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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 62.97 % in the past year, substantial increase in net sales/revenue by 37.43 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -90.57 %, Marginal decrease of -96.35% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Swasti Vinayaka Synthetics Ltd.,. Notable increase of 26.19 % in net profit Year to Year, Swasti Vinayaka Synthetics Ltd.,’s profitability increased by 149.8 % in this quarter.
- EPS over the Year and quarter: EPS increased by 16.67 % Year to Year. EPS increased by 133.33 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 5.844 Cr | Rs. 6.93 Cr | Rs. 9.524 Cr | + 37.43 % | + 62.97 % |
Expenses | Rs. 5.27 Cr | Rs. 6.02 Cr | Rs. 8.54 Cr | + 41.86 % | + 62.05 % |
Operating Profit | Rs. 0.57 Cr | Rs. 0.91 Cr | Rs. 0.98 Cr | + 7.69 % | + 71.93 % |
OPM % | 9.75 % | 13.13 % | 10.29 % | -2.84 % | + 0.54 % |
Other Income | Rs. 0.053 Cr | Rs. 0.137 Cr | Rs. 0.005 Cr | -96.35 % | -90.57 % |
Interest | Rs. 0.13 Cr | Rs. 0.11 Cr | Rs. 0.1 Cr | -9.09 % | -23.08 % |
Depreciation | Rs. 0.01 Cr | Rs. 0.05 Cr | Rs. 0.27 Cr | + 440 % | + 2600 % |
Profit before tax | Rs. 0.48 Cr | Rs. 0.89 Cr | Rs. 0.62 Cr | -30.34 % | + 29.17 % |
Tax % | 0 % | 72.63 % | 0 % | -72.63 % | 0 % |
Net Profit | Rs. 0.49 Cr | Rs. 0.25 Cr | Rs. 0.61 Cr | + 144 % | + 24.49 % |
EPS in Rs | Rs. 0.06 | Rs. 0.03 | Rs. 0.07 | + 133.33 % | + 16.67 % |
Today, we’re looking at Swasti Vinayaka Synthetics 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 62.97 %. However, it did see a marginal increase of 37.43 % from the previous quarter. Expenses ticked up slightly by 41.86 % quarter-on-quarter, aligning with the annual rise of 62.05 %. Operating profit, while up 71.93 % compared to last year, faced a quarter-on-quarter increase of 7.69 %, 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 0.54 %, but a shrinkage of -2.84 % sequentially. Other income fell by -96.35 % compared to the last quarter, despite an annual decline of -90.57 %. Interest expenses dropped significantly by -9.09 % from the previous quarter, yet the year-over-year decrease remains at a moderate -23.08 %. Depreciation costs climbed by 440 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2600 %. Profit before tax grew annually by 29.17 % but saw a reduction from the preceding quarter by -30.34 %.
with a more notable quarter-on-quarter decrease of -72.63 %. Net profit rose by 24.49 % year-on-year but experienced a 144 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 16.67 % but a quarterly rise of 133.33 %. In summary, Swasti Vinayaka Synthetics 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. 5.844 Cr | Rs. 6.93 Cr | Rs. 9.524 Cr | + 37.43 % | + 62.97 % |
Expenses | Rs. 5.27 Cr | Rs. 6.02 Cr | Rs. 8.54 Cr | + 41.86 % | + 62.05 % |
Operating Profit | Rs. 0.57 Cr | Rs. 0.91 Cr | Rs. 0.98 Cr | + 7.69 % | + 71.93 % |
Net Profit | Rs. 0.49 Cr | Rs. 0.25 Cr | Rs. 0.61 Cr | + 144 % | + 24.49 % |
EPS in Rs | Rs. 0.06 | Rs. 0.03 | Rs. 0.07 | + 133.33 % | + 16.67 % |
In reviewing Swasti Vinayaka Synthetics Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 62.97 % year-on-year growth, however, there was a minor increase of 37.43 % from the previous quarter. Expenses rose by 62.05 % compared to the previous year, with a 41.86 % increase quarter-on-quarter. Operating Profit surged by 71.93 % annually, and saw a 7.69 % increase from the last quarter.
Net Profit showed yearly increase of 24.49 %, and experienced a 144 % increase from the previous quarter. Earnings Per Share (EPS) rose by 16.67 % annually, however rose by 133.33 % compared to the last quarter. In essence, while Swasti Vinayaka Synthetics Ltd., 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.