Share the post "Vardhman Polytex : Q4 2024 Financial Quarterly Report : YoY Sales Down 54.83 %, QoQ Up 21.16 %"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -54.83 % over the year, substantial increase in net sales/revenue by 21.16 %.
- 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 86.01 %. Marginal increase in other income during this quarter, up by 57.49%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Vardhman Polytex Ltd.,. Profit dropped by -111.99 % Year to Year, Vardhman Polytex Ltd.,’s profitability dropped by -82.19 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -110.73 % Year to Year. EPS decreased by -82.96 % 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. 163.14 Cr | Rs. 60.814 Cr | Rs. 73.685 Cr | + 21.16 % | -54.83 % |
| Expenses | Rs. 178.39 Cr | Rs. 33.18 Cr | Rs. 74.65 Cr | + 124.98 % | -58.15 % |
| Operating Profit | Rs. -15.25 Cr | Rs. 27.63 Cr | Rs. -0.97 Cr | -103.51 % | + 93.64 % |
| OPM % | -9.35 % | 45.43 % | -1.32 % | -46.75 % | + 8.03 % |
| Other Income | Rs. 2.43 Cr | Rs. 2.87 Cr | Rs. 4.52 Cr | + 57.49 % | + 86.01 % |
| Interest | Rs. 12.69 Cr | Rs. 22.58 Cr | Rs. 0.14 Cr | -99.38 % | -98.9 % |
| Depreciation | Rs. 2.9 Cr | Rs. 2.62 Cr | Rs. 2.47 Cr | -5.73 % | -14.83 % |
| Profit before tax | Rs. -28.41 Cr | Rs. 5.3 Cr | Rs. 0.94 Cr | -82.26 % | + 103.31 % |
| Tax % | -0 % | 0 % | 0 % | 0 % | 0 % |
| Net Profit | Rs. -7.89 Cr | Rs. 5.31 Cr | Rs. 0.95 Cr | -82.11 % | + 112.04 % |
| EPS in Rs | Rs. -3.54 | Rs. 1.7 | Rs. 0.29 | -82.94 % | + 108.19 % |
Today, we’re looking at Vardhman Polytex Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -54.83 %. However, it did see a marginal increase of 21.16 % from the previous quarter. Expenses ticked up slightly by 124.98 % quarter-on-quarter, aligning with the annual decline of -58.15 %. Operating profit, while up 93.64 % compared to last year, faced a quarter-on-quarter dip of -103.51 %, 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 8.03 %, but a shrinkage of -46.75 % sequentially. Other income rose by 57.49 % compared to the last quarter, despite an annual growth of 86.01 %. Interest expenses dropped significantly by -99.38 % from the previous quarter, yet the year-over-year decrease remains at a moderate -98.9 %. Depreciation costs fell by -5.73 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -14.83 %. Profit before tax grew annually by 103.31 % but saw a reduction from the preceding quarter by -82.26 %.
Net profit rose by 112.04 % year-on-year but witnessed a -82.11 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 108.19 % but a quarterly fall of -82.94 %. In summary, Vardhman Polytex 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. 163.14 Cr | Rs. 60.814 Cr | Rs. 73.685 Cr | + 21.16 % | -54.83 % |
| Expenses | Rs. 178.39 Cr | Rs. 33.18 Cr | Rs. 74.65 Cr | + 124.98 % | -58.15 % |
| Operating Profit | Rs. -15.25 Cr | Rs. 27.63 Cr | Rs. -0.97 Cr | -103.51 % | + 93.64 % |
| Net Profit | Rs. -7.89 Cr | Rs. 5.31 Cr | Rs. 0.95 Cr | -82.11 % | + 112.04 % |
| EPS in Rs | Rs. -3.54 | Rs. 1.7 | Rs. 0.29 | -82.94 % | + 108.19 % |
In reviewing Vardhman Polytex Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -54.83 % year-on-year, however, there was a minor increase of 21.16 % from the previous quarter. Expenses decreased by -58.15 % compared to the previous year, with a 124.98 % increase quarter-on-quarter. Operating Profit surged by 93.64 % annually, and saw a -103.51 % decrease from the last quarter.
Net Profit showed yearly increase of 112.04 %, and experienced a -82.11 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 108.19 % annually, however dipped by -82.94 % compared to the last quarter. In essence, while Vardhman Polytex 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.
