Xpro India : Q1 2024 Financial Quarterly Report : YoY Sales Up 5.84 %, QoQ Up 7.88 %

The comprehensive analytics outlining the performance and outlook of Xpro India 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 Xpro 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 5.84 %. However, it did see a marginal increase of 7.88 % from the previous quarter. Expenses ticked up slightly by 10.1 % quarter-on-quarter, aligning with the annual rise of 10.11 %. Operating profit, while down -18.88 % compared to last year, faced a quarter-on-quarter dip of -6.85 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -3.44 %, but a shrinkage of -1.79 % sequentially. Other income rose by 119.71 % compared to the last quarter, despite an annual growth of 532.69 %. Interest expenses surged remarkably by 20.51 % from the previous quarter, yet the year-over-year decrease remains at a moderate -46.59 %. Depreciation costs fell by -0.38 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -11.53 %. Profit before tax grew annually by 21.2 % but saw an increase from the preceding quarter by 14.82 %.
Tax expenses as a percentage of profits decreased slightly by -1.72 % compared to last year, with a more notable quarter-on-quarter increase of 1.43 %. Net profit rose by 24.18 % year-on-year but experienced a 12.7 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 6.73 % but a quarterly rise of 8.56 %. In summary, Xpro India Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Xpro India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.84 % year-on-year growth, however, there was a minor increase of 7.88 % from the previous quarter. Expenses rose by 10.11 % compared to the previous year, with a 10.1 % increase quarter-on-quarter. Operating Profit dropped by -18.88 % annually, and saw a -6.85 % decrease from the last quarter.
Net Profit showed yearly increase of 24.18 %, and experienced a 12.7 % increase from the previous quarter. Earnings Per Share (EPS) rose by 6.73 % annually, however rose by 8.56 % compared to the last quarter. In essence, while Xpro India 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.