Highlights
- Sales over the Year and quarter: The company’s sales declined by -37.04 % over the year, substantial increase in net sales/revenue by 50.95 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -5.68 %, Marginal decrease of -21.7% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Odyssey Corporation Ltd.. Profit dropped by -30.23 % Year to Year, Odyssey Corporation Ltd.’s profitability dropped by -341.04 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -29.79 % Year to Year. EPS decreased by -335.71 % 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. 13.184 Cr | Rs. 5.499 Cr | Rs. 8.301 Cr | + 50.95 % | -37.04 % |
| Expenses | Rs. 15.83 Cr | Rs. 5.97 Cr | Rs. 10.23 Cr | + 71.36 % | -35.38 % |
| Operating Profit | Rs. -2.65 Cr | Rs. -0.47 Cr | Rs. -1.93 Cr | -310.64 % | + 27.17 % |
| OPM % | -20.1 % | -8.55 % | -23.25 % | -14.7 % | -3.15 % |
| Other Income | Rs. 0.88 Cr | Rs. 1.06 Cr | Rs. 0.83 Cr | -21.7 % | -5.68 % |
| Interest | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.08 Cr | + 700 % | + 700 % |
| Depreciation | Rs. 0.05 Cr | Rs. 0.05 Cr | Rs. 0.07 Cr | + 40 % | + 40 % |
| Profit before tax | Rs. -1.83 Cr | Rs. 0.53 Cr | Rs. -1.25 Cr | -335.85 % | + 31.69 % |
| Tax % | -2.3 % | 0.37 % | -4.09 % | -4.46 % | -1.79 % |
| Net Profit | Rs. -1.87 Cr | Rs. 0.54 Cr | Rs. -1.3 Cr | -340.74 % | + 30.48 % |
| EPS in Rs | Rs. -0.47 | Rs. 0.14 | Rs. -0.33 | -335.71 % | + 29.79 % |
Today, we’re looking at Odyssey Corporation Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -37.04 %. However, it did see a marginal increase of 50.95 % from the previous quarter. Expenses ticked up slightly by 71.36 % quarter-on-quarter, aligning with the annual decline of -35.38 %. Operating profit, while up 27.17 % compared to last year, faced a quarter-on-quarter dip of -310.64 %, 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 -3.15 %, but a shrinkage of -14.7 % sequentially. Other income fell by -21.7 % compared to the last quarter, despite an annual decline of -5.68 %. Interest expenses surged remarkably by 700 % from the previous quarter, yet the year-over-year increase remains at a moderate 700 %. Depreciation costs climbed by 40 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 40 %. Profit before tax grew annually by 31.69 % but saw a reduction from the preceding quarter by -335.85 %.
Tax expenses as a percentage of profits decreased slightly by -1.79 % compared to last year, with a more notable quarter-on-quarter decrease of -4.46 %. Net profit rose by 30.48 % year-on-year but witnessed a -340.74 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 29.79 % but a quarterly fall of -335.71 %. In summary, Odyssey Corporation Ltd.’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. 13.184 Cr | Rs. 5.499 Cr | Rs. 8.301 Cr | + 50.95 % | -37.04 % |
| Expenses | Rs. 15.83 Cr | Rs. 5.97 Cr | Rs. 10.23 Cr | + 71.36 % | -35.38 % |
| Operating Profit | Rs. -2.65 Cr | Rs. -0.47 Cr | Rs. -1.93 Cr | -310.64 % | + 27.17 % |
| Net Profit | Rs. -1.87 Cr | Rs. 0.54 Cr | Rs. -1.3 Cr | -340.74 % | + 30.48 % |
| EPS in Rs | Rs. -0.47 | Rs. 0.14 | Rs. -0.33 | -335.71 % | + 29.79 % |
In reviewing Odyssey Corporation Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -37.04 % year-on-year, however, there was a minor increase of 50.95 % from the previous quarter. Expenses decreased by -35.38 % compared to the previous year, with a 71.36 % increase quarter-on-quarter. Operating Profit surged by 27.17 % annually, and saw a -310.64 % decrease from the last quarter.
Net Profit showed yearly increase of 30.48 %, and experienced a -340.74 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 29.79 % annually, however dipped by -335.71 % compared to the last quarter. In essence, while Odyssey Corporation Ltd. exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
