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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 5.59 % in the past year, substantial increase in net sales/revenue by 8.93 %.
- 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 192.48 %. Marginal increase in other income during this quarter, up by 127.74%.
- Profit over the Year and quarter: Significant improvement in profitability for Vakrangee Limited. Notable increase of 352.43 % in net profit Year to Year, Vakrangee Limited’s profitability increased by 1.96 % in this quarter.
- EPS over the Year and quarter: EPS increased by 0 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 55.592 Cr | Rs. 53.891 Cr | Rs. 58.702 Cr | + 8.93 % | + 5.59 % |
| Expenses | Rs. 48.97 Cr | Rs. 46.28 Cr | Rs. 52.15 Cr | + 12.68 % | + 6.49 % |
| Operating Profit | Rs. 6.62 Cr | Rs. 7.61 Cr | Rs. 6.55 Cr | -13.93 % | -1.06 % |
| OPM % | 11.91 % | 14.12 % | 11.16 % | -2.96 % | -0.75 % |
| Other Income | Rs. 0.306 Cr | Rs. 0.393 Cr | Rs. 0.895 Cr | + 127.74 % | + 192.48 % |
| Interest | Rs. 1.99 Cr | Rs. 1.96 Cr | Rs. 0.45 Cr | -77.04 % | -77.39 % |
| Depreciation | Rs. 3.95 Cr | Rs. 3.85 Cr | Rs. 3.89 Cr | + 1.04 % | -1.52 % |
| Profit before tax | Rs. 0.99 Cr | Rs. 2.19 Cr | Rs. 3.11 Cr | + 42.01 % | + 214.14 % |
| Tax % | 50.2 % | 0.23 % | 28.05 % | + 27.82 % | -22.15 % |
| Net Profit | Rs. 0.49 Cr | Rs. 2.19 Cr | Rs. 2.24 Cr | + 2.28 % | + 357.14 % |
| EPS in Rs | Rs. 0 | Rs. 0.02 | Rs. 0.02 | + 0 % | 0 % |
Today, we’re looking at Vakrangee Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 5.59 %. However, it did see a marginal increase of 8.93 % from the previous quarter. Expenses ticked up slightly by 12.68 % quarter-on-quarter, aligning with the annual rise of 6.49 %. Operating profit, while down -1.06 % compared to last year, faced a quarter-on-quarter dip of -13.93 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.75 %, but a shrinkage of -2.96 % sequentially. Other income rose by 127.74 % compared to the last quarter, despite an annual growth of 192.48 %. Interest expenses dropped significantly by -77.04 % from the previous quarter, yet the year-over-year decrease remains at a moderate -77.39 %. Depreciation costs climbed by 1.04 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -1.52 %. Profit before tax grew annually by 214.14 % but saw an increase from the preceding quarter by 42.01 %.
Tax expenses as a percentage of profits decreased slightly by -22.15 % compared to last year, with a more notable quarter-on-quarter increase of 27.82 %. Net profit rose by 357.14 % year-on-year but experienced a 2.28 % expansion from the last quarter. but a quarterly rise of 0 %. In summary, Vakrangee Limited’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. 55.592 Cr | Rs. 53.891 Cr | Rs. 58.702 Cr | + 8.93 % | + 5.59 % |
| Expenses | Rs. 48.97 Cr | Rs. 46.28 Cr | Rs. 52.15 Cr | + 12.68 % | + 6.49 % |
| Operating Profit | Rs. 6.62 Cr | Rs. 7.61 Cr | Rs. 6.55 Cr | -13.93 % | -1.06 % |
| Net Profit | Rs. 0.49 Cr | Rs. 2.19 Cr | Rs. 2.24 Cr | + 2.28 % | + 357.14 % |
| EPS in Rs | Rs. 0 | Rs. 0.02 | Rs. 0.02 | + 0 % | 0 % |
In reviewing Vakrangee Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.59 % year-on-year growth, however, there was a minor increase of 8.93 % from the previous quarter. Expenses rose by 6.49 % compared to the previous year, with a 12.68 % increase quarter-on-quarter. Operating Profit dropped by -1.06 % annually, and saw a -13.93 % decrease from the last quarter.
Net Profit showed yearly increase of 357.14 %, and experienced a 2.28 % increase from the previous quarter. however rose by 0 % compared to the last quarter. In essence, while Vakrangee Limited exhibits strong annual growth 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.
