Share the post "Betex India ‘s Q1 Financial results: Revenue Grows by 12.45% YoY"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 12.45 % in the past year, substantial increase in net sales/revenue by 6.58 %.
- 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 975 %. Marginal decrease of -77.13% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Betex India Ltd.,. Notable increase of 3.32 % in net profit Year to Year, Betex India Ltd.,’s profitability dropped by -70.31 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 3.45 % Year to Year. EPS decreased by -70.3 % 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. 20.352 Cr | Rs. 21.472 Cr | Rs. 22.885 Cr | + 6.58 % | + 12.45 % |
Expenses | Rs. 18.95 Cr | Rs. 19.13 Cr | Rs. 22.12 Cr | + 15.63 % | + 16.73 % |
Operating Profit | Rs. 1.4 Cr | Rs. 2.34 Cr | Rs. 0.76 Cr | -67.52 % | -45.71 % |
OPM % | 6.88 % | 10.9 % | 3.32 % | -7.58 % | -3.56 % |
Other Income | Rs. 0.004 Cr | Rs. 0.188 Cr | Rs. 0.043 Cr | -77.13 % | + 975 % |
Interest | Rs. 0.39 Cr | Rs. 0.6 Cr | Rs. 0.03 Cr | -95 % | -92.31 % |
Depreciation | Rs. 0.26 Cr | Rs. 0.21 Cr | Rs. 0.23 Cr | + 9.52 % | -11.54 % |
Profit before tax | Rs. 0.75 Cr | Rs. 1.72 Cr | Rs. 0.54 Cr | -68.6 % | -28 % |
Tax % | 48.35 % | 20.71 % | 26.41 % | + 5.7 % | -21.94 % |
Net Profit | Rs. 0.39 Cr | Rs. 1.36 Cr | Rs. 0.41 Cr | -69.85 % | + 5.13 % |
EPS in Rs | Rs. 2.61 | Rs. 9.09 | Rs. 2.7 | -70.3 % | + 3.45 % |
Today, we’re looking at Betex India Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 12.45 %. However, it did see a marginal increase of 6.58 % from the previous quarter. Expenses ticked up slightly by 15.63 % quarter-on-quarter, aligning with the annual rise of 16.73 %. Operating profit, while down -45.71 % compared to last year, faced a quarter-on-quarter dip of -67.52 %, 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 -3.56 %, but a shrinkage of -7.58 % sequentially. Other income fell by -77.13 % compared to the last quarter, despite an annual growth of 975 %. Interest expenses dropped significantly by -95 % from the previous quarter, yet the year-over-year decrease remains at a moderate -92.31 %. Depreciation costs climbed by 9.52 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -11.54 %. Profit before tax declined annually by -28 % but saw a reduction from the preceding quarter by -68.6 %.
Tax expenses as a percentage of profits decreased slightly by -21.94 % compared to last year, with a more notable quarter-on-quarter increase of 5.7 %. Net profit rose by 5.13 % year-on-year but witnessed a -69.85 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 3.45 % but a quarterly fall of -70.3 %. In summary, Betex India 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. 20.352 Cr | Rs. 21.472 Cr | Rs. 22.885 Cr | + 6.58 % | + 12.45 % |
Expenses | Rs. 18.95 Cr | Rs. 19.13 Cr | Rs. 22.12 Cr | + 15.63 % | + 16.73 % |
Operating Profit | Rs. 1.4 Cr | Rs. 2.34 Cr | Rs. 0.76 Cr | -67.52 % | -45.71 % |
Net Profit | Rs. 0.39 Cr | Rs. 1.36 Cr | Rs. 0.41 Cr | -69.85 % | + 5.13 % |
EPS in Rs | Rs. 2.61 | Rs. 9.09 | Rs. 2.7 | -70.3 % | + 3.45 % |
In reviewing Betex India Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 12.45 % year-on-year growth, however, there was a minor increase of 6.58 % from the previous quarter. Expenses rose by 16.73 % compared to the previous year, with a 15.63 % increase quarter-on-quarter. Operating Profit dropped by -45.71 % annually, and saw a -67.52 % decrease from the last quarter.
Net Profit showed yearly increase of 5.13 %, and experienced a -69.85 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 3.45 % annually, however dipped by -70.3 % compared to the last quarter. In essence, while Betex India 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.
17
3-Year Profit
28
5-Year Profit
10
10-Year Profit
235
Current Price
35.2
Market Cap
In analyzing the financial results for the company marked by BSE code 512477, a clear trend emerges. Over a five-year span, the company reported a profit of 28 units, which increased to 17 units in the most recent three-year period, suggesting a strong performance in the early stages of this timeframe. However, this success has been overshadowed by a trailing twelve-month (TTM) loss of -4 units, signaling significant recent challenges. Compounding this issue is the fact that the company has not reported any sales during any of the timeframes analyzed, raising important questions about its operational model and the sustainability of its current strategies. Investors have been equally wary, as reflected in the stock price performance. The company’s stock traded at 86 units over the past five years but has recently decreased to 197 units, indicating a loss of market confidence. Over the last decade, the stock price was at 0 units, pointing to longer-term concerns that could affect the company's future prospects.
Currently valued at ₹35.2 crore, the company's stock price stands at ₹235. Over the years, it has seen significant fluctuations, with its price ranging from ₹353 / 121, a reflection of its sensitivity to market conditions and investor sentiment. The stock's Price-to-Earnings (P/E) ratio, currently at 10.6, suggests that it is highly valued in comparison to its earnings, possibly indicating strong future growth expectations or a high level of investor confidence. The book value per share is ₹214, which represents the net asset value of the company per share. The dividend yield of 0.00% provides some return to investors, though it may not be the primary attraction for those investing in the stock. The company's Return on Capital Employed (ROCE) is 17.3%, pointing to efficient use of its capital base to generate profits. The Return on Equity (ROE), at 11.0%, highlights the profitability for shareholders. The company's financial health is further underscored by its very low debt-to-equity ratio of 0.11, signaling conservative financial management. However, the net cash flow is negative at ₹6.92 crore, indicating possible liquidity concerns or heavy investment. The Piotroski score of 5.00 provides a snapshot of its financial stability, while the Graham Number, estimated at ₹327, offers an intrinsic value benchmark. With a Price-to-Book (P/B) ratio of 1.09, the stock seems to be trading at a premium relative to its book value, which could signal strong market expectations or overvaluation risks.