Share the post "Betex India ‘s Q1 Financial results: Revenue Grows by 12.45% YoY"
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 12.45 % in the past year, substantial increase in net sales/revenue by 6.58 %.
- 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 975 %. Marginal decrease of -77.13% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Betex India Ltd.,. Notable increase of 3.32 % in net profit Year to Year, Betex India Ltd.,’s profitability dropped by -70.31 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 3.45 % Year to Year. EPS decreased by -70.3 % 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. 20.352 Cr | Rs. 21.472 Cr | Rs. 22.885 Cr | + 6.58 % | + 12.45 % |
| Expenses | Rs. 18.95 Cr | Rs. 19.13 Cr | Rs. 22.12 Cr | + 15.63 % | + 16.73 % |
| Operating Profit | Rs. 1.4 Cr | Rs. 2.34 Cr | Rs. 0.76 Cr | -67.52 % | -45.71 % |
| OPM % | 6.88 % | 10.9 % | 3.32 % | -7.58 % | -3.56 % |
| Other Income | Rs. 0.004 Cr | Rs. 0.188 Cr | Rs. 0.043 Cr | -77.13 % | + 975 % |
| Interest | Rs. 0.39 Cr | Rs. 0.6 Cr | Rs. 0.03 Cr | -95 % | -92.31 % |
| Depreciation | Rs. 0.26 Cr | Rs. 0.21 Cr | Rs. 0.23 Cr | + 9.52 % | -11.54 % |
| Profit before tax | Rs. 0.75 Cr | Rs. 1.72 Cr | Rs. 0.54 Cr | -68.6 % | -28 % |
| Tax % | 48.35 % | 20.71 % | 26.41 % | + 5.7 % | -21.94 % |
| Net Profit | Rs. 0.39 Cr | Rs. 1.36 Cr | Rs. 0.41 Cr | -69.85 % | + 5.13 % |
| EPS in Rs | Rs. 2.61 | Rs. 9.09 | Rs. 2.7 | -70.3 % | + 3.45 % |
Today, we’re looking at Betex India 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 12.45 %. However, it did see a marginal increase of 6.58 % from the previous quarter. Expenses ticked up slightly by 15.63 % quarter-on-quarter, aligning with the annual rise of 16.73 %. Operating profit, while down -45.71 % compared to last year, faced a quarter-on-quarter dip of -67.52 %, 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 -3.56 %, but a shrinkage of -7.58 % sequentially. Other income fell by -77.13 % compared to the last quarter, despite an annual growth of 975 %. Interest expenses dropped significantly by -95 % from the previous quarter, yet the year-over-year decrease remains at a moderate -92.31 %. Depreciation costs climbed by 9.52 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -11.54 %. Profit before tax declined annually by -28 % but saw a reduction from the preceding quarter by -68.6 %.
Tax expenses as a percentage of profits decreased slightly by -21.94 % compared to last year, with a more notable quarter-on-quarter increase of 5.7 %. Net profit rose by 5.13 % year-on-year but witnessed a -69.85 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 3.45 % but a quarterly fall of -70.3 %. In summary, Betex India 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. 20.352 Cr | Rs. 21.472 Cr | Rs. 22.885 Cr | + 6.58 % | + 12.45 % |
| Expenses | Rs. 18.95 Cr | Rs. 19.13 Cr | Rs. 22.12 Cr | + 15.63 % | + 16.73 % |
| Operating Profit | Rs. 1.4 Cr | Rs. 2.34 Cr | Rs. 0.76 Cr | -67.52 % | -45.71 % |
| Net Profit | Rs. 0.39 Cr | Rs. 1.36 Cr | Rs. 0.41 Cr | -69.85 % | + 5.13 % |
| EPS in Rs | Rs. 2.61 | Rs. 9.09 | Rs. 2.7 | -70.3 % | + 3.45 % |
In reviewing Betex India Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 12.45 % year-on-year growth, however, there was a minor increase of 6.58 % from the previous quarter. Expenses rose by 16.73 % compared to the previous year, with a 15.63 % increase quarter-on-quarter. Operating Profit dropped by -45.71 % annually, and saw a -67.52 % decrease from the last quarter.
Net Profit showed yearly increase of 5.13 %, and experienced a -69.85 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 3.45 % annually, however dipped by -70.3 % compared to the last quarter. In essence, while Betex India Ltd., exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
17
3-Year Profit
28
5-Year Profit
10
10-Year Profit
235
Current Price
35.2
Market Cap
For the company identified by BSE code 512477, the financial performance highlights a solid five-year profit of 28 units. This figure escalates to 17 units over the three-year period, pointing to positive momentum in its earnings. Despite these encouraging trends, the trailing twelve-month (TTM) figures uncover an alarming profit loss of -4 units. This decline, coupled with the fact that the company recorded zero sales across all periods examined, raises red flags about the sustainability of its business model and its ability to generate consistent revenue. Furthermore, the stock price fluctuations during this period further reflect the company's uncertain position. The stock started at 86 units but has since plummeted to 197 units recently, painting a picture of rapid decline. Over a longer ten-year horizon, the stock price stood at 0 units, further underscoring the long-term challenges the company faces in maintaining investor confidence and market value.
The company has a market capitalization of ₹35.2 crore and is currently trading at ₹235 per share. Historically, the stock has fluctuated within a range of ₹353 / 121, reflecting both the opportunities and risks that investors perceive in the company. The P/E ratio, at 10.6, is relatively high, suggesting that the market has priced in substantial future growth or is willing to pay a premium for the company’s current earnings. The book value per share stands at ₹214, which reflects the net asset value of the company divided by the number of outstanding shares. The dividend yield is 0.00%, providing shareholders with a consistent return on their investment. ROCE is 17.3%, indicating how well the company is using its capital to generate profits, while ROE at 11.0% highlights the returns generated from shareholders' equity. The debt-to-equity ratio is 0.11, signaling low financial leverage, which is typically seen as a positive indicator of financial health. However, the company’s negative net cash flow of ₹6.92 crore might raise concerns about its cash generation capabilities or capital expenditures. With a Piotroski score of 5.00, the company's financial stability is evaluated on several factors. Finally, the Graham Number, at ₹327, provides an estimate of the stock’s intrinsic value, while the Price-to-Book (P/B) ratio of 1.09 highlights that the stock is trading at a premium to its book value, potentially reflecting positive market sentiment or overvaluation risks.
