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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 26.57 % in the past year, substantial increase in net sales/revenue by 0.12 %.
- 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 12.15 %. Marginal decrease of -21.32% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Uravi T and Wedge Lamps Limited. Profit dropped by -28.06 % Year to Year, Uravi T and Wedge Lamps Limited’s profitability dropped by -19.49 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -26.79 % Year to Year. EPS decreased by -18 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 8.764 Cr | Rs. 11.08 Cr | Rs. 11.093 Cr | + 0.12 % | + 26.57 % |
| Expenses | Rs. 7.31 Cr | Rs. 9.41 Cr | Rs. 9.49 Cr | + 0.85 % | + 29.82 % |
| Operating Profit | Rs. 1.45 Cr | Rs. 1.67 Cr | Rs. 1.6 Cr | -4.19 % | + 10.34 % |
| OPM % | 16.54 % | 15.07 % | 14.42 % | -0.65 % | -2.12 % |
| Other Income | Rs. 0.181 Cr | Rs. 0.258 Cr | Rs. 0.203 Cr | -21.32 % | + 12.15 % |
| Interest | Rs. 0.54 Cr | Rs. 0.57 Cr | Rs. 0.56 Cr | -1.75 % | + 3.7 % |
| Depreciation | Rs. 0.57 Cr | Rs. 0.62 Cr | Rs. 0.6 Cr | -3.23 % | + 5.26 % |
| Profit before tax | Rs. 0.52 Cr | Rs. 0.74 Cr | Rs. 0.64 Cr | -13.51 % | + 23.08 % |
| Tax % | 16.98 % | 25.44 % | 31.28 % | + 5.84 % | + 14.3 % |
| Net Profit | Rs. 0.62 Cr | Rs. 0.55 Cr | Rs. 0.45 Cr | -18.18 % | -27.42 % |
| EPS in Rs | Rs. 0.56 | Rs. 0.5 | Rs. 0.39 | -22 % | -30.36 % |
Today, we’re looking at Uravi T and Wedge Lamps 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 26.57 %. However, it did see a marginal increase of 0.12 % from the previous quarter. Expenses ticked up slightly by 0.85 % quarter-on-quarter, aligning with the annual rise of 29.82 %. Operating profit, while up 10.34 % compared to last year, faced a quarter-on-quarter dip of -4.19 %, 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 -2.12 %, but a shrinkage of -0.65 % sequentially. Other income fell by -21.32 % compared to the last quarter, despite an annual growth of 12.15 %. Interest expenses dropped significantly by -1.75 % from the previous quarter, yet the year-over-year increase remains at a moderate 3.7 %. Depreciation costs fell by -3.23 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 5.26 %. Profit before tax grew annually by 23.08 % but saw a reduction from the preceding quarter by -13.51 %.
Tax expenses as a percentage of profits increased slightly by 14.3 % compared to last year, with a more notable quarter-on-quarter increase of 5.84 %. Net profit fell by -27.42 % year-on-year but witnessed a -18.18 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -30.36 % but a quarterly fall of -22 %. In summary, Uravi T and Wedge Lamps 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. 8.764 Cr | Rs. 11.08 Cr | Rs. 11.093 Cr | + 0.12 % | + 26.57 % |
| Expenses | Rs. 7.31 Cr | Rs. 9.41 Cr | Rs. 9.49 Cr | + 0.85 % | + 29.82 % |
| Operating Profit | Rs. 1.45 Cr | Rs. 1.67 Cr | Rs. 1.6 Cr | -4.19 % | + 10.34 % |
| Net Profit | Rs. 0.62 Cr | Rs. 0.55 Cr | Rs. 0.45 Cr | -18.18 % | -27.42 % |
| EPS in Rs | Rs. 0.56 | Rs. 0.5 | Rs. 0.39 | -22 % | -30.36 % |
In reviewing Uravi T and Wedge Lamps Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 26.57 % year-on-year growth, however, there was a minor increase of 0.12 % from the previous quarter. Expenses rose by 29.82 % compared to the previous year, with a 0.85 % increase quarter-on-quarter. Operating Profit surged by 10.34 % annually, and saw a -4.19 % decrease from the last quarter.
Net Profit showed yearly decrease of -27.42 %, and experienced a -18.18 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -30.36 % annually, however dipped by -22 % compared to the last quarter. In essence, while Uravi T and Wedge Lamps Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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