Five X Tradecom's Revenue Collapse Wipes Out Quarterly Profit
The financial services firm reported a sharp reversal, with revenue turning negative and profit hitting zero in the June quarter.
Five X Tradecom's Q1 FY23 results show a dramatic quarter-on-quarter decline, with revenue plunging into negative territory and profit completely disappearing.
Five X Tradecom's first-quarter earnings for FY23 reveal a severe operational setback. The financial services company saw its revenue collapse into negative territory, leading to a complete evaporation of profit compared to the previous quarter.
The numbers tell a stark story of reversal. Sequentially, revenue fell by 199.6% to ₹-2.5 crore, down from ₹2.51 crore in Q4 FY22. Profit followed suit, declining by 100% to precisely zero, compared to a profit of ₹0.01 crore in the prior quarter. This swing pushed the net profit margin from a positive 0.4% down to -0.0%.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY23 | PreviousQ4 FY22 |
|---|---|---|
| Period | Quarter ended June 2022 | Quarter ended March 2022 |
| Revenue (₹ Cr) | -2.5 | 2.51 |
| Profit (₹ Cr) | 0.0 | 0.01 |
| Net Profit Margin (%) | -0.0 | 0.4 |
Key Points
- The company maintains a strong balance sheet with zero debt and a high current ratio of 7.04.
- Return on Equity (ROE) for the period stands at a minimal 0.04%.
- For the full financial year FY23, the company has reported annual revenue of ₹1.53 crore with a net profit margin of 0.2%.
The dramatic quarter-on-quarter decline marks a significant challenge, shifting focus to whether the company can stabilize its core revenue generation in the coming months.
Live Chart
· FIVE X TRADECOM
(BSE)
ISIN: INE750L01019
Also read
Want this applied to your portfolio?
Talk to a HexaWealth advisor, or sync your mutual fund data for insights tailored to your holdings.