Ratnabhumi Developers Reports Q1: Revenue Up by 126463.41% Year-on-Year

The comprehensive analytics outlining the performance and outlook of Ratnabhumi Developers Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Ratnabhumi Developers 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 126463.41 %. However, it did see a marginal increase of 43875.42 % from the previous quarter. Expenses ticked up slightly by 1011.24 % quarter-on-quarter, aligning with the annual rise of 1682.19 %. Operating profit, while up 92.23 % compared to last year, faced a quarter-on-quarter increase of 9.63 %, 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 -7208.54 %, but a shrinkage of -4387.34 % sequentially. Other income rose by 246.68 % compared to the last quarter, despite an annual growth of 1456.73 %. Interest expenses dropped significantly by -2.39 % from the previous quarter, yet the year-over-year increase remains at a moderate 62.25 %. Depreciation costs fell by -53.7 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 733.33 %. Profit before tax grew annually by 21500 % but saw an increase from the preceding quarter by 2060 %.
Tax expenses as a percentage of profits increased slightly by 83.99 % compared to last year, with a more notable quarter-on-quarter decrease of -968.54 %. but experienced a 1011.11 % expansion from the last quarter. but a quarterly rise of 1023.08 %. In summary, Ratnabhumi Developers Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Ratnabhumi Developers Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 126463.41 % year-on-year growth, however, there was a minor increase of 43875.42 % from the previous quarter. Expenses rose by 1682.19 % compared to the previous year, with a 1011.24 % increase quarter-on-quarter. Operating Profit surged by 92.23 % annually, and saw a 9.63 % increase from the last quarter.
and experienced a 1011.11 % increase from the previous quarter. however rose by 1023.08 % compared to the last quarter. In essence, while Ratnabhumi Developers 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.