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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 79.38 % in the past year, substantial increase in net sales/revenue by 56.27 %.
- 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 133.78 %. Marginal decrease of -37.77% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Swasti Vinayaka Art And Heritage Corporation Ltd. Profit dropped by -77.58 % Year to Year, Swasti Vinayaka Art And Heritage Corporation Ltd’s profitability increased by 475 % in this quarter.
- EPS over the Year and quarter: EPS declined by -83.33 % Year to Year.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 2.895 Cr | Rs. 3.323 Cr | Rs. 5.193 Cr | + 56.27 % | + 79.38 % |
| Expenses | Rs. 2.02 Cr | Rs. 2.85 Cr | Rs. 4.81 Cr | + 68.77 % | + 138.12 % |
| Operating Profit | Rs. 0.88 Cr | Rs. 0.47 Cr | Rs. 0.38 Cr | -19.15 % | -56.82 % |
| OPM % | 30.4 % | 14.14 % | 7.32 % | -6.82 % | -23.08 % |
| Other Income | Rs. 0.074 Cr | Rs. 0.278 Cr | Rs. 0.173 Cr | -37.77 % | + 133.78 % |
| Interest | Rs. 0.24 Cr | Rs. 0.66 Cr | Rs. 0.38 Cr | -42.42 % | + 58.33 % |
| Depreciation | Rs. 0.03 Cr | Rs. 0.03 Cr | Rs. 0.03 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. 0.68 Cr | Rs. 0.06 Cr | Rs. 0.14 Cr | + 133.33 % | -79.41 % |
| Tax % | 24.34 % | 65.52 % | 22.45 % | -43.07 % | -1.89 % |
| Net Profit | Rs. 0.51 Cr | Rs. 0.02 Cr | Rs. 0.12 Cr | + 500 % | -76.47 % |
| EPS in Rs | Rs. 0.06 | Rs. 0 | Rs. 0.01 | 0 % | -83.33 % |
Today, we’re looking at Swasti Vinayaka Art And Heritage Corporation Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 79.38 %. However, it did see a marginal increase of 56.27 % from the previous quarter. Expenses ticked up slightly by 68.77 % quarter-on-quarter, aligning with the annual rise of 138.12 %. Operating profit, while down -56.82 % compared to last year, faced a quarter-on-quarter dip of -19.15 %, 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 -23.08 %, but a shrinkage of -6.82 % sequentially. Other income fell by -37.77 % compared to the last quarter, despite an annual growth of 133.78 %. Interest expenses dropped significantly by -42.42 % from the previous quarter, yet the year-over-year increase remains at a moderate 58.33 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -79.41 % but saw an increase from the preceding quarter by 133.33 %.
Tax expenses as a percentage of profits decreased slightly by -1.89 % compared to last year, with a more notable quarter-on-quarter decrease of -43.07 %. Net profit fell by -76.47 % year-on-year but experienced a 500 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -83.33 % In summary, Swasti Vinayaka Art And Heritage Corporation Ltd’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. 2.895 Cr | Rs. 3.323 Cr | Rs. 5.193 Cr | + 56.27 % | + 79.38 % |
| Expenses | Rs. 2.02 Cr | Rs. 2.85 Cr | Rs. 4.81 Cr | + 68.77 % | + 138.12 % |
| Operating Profit | Rs. 0.88 Cr | Rs. 0.47 Cr | Rs. 0.38 Cr | -19.15 % | -56.82 % |
| Net Profit | Rs. 0.51 Cr | Rs. 0.02 Cr | Rs. 0.12 Cr | + 500 % | -76.47 % |
| EPS in Rs | Rs. 0.06 | Rs. 0 | Rs. 0.01 | 0 % | -83.33 % |
In reviewing Swasti Vinayaka Art And Heritage Corporation Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 79.38 % year-on-year growth, however, there was a minor increase of 56.27 % from the previous quarter. Expenses rose by 138.12 % compared to the previous year, with a 68.77 % increase quarter-on-quarter. Operating Profit dropped by -56.82 % annually, and saw a -19.15 % decrease from the last quarter.
Net Profit showed yearly decrease of -76.47 %, and experienced a 500 % increase from the previous quarter. Earnings Per Share (EPS) fell by -83.33 % annually, In essence, while Swasti Vinayaka Art And Heritage Corporation Ltd faces strong annual decline 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.
