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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 6.86 % in the past year, substantial increase in net sales/revenue by 52.29 %.
- 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 4225 %. Marginal increase in other income during this quarter, up by 534.31%.
- Profit over the Year and quarter: Significant improvement in profitability for Lorenzini Apparels Limited. Notable increase of 150.4 % in net profit Year to Year, Lorenzini Apparels Limited’s profitability increased by 489.84 % in this quarter.
- EPS over the Year and quarter: EPS declined by -83.56 % Year to Year. EPS increased by 500 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 14.203 Cr | Rs. 9.966 Cr | Rs. 15.177 Cr | + 52.29 % | + 6.86 % |
Expenses | Rs. 11.9 Cr | Rs. 7.98 Cr | Rs. 13.78 Cr | + 72.68 % | + 15.8 % |
Operating Profit | Rs. 2.3 Cr | Rs. 1.99 Cr | Rs. 1.4 Cr | -29.65 % | -39.13 % |
OPM % | 16.19 % | 19.97 % | 9.22 % | -10.75 % | -6.97 % |
Other Income | Rs. 0.048 Cr | Rs. -0.478 Cr | Rs. 2.076 Cr | + 534.31 % | + 4225 % |
Interest | Rs. 0.31 Cr | Rs. 0.41 Cr | Rs. 0.41 Cr | + 0 % | + 32.26 % |
Depreciation | Rs. 0.8 Cr | Rs. 0.84 Cr | Rs. 0.78 Cr | -7.14 % | -2.5 % |
Profit before tax | Rs. 1.24 Cr | Rs. 0.26 Cr | Rs. 2.29 Cr | + 780.77 % | + 84.68 % |
Tax % | 40.26 % | 21.15 % | 18.69 % | -2.46 % | -21.57 % |
Net Profit | Rs. 0.74 Cr | Rs. 0.32 Cr | Rs. 1.86 Cr | + 481.25 % | + 151.35 % |
EPS in Rs | Rs. 0.73 | Rs. 0.32 | Rs. 0.12 | -62.5 % | -83.56 % |
Today, we’re looking at Lorenzini Apparels 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 6.86 %. However, it did see a marginal increase of 52.29 % from the previous quarter. Expenses ticked up slightly by 72.68 % quarter-on-quarter, aligning with the annual rise of 15.8 %. Operating profit, while down -39.13 % compared to last year, faced a quarter-on-quarter dip of -29.65 %, 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 -6.97 %, but a shrinkage of -10.75 % sequentially. Other income rose by 534.31 % compared to the last quarter, despite an annual growth of 4225 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 32.26 %. Depreciation costs fell by -7.14 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -2.5 %. Profit before tax grew annually by 84.68 % but saw an increase from the preceding quarter by 780.77 %.
Tax expenses as a percentage of profits decreased slightly by -21.57 % compared to last year, with a more notable quarter-on-quarter decrease of -2.46 %. Net profit rose by 151.35 % year-on-year but experienced a 481.25 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -83.56 % but a quarterly fall of -62.5 %. In summary, Lorenzini Apparels 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. 14.203 Cr | Rs. 9.966 Cr | Rs. 15.177 Cr | + 52.29 % | + 6.86 % |
Expenses | Rs. 11.9 Cr | Rs. 7.98 Cr | Rs. 13.78 Cr | + 72.68 % | + 15.8 % |
Operating Profit | Rs. 2.3 Cr | Rs. 1.99 Cr | Rs. 1.4 Cr | -29.65 % | -39.13 % |
Net Profit | Rs. 0.74 Cr | Rs. 0.32 Cr | Rs. 1.86 Cr | + 481.25 % | + 151.35 % |
EPS in Rs | Rs. 0.73 | Rs. 0.32 | Rs. 0.12 | -62.5 % | -83.56 % |
In reviewing Lorenzini Apparels Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 6.86 % year-on-year growth, however, there was a minor increase of 52.29 % from the previous quarter. Expenses rose by 15.8 % compared to the previous year, with a 72.68 % increase quarter-on-quarter. Operating Profit dropped by -39.13 % annually, and saw a -29.65 % decrease from the last quarter.
Net Profit showed yearly increase of 151.35 %, and experienced a 481.25 % increase from the previous quarter. Earnings Per Share (EPS) fell by -83.56 % annually, however dipped by -62.5 % compared to the last quarter. In essence, while Lorenzini Apparels 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.