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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 32.97 % in the past year, decrease in net sales/revenue by -25.87 %.
- 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 28.91 %. Marginal increase in other income during this quarter, up by 1.72%.
- Profit over the Year and quarter: Significant improvement in profitability for Odyssey Technologies Ltd.. Notable increase of 582.17 % in net profit Year to Year, Odyssey Technologies Ltd.’s profitability dropped by -66.42 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 580.00 % Year to Year. EPS decreased by -66.17 % 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. 5.177 Cr | Rs. 9.286 Cr | Rs. 6.884 Cr | -25.87 % | + 32.97 % |
| Expenses | Rs. 4.86 Cr | Rs. 5 Cr | Rs. 5.55 Cr | + 11 % | + 14.2 % |
| Operating Profit | Rs. 0.32 Cr | Rs. 4.29 Cr | Rs. 1.33 Cr | -69 % | + 315.63 % |
| OPM % | 6.18 % | 46.2 % | 19.32 % | -26.88 % | + 13.14 % |
| Other Income | Rs. 0.46 Cr | Rs. 0.583 Cr | Rs. 0.593 Cr | + 1.72 % | + 28.91 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.57 Cr | Rs. 0.6 Cr | Rs. 0.49 Cr | -18.33 % | -14.04 % |
| Profit before tax | Rs. 0.21 Cr | Rs. 4.27 Cr | Rs. 1.43 Cr | -66.51 % | + 580.95 % |
| Tax % | 25.36 % | 25.32 % | 25.68 % | + 0.36 % | + 0.32 % |
| Net Profit | Rs. 0.16 Cr | Rs. 3.19 Cr | Rs. 1.07 Cr | -66.46 % | + 568.75 % |
| EPS in Rs | Rs. 0.09 | Rs. 1.99 | Rs. 0.67 | -66.33 % | + 644.44 % |
Today, we’re looking at Odyssey Technologies Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 32.97 %. However, it did see a marginal slip of -25.87 % from the previous quarter. Expenses ticked up slightly by 11 % quarter-on-quarter, aligning with the annual rise of 14.2 %. Operating profit, while up 315.63 % compared to last year, faced a quarter-on-quarter dip of -69 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 13.14 %, but a shrinkage of -26.88 % sequentially. Other income rose by 1.72 % compared to the last quarter, despite an annual growth of 28.91 %. Depreciation costs fell by -18.33 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -14.04 %. Profit before tax grew annually by 580.95 % but saw a reduction from the preceding quarter by -66.51 %.
Tax expenses as a percentage of profits increased slightly by 0.32 % compared to last year, with a more notable quarter-on-quarter increase of 0.36 %. Net profit rose by 568.75 % year-on-year but witnessed a -66.46 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 644.44 % but a quarterly fall of -66.33 %. In summary, Odyssey Technologies 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. 5.177 Cr | Rs. 9.286 Cr | Rs. 6.884 Cr | -25.87 % | + 32.97 % |
| Expenses | Rs. 4.86 Cr | Rs. 5 Cr | Rs. 5.55 Cr | + 11 % | + 14.2 % |
| Operating Profit | Rs. 0.32 Cr | Rs. 4.29 Cr | Rs. 1.33 Cr | -69 % | + 315.63 % |
| Net Profit | Rs. 0.16 Cr | Rs. 3.19 Cr | Rs. 1.07 Cr | -66.46 % | + 568.75 % |
| EPS in Rs | Rs. 0.09 | Rs. 1.99 | Rs. 0.67 | -66.33 % | + 644.44 % |
In reviewing Odyssey Technologies Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 32.97 % year-on-year growth, although there was a slight dip of -25.87 % from the previous quarter. Expenses rose by 14.2 % compared to the previous year, with a 11 % increase quarter-on-quarter. Operating Profit surged by 315.63 % annually, and saw a -69 % decrease from the last quarter.
Net Profit showed yearly increase of 568.75 %, and experienced a -66.46 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 644.44 % annually, however dipped by -66.33 % compared to the last quarter. In essence, while Odyssey Technologies 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.
