %. Profit before tax grew annually by 33.54 % but saw a reduction from the preceding quarter by -121.3 %.
Tax expenses as a percentage of profits decreased slightly by -0.1 % compared to last year, with a more notable quarter-on-quarter decrease of -0.1 %. Net profit rose by 33.96 % year-on-year but witnessed a -121.3 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 33.96 % but a quarterly fall of -121.23 %. In summary, IITL PROJECTS 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. 0.426 Cr | Rs. 0.813 Cr | Rs. 0.504 Cr | -38.01 % | + 18.31 % |
| Expenses | Rs. 0.6 Cr | Rs. -1.03 Cr | Rs. 0.48 Cr | + 146.6 % | -20 % |
| Operating Profit | Rs. -0.17 Cr | Rs. 1.84 Cr | Rs. 0.02 Cr | -98.91 % | + 111.76 % |
| Net Profit | Rs. -1.59 Cr | Rs. 4.93 Cr | Rs. -1.05 Cr | -121.3 % | + 33.96 % |
| EPS in Rs | Rs. -3.18 | Rs. 9.89 | Rs. -2.1 | -121.23 % | + 33.96 % |
In reviewing IITL PROJECTS LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 18.31 % year-on-year growth, although there was a slight dip of -38.01 % from the previous quarter. Expenses decreased by -20 % compared to the previous year, with a 146.6 % increase quarter-on-quarter. Operating Profit surged by 111.76 % annually, and saw a -98.91 % decrease from the last quarter.
Net Profit showed yearly increase of 33.96 %, and experienced a -121.3 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 33.96 % annually, however dipped by -121.23 % compared to the last quarter. In essence, while IITL PROJECTS LIMITED exhibits strong annual growth 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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