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Share the post "Scan Projects ‘s Q2 Financial results: Revenue Grows by 100.47% YoY"
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 100.47 % in the past year, substantial increase in net sales/revenue by 52.85 %.
- Profit over the Year and quarter: Challenges in sustaining profitability for Scan Projects Ltd. Profit dropped by -103.84 % Year to Year, Scan Projects Ltd’s profitability increased by 172.73 % in this quarter.
- EPS over the Year and quarter: EPS declined by -103.68 % Year to Year. EPS increased by 150 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1.701 Cr | Rs. 2.231 Cr | Rs. 3.41 Cr | + 52.85 % | + 100.47 % |
| Expenses | Rs. 1.56 Cr | Rs. 2.21 Cr | Rs. 3.38 Cr | + 52.94 % | + 116.67 % |
| Operating Profit | Rs. 0.14 Cr | Rs. 0.02 Cr | Rs. 0.03 Cr | + 50 % | -78.57 % |
| OPM % | 8.23 % | 0.9 % | 0.88 % | -0.02 % | -7.35 % |
| Other Income | Rs. -0.863 Cr | Rs. 0 Cr | Rs. 0.026 Cr | 0 % | + 103.01 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0.01 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.01 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. -0.73 Cr | Rs. 0.01 Cr | Rs. 0.04 Cr | + 300 % | + 105.48 % |
| Tax % | -6.39 % | 26.67 % | 25 % | -1.67 % | + 31.39 % |
| Net Profit | Rs. -0.78 Cr | Rs. 0.01 Cr | Rs. 0.03 Cr | + 200 % | + 103.85 % |
| EPS in Rs | Rs. -2.72 | Rs. 0.04 | Rs. 0.1 | + 150 % | + 103.68 % |
Today, we’re looking at Scan Projects Ltd’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 100.47 %. However, it did see a marginal increase of 52.85 % from the previous quarter. Expenses ticked up slightly by 52.94 % quarter-on-quarter, aligning with the annual rise of 116.67 %. Operating profit, while down -78.57 % compared to last year, faced a quarter-on-quarter increase of 50 %, 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 -7.35 %, but a shrinkage of -0.02 % sequentially. despite an annual growth of 103.01 %. 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 105.48 % but saw an increase from the preceding quarter by 300 %.
Tax expenses as a percentage of profits increased slightly by 31.39 % compared to last year, with a more notable quarter-on-quarter decrease of -1.67 %. Net profit rose by 103.85 % year-on-year but experienced a 200 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 103.68 % but a quarterly rise of 150 %. In summary, Scan Projects Ltd’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. 1.701 Cr | Rs. 2.231 Cr | Rs. 3.41 Cr | + 52.85 % | + 100.47 % |
| Expenses | Rs. 1.56 Cr | Rs. 2.21 Cr | Rs. 3.38 Cr | + 52.94 % | + 116.67 % |
| Operating Profit | Rs. 0.14 Cr | Rs. 0.02 Cr | Rs. 0.03 Cr | + 50 % | -78.57 % |
| Net Profit | Rs. -0.78 Cr | Rs. 0.01 Cr | Rs. 0.03 Cr | + 200 % | + 103.85 % |
| EPS in Rs | Rs. -2.72 | Rs. 0.04 | Rs. 0.1 | + 150 % | + 103.68 % |
In reviewing Scan Projects Ltd’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 100.47 % year-on-year growth, however, there was a minor increase of 52.85 % from the previous quarter. Expenses rose by 116.67 % compared to the previous year, with a 52.94 % increase quarter-on-quarter. Operating Profit dropped by -78.57 % annually, and saw a 50 % increase from the last quarter.
Net Profit showed yearly increase of 103.85 %, and experienced a 200 % increase from the previous quarter. Earnings Per Share (EPS) rose by 103.68 % annually, however rose by 150 % compared to the last quarter. In essence, while Scan Projects Ltd 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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