Share the post "Zaggle Prepaid Ocean Services : Q1 2024 Financial Quarterly Report : YoY Sales Up 112.87 %, QoQ Down 7.74 %"
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 112.87 % in the past year, decrease in net sales/revenue by -7.74 %.
- 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 210.23 %. Marginal decrease of -3.46% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Zaggle Prepaid Ocean Services Limited. Notable increase of 714.31 % in net profit Year to Year, Zaggle Prepaid Ocean Services Limited’s profitability dropped by -12.65 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 470.83 % Year to Year. EPS decreased by -12.74 % 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. 118.479 Cr | Rs. 273.371 Cr | Rs. 252.206 Cr | -7.74 % | + 112.87 % |
Expenses | Rs. 110.53 Cr | Rs. 246.15 Cr | Rs. 229.77 Cr | -6.65 % | + 107.88 % |
Operating Profit | Rs. 7.95 Cr | Rs. 27.22 Cr | Rs. 22.44 Cr | -17.56 % | + 182.26 % |
OPM % | 6.71 % | 9.96 % | 8.9 % | -1.06 % | + 2.19 % |
Other Income | Rs. 1.456 Cr | Rs. 4.679 Cr | Rs. 4.517 Cr | -3.46 % | + 210.23 % |
Interest | Rs. 4.41 Cr | Rs. 3.79 Cr | Rs. 2.06 Cr | -45.65 % | -53.29 % |
Depreciation | Rs. 2.01 Cr | Rs. 2.15 Cr | Rs. 2.14 Cr | -0.47 % | + 6.47 % |
Profit before tax | Rs. 2.99 Cr | Rs. 25.96 Cr | Rs. 22.76 Cr | -12.33 % | + 661.2 % |
Tax % | 31.36 % | 26.21 % | 26.52 % | + 0.31 % | -4.84 % |
Net Profit | Rs. 2.06 Cr | Rs. 19.16 Cr | Rs. 16.73 Cr | -12.68 % | + 712.14 % |
EPS in Rs | Rs. 0.24 | Rs. 1.56 | Rs. 1.36 | -12.82 % | + 466.67 % |
Today, we’re looking at Zaggle Prepaid Ocean 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 112.87 %. However, it did see a marginal slip of -7.74 % from the previous quarter. Expenses decreased slightly by -6.65 % quarter-on-quarter, aligning with the annual rise of 107.88 %. Operating profit, while up 182.26 % compared to last year, faced a quarter-on-quarter dip of -17.56 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.19 %, but a shrinkage of -1.06 % sequentially. Other income fell by -3.46 % compared to the last quarter, despite an annual growth of 210.23 %. Interest expenses dropped significantly by -45.65 % from the previous quarter, yet the year-over-year decrease remains at a moderate -53.29 %. Depreciation costs fell by -0.47 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 6.47 %. Profit before tax grew annually by 661.2 % but saw a reduction from the preceding quarter by -12.33 %.
Tax expenses as a percentage of profits decreased slightly by -4.84 % compared to last year, with a more notable quarter-on-quarter increase of 0.31 %. Net profit rose by 712.14 % year-on-year but witnessed a -12.68 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 466.67 % but a quarterly fall of -12.82 %. In summary, Zaggle Prepaid Ocean 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. 118.479 Cr | Rs. 273.371 Cr | Rs. 252.206 Cr | -7.74 % | + 112.87 % |
Expenses | Rs. 110.53 Cr | Rs. 246.15 Cr | Rs. 229.77 Cr | -6.65 % | + 107.88 % |
Operating Profit | Rs. 7.95 Cr | Rs. 27.22 Cr | Rs. 22.44 Cr | -17.56 % | + 182.26 % |
Net Profit | Rs. 2.06 Cr | Rs. 19.16 Cr | Rs. 16.73 Cr | -12.68 % | + 712.14 % |
EPS in Rs | Rs. 0.24 | Rs. 1.56 | Rs. 1.36 | -12.82 % | + 466.67 % |
In reviewing Zaggle Prepaid Ocean Services Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 112.87 % year-on-year growth, although there was a slight dip of -7.74 % from the previous quarter. Expenses rose by 107.88 % compared to the previous year, with a decrease of -6.65 % quarter-on-quarter. Operating Profit surged by 182.26 % annually, and saw a -17.56 % decrease from the last quarter.
Net Profit showed yearly increase of 712.14 %, and experienced a -12.68 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 466.67 % annually, however dipped by -12.82 % compared to the last quarter. In essence, while Zaggle Prepaid Ocean Services Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.