Share the post "Lykis announced Financial Results Q1 2024-25"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -20.48 % over the year, decrease in net sales/revenue by -39.45 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -22.65 %, Marginal decrease of -42.19% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Lykis Limited. Profit dropped by -30.85 % Year to Year, Lykis Limited’s profitability dropped by -207.42 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -30.65 % Year to Year. EPS decreased by -207.5 % 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. 91.601 Cr | Rs. 120.288 Cr | Rs. 72.84 Cr | -39.45 % | -20.48 % |
| Expenses | Rs. 88.28 Cr | Rs. 120.5 Cr | Rs. 70.61 Cr | -41.4 % | -20.02 % |
| Operating Profit | Rs. 3.32 Cr | Rs. -0.21 Cr | Rs. 2.23 Cr | + 1161.9 % | -32.83 % |
| OPM % | 3.62 % | -0.17 % | 3.06 % | + 3.23 % | -0.56 % |
| Other Income | Rs. 0.967 Cr | Rs. 1.294 Cr | Rs. 0.748 Cr | -42.19 % | -22.65 % |
| Interest | Rs. 2.76 Cr | Rs. 1.54 Cr | Rs. 1.73 Cr | + 12.34 % | -37.32 % |
| Depreciation | Rs. 0.34 Cr | Rs. 0.37 Cr | Rs. 0.42 Cr | + 13.51 % | + 23.53 % |
| Profit before tax | Rs. 1.19 Cr | Rs. -0.83 Cr | Rs. 0.83 Cr | + 200 % | -30.25 % |
| Tax % | 0 % | -7.4 % | 0 % | + 7.4 % | 0 % |
| Net Profit | Rs. 1.19 Cr | Rs. -0.77 Cr | Rs. 0.83 Cr | + 207.79 % | -30.25 % |
| EPS in Rs | Rs. 0.62 | Rs. -0.4 | Rs. 0.43 | + 207.5 % | -30.65 % |
Today, we’re looking at Lykis Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -20.48 %. However, it did see a marginal slip of -39.45 % from the previous quarter. Expenses decreased slightly by -41.4 % quarter-on-quarter, aligning with the annual decline of -20.02 %. Operating profit, while down -32.83 % compared to last year, faced a quarter-on-quarter increase of 1161.9 %, 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 -0.56 %, but an expansion of 3.23 % sequentially. Other income fell by -42.19 % compared to the last quarter, despite an annual decline of -22.65 %. Interest expenses surged remarkably by 12.34 % from the previous quarter, yet the year-over-year decrease remains at a moderate -37.32 %. Depreciation costs climbed by 13.51 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 23.53 %. Profit before tax declined annually by -30.25 % but saw an increase from the preceding quarter by 200 %.
with a more notable quarter-on-quarter increase of 7.4 %. Net profit fell by -30.25 % year-on-year but experienced a 207.79 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -30.65 % but a quarterly rise of 207.5 %. In summary, Lykis 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. 91.601 Cr | Rs. 120.288 Cr | Rs. 72.84 Cr | -39.45 % | -20.48 % |
| Expenses | Rs. 88.28 Cr | Rs. 120.5 Cr | Rs. 70.61 Cr | -41.4 % | -20.02 % |
| Operating Profit | Rs. 3.32 Cr | Rs. -0.21 Cr | Rs. 2.23 Cr | + 1161.9 % | -32.83 % |
| Net Profit | Rs. 1.19 Cr | Rs. -0.77 Cr | Rs. 0.83 Cr | + 207.79 % | -30.25 % |
| EPS in Rs | Rs. 0.62 | Rs. -0.4 | Rs. 0.43 | + 207.5 % | -30.65 % |
In reviewing Lykis Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -20.48 % year-on-year, although there was a slight dip of -39.45 % from the previous quarter. Expenses decreased by -20.02 % compared to the previous year, with a decrease of -41.4 % quarter-on-quarter. Operating Profit dropped by -32.83 % annually, and saw a 1161.9 % increase from the last quarter.
Net Profit showed yearly decrease of -30.25 %, and experienced a 207.79 % increase from the previous quarter. Earnings Per Share (EPS) fell by -30.65 % annually, however rose by 207.5 % compared to the last quarter. In essence, while Lykis 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.
27
3-Year Profit
8
5-Year Profit
-1
10-Year Profit
51.5
Current Price
99.8
Market Cap
Upon examining the financial data for BSE code 530689, it becomes clear that the company achieved a notable five-year profit of 8 units, which impressively increased to 27 units in the three-year window. This upward trajectory, however, has been overshadowed by the latest trailing twelve-month (TTM) figures, which indicate a concerning loss of -87 units. This financial loss is further compounded by the fact that the company has not recorded any sales across any of the timeframes under consideration. Such an unusual situation might suggest that the company operates under an unconventional business model, which could potentially carry higher risks. In terms of stock performance, the company’s stock price has seen a decline, falling from 17 units over the five-year period to just -23 units in the last year. The ten-year average stock price, which sits at 3 units, highlights long-term volatility, casting doubt on the company's ability to sustain its market position over time. This warrants further investigation into the factors driving these fluctuations.
The company currently holds a market cap of ₹99.8 crore, with its stock trading at ₹51.5. Historically, the stock has fluctuated between ₹82.6 / 39.5, reflecting its performance in response to market dynamics and various economic factors. The company's Price-to-Earnings (P/E) ratio stands at 28.4, indicating that the stock is perceived as highly valued by the market, possibly driven by expectations of future earnings growth. The book value per share is ₹16.2, which offers insight into the company's intrinsic worth, while its dividend yield of 0.00% provides a steady return for long-term investors. Return on Capital Employed (ROCE) is 7.88%, showcasing the company’s ability to generate profits from its capital investments. Return on Equity (ROE) is 13.1%, highlighting how efficiently the company uses shareholder funds to generate profits. The debt-to-equity ratio is very low at 2.82, which is a positive indicator of financial stability. However, the company’s net cash flow of ₹2.86 crore raises concerns about its liquidity position. The Piotroski score of 6.00 reflects the company’s overall financial health, while the Graham Number of ₹25.7 suggests the stock's intrinsic value. Despite these factors, the Price-to-Book (P/B) ratio of 3.17 indicates that the stock is trading at a premium to its book value, which might imply market optimism about the company's future growth prospects.
