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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -21.43 % over the year, decrease in net sales/revenue by -16.76 %.
- 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 20 %. Marginal decrease of -30% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Zenith Exports Limited. Profit dropped by -64.1 % Year to Year, Zenith Exports Limited’s profitability dropped by -133.33 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -27.78 % Year to Year. EPS decreased by -133.77 % 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. 21.05 Cr | Rs. 19.87 Cr | Rs. 16.54 Cr | -16.76 % | -21.43 % |
| Expenses | Rs. 20.68 Cr | Rs. 21.07 Cr | Rs. 16.74 Cr | -20.55 % | -19.05 % |
| Operating Profit | Rs. 0.37 Cr | Rs. -1.2 Cr | Rs. -0.2 Cr | + 83.33 % | -154.05 % |
| OPM % | 1.76 % | -6.04 % | -1.21 % | + 4.83 % | -2.97 % |
| Other Income | Rs. 0.7 Cr | Rs. 1.2 Cr | Rs. 0.84 Cr | -30 % | + 20 % |
| Interest | Rs. 0.26 Cr | Rs. 0.18 Cr | Rs. 0.21 Cr | + 16.67 % | -19.23 % |
| Depreciation | Rs. 0.24 Cr | Rs. 0.28 Cr | Rs. 0.21 Cr | -25 % | -12.5 % |
| Profit before tax | Rs. 0.57 Cr | Rs. -0.46 Cr | Rs. 0.22 Cr | + 147.83 % | -61.4 % |
| Tax % | 31.58 % | -8.7 % | 36.36 % | + 45.06 % | + 4.78 % |
| Net Profit | Rs. 0.39 Cr | Rs. -0.42 Cr | Rs. 0.14 Cr | + 133.33 % | -64.1 % |
| EPS in Rs | Rs. 0.72 | Rs. -1.54 | Rs. 0.52 | + 133.77 % | -27.78 % |
Today, we’re looking at Zenith Exports 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 -21.43 %. However, it did see a marginal slip of -16.76 % from the previous quarter. Expenses decreased slightly by -20.55 % quarter-on-quarter, aligning with the annual decline of -19.05 %. Operating profit, while down -154.05 % compared to last year, faced a quarter-on-quarter increase of 83.33 %, 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 -2.97 %, but an expansion of 4.83 % sequentially. Other income fell by -30 % compared to the last quarter, despite an annual growth of 20 %. Interest expenses surged remarkably by 16.67 % from the previous quarter, yet the year-over-year decrease remains at a moderate -19.23 %. Depreciation costs fell by -25 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -12.5 %. Profit before tax declined annually by -61.4 % but saw an increase from the preceding quarter by 147.83 %.
Tax expenses as a percentage of profits increased slightly by 4.78 % compared to last year, with a more notable quarter-on-quarter increase of 45.06 %. Net profit fell by -64.1 % year-on-year but experienced a 133.33 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -27.78 % but a quarterly rise of 133.77 %. In summary, Zenith Exports 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. 21.05 Cr | Rs. 19.87 Cr | Rs. 16.54 Cr | -16.76 % | -21.43 % |
| Expenses | Rs. 20.68 Cr | Rs. 21.07 Cr | Rs. 16.74 Cr | -20.55 % | -19.05 % |
| Operating Profit | Rs. 0.37 Cr | Rs. -1.2 Cr | Rs. -0.2 Cr | + 83.33 % | -154.05 % |
| Net Profit | Rs. 0.39 Cr | Rs. -0.42 Cr | Rs. 0.14 Cr | + 133.33 % | -64.1 % |
| EPS in Rs | Rs. 0.72 | Rs. -1.54 | Rs. 0.52 | + 133.77 % | -27.78 % |
In reviewing Zenith Exports Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -21.43 % year-on-year, although there was a slight dip of -16.76 % from the previous quarter. Expenses decreased by -19.05 % compared to the previous year, with a decrease of -20.55 % quarter-on-quarter. Operating Profit dropped by -154.05 % annually, and saw a 83.33 % increase from the last quarter.
Net Profit showed yearly decrease of -64.1 %, and experienced a 133.33 % increase from the previous quarter. Earnings Per Share (EPS) fell by -27.78 % annually, however rose by 133.77 % compared to the last quarter. In essence, while Zenith Exports Limited faces strong annual decline 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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