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Omansh Enterprises Q1 Results No Revenue Operating Loss at ₹0.66 Lakhs
Omansh Enterprises reported zero revenue in Q1 June 2024, marking a 100% decline QoQ from ₹3.27 crores and a significant drop YoY from ₹0.10 crores in June 2022 and the net loss for the quarter was ₹0.01 crores, showing a 96.92% decrease QoQ from the previous quarter's loss of ₹2.59 crores, with a similar YoY loss.
by Priyanka P
Updated Sep 05, 2024
Table of Content
Omansh Enterprises Q1 Results Growth Comparison
In the first quarter of June 2024, Omansh Enterprises reported no revenue, a significant drop from 3.27 crores in the previous quarter, marking a 100% decrease quarter-on-quarter (QoQ). Compared to June 2022, where revenue was 0.10 crores, the YoY comparison shows a dramatic decline. Selling, general, and administrative expenses were 0.01 crores in this quarter, down from 0.03 crores in March 2022, which is a 100% reduction QoQ. YoY, these expenses were minimal in June 2022, so the comparison is not significant. Depreciation and amortization were zero in both Q1 June 2024 and June 2022, with no change QoQ or YoY.
Other operating expenses were zero in the current quarter, compared to -1.72 crores in the previous quarter, reflecting a massive 99.73% reduction QoQ. Compared to 0.13 crores in June 2022, the YoY decrease is substantial. Total operating expenses were 0.01 crores in the current quarter, down from 0.68 crores in March 2022, a 97.06% reduction QoQ. The YoY comparison with 0.13 crores in June 2022 also shows a significant decrease.
Operating income was a loss of 0.01 crores, down 96.92% QoQ from a profit of 2.59 crores in the previous quarter. YoY, the loss was similar to the previous year. Net income before taxes and net income were both losses of 0.01 crores, reflecting a 96.92% decrease QoQ from the previous quarter and similar YoY to the previous year’s losses. The diluted normalized EPS was -0.01, a decrease of 89.13% from -0.04 in the previous quarter. YoY, this is a larger loss compared to -0.02 in June 2022.
Here are the Q1 results for Omansh Enterprises
|
Fiscal Period |
Jun 24 |
Mar 22 |
QoQ Comp |
Jun 22 |
YoY Comp |
|
Total Revenue |
0.00 |
3.27 |
0.00% |
0.10 |
N/A |
|
Selling/ General/ Admin Expenses Total |
0.01 |
0.03 |
0.00% |
0.00 |
N/A |
|
Depreciation/ Amortization |
0.00 |
0.01 |
0.00% |
0.00 |
N/A |
|
Other Operating Expenses Total |
0.00 |
-1.72 |
-99.73% |
0.13 |
N/A |
|
Total Operating Expense |
0.01 |
0.68 |
-97.06% |
0.13 |
N/A |
|
Operating Income |
-0.01 |
2.59 |
-96.92% |
-0.03 |
N/A |
|
Net Income Before Taxes |
-0.01 |
-0.07 |
-96.92% |
-0.03 |
N/A |
|
Net Income |
-0.01 |
-0.07 |
-96.92% |
-0.03 |
N/A |
|
Diluted Normalized EPS |
-0.01 |
-0.04 |
-89.13% |
-0.02 |
N/A |
Source: Here
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Omansh Enterprises Q1 Results
The table presents Omansh Enterprises financial results for the quarter ended June 30, 2024, compared to previous periods.
For the quarter ending June 30, 2024, the company reported no revenue from operations, while the previous quarter (March 31, 2024) had 1.02 lakhs in revenue. This indicates a complete drop in income quarter-on-quarter (QoQ). The total income for the current quarter is zero, compared to 1.02 lakhs in the last quarter.
Expenses for the current quarter were 0.66 lakhs, significantly lower than 22.46 lakhs in the previous quarter. This decrease shows a 97% drop QoQ. The major expenses this quarter were employee benefits of 0.60 lakhs and other expenses of 0.06 lakhs. In contrast, previous expenses included higher costs for materials and finance, as well as depreciation.
The company recorded a loss of 0.66 lakhs for this quarter, down from a loss of 21.44 lakhs in the previous quarter. This represents an improvement, though it’s still a loss. The YoY comparison with June 30, 2023, is not available as there was no data provided for that period.
The earnings per share (EPS) for this quarter were -0.01, showing a decrease from -4.06 in the previous quarter. This indicates a smaller loss per share compared to the last quarter but still reflects a negative outcome. Overall, the financial results show a significant reduction in revenue and expenses, with a noticeable improvement in losses compared to the previous quarter.
Here is a summary of the financial data you provided:
|
Particulars |
30.06.2024 |
31.03.2024 |
30.06.2023 |
31.03.2024 |
|
Income From Operations |
||||
|
i) Revenue From Operations |
0.00 |
1.02 |
1.02 |
|
|
ii) Other Operating Income |
||||
|
Other Income |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total Income (i+ii) |
0.00 |
1.02 |
0.00 |
1.02 |
|
Expenses |
||||
|
(a) Cost of materials consumed |
0.00 |
0.00 |
0.92 |
|
|
(b) Purchase of stock-in-trade |
0.00 |
0.00 |
0.00 |
|
|
(c) Changes in inventories |
0.00 |
0.00 |
0.00 |
|
|
(d) Employee benefits expense |
0.60 |
0.00 |
1.40 |
|
|
(e) Finance cost |
0.00 |
0.00 |
1.63 |
|
|
(f) Depreciation and amortisation expense |
0.00 |
0.00 |
0.00 |
|
|
(g) Other expenses |
0.06 |
22.46 |
29.79 |
|
|
Total expenses |
0.66 |
22.46 |
0.00 |
33.74 |
|
Profit/(Loss) before exceptional items and tax |
(0.66) |
(21.44) |
0.00 |
(32.72) |
|
Exceptional Items |
0.00 |
0.00 |
0.00 |
0.00 |
|
Profit before tax |
(0.66) |
(21.44) |
0.00 |
(32.72) |
|
Tax Expenses |
||||
|
a) Current Tax |
0.00 |
0.00 |
0.00 |
0.00 |
|
b) Deferred Tax |
0.00 |
0.00 |
0.00 |
0.00 |
|
c) Provision for standard assets of NBFCs |
0.00 |
0.00 |
0.00 |
0.00 |
|
Profit/(Loss) for the period |
(0.66) |
(21.44) |
0.00 |
(32.72) |
|
Other Comprehensive Income (OCI) |
||||
|
a) Items that will not be reclassified to profit or loss (net of tax) |
0.00 |
0.00 |
0.00 |
0.00 |
|
b) Items that will be reclassified to profit or loss (net of tax) |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total Comprehensive Income for the period |
(0.66) |
(21.44) |
0.00 |
(32.72) |
|
Paid-up Share Capital |
1,056.01 |
1,056.01 |
35,500.00 |
1,056.01 |
|
Reserve excluding Revaluation Reserve |
0.00 |
0.00 |
0.00 |
0.00 |
|
Earnings per share |
||||
|
a) Basic |
-0.01 |
-4.06 |
0.00 |
-6.20 |
|
b) Diluted |
-0.01 |
-4.06 |
0.00 |
-6.20 |
Omansh Enterprises Stock Performance
The table shows key financial metrics for Omansh Enterprises. The company has a market capitalization of ₹1.17 crore, and the current stock price is ₹0.66. The stock has traded between ₹0.70 and ₹0.46 recently. The book value per share is ₹0.85, and there is no dividend yield, meaning the company doesn’t pay out dividends. The return on capital employed (ROCE) is -12.1%, and the return on equity (ROE) is -143%, indicating the company is currently not generating profit relative to its investments and equity. The face value of the stock is ₹2.00.
Here is the financial summary in table format:
|
Metric |
Value |
|
Market Cap |
₹1.17 Cr. |
|
Current Price |
₹0.66 |
|
High / Low |
₹0.70 / ₹0.46 |
|
Stock P/E |
N/A |
|
Book Value |
₹0.85 |
|
Dividend Yield |
0.00% |
|
ROCE |
-12.1% |
|
ROE |
-143% |
|
Face Value |
₹2.00 |
Quarterly Results
Here’s a summary of the quarterly financial results:
| Metric | Sep 2022 | Mar 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|---|
| Sales | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Expenses | 0.01 | 0.18 | 0.01 | 0.22 | 0.01 |
| Operating Profit | -0.01 | -0.18 | -0.01 | -0.21 | -0.01 |
| OPM % | -2,100.00% | ||||
| Other Income | 0.00 | -4.08 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax | -0.02 | -4.26 | -0.01 | -0.21 | -0.01 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | -0.02 | -4.26 | -0.01 | -0.21 | -0.01 |
| EPS in Rs | -0.01 | -2.40 | -0.01 | -0.12 | -0.01 |
About Omansh Enterprises
Omansh Enterprises is a company based in New Delhi, India. Founded in 1974, it operates in various sectors, including manufacturing and trading. The company's financial performance has shown fluctuations over the years, with periods of low or no revenue and recurring losses. For example, in recent quarters, their sales and expenses have been minimal, leading to operating losses.
Despite some revenue spikes in previous periods, the company has struggled with profitability. Omansh Enterprises does not currently pay dividends and has a negative return on capital employed (ROCE) and return on equity (ROE), reflecting financial challenges. The stock price and other financial metrics indicate that the company is working through significant financial difficulties.
Omansh Enterprises Q1 Results - FAQs
1. What was Omansh Enterprises' total revenue for Q1 2024?
Omansh Enterprises reported zero total revenue for Q1 2024, showing a complete drop from the previous quarter.
2. How did Omansh Enterprises' operating expenses change in Q1 2024?
Omansh Enterprises' total operating expenses significantly decreased by 97.06% QoQ to 0.01 crores in Q1 2024.
3. What was the net loss of Omansh Enterprises in Q1 2024?
Omansh Enterprises recorded a net loss of 0.01 crores in Q1 2024, reflecting a 96.92% decrease from the previous quarter.
4. Did Omansh Enterprises report any depreciation or amortization in Q1 2024?
No, Omansh Enterprises reported zero depreciation and amortization in Q1 2024.
5. What was the impact on Omansh Enterprises' EPS in Q1 2024?
Omansh Enterprises' diluted normalized EPS decreased by 89.13% to -0.01 in Q1 2024.
6. How did Omansh Enterprises' stock perform recently?
Omansh Enterprises' stock is currently priced at ₹0.66, with a recent trading range between ₹0.70 and ₹0.46.
7. What is the Return on Equity (ROE) for Omansh Enterprises?
Omansh Enterprises has a negative Return on Equity (ROE) of -143%, indicating it is not generating profit relative to equity.
8. Has Omansh Enterprises declared any dividends recently?
No, Omansh Enterprises has not declared any dividends, as its dividend yield is 0.00%.
9. What was the main expense for Omansh Enterprises in Q1 2024?
Employee benefits were the main expense for Omansh Enterprises in Q1 2024, amounting to 0.60 lakhs.
10. How did Omansh Enterprises' other operating expenses change QoQ?
Omansh Enterprises' other operating expenses decreased by 99.73% QoQ, down to zero in Q1 2024.