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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 204.96 % in the past year, decrease in net sales/revenue by -1354.08 %.
- Income over the Year and quarter: Marginal increase in other income during this quarter, up by 162.09%.
- Profit over the Year and quarter: Challenges in sustaining profitability for JMD Ventures Limited. Profit dropped by -39.3 % Year to Year, JMD Ventures Limited’s profitability dropped by -161.55 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -39.39 % Year to Year. EPS decreased by -162.5 % 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. 0.403 Cr | Rs. -0.098 Cr | Rs. 1.229 Cr | + 1354.08 % | + 204.96 % |
| Expenses | Rs. 0.84 Cr | Rs. 0.52 Cr | Rs. 0.72 Cr | + 38.46 % | -14.29 % |
| Operating Profit | Rs. -0.44 Cr | Rs. -0.62 Cr | Rs. 0.51 Cr | + 182.26 % | + 215.91 % |
| OPM % | -109.18 % | 632.65 % | 41.5 % | -591.15 % | + 150.68 % |
| Other Income | Rs. 0 Cr | Rs. -0.393 Cr | Rs. 0.244 Cr | + 162.09 % | 0 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.02 Cr | Rs. 0.01 Cr | -50 % | + 0 % |
| Profit before tax | Rs. -0.45 Cr | Rs. -1.03 Cr | Rs. 0.74 Cr | + 171.84 % | + 264.44 % |
| Tax % | 24.86 % | -9.96 % | 22.88 % | + 32.84 % | -1.98 % |
| Net Profit | Rs. 0.94 Cr | Rs. -0.93 Cr | Rs. 0.57 Cr | + 161.29 % | -39.36 % |
| EPS in Rs | Rs. 0.33 | Rs. -0.32 | Rs. 0.2 | + 162.5 % | -39.39 % |
Today, we’re looking at JMD Ventures 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 204.96 %. However, it did see a marginal increase of 1354.08 % from the previous quarter. Expenses ticked up slightly by 38.46 % quarter-on-quarter, aligning with the annual decline of -14.29 %. Operating profit, while up 215.91 % compared to last year, faced a quarter-on-quarter increase of 182.26 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 150.68 %, but a shrinkage of -591.15 % sequentially. Other income rose by 162.09 % compared to the last quarter, Depreciation costs fell by -50 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 264.44 % but saw an increase from the preceding quarter by 171.84 %.
Tax expenses as a percentage of profits decreased slightly by -1.98 % compared to last year, with a more notable quarter-on-quarter increase of 32.84 %. Net profit fell by -39.36 % year-on-year but experienced a 161.29 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -39.39 % but a quarterly rise of 162.5 %. In summary, JMD Ventures 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. 0.403 Cr | Rs. -0.098 Cr | Rs. 1.229 Cr | + 1354.08 % | + 204.96 % |
| Expenses | Rs. 0.84 Cr | Rs. 0.52 Cr | Rs. 0.72 Cr | + 38.46 % | -14.29 % |
| Operating Profit | Rs. -0.44 Cr | Rs. -0.62 Cr | Rs. 0.51 Cr | + 182.26 % | + 215.91 % |
| Net Profit | Rs. 0.94 Cr | Rs. -0.93 Cr | Rs. 0.57 Cr | + 161.29 % | -39.36 % |
| EPS in Rs | Rs. 0.33 | Rs. -0.32 | Rs. 0.2 | + 162.5 % | -39.39 % |
In reviewing JMD Ventures Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 204.96 % year-on-year growth, however, there was a minor increase of 1354.08 % from the previous quarter. Expenses decreased by -14.29 % compared to the previous year, with a 38.46 % increase quarter-on-quarter. Operating Profit surged by 215.91 % annually, and saw a 182.26 % increase from the last quarter.
Net Profit showed yearly decrease of -39.36 %, and experienced a 161.29 % increase from the previous quarter. Earnings Per Share (EPS) fell by -39.39 % annually, however rose by 162.5 % compared to the last quarter. In essence, while JMD Ventures Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
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