Share the post "Ontic Finserve announced Financial Results Q1 2024-25"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- 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 300 %. Marginal decrease of -81.61% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Ontic Finserve Limited. Notable increase of 954.55 % in net profit Year to Year, Ontic Finserve Limited’s profitability increased by 8.41 % in this quarter.
- EPS over the Year and quarter: EPS increased by -0 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.02 Cr | Rs. 0.19 Cr | Rs. 0.13 Cr | -31.58 % | + 550 % |
| Operating Profit | Rs. -0.02 Cr | Rs. -0.19 Cr | Rs. -0.13 Cr | + 31.58 % | -550 % |
| OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Other Income | Rs. 0.004 Cr | Rs. 0.087 Cr | Rs. 0.016 Cr | -81.61 % | + 300 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. -0.02 Cr | Rs. -0.1 Cr | Rs. -0.11 Cr | -10 % | -450 % |
| Tax % | -0 % | -0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -0.01 Cr | Rs. -0.11 Cr | Rs. -0.12 Cr | -9.09 % | -1100 % |
| EPS in Rs | Rs. 0 | Rs. -0.01 | Rs. -0.01 | + 0 % | 0 % |
Today, we’re looking at Ontic Finserve Limited’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -31.58 % quarter-on-quarter, aligning with the annual rise of 550 %. Operating profit, while down -550 % compared to last year, faced a quarter-on-quarter increase of 31.58 %, signaling a short-term expansion in margins.
Other income fell by -81.61 % compared to the last quarter, despite an annual growth of 300 %. Profit before tax declined annually by -450 % but saw a reduction from the preceding quarter by -10 %.
Net profit fell by -1100 % year-on-year but witnessed a -9.09 % contraction from the last quarter. but a quarterly rise of 0 %. In summary, Ontic Finserve 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 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.02 Cr | Rs. 0.19 Cr | Rs. 0.13 Cr | -31.58 % | + 550 % |
| Operating Profit | Rs. -0.02 Cr | Rs. -0.19 Cr | Rs. -0.13 Cr | + 31.58 % | -550 % |
| Net Profit | Rs. -0.01 Cr | Rs. -0.11 Cr | Rs. -0.12 Cr | -9.09 % | -1100 % |
| EPS in Rs | Rs. 0 | Rs. -0.01 | Rs. -0.01 | + 0 % | 0 % |
In reviewing Ontic Finserve Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 550 % compared to the previous year, with a decrease of -31.58 % quarter-on-quarter. Operating Profit dropped by -550 % annually, and saw a 31.58 % increase from the last quarter.
Net Profit showed yearly decrease of -1100 %, and experienced a -9.09 % decrease from the previous quarter. however rose by 0 % compared to the last quarter. In essence, while Ontic Finserve Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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