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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 -36 % over the year, decrease in net sales/revenue by -16.25 %.
- 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 82.22 %. Marginal decrease of -29.31% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Zenith Health Care Ltd.. Profit dropped by -39.06 % Year to Year, Zenith Health Care Ltd.’s profitability dropped by -154.55 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -40.00 % Year to Year. EPS decreased by -160 % 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. 4.017 Cr | Rs. 3.07 Cr | Rs. 2.571 Cr | -16.25 % | -36 % |
| Expenses | Rs. 3.75 Cr | Rs. 3.35 Cr | Rs. 2.46 Cr | -26.57 % | -34.4 % |
| Operating Profit | Rs. 0.27 Cr | Rs. -0.28 Cr | Rs. 0.11 Cr | + 139.29 % | -59.26 % |
| OPM % | 6.72 % | -9.12 % | 4.28 % | + 13.4 % | -2.44 % |
| Other Income | Rs. 0.045 Cr | Rs. 0.116 Cr | Rs. 0.082 Cr | -29.31 % | + 82.22 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.05 Cr | Rs. 0.05 Cr | Rs. 0.04 Cr | -20 % | -20 % |
| Profit before tax | Rs. 0.27 Cr | Rs. -0.21 Cr | Rs. 0.15 Cr | + 171.43 % | -44.44 % |
| Tax % | 0 % | -33.64 % | 0 % | + 33.64 % | 0 % |
| Net Profit | Rs. 0.26 Cr | Rs. -0.29 Cr | Rs. 0.16 Cr | + 155.17 % | -38.46 % |
| EPS in Rs | Rs. 0.05 | Rs. -0.05 | Rs. 0.03 | + 160 % | -40 % |
Today, we’re looking at Zenith Health Care Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -36 %. However, it did see a marginal slip of -16.25 % from the previous quarter. Expenses decreased slightly by -26.57 % quarter-on-quarter, aligning with the annual decline of -34.4 %. Operating profit, while down -59.26 % compared to last year, faced a quarter-on-quarter increase of 139.29 %, 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 -2.44 %, but an expansion of 13.4 % sequentially. Other income fell by -29.31 % compared to the last quarter, despite an annual growth of 82.22 %. Depreciation costs fell by -20 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -20 %. Profit before tax declined annually by -44.44 % but saw an increase from the preceding quarter by 171.43 %.
with a more notable quarter-on-quarter increase of 33.64 %. Net profit fell by -38.46 % year-on-year but experienced a 155.17 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -40 % but a quarterly rise of 160 %. In summary, Zenith Health Care Ltd.’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. 4.017 Cr | Rs. 3.07 Cr | Rs. 2.571 Cr | -16.25 % | -36 % |
| Expenses | Rs. 3.75 Cr | Rs. 3.35 Cr | Rs. 2.46 Cr | -26.57 % | -34.4 % |
| Operating Profit | Rs. 0.27 Cr | Rs. -0.28 Cr | Rs. 0.11 Cr | + 139.29 % | -59.26 % |
| Net Profit | Rs. 0.26 Cr | Rs. -0.29 Cr | Rs. 0.16 Cr | + 155.17 % | -38.46 % |
| EPS in Rs | Rs. 0.05 | Rs. -0.05 | Rs. 0.03 | + 160 % | -40 % |
In reviewing Zenith Health Care Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -36 % year-on-year, although there was a slight dip of -16.25 % from the previous quarter. Expenses decreased by -34.4 % compared to the previous year, with a decrease of -26.57 % quarter-on-quarter. Operating Profit dropped by -59.26 % annually, and saw a 139.29 % increase from the last quarter.
Net Profit showed yearly decrease of -38.46 %, and experienced a 155.17 % increase from the previous quarter. Earnings Per Share (EPS) fell by -40 % annually, however rose by 160 % compared to the last quarter. In essence, while Zenith Health Care Ltd. 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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