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Key points from the report of PJSC Carsharing of Russia (Delimobil) on financial results for January-September 2024 that investors should pay attention to:
Revenue: For 9 months of 2024, revenue amounted to RUB 17,443,702 thousand, which is significantly higher compared to the same period last year (RUB 12,341,742 thousand). This indicates an increase in demand and activity in the business.
Cost of sales: Increased to RUB 14,224,244 thousand from RUB 9,300,564 thousand last year, which indicates an increase in costs associated with an increase in sales volumes and operating expenses.
Gross profit: Amounted to RUB 3,219,558 thousand against RUB 3,041,178 thousand. year-on-year, showing growth, but insignificant compared to revenue growth, indicating pressure on margins.
Selling and administrative expenses: Increased significantly to RUB 1,152,516 thousand (from RUB 707,330 thousand last year), which may indicate an increase in promotion and administration costs, possibly due to business expansion.
Sales profit: Increased to RUB 2,067,042 thousand compared to RUB 1,868,478 thousand last year, which has a positive impact on the company's operating results.
Net profit: Amounted to RUB 130,560 thousand, which is significantly lower than the profit of the previous year (RUB 1,063,274 thousand). This significant decrease may raise questions among investors regarding the factors that led to the decrease in net profit.
Comprehensive financial result: Decrease to RUB 130,560 thousand. from RUB 1,063,274 thousand last year may indicate difficulties in maintaining profitability against the backdrop of rising operating and management expenses.
What investors should pay attention to:
A decrease in net income with revenue growth is a signal that the company is facing pressure on margins and rising operating costs.
Rising commercial and administrative expenses may be related to business expansion, but require control to maintain profitability.
A positive trend in revenue indicates growing demand, which is a positive factor if the company can improve operational efficiency.
Investors should consider whether the company can stabilize costs and restore net income levels with continued revenue growth.
IS NOT AN INDIVIDUAL INVESTMENT ADVICE!
