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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 3600 % in the past year, decrease in net sales/revenue by -87.17 %.
- 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 620 %. Marginal increase in other income during this quarter, up by 20%.
- Profit over the Year and quarter: Challenges in sustaining profitability for QUEST SOFTECH (INDIA) LIMITED. Profit dropped by -46.37 % Year to Year, QUEST SOFTECH (INDIA) LIMITED’s profitability increased by 81.56 % in this quarter.
- EPS over the Year and quarter: EPS declined by -63.93 % Year to Year. EPS increased by 29.41 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.003 Cr | Rs. 0.865 Cr | Rs. 0.111 Cr | -87.17 % | + 3600 % |
| Expenses | Rs. 0.29 Cr | Rs. 0.97 Cr | Rs. 0.41 Cr | -57.73 % | + 41.38 % |
| Operating Profit | Rs. -0.29 Cr | Rs. -0.11 Cr | Rs. -0.3 Cr | -172.73 % | -3.45 % |
| OPM % | -9666.67 % | -12.72 % | -270.27 % | -257.55 % | + 9396.4 % |
| Other Income | Rs. 0.005 Cr | Rs. 0.03 Cr | Rs. 0.036 Cr | + 20 % | + 620 % |
| Interest | Rs. 0.31 Cr | Rs. 0.12 Cr | Rs. 0.01 Cr | -91.67 % | -96.77 % |
| Depreciation | Rs. 0 Cr | Rs. 0.06 Cr | Rs. 0.05 Cr | -16.67 % | 0 % |
| Profit before tax | Rs. -0.6 Cr | Rs. -0.26 Cr | Rs. -0.32 Cr | -23.08 % | + 46.67 % |
| Tax % | -2.19 % | -28.4 % | -0.31 % | + 28.09 % | + 1.88 % |
| Net Profit | Rs. -0.61 Cr | Rs. -0.18 Cr | Rs. -0.33 Cr | -83.33 % | + 45.9 % |
| EPS in Rs | Rs. -0.61 | Rs. -0.17 | Rs. -0.22 | -29.41 % | + 63.93 % |
Today, we’re looking at QUEST SOFTECH (INDIA) 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 3600 %. However, it did see a marginal slip of -87.17 % from the previous quarter. Expenses decreased slightly by -57.73 % quarter-on-quarter, aligning with the annual rise of 41.38 %. Operating profit, while down -3.45 % compared to last year, faced a quarter-on-quarter dip of -172.73 %, 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 9396.4 %, but a shrinkage of -257.55 % sequentially. Other income rose by 20 % compared to the last quarter, despite an annual growth of 620 %. Interest expenses dropped significantly by -91.67 % from the previous quarter, yet the year-over-year decrease remains at a moderate -96.77 %. Depreciation costs fell by -16.67 % quarter-on-quarter, Profit before tax grew annually by 46.67 % but saw a reduction from the preceding quarter by -23.08 %.
Tax expenses as a percentage of profits increased slightly by 1.88 % compared to last year, with a more notable quarter-on-quarter increase of 28.09 %. Net profit rose by 45.9 % year-on-year but witnessed a -83.33 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 63.93 % but a quarterly fall of -29.41 %. In summary, QUEST SOFTECH (INDIA) 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. 0.003 Cr | Rs. 0.865 Cr | Rs. 0.111 Cr | -87.17 % | + 3600 % |
| Expenses | Rs. 0.29 Cr | Rs. 0.97 Cr | Rs. 0.41 Cr | -57.73 % | + 41.38 % |
| Operating Profit | Rs. -0.29 Cr | Rs. -0.11 Cr | Rs. -0.3 Cr | -172.73 % | -3.45 % |
| Net Profit | Rs. -0.61 Cr | Rs. -0.18 Cr | Rs. -0.33 Cr | -83.33 % | + 45.9 % |
| EPS in Rs | Rs. -0.61 | Rs. -0.17 | Rs. -0.22 | -29.41 % | + 63.93 % |
In reviewing QUEST SOFTECH (INDIA) LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3600 % year-on-year growth, although there was a slight dip of -87.17 % from the previous quarter. Expenses rose by 41.38 % compared to the previous year, with a decrease of -57.73 % quarter-on-quarter. Operating Profit dropped by -3.45 % annually, and saw a -172.73 % decrease from the last quarter.
Net Profit showed yearly increase of 45.9 %, and experienced a -83.33 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 63.93 % annually, however dipped by -29.41 % compared to the last quarter. In essence, while QUEST SOFTECH (INDIA) LIMITED 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.
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