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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 decline in other income over the past year which is -25 %, Marginal increase in other income during this quarter, up by 0%.
- Profit over the Year and quarter: Significant improvement in profitability for PROGREX VENTURES LIMITED. Notable increase of 225 % in net profit Year to Year, PROGREX VENTURES LIMITED’s profitability dropped by -81.94 % Quarter to Quarter.
- EPS over the Year and quarter:
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. 0.01 Cr | Rs. 0.08 Cr | Rs. 0.02 Cr | -75 % | + 100 % |
Operating Profit | Rs. -0.01 Cr | Rs. -0.08 Cr | Rs. -0.02 Cr | + 75 % | -100 % |
OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
Other Income | Rs. 0.004 Cr | Rs. 0.003 Cr | Rs. 0.003 Cr | + 0 % | -25 % |
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. -0.01 Cr | Rs. -0.08 Cr | Rs. -0.02 Cr | + 75 % | -100 % |
Tax % | -0 % | -0 % | -0 % | 0 % | 0 % |
Net Profit | Rs. -0 Cr | Rs. -0.07 Cr | Rs. -0.01 Cr | + 85.71 % | 0 % |
EPS in Rs | Rs. 0 | Rs. 0 | Rs. 0 | 0 % | 0 % |
Today, we’re looking at PROGREX VENTURES LIMITED’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -75 % quarter-on-quarter, aligning with the annual rise of 100 %. Operating profit, while down -100 % compared to last year, faced a quarter-on-quarter increase of 75 %, signaling a short-term expansion in margins.
Other income rose by 0 % compared to the last quarter, despite an annual decline of -25 %. Profit before tax declined annually by -100 % but saw an increase from the preceding quarter by 75 %.
but experienced a 85.71 % expansion from the last quarter. In summary, PROGREX 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. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Expenses | Rs. 0.01 Cr | Rs. 0.08 Cr | Rs. 0.02 Cr | -75 % | + 100 % |
Operating Profit | Rs. -0.01 Cr | Rs. -0.08 Cr | Rs. -0.02 Cr | + 75 % | -100 % |
Net Profit | Rs. -0 Cr | Rs. -0.07 Cr | Rs. -0.01 Cr | + 85.71 % | 0 % |
EPS in Rs | Rs. 0 | Rs. 0 | Rs. 0 | 0 % | 0 % |
In reviewing PROGREX VENTURES LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 100 % compared to the previous year, with a decrease of -75 % quarter-on-quarter. Operating Profit dropped by -100 % annually, and saw a 75 % increase from the last quarter.
and experienced a 85.71 % increase from the previous quarter. In essence, while PROGREX VENTURES 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.