Share the post "Wagend Infra Venture announces Q1 results: Profit Rises by 111.11% YoY"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- 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 2400 %. Marginal increase in other income during this quarter, up by 12.2%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Wagend Infra Venture Limited. Profit dropped by -107.45 % Year to Year, Wagend Infra Venture Limited’s profitability dropped by -103.33 % Quarter to Quarter.
- EPS over the Year and quarter: EPS decreased by -100 % 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. 0.062 Cr | Rs. 1.011 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.15 Cr | Rs. 1.29 Cr | Rs. 0.09 Cr | -93.02 % | -40 % |
| Operating Profit | Rs. -0.09 Cr | Rs. -0.28 Cr | Rs. -0.09 Cr | + 67.86 % | + 0 % |
| OPM % | -145.16 % | -27.7 % | 0 % | + 27.7 % | + 145.16 % |
| Other Income | Rs. -0.004 Cr | Rs. 0.082 Cr | Rs. 0.092 Cr | + 12.2 % | + 2400 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0.01 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. -0.09 Cr | Rs. -0.21 Cr | Rs. 0 Cr | 0 % | 0 % |
| Tax % | -0 % | -3.45 % | 0 % | + 3.45 % | 0 % |
| Net Profit | Rs. -0.09 Cr | Rs. -0.21 Cr | Rs. 0.01 Cr | + 104.76 % | + 111.11 % |
| EPS in Rs | Rs. -0.02 | Rs. -0.05 | Rs. 0 | 0 % | 0 % |
Today, we’re looking at Wagend Infra Venture Limited’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -93.02 % quarter-on-quarter, aligning with the annual decline of -40 %. Operating profit, while up 0 % compared to last year, faced a quarter-on-quarter increase of 67.86 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 145.16 %, but an expansion of 27.7 % sequentially. Other income rose by 12.2 % compared to the last quarter, despite an annual growth of 2400 %.
with a more notable quarter-on-quarter increase of 3.45 %. Net profit rose by 111.11 % year-on-year but experienced a 104.76 % expansion from the last quarter. In summary, Wagend Infra Venture 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. 0.062 Cr | Rs. 1.011 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.15 Cr | Rs. 1.29 Cr | Rs. 0.09 Cr | -93.02 % | -40 % |
| Operating Profit | Rs. -0.09 Cr | Rs. -0.28 Cr | Rs. -0.09 Cr | + 67.86 % | + 0 % |
| Net Profit | Rs. -0.09 Cr | Rs. -0.21 Cr | Rs. 0.01 Cr | + 104.76 % | + 111.11 % |
| EPS in Rs | Rs. -0.02 | Rs. -0.05 | Rs. 0 | 0 % | 0 % |
In reviewing Wagend Infra Venture Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses decreased by -40 % compared to the previous year, with a decrease of -93.02 % quarter-on-quarter. Operating Profit surged by 0 % annually, and saw a 67.86 % increase from the last quarter.
Net Profit showed yearly increase of 111.11 %, and experienced a 104.76 % increase from the previous quarter. In essence, while Wagend Infra Venture 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.
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