Share the post "Vijay Solvex announces Q1 results: Profit Rises by 16.97% YoY"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -13.1 % over the year, decrease in net sales/revenue by -6.59 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -44.07 %, Marginal decrease of -15.22% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Vijay Solvex Ltd.. Notable increase of 16.99 % in net profit Year to Year, Vijay Solvex Ltd.’s profitability dropped by -71.89 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 16.89 % Year to Year. EPS decreased by -71.9 % 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. 435.333 Cr | Rs. 404.969 Cr | Rs. 378.294 Cr | -6.59 % | -13.1 % |
| Expenses | Rs. 433.84 Cr | Rs. 397.6 Cr | Rs. 376.92 Cr | -5.2 % | -13.12 % |
| Operating Profit | Rs. 1.49 Cr | Rs. 7.37 Cr | Rs. 1.37 Cr | -81.41 % | -8.05 % |
| OPM % | 0.34 % | 1.82 % | 0.36 % | -1.46 % | + 0.02 % |
| Other Income | Rs. 1.046 Cr | Rs. 0.69 Cr | Rs. 0.585 Cr | -15.22 % | -44.07 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0.06 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.56 Cr | Rs. 0.69 Cr | Rs. 0.61 Cr | -11.59 % | + 8.93 % |
| Profit before tax | Rs. 1.98 Cr | Rs. 7.37 Cr | Rs. 1.29 Cr | -82.5 % | -34.85 % |
| Tax % | 27.48 % | 9.29 % | 25.75 % | + 16.46 % | -1.73 % |
| Net Profit | Rs. 1.65 Cr | Rs. 6.86 Cr | Rs. 1.93 Cr | -71.87 % | + 16.97 % |
| EPS in Rs | Rs. 5.15 | Rs. 21.42 | Rs. 6.02 | -71.9 % | + 16.89 % |
Today, we’re looking at Vijay Solvex Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -13.1 %. However, it did see a marginal slip of -6.59 % from the previous quarter. Expenses decreased slightly by -5.2 % quarter-on-quarter, aligning with the annual decline of -13.12 %. Operating profit, while down -8.05 % compared to last year, faced a quarter-on-quarter dip of -81.41 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.02 %, but a shrinkage of -1.46 % sequentially. Other income fell by -15.22 % compared to the last quarter, despite an annual decline of -44.07 %. Depreciation costs fell by -11.59 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 8.93 %. Profit before tax declined annually by -34.85 % but saw a reduction from the preceding quarter by -82.5 %.
Tax expenses as a percentage of profits decreased slightly by -1.73 % compared to last year, with a more notable quarter-on-quarter increase of 16.46 %. Net profit rose by 16.97 % year-on-year but witnessed a -71.87 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 16.89 % but a quarterly fall of -71.9 %. In summary, Vijay Solvex 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. 435.333 Cr | Rs. 404.969 Cr | Rs. 378.294 Cr | -6.59 % | -13.1 % |
| Expenses | Rs. 433.84 Cr | Rs. 397.6 Cr | Rs. 376.92 Cr | -5.2 % | -13.12 % |
| Operating Profit | Rs. 1.49 Cr | Rs. 7.37 Cr | Rs. 1.37 Cr | -81.41 % | -8.05 % |
| Net Profit | Rs. 1.65 Cr | Rs. 6.86 Cr | Rs. 1.93 Cr | -71.87 % | + 16.97 % |
| EPS in Rs | Rs. 5.15 | Rs. 21.42 | Rs. 6.02 | -71.9 % | + 16.89 % |
In reviewing Vijay Solvex Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -13.1 % year-on-year, although there was a slight dip of -6.59 % from the previous quarter. Expenses decreased by -13.12 % compared to the previous year, with a decrease of -5.2 % quarter-on-quarter. Operating Profit dropped by -8.05 % annually, and saw a -81.41 % decrease from the last quarter.
Net Profit showed yearly increase of 16.97 %, and experienced a -71.87 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 16.89 % annually, however dipped by -71.9 % compared to the last quarter. In essence, while Vijay Solvex 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.
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