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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 13.14 % in the past year, substantial increase in net sales/revenue by 3.23 %.
- 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 425.18 %. Marginal increase in other income during this quarter, up by 16.57%.
- Profit over the Year and quarter: Significant improvement in profitability for Updater Services Limited. Notable increase of 106.87 % in net profit Year to Year, Updater Services Limited’s profitability increased by 6.11 % in this quarter.
- EPS over the Year and quarter: EPS increased by 55.33 % Year to Year. EPS decreased by -1.81 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 576.446 Cr | Rs. 631.77 Cr | Rs. 652.165 Cr | + 3.23 % | + 13.14 % |
| Expenses | Rs. 543.58 Cr | Rs. 591.51 Cr | Rs. 611.25 Cr | + 3.34 % | + 12.45 % |
| Operating Profit | Rs. 32.87 Cr | Rs. 40.26 Cr | Rs. 40.92 Cr | + 1.64 % | + 24.49 % |
| OPM % | 5.7 % | 6.37 % | 6.27 % | -0.1 % | + 0.57 % |
| Other Income | Rs. 1.235 Cr | Rs. 5.564 Cr | Rs. 6.486 Cr | + 16.57 % | + 425.18 % |
| Interest | Rs. 4.13 Cr | Rs. 3.08 Cr | Rs. 3.39 Cr | + 10.06 % | -17.92 % |
| Depreciation | Rs. 13.06 Cr | Rs. 12.29 Cr | Rs. 11.46 Cr | -6.75 % | -12.25 % |
| Profit before tax | Rs. 16.92 Cr | Rs. 30.45 Cr | Rs. 32.56 Cr | + 6.93 % | + 92.43 % |
| Tax % | 26.72 % | 20.68 % | 21.25 % | + 0.57 % | -5.47 % |
| Net Profit | Rs. 12.39 Cr | Rs. 24.16 Cr | Rs. 25.64 Cr | + 6.13 % | + 106.94 % |
| EPS in Rs | Rs. 2.42 | Rs. 3.84 | Rs. 3.79 | -1.3 % | + 56.61 % |
Today, we’re looking at Updater Services 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 13.14 %. However, it did see a marginal increase of 3.23 % from the previous quarter. Expenses ticked up slightly by 3.34 % quarter-on-quarter, aligning with the annual rise of 12.45 %. Operating profit, while up 24.49 % compared to last year, faced a quarter-on-quarter increase of 1.64 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.57 %, but a shrinkage of -0.1 % sequentially. Other income rose by 16.57 % compared to the last quarter, despite an annual growth of 425.18 %. Interest expenses surged remarkably by 10.06 % from the previous quarter, yet the year-over-year decrease remains at a moderate -17.92 %. Depreciation costs fell by -6.75 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -12.25 %. Profit before tax grew annually by 92.43 % but saw an increase from the preceding quarter by 6.93 %.
Tax expenses as a percentage of profits decreased slightly by -5.47 % compared to last year, with a more notable quarter-on-quarter increase of 0.57 %. Net profit rose by 106.94 % year-on-year but experienced a 6.13 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 56.61 % but a quarterly fall of -1.3 %. In summary, Updater Services 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. 576.446 Cr | Rs. 631.77 Cr | Rs. 652.165 Cr | + 3.23 % | + 13.14 % |
| Expenses | Rs. 543.58 Cr | Rs. 591.51 Cr | Rs. 611.25 Cr | + 3.34 % | + 12.45 % |
| Operating Profit | Rs. 32.87 Cr | Rs. 40.26 Cr | Rs. 40.92 Cr | + 1.64 % | + 24.49 % |
| Net Profit | Rs. 12.39 Cr | Rs. 24.16 Cr | Rs. 25.64 Cr | + 6.13 % | + 106.94 % |
| EPS in Rs | Rs. 2.42 | Rs. 3.84 | Rs. 3.79 | -1.3 % | + 56.61 % |
In reviewing Updater Services Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.14 % year-on-year growth, however, there was a minor increase of 3.23 % from the previous quarter. Expenses rose by 12.45 % compared to the previous year, with a 3.34 % increase quarter-on-quarter. Operating Profit surged by 24.49 % annually, and saw a 1.64 % increase from the last quarter.
Net Profit showed yearly increase of 106.94 %, and experienced a 6.13 % increase from the previous quarter. Earnings Per Share (EPS) rose by 56.61 % annually, however dipped by -1.3 % compared to the last quarter. In essence, while Updater Services 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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