Share the post "Venus Pipes & Tubes Limited’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales increased by 27.13 % in YoY and increased by 8.2 % in QoQ"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 27.13 % in the past year, substantial increase in net sales/revenue by 8.2 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -74.07 %, Marginal decrease of -93% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Venus Pipes & Tubes Limited. Notable increase of 86.45 % in net profit Year to Year, Venus Pipes & Tubes Limited’s profitability increased by 7.58 % in this quarter.
- EPS over the Year and quarter: EPS increased by 79.62 % Year to Year. EPS increased by 7.59 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 176.28 Cr | Rs. 207.127 Cr | Rs. 224.104 Cr | + 8.2 % | + 27.13 % |
| Expenses | Rs. 154.7 Cr | Rs. 168.08 Cr | Rs. 179.08 Cr | + 6.54 % | + 15.76 % |
| Operating Profit | Rs. 21.58 Cr | Rs. 39.05 Cr | Rs. 45.02 Cr | + 15.29 % | + 108.62 % |
| OPM % | 12.24 % | 18.85 % | 20.09 % | + 1.24 % | + 7.85 % |
| Other Income | Rs. 0.54 Cr | Rs. 2 Cr | Rs. 0.14 Cr | -93 % | -74.07 % |
| Interest | Rs. 3.02 Cr | Rs. 6.2 Cr | Rs. 7.53 Cr | + 21.45 % | + 149.34 % |
| Depreciation | Rs. 0.6 Cr | Rs. 3.68 Cr | Rs. 3.83 Cr | + 4.08 % | + 538.33 % |
| Profit before tax | Rs. 18.5 Cr | Rs. 31.17 Cr | Rs. 33.8 Cr | + 8.44 % | + 82.7 % |
| Tax % | 27.43 % | 25.3 % | 25.94 % | + 0.64 % | -1.49 % |
| Net Profit | Rs. 13.43 Cr | Rs. 23.28 Cr | Rs. 25.04 Cr | + 7.56 % | + 86.45 % |
| EPS in Rs | Rs. 6.87 | Rs. 11.47 | Rs. 12.34 | + 7.59 % | + 79.62 % |
Today, we’re looking at Venus Pipes & Tubes Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 27.13 %. However, it did see a marginal increase of 8.2 % from the previous quarter. Expenses ticked up slightly by 6.54 % quarter-on-quarter, aligning with the annual rise of 15.76 %. Operating profit, while up 108.62 % compared to last year, faced a quarter-on-quarter increase of 15.29 %, 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 7.85 %, but an expansion of 1.24 % sequentially. Other income fell by -93 % compared to the last quarter, despite an annual decline of -74.07 %. Interest expenses surged remarkably by 21.45 % from the previous quarter, yet the year-over-year increase remains at a moderate 149.34 %. Depreciation costs climbed by 4.08 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 538.33 %. Profit before tax grew annually by 82.7 % but saw an increase from the preceding quarter by 8.44 %.
Tax expenses as a percentage of profits decreased slightly by -1.49 % compared to last year, with a more notable quarter-on-quarter increase of 0.64 %. Net profit rose by 86.45 % year-on-year but experienced a 7.56 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 79.62 % but a quarterly rise of 7.59 %. In summary, Venus Pipes & Tubes 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. 176.28 Cr | Rs. 207.127 Cr | Rs. 224.104 Cr | + 8.2 % | + 27.13 % |
| Expenses | Rs. 154.7 Cr | Rs. 168.08 Cr | Rs. 179.08 Cr | + 6.54 % | + 15.76 % |
| Operating Profit | Rs. 21.58 Cr | Rs. 39.05 Cr | Rs. 45.02 Cr | + 15.29 % | + 108.62 % |
| Net Profit | Rs. 13.43 Cr | Rs. 23.28 Cr | Rs. 25.04 Cr | + 7.56 % | + 86.45 % |
| EPS in Rs | Rs. 6.87 | Rs. 11.47 | Rs. 12.34 | + 7.59 % | + 79.62 % |
In reviewing Venus Pipes & Tubes Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 27.13 % year-on-year growth, however, there was a minor increase of 8.2 % from the previous quarter. Expenses rose by 15.76 % compared to the previous year, with a 6.54 % increase quarter-on-quarter. Operating Profit surged by 108.62 % annually, and saw a 15.29 % increase from the last quarter.
Net Profit showed yearly increase of 86.45 %, and experienced a 7.56 % increase from the previous quarter. Earnings Per Share (EPS) rose by 79.62 % annually, however rose by 7.59 % compared to the last quarter. In essence, while Venus Pipes & Tubes 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.
