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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -12.17 % over the year, decrease in net sales/revenue by -2.43 %.
- 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 43.23 %. Marginal decrease of -47.01% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Cg-Vak Software & Exports Ltd.. Profit dropped by -44.68 % Year to Year, Cg-Vak Software & Exports Ltd.’s profitability dropped by -2.35 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -44.64 % Year to Year. EPS decreased by -2.26 % 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. 20.759 Cr | Rs. 18.686 Cr | Rs. 18.232 Cr | -2.43 % | -12.17 % |
Expenses | Rs. 16.2 Cr | Rs. 16.21 Cr | Rs. 15.66 Cr | -3.39 % | -3.33 % |
Operating Profit | Rs. 4.56 Cr | Rs. 2.48 Cr | Rs. 2.57 Cr | + 3.63 % | -43.64 % |
OPM % | 21.97 % | 13.27 % | 14.1 % | + 0.83 % | -7.87 % |
Other Income | Rs. 0.229 Cr | Rs. 0.619 Cr | Rs. 0.328 Cr | -47.01 % | + 43.23 % |
Interest | Rs. 0.09 Cr | Rs. 0.14 Cr | Rs. 0.15 Cr | + 7.14 % | + 66.67 % |
Depreciation | Rs. 0.47 Cr | Rs. 0.41 Cr | Rs. 0.41 Cr | + 0 % | -12.77 % |
Profit before tax | Rs. 4.23 Cr | Rs. 2.55 Cr | Rs. 2.34 Cr | -8.24 % | -44.68 % |
Tax % | 25.31 % | 29.69 % | 25.47 % | -4.22 % | + 0.16 % |
Net Profit | Rs. 3.16 Cr | Rs. 1.79 Cr | Rs. 1.75 Cr | -2.23 % | -44.62 % |
EPS in Rs | Rs. 6.25 | Rs. 3.54 | Rs. 3.46 | -2.26 % | -44.64 % |
Today, we’re looking at Cg-Vak Software & Exports Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -12.17 %. However, it did see a marginal slip of -2.43 % from the previous quarter. Expenses decreased slightly by -3.39 % quarter-on-quarter, aligning with the annual decline of -3.33 %. Operating profit, while down -43.64 % compared to last year, faced a quarter-on-quarter increase of 3.63 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -7.87 %, but an expansion of 0.83 % sequentially. Other income fell by -47.01 % compared to the last quarter, despite an annual growth of 43.23 %. Interest expenses surged remarkably by 7.14 % from the previous quarter, yet the year-over-year increase remains at a moderate 66.67 %. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -12.77 %. Profit before tax declined annually by -44.68 % but saw a reduction from the preceding quarter by -8.24 %.
Tax expenses as a percentage of profits increased slightly by 0.16 % compared to last year, with a more notable quarter-on-quarter decrease of -4.22 %. Net profit fell by -44.62 % year-on-year but witnessed a -2.23 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -44.64 % but a quarterly fall of -2.26 %. In summary, Cg-Vak Software & Exports 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. 20.759 Cr | Rs. 18.686 Cr | Rs. 18.232 Cr | -2.43 % | -12.17 % |
Expenses | Rs. 16.2 Cr | Rs. 16.21 Cr | Rs. 15.66 Cr | -3.39 % | -3.33 % |
Operating Profit | Rs. 4.56 Cr | Rs. 2.48 Cr | Rs. 2.57 Cr | + 3.63 % | -43.64 % |
Net Profit | Rs. 3.16 Cr | Rs. 1.79 Cr | Rs. 1.75 Cr | -2.23 % | -44.62 % |
EPS in Rs | Rs. 6.25 | Rs. 3.54 | Rs. 3.46 | -2.26 % | -44.64 % |
In reviewing Cg-Vak Software & Exports Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -12.17 % year-on-year, although there was a slight dip of -2.43 % from the previous quarter. Expenses decreased by -3.33 % compared to the previous year, with a decrease of -3.39 % quarter-on-quarter. Operating Profit dropped by -43.64 % annually, and saw a 3.63 % increase from the last quarter.
Net Profit showed yearly decrease of -44.62 %, and experienced a -2.23 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -44.64 % annually, however dipped by -2.26 % compared to the last quarter. In essence, while Cg-Vak Software & Exports Ltd. 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.