Share the post "ORCHASP ‘s Q1 Financial results: Revenue Grows by 14.98% YoY"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 14.98 % in the past year, decrease in net sales/revenue by -0.6 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -26.47 %, Marginal decrease of -96.5% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for ORCHASP LIMITED. Profit dropped by -9.88 % Year to Year, ORCHASP LIMITED’s profitability increased by 2750 % in this quarter.
- EPS over the Year and quarter: EPS declined by -95.00 % Year to Year.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 3.025 Cr | Rs. 3.499 Cr | Rs. 3.478 Cr | -0.6 % | + 14.98 % |
| Expenses | Rs. 2.58 Cr | Rs. 4.03 Cr | Rs. 3.07 Cr | -23.82 % | + 18.99 % |
| Operating Profit | Rs. 0.45 Cr | Rs. -0.53 Cr | Rs. 0.41 Cr | + 177.36 % | -8.89 % |
| OPM % | 14.88 % | -15.15 % | 11.79 % | + 26.94 % | -3.09 % |
| Other Income | Rs. 0.034 Cr | Rs. 0.715 Cr | Rs. 0.025 Cr | -96.5 % | -26.47 % |
| Interest | Rs. 0.18 Cr | Rs. 0.16 Cr | Rs. 0.15 Cr | -6.25 % | -16.67 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.01 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. 0.29 Cr | Rs. 0.02 Cr | Rs. 0.28 Cr | + 1300 % | -3.45 % |
| Tax % | 13.95 % | 41.67 % | 16.73 % | -24.94 % | + 2.78 % |
| Net Profit | Rs. 0.25 Cr | Rs. 0.01 Cr | Rs. 0.23 Cr | + 2200 % | -8 % |
| EPS in Rs | Rs. 0.02 | Rs. 0 | Rs. 0.01 | 0 % | -50 % |
Today, we’re looking at ORCHASP 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 14.98 %. However, it did see a marginal slip of -0.6 % from the previous quarter. Expenses decreased slightly by -23.82 % quarter-on-quarter, aligning with the annual rise of 18.99 %. Operating profit, while down -8.89 % compared to last year, faced a quarter-on-quarter increase of 177.36 %, 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 -3.09 %, but an expansion of 26.94 % sequentially. Other income fell by -96.5 % compared to the last quarter, despite an annual decline of -26.47 %. Interest expenses dropped significantly by -6.25 % from the previous quarter, yet the year-over-year decrease remains at a moderate -16.67 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -3.45 % but saw an increase from the preceding quarter by 1300 %.
Tax expenses as a percentage of profits increased slightly by 2.78 % compared to last year, with a more notable quarter-on-quarter decrease of -24.94 %. Net profit fell by -8 % year-on-year but experienced a 2200 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -50 % In summary, ORCHASP 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. 3.025 Cr | Rs. 3.499 Cr | Rs. 3.478 Cr | -0.6 % | + 14.98 % |
| Expenses | Rs. 2.58 Cr | Rs. 4.03 Cr | Rs. 3.07 Cr | -23.82 % | + 18.99 % |
| Operating Profit | Rs. 0.45 Cr | Rs. -0.53 Cr | Rs. 0.41 Cr | + 177.36 % | -8.89 % |
| Net Profit | Rs. 0.25 Cr | Rs. 0.01 Cr | Rs. 0.23 Cr | + 2200 % | -8 % |
| EPS in Rs | Rs. 0.02 | Rs. 0 | Rs. 0.01 | 0 % | -50 % |
In reviewing ORCHASP LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 14.98 % year-on-year growth, although there was a slight dip of -0.6 % from the previous quarter. Expenses rose by 18.99 % compared to the previous year, with a decrease of -23.82 % quarter-on-quarter. Operating Profit dropped by -8.89 % annually, and saw a 177.36 % increase from the last quarter.
Net Profit showed yearly decrease of -8 %, and experienced a 2200 % increase from the previous quarter. Earnings Per Share (EPS) fell by -50 % annually, In essence, while ORCHASP 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.
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