Focus Industrial Revenue Slumps 50% Quarter-on-Quarter
The NBFC reported a sharp drop in quarterly revenue, while profit remained at zero for the second consecutive quarter.
Focus Industrial Resources saw its revenue fall by half compared to the previous quarter, with profit staying flat at zero. The company's financial performance shows significant pressure.
Focus Industrial Resources reported a sharp contraction in its quarterly financial performance for the quarter ended June 2022. Revenue halved compared to the previous quarter, while profit remained negligible, indicating a period of significant pressure for the non-banking finance company.
The latest figures show a clear sequential decline. Revenue fell to ₹0.04 crore in Q1 FY23, down 50% from ₹0.08 crore in the March 2022 quarter. Profit after tax (PAT) was flat at zero for both periods, resulting in a net profit margin of 0%.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin
| Metric | CurrentQ1 FY23 | PreviousQ4 FY22 |
|---|---|---|
| Period | Quarter ended June 2022 | Quarter ended March 2022 |
| Revenue (₹ Cr) | 0.04 | 0.08 |
| Profit (₹ Cr) | 0.0 | 0.0 |
| Net Profit Margin | 0.0% | 0.0% |
Beyond the quarterly earnings, the company's return on equity stands at -1.9%, reflecting challenges in generating shareholder returns from its equity base. However, it maintains a debt-free balance sheet with a debt-to-equity ratio of 0.0 and a current ratio of 2.4, suggesting adequate short-term liquidity.
The coming quarters will be crucial for Focus Industrial to demonstrate a turnaround in its core lending and investment activities to revive revenue growth.
Live Chart
· FOCUS INDS RSRCS
(BSE)
ISIN: INE603E01023
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.