Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 2.47 % in the past year, substantial increase in net sales/revenue by 19.69 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -73.33 %, Marginal increase in other income during this quarter, up by 957.66%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Vascon Engineers Limited. Profit dropped by -66.1 % Year to Year, Vascon Engineers Limited’s profitability dropped by -9.38 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -66.67 % Year to Year. EPS decreased by -9.52 % 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. 327.34 Cr | Rs. 280.25 Cr | Rs. 335.42 Cr | + 19.69 % | + 2.47 % |
Expenses | Rs. 277.85 Cr | Rs. 253.29 Cr | Rs. 317.8 Cr | + 25.47 % | + 14.38 % |
Operating Profit | Rs. 49.49 Cr | Rs. 26.96 Cr | Rs. 17.62 Cr | -34.64 % | -64.4 % |
OPM % | 15.12 % | 9.62 % | 5.25 % | -4.37 % | -9.87 % |
Other Income | Rs. 54.34 Cr | Rs. 1.37 Cr | Rs. 14.49 Cr | + 957.66 % | -73.33 % |
Interest | Rs. 3.06 Cr | Rs. 4.73 Cr | Rs. 4.11 Cr | -13.11 % | + 34.31 % |
Depreciation | Rs. 3.29 Cr | Rs. 3.72 Cr | Rs. 3.89 Cr | + 4.57 % | + 18.24 % |
Profit before tax | Rs. 97.48 Cr | Rs. 19.88 Cr | Rs. 24.11 Cr | + 21.28 % | -75.27 % |
Tax % | 4.18 % | 6.5 % | 30.19 % | + 23.69 % | + 26.01 % |
Net Profit | Rs. 49.61 Cr | Rs. 18.56 Cr | Rs. 16.82 Cr | -9.37 % | -66.1 % |
EPS in Rs | Rs. 2.28 | Rs. 0.84 | Rs. 0.76 | -9.52 % | -66.67 % |
Today, we’re looking at Vascon Engineers 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 2.47 %. However, it did see a marginal increase of 19.69 % from the previous quarter. Expenses ticked up slightly by 25.47 % quarter-on-quarter, aligning with the annual rise of 14.38 %. Operating profit, while down -64.4 % compared to last year, faced a quarter-on-quarter dip of -34.64 %, 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 -9.87 %, but a shrinkage of -4.37 % sequentially. Other income rose by 957.66 % compared to the last quarter, despite an annual decline of -73.33 %. Interest expenses dropped significantly by -13.11 % from the previous quarter, yet the year-over-year increase remains at a moderate 34.31 %. Depreciation costs climbed by 4.57 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 18.24 %. Profit before tax declined annually by -75.27 % but saw an increase from the preceding quarter by 21.28 %.
Tax expenses as a percentage of profits increased slightly by 26.01 % compared to last year, with a more notable quarter-on-quarter increase of 23.69 %. Net profit fell by -66.1 % year-on-year but witnessed a -9.37 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -66.67 % but a quarterly fall of -9.52 %. In summary, Vascon Engineers 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. 327.34 Cr | Rs. 280.25 Cr | Rs. 335.42 Cr | + 19.69 % | + 2.47 % |
Expenses | Rs. 277.85 Cr | Rs. 253.29 Cr | Rs. 317.8 Cr | + 25.47 % | + 14.38 % |
Operating Profit | Rs. 49.49 Cr | Rs. 26.96 Cr | Rs. 17.62 Cr | -34.64 % | -64.4 % |
Net Profit | Rs. 49.61 Cr | Rs. 18.56 Cr | Rs. 16.82 Cr | -9.37 % | -66.1 % |
EPS in Rs | Rs. 2.28 | Rs. 0.84 | Rs. 0.76 | -9.52 % | -66.67 % |
In reviewing Vascon Engineers Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 2.47 % year-on-year growth, however, there was a minor increase of 19.69 % from the previous quarter. Expenses rose by 14.38 % compared to the previous year, with a 25.47 % increase quarter-on-quarter. Operating Profit dropped by -64.4 % annually, and saw a -34.64 % decrease from the last quarter.
Net Profit showed yearly decrease of -66.1 %, and experienced a -9.37 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -66.67 % annually, however dipped by -9.52 % compared to the last quarter. In essence, while Vascon Engineers Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.