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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Profit over the Year and quarter: Challenges in sustaining profitability for Innocorp Limited. Profit dropped by -41.9 % Year to Year, Innocorp Limited’s profitability increased by 69.44 % in this quarter.
- EPS over the Year and quarter: EPS declined by -38.46 % Year to Year. EPS increased by 60 % 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. 0.09 Cr | Rs. 0.05 Cr | Rs. 0.05 Cr | + 0 % | -44.44 % |
| Operating Profit | Rs. -0.09 Cr | Rs. -0.05 Cr | Rs. -0.05 Cr | + 0 % | + 44.44 % |
| OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Other Income | Rs. 0 Cr | Rs. 0.012 Cr | Rs. 0 Cr | 0 % | 0 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.01 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. -0.1 Cr | Rs. -0.05 Cr | Rs. -0.06 Cr | -20 % | + 40 % |
| Tax % | -0 % | -12.2 % | -1.61 % | + 10.59 % | -1.61 % |
| Net Profit | Rs. -0.11 Cr | Rs. -0.04 Cr | Rs. -0.06 Cr | -50 % | + 45.45 % |
| EPS in Rs | Rs. -0.13 | Rs. -0.05 | Rs. -0.08 | -60 % | + 38.46 % |
Today, we’re looking at Innocorp Limited’s financial performance for the Q1(Jun 2024).Expenses ticked up slightly by 0 % quarter-on-quarter, aligning with the annual decline of -44.44 %. Operating profit, while up 44.44 % compared to last year, faced a quarter-on-quarter increase of 0 %, signaling a short-term expansion in margins.
Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 40 % but saw a reduction from the preceding quarter by -20 %.
Tax expenses as a percentage of profits decreased slightly by -1.61 % compared to last year, with a more notable quarter-on-quarter increase of 10.59 %. Net profit rose by 45.45 % year-on-year but witnessed a -50 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 38.46 % but a quarterly fall of -60 %. In summary, Innocorp 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 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.09 Cr | Rs. 0.05 Cr | Rs. 0.05 Cr | + 0 % | -44.44 % |
| Operating Profit | Rs. -0.09 Cr | Rs. -0.05 Cr | Rs. -0.05 Cr | + 0 % | + 44.44 % |
| Net Profit | Rs. -0.11 Cr | Rs. -0.04 Cr | Rs. -0.06 Cr | -50 % | + 45.45 % |
| EPS in Rs | Rs. -0.13 | Rs. -0.05 | Rs. -0.08 | -60 % | + 38.46 % |
In reviewing Innocorp Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses decreased by -44.44 % compared to the previous year, with a 0 % increase quarter-on-quarter. Operating Profit surged by 44.44 % annually, and saw a 0 % increase from the last quarter.
Net Profit showed yearly increase of 45.45 %, and experienced a -50 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 38.46 % annually, however dipped by -60 % compared to the last quarter. In essence, while Innocorp 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.
