Share the post "PRISMX GLOBAL VENTURES ‘s Q1 Report: Revenue Rises by 322.39% 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 322.39 % in the past year, substantial increase in net sales/revenue by 4.83 %.
- 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 96.19 %. Marginal decrease of -37.4% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for PRISMX GLOBAL VENTURES LIMITED. Notable increase of 4.81 % in net profit Year to Year, PRISMX GLOBAL VENTURES LIMITED’s profitability dropped by -336.56 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 0.00 % Year to Year. EPS increased by 100 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1.161 Cr | Rs. 4.678 Cr | Rs. 4.904 Cr | + 4.83 % | + 322.39 % |
| Expenses | Rs. 0.31 Cr | Rs. 6.71 Cr | Rs. 4.4 Cr | -34.43 % | + 1319.35 % |
| Operating Profit | Rs. 0.85 Cr | Rs. -2.03 Cr | Rs. 0.5 Cr | + 124.63 % | -41.18 % |
| OPM % | 73.21 % | -43.39 % | 10.2 % | + 53.59 % | -63.01 % |
| Other Income | Rs. 0.499 Cr | Rs. 1.564 Cr | Rs. 0.979 Cr | -37.4 % | + 96.19 % |
| Interest | Rs. 0.03 Cr | Rs. 0.01 Cr | Rs. 0.08 Cr | + 700 % | + 166.67 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.01 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. 1.31 Cr | Rs. -0.49 Cr | Rs. 1.39 Cr | + 383.67 % | + 6.11 % |
| Tax % | 25.74 % | -14.17 % | 27.95 % | + 42.12 % | + 2.21 % |
| Net Profit | Rs. 0.96 Cr | Rs. -0.42 Cr | Rs. 1 Cr | + 338.1 % | + 4.17 % |
| EPS in Rs | Rs. 0.02 | Rs. -0.01 | Rs. 0.02 | + 300 % | + 0 % |
Today, we’re looking at PRISMX GLOBAL VENTURES 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 322.39 %. However, it did see a marginal increase of 4.83 % from the previous quarter. Expenses decreased slightly by -34.43 % quarter-on-quarter, aligning with the annual rise of 1319.35 %. Operating profit, while down -41.18 % compared to last year, faced a quarter-on-quarter increase of 124.63 %, 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 -63.01 %, but an expansion of 53.59 % sequentially. Other income fell by -37.4 % compared to the last quarter, despite an annual growth of 96.19 %. Interest expenses surged remarkably by 700 % from the previous quarter, yet the year-over-year increase remains at a moderate 166.67 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 6.11 % but saw an increase from the preceding quarter by 383.67 %.
Tax expenses as a percentage of profits increased slightly by 2.21 % compared to last year, with a more notable quarter-on-quarter increase of 42.12 %. Net profit rose by 4.17 % year-on-year but experienced a 338.1 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 0 % but a quarterly rise of 300 %. In summary, PRISMX GLOBAL VENTURES 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. 1.161 Cr | Rs. 4.678 Cr | Rs. 4.904 Cr | + 4.83 % | + 322.39 % |
| Expenses | Rs. 0.31 Cr | Rs. 6.71 Cr | Rs. 4.4 Cr | -34.43 % | + 1319.35 % |
| Operating Profit | Rs. 0.85 Cr | Rs. -2.03 Cr | Rs. 0.5 Cr | + 124.63 % | -41.18 % |
| Net Profit | Rs. 0.96 Cr | Rs. -0.42 Cr | Rs. 1 Cr | + 338.1 % | + 4.17 % |
| EPS in Rs | Rs. 0.02 | Rs. -0.01 | Rs. 0.02 | + 300 % | + 0 % |
In reviewing PRISMX GLOBAL VENTURES LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 322.39 % year-on-year growth, however, there was a minor increase of 4.83 % from the previous quarter. Expenses rose by 1319.35 % compared to the previous year, with a decrease of -34.43 % quarter-on-quarter. Operating Profit dropped by -41.18 % annually, and saw a 124.63 % increase from the last quarter.
Net Profit showed yearly increase of 4.17 %, and experienced a 338.1 % increase from the previous quarter. Earnings Per Share (EPS) rose by 0 % annually, however rose by 300 % compared to the last quarter. In essence, while PRISMX GLOBAL VENTURES LIMITED exhibits strong annual growth 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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