Share the post "Vidli Restaurants Reports Q1: Revenue Up by 23.37% Year-on-Year"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 23.37 % in the past year, decrease in net sales/revenue by -0.34 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -54.91 %, Marginal decrease of -60.08% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Vidli Restaurants Limited. Profit dropped by -72.39 % Year to Year, Vidli Restaurants Limited’s profitability increased by 129.33 % in this quarter.
- EPS over the Year and quarter: EPS declined by -73.58 % Year to Year. EPS increased by 100 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 6.905 Cr | Rs. 8.548 Cr | Rs. 8.519 Cr | -0.34 % | + 23.37 % |
Expenses | Rs. 5.83 Cr | Rs. 7.54 Cr | Rs. 6.97 Cr | -7.56 % | + 19.55 % |
Operating Profit | Rs. 1.08 Cr | Rs. 1.01 Cr | Rs. 1.55 Cr | + 53.47 % | + 43.52 % |
OPM % | 15.64 % | 11.82 % | 18.19 % | + 6.37 % | + 2.55 % |
Other Income | Rs. 0.224 Cr | Rs. 0.253 Cr | Rs. 0.101 Cr | -60.08 % | -54.91 % |
Interest | Rs. 0.16 Cr | Rs. 0.26 Cr | Rs. 0.48 Cr | + 84.62 % | + 200 % |
Depreciation | Rs. 0.3 Cr | Rs. 0.73 Cr | Rs. 0.94 Cr | + 28.77 % | + 213.33 % |
Profit before tax | Rs. 0.84 Cr | Rs. 0.27 Cr | Rs. 0.23 Cr | -14.81 % | -72.62 % |
Tax % | 25.92 % | 72.01 % | 26.18 % | -45.83 % | + 0.26 % |
Net Profit | Rs. 0.62 Cr | Rs. 0.08 Cr | Rs. 0.17 Cr | + 112.5 % | -72.58 % |
EPS in Rs | Rs. 0.53 | Rs. 0.06 | Rs. 0.14 | + 133.33 % | -73.58 % |
Today, we’re looking at Vidli Restaurants 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 23.37 %. However, it did see a marginal slip of -0.34 % from the previous quarter. Expenses decreased slightly by -7.56 % quarter-on-quarter, aligning with the annual rise of 19.55 %. Operating profit, while up 43.52 % compared to last year, faced a quarter-on-quarter increase of 53.47 %, 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 2.55 %, but an expansion of 6.37 % sequentially. Other income fell by -60.08 % compared to the last quarter, despite an annual decline of -54.91 %. Interest expenses surged remarkably by 84.62 % from the previous quarter, yet the year-over-year increase remains at a moderate 200 %. Depreciation costs climbed by 28.77 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 213.33 %. Profit before tax declined annually by -72.62 % but saw a reduction from the preceding quarter by -14.81 %.
Tax expenses as a percentage of profits increased slightly by 0.26 % compared to last year, with a more notable quarter-on-quarter decrease of -45.83 %. Net profit fell by -72.58 % year-on-year but experienced a 112.5 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -73.58 % but a quarterly rise of 133.33 %. In summary, Vidli Restaurants 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. 6.905 Cr | Rs. 8.548 Cr | Rs. 8.519 Cr | -0.34 % | + 23.37 % |
Expenses | Rs. 5.83 Cr | Rs. 7.54 Cr | Rs. 6.97 Cr | -7.56 % | + 19.55 % |
Operating Profit | Rs. 1.08 Cr | Rs. 1.01 Cr | Rs. 1.55 Cr | + 53.47 % | + 43.52 % |
Net Profit | Rs. 0.62 Cr | Rs. 0.08 Cr | Rs. 0.17 Cr | + 112.5 % | -72.58 % |
EPS in Rs | Rs. 0.53 | Rs. 0.06 | Rs. 0.14 | + 133.33 % | -73.58 % |
In reviewing Vidli Restaurants Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 23.37 % year-on-year growth, although there was a slight dip of -0.34 % from the previous quarter. Expenses rose by 19.55 % compared to the previous year, with a decrease of -7.56 % quarter-on-quarter. Operating Profit surged by 43.52 % annually, and saw a 53.47 % increase from the last quarter.
Net Profit showed yearly decrease of -72.58 %, and experienced a 112.5 % increase from the previous quarter. Earnings Per Share (EPS) fell by -73.58 % annually, however rose by 133.33 % compared to the last quarter. In essence, while Vidli Restaurants Limited 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.
[my_shortcode1]