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IndoStar Capital Finance : Q1 2024 Financial Quarterly Report : YoY Sales Up 26.1 %, QoQ Down 22.14 %

July 31, 2024July 31, 2024| adminadmin| 0 Comments| 7:35 pm
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Highlights

  • The presented financial data is Standalone to provide a comprehensive overview of the company performance.
  • Sales over the Year and quarter: The company experienced a substantial growth of 26.1 % in the past year, decrease in net sales/revenue by -22.14 %.
  • 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 6340 %. Marginal increase in other income during this quarter, up by 21.97%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for IndoStar Capital Finance Limited. Profit dropped by -65.09 % Year to Year, IndoStar Capital Finance Limited’s profitability dropped by -44.86 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS declined by -65.20 % Year to Year. EPS decreased by -45.14 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of IndoStar Capital Finance 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.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 241.21 Cr Rs. 390.67 Cr Rs. 304.16 Cr -22.14 % + 26.1 %
Expenses Rs. 70.61 Cr Rs. 207.06 Cr Rs. 125.29 Cr -39.49 % + 77.44 %
Operating Profit Rs. 170.6 Cr Rs. 183.61 Cr Rs. 178.87 Cr -2.58 % + 4.85 %
OPM % 70.73 % 47 % 58.81 % + 11.81 % -11.92 %
Other Income Rs. 0.1 Cr Rs. 5.28 Cr Rs. 6.44 Cr + 21.97 % + 6340 %
Interest Rs. 133.13 Cr Rs. 161.94 Cr Rs. 166.78 Cr + 2.99 % + 25.28 %
Depreciation Rs. 6.66 Cr Rs. 7.38 Cr Rs. 7.74 Cr + 4.88 % + 16.22 %
Profit before tax Rs. 30.91 Cr Rs. 19.57 Cr Rs. 10.79 Cr -44.86 % -65.09 %
Tax % 0 % 0 % 0 % 0 % 0 %
Net Profit Rs. 30.91 Cr Rs. 19.57 Cr Rs. 10.79 Cr -44.86 % -65.09 %
EPS in Rs Rs. 2.27 Rs. 1.44 Rs. 0.79 -45.14 % -65.2 %


Today, we’re looking at IndoStar Capital Finance 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 26.1 %. However, it did see a marginal slip of -22.14 % from the previous quarter. Expenses decreased slightly by -39.49 % quarter-on-quarter, aligning with the annual rise of 77.44 %. Operating profit, while up 4.85 % compared to last year, faced a quarter-on-quarter dip of -2.58 %, 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 -11.92 %, but an expansion of 11.81 % sequentially. Other income rose by 21.97 % compared to the last quarter, despite an annual growth of 6340 %. Interest expenses surged remarkably by 2.99 % from the previous quarter, yet the year-over-year increase remains at a moderate 25.28 %. Depreciation costs climbed by 4.88 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 16.22 %. Profit before tax declined annually by -65.09 % but saw a reduction from the preceding quarter by -44.86 %.
Net profit fell by -65.09 % year-on-year but witnessed a -44.86 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -65.2 % but a quarterly fall of -45.14 %. In summary, IndoStar Capital Finance 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. 241.21 Cr Rs. 390.67 Cr Rs. 304.16 Cr -22.14 % + 26.1 %
Expenses Rs. 70.61 Cr Rs. 207.06 Cr Rs. 125.29 Cr -39.49 % + 77.44 %
Operating Profit Rs. 170.6 Cr Rs. 183.61 Cr Rs. 178.87 Cr -2.58 % + 4.85 %
Net Profit Rs. 30.91 Cr Rs. 19.57 Cr Rs. 10.79 Cr -44.86 % -65.09 %
EPS in Rs Rs. 2.27 Rs. 1.44 Rs. 0.79 -45.14 % -65.2 %


In reviewing IndoStar Capital Finance Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 26.1 % year-on-year growth, although there was a slight dip of -22.14 % from the previous quarter. Expenses rose by 77.44 % compared to the previous year, with a decrease of -39.49 % quarter-on-quarter. Operating Profit surged by 4.85 % annually, and saw a -2.58 % decrease from the last quarter.
Net Profit showed yearly decrease of -65.09 %, and experienced a -44.86 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -65.2 % annually, however dipped by -45.14 % compared to the last quarter. In essence, while IndoStar Capital Finance 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.

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