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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’s sales declined by -7.4 % over the year, decrease in net sales/revenue by -2.2 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -26.37 %, Marginal decrease of -7.84% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for XTGLOBAL INFOTECH LIMITED. Notable increase of 93.31 % in net profit Year to Year, XTGLOBAL INFOTECH LIMITED’s profitability increased by 142.67 % in this quarter.
- EPS over the Year and quarter: EPS increased by 100.00 % Year to Year. EPS increased by 220 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 53.245 Cr | Rs. 50.418 Cr | Rs. 49.307 Cr | -2.2 % | -7.4 % |
Expenses | Rs. 49 Cr | Rs. 46.51 Cr | Rs. 44.55 Cr | -4.21 % | -9.08 % |
Operating Profit | Rs. 4.25 Cr | Rs. 3.91 Cr | Rs. 4.76 Cr | + 21.74 % | + 12 % |
OPM % | 7.98 % | 7.76 % | 9.65 % | + 1.89 % | + 1.67 % |
Other Income | Rs. 1.149 Cr | Rs. 0.918 Cr | Rs. 0.846 Cr | -7.84 % | -26.37 % |
Interest | Rs. 0.72 Cr | Rs. 0.73 Cr | Rs. 0.79 Cr | + 8.22 % | + 9.72 % |
Depreciation | Rs. 2.86 Cr | Rs. 1.95 Cr | Rs. 1.96 Cr | + 0.51 % | -31.47 % |
Profit before tax | Rs. 1.82 Cr | Rs. 2.15 Cr | Rs. 2.86 Cr | + 33.02 % | + 57.14 % |
Tax % | 32.45 % | 57.38 % | 24.03 % | -33.35 % | -8.42 % |
Net Profit | Rs. 1.12 Cr | Rs. 0.89 Cr | Rs. 2.17 Cr | + 143.82 % | + 93.75 % |
EPS in Rs | Rs. 0.08 | Rs. 0.05 | Rs. 0.16 | + 220 % | + 100 % |
Today, we’re looking at XTGLOBAL INFOTECH LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -7.4 %. However, it did see a marginal slip of -2.2 % from the previous quarter. Expenses decreased slightly by -4.21 % quarter-on-quarter, aligning with the annual decline of -9.08 %. Operating profit, while up 12 % compared to last year, faced a quarter-on-quarter increase of 21.74 %, 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 1.67 %, but an expansion of 1.89 % sequentially. Other income fell by -7.84 % compared to the last quarter, despite an annual decline of -26.37 %. Interest expenses surged remarkably by 8.22 % from the previous quarter, yet the year-over-year increase remains at a moderate 9.72 %. Depreciation costs climbed by 0.51 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -31.47 %. Profit before tax grew annually by 57.14 % but saw an increase from the preceding quarter by 33.02 %.
Tax expenses as a percentage of profits decreased slightly by -8.42 % compared to last year, with a more notable quarter-on-quarter decrease of -33.35 %. Net profit rose by 93.75 % year-on-year but experienced a 143.82 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 100 % but a quarterly rise of 220 %. In summary, XTGLOBAL INFOTECH 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. 53.245 Cr | Rs. 50.418 Cr | Rs. 49.307 Cr | -2.2 % | -7.4 % |
Expenses | Rs. 49 Cr | Rs. 46.51 Cr | Rs. 44.55 Cr | -4.21 % | -9.08 % |
Operating Profit | Rs. 4.25 Cr | Rs. 3.91 Cr | Rs. 4.76 Cr | + 21.74 % | + 12 % |
Net Profit | Rs. 1.12 Cr | Rs. 0.89 Cr | Rs. 2.17 Cr | + 143.82 % | + 93.75 % |
EPS in Rs | Rs. 0.08 | Rs. 0.05 | Rs. 0.16 | + 220 % | + 100 % |
In reviewing XTGLOBAL INFOTECH LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -7.4 % year-on-year, although there was a slight dip of -2.2 % from the previous quarter. Expenses decreased by -9.08 % compared to the previous year, with a decrease of -4.21 % quarter-on-quarter. Operating Profit surged by 12 % annually, and saw a 21.74 % increase from the last quarter.
Net Profit showed yearly increase of 93.75 %, and experienced a 143.82 % increase from the previous quarter. Earnings Per Share (EPS) rose by 100 % annually, however rose by 220 % compared to the last quarter. In essence, while XTGLOBAL INFOTECH 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.