Share the post "Innovassynth Investments ‘s Q1 Results: Profit Drops by 15.58% YoY"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Profit over the Year and quarter: Significant improvement in profitability for Innovassynth Investments Limited. Notable increase of 15.75 % in net profit Year to Year, Innovassynth Investments Limited’s profitability dropped by -163 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 15.79 % Year to Year. EPS decreased by -163.19 % 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 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 4.98 Cr | Rs. 0.09 Cr | Rs. 5.78 Cr | + 6322.22 % | + 16.06 % |
| Operating Profit | Rs. -4.98 Cr | Rs. -0.09 Cr | Rs. -5.78 Cr | -6322.22 % | -16.06 % |
| OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Other Income | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Interest | Rs. 0.08 Cr | Rs. 0.12 Cr | Rs. 0.09 Cr | -25 % | + 12.5 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. -5.06 Cr | Rs. -0.21 Cr | Rs. -5.87 Cr | -2695.24 % | -16.01 % |
| Tax % | -0 % | -0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -5.07 Cr | Rs. 9.31 Cr | Rs. -5.86 Cr | -162.94 % | -15.58 % |
| EPS in Rs | Rs. -2.09 | Rs. 3.83 | Rs. -2.42 | -163.19 % | -15.79 % |
Today, we’re looking at Innovassynth Investments Limited’s financial performance for the Q1(Jun 2024).Expenses ticked up slightly by 6322.22 % quarter-on-quarter, aligning with the annual rise of 16.06 %. Operating profit, while down -16.06 % compared to last year, faced a quarter-on-quarter dip of -6322.22 %, signaling a short-term contraction in margins.
Interest expenses dropped significantly by -25 % from the previous quarter, yet the year-over-year increase remains at a moderate 12.5 %. Profit before tax declined annually by -16.01 % but saw a reduction from the preceding quarter by -2695.24 %.
Net profit fell by -15.58 % year-on-year but witnessed a -162.94 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -15.79 % but a quarterly fall of -163.19 %. In summary, Innovassynth Investments 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. 4.98 Cr | Rs. 0.09 Cr | Rs. 5.78 Cr | + 6322.22 % | + 16.06 % |
| Operating Profit | Rs. -4.98 Cr | Rs. -0.09 Cr | Rs. -5.78 Cr | -6322.22 % | -16.06 % |
| Net Profit | Rs. -5.07 Cr | Rs. 9.31 Cr | Rs. -5.86 Cr | -162.94 % | -15.58 % |
| EPS in Rs | Rs. -2.09 | Rs. 3.83 | Rs. -2.42 | -163.19 % | -15.79 % |
In reviewing Innovassynth Investments Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 16.06 % compared to the previous year, with a 6322.22 % increase quarter-on-quarter. Operating Profit dropped by -16.06 % annually, and saw a -6322.22 % decrease from the last quarter.
Net Profit showed yearly decrease of -15.58 %, and experienced a -162.94 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -15.79 % annually, however dipped by -163.19 % compared to the last quarter. In essence, while Innovassynth Investments 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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