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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 7,821.03% in the past year Decrease in net sales/revenue by -14.55%
- 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 220%Marginal decrease of -23.81% in other income during this quarter
- Profit over the Year and quarter: Challenges in sustaining profitability for Justride Enterprises Limited. Profit dropped by -98.60% Year to YearJustride Enterprises Limited’s profitability dropped by -99.12% Quarter to Quarter.
- EPS over the Year and quarter:
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.195 Cr | Rs. 18.076 Cr | Rs. 15.446 Cr | -14.55% | + 7821.03% |
| Expenses | Rs. 0.07 Cr | Rs. 18.19 Cr | Rs. 15.33 Cr | -15.72% | + 21800% |
| Operating Profit | Rs. 0.13 Cr | Rs. -0.11 Cr | Rs. 0.12 Cr | + 209.09% | -7.69% |
| OPM % | 66.67 % | -0.61 % | 0.78 % | + 1.39% | -65.89% |
| Other Income | Rs. 0.05 Cr | Rs. 0.21 Cr | Rs. 0.16 Cr | -23.81% | + 220% |
| Interest | Rs. 0.03 Cr | Rs. 0 Cr | Rs. 0.02 Cr | 0% | -33.33% |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0.04 Cr | 0% | 0% |
| Profit before tax | Rs. 0.15 Cr | Rs. 0.1 Cr | Rs. 0.22 Cr | + 120% | + 46.67% |
| Tax % | 0 % | 132.99 % | 98.62 % | -34.37% | 0% |
| Net Profit | Rs. 0.14 Cr | Rs. 0.23 Cr | Rs. 0 Cr | 0% | 0% |
| EPS in Rs | Rs. 0.97 | Rs. 0.01 | Rs. | 0% | 0% |
Today, we’re looking at Justride Enterprises Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 7821.03%. However, it did see a marginal slip of -14.55% from the previous quarter.Expenses decreased slightly by -15.72% quarter-on-quarter, aligning with the annual rise of 21800%. Operating profit, while down -7.69% compared to last year,faced a quarter-on-quarter increase of 209.09%, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -65.89%, but an expansion of 1.39% sequentially. Other income fell by -23.81% compared to the last quarter, despite an annual growth of 220%. yet the year-over-year decrease remains at a moderate -33.33%. Profit before tax grew annually by 46.67% but saw an increase from the preceding quarter by 120%.
with a more notable quarter-on-quarter decrease of -34.37%. In summary, Justride Enterprises 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. 0.195 Cr | Rs. 18.076 Cr | Rs. 15.446 Cr | -14.55% | + 7821.03% |
| Expenses | Rs. 0.07 Cr | Rs. 18.19 Cr | Rs. 15.33 Cr | -15.72% | + 21800% |
| Operating Profit | Rs. 0.13 Cr | Rs. -0.11 Cr | Rs. 0.12 Cr | + 209.09% | -7.69% |
| Net Profit | Rs. 0.14 Cr | Rs. 0.23 Cr | Rs. 0 Cr | 0% | 0% |
| EPS in Rs | Rs. 0.97 | Rs. 0.01 | Rs. | 0% | 0% |
In reviewing Justride Enterprises Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.62% year-on-year growth, although there was a slight dip of -14.55% from the previous quarter.Expenses rose by 21800% compared to the previous year, with a decrease of -15.72% quarter-on-quarter. Operating Profit dropped by -7.69% annually, and saw a 209.09% increase from the last quarter.
In essence, while Justride Enterprises Limited faces strong annual decline 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.
