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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’s sales declined by -4.57 % over the year, decrease in net sales/revenue by -25.31 %.
- 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 16.28 %. Marginal increase in other income during this quarter, up by 13.64%.
- Profit over the Year and quarter: Challenges in sustaining profitability for V.B.Desai Financial Services Ltd. Profit dropped by -6.06 % Year to Year, V.B.Desai Financial Services Ltd’s profitability dropped by -35.42 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -6.90 % Year to Year. EPS decreased by -35.71 % 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. 0.81 Cr | Rs. 1.035 Cr | Rs. 0.773 Cr | -25.31 % | -4.57 % |
| Expenses | Rs. 0.68 Cr | Rs. 0.82 Cr | Rs. 0.65 Cr | -20.73 % | -4.41 % |
| Operating Profit | Rs. 0.13 Cr | Rs. 0.22 Cr | Rs. 0.12 Cr | -45.45 % | -7.69 % |
| OPM % | 16.05 % | 21.26 % | 15.52 % | -5.74 % | -0.53 % |
| Other Income | Rs. 0.043 Cr | Rs. 0.044 Cr | Rs. 0.05 Cr | + 13.64 % | + 16.28 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. 0.17 Cr | Rs. 0.26 Cr | Rs. 0.17 Cr | -34.62 % | + 0 % |
| Tax % | 25 % | 26.72 % | 28.07 % | + 1.35 % | + 3.07 % |
| Net Profit | Rs. 0.13 Cr | Rs. 0.19 Cr | Rs. 0.12 Cr | -36.84 % | -7.69 % |
| EPS in Rs | Rs. 0.29 | Rs. 0.42 | Rs. 0.27 | -35.71 % | -6.9 % |
Today, we’re looking at V.B.Desai Financial Services 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 -4.57 %. However, it did see a marginal slip of -25.31 % from the previous quarter. Expenses decreased slightly by -20.73 % quarter-on-quarter, aligning with the annual decline of -4.41 %. Operating profit, while down -7.69 % compared to last year, faced a quarter-on-quarter dip of -45.45 %, 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 -0.53 %, but a shrinkage of -5.74 % sequentially. Other income rose by 13.64 % compared to the last quarter, despite an annual growth of 16.28 %. Profit before tax grew annually by 0 % but saw a reduction from the preceding quarter by -34.62 %.
Tax expenses as a percentage of profits increased slightly by 3.07 % compared to last year, with a more notable quarter-on-quarter increase of 1.35 %. Net profit fell by -7.69 % year-on-year but witnessed a -36.84 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -6.9 % but a quarterly fall of -35.71 %. In summary, V.B.Desai Financial Services 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. 0.81 Cr | Rs. 1.035 Cr | Rs. 0.773 Cr | -25.31 % | -4.57 % |
| Expenses | Rs. 0.68 Cr | Rs. 0.82 Cr | Rs. 0.65 Cr | -20.73 % | -4.41 % |
| Operating Profit | Rs. 0.13 Cr | Rs. 0.22 Cr | Rs. 0.12 Cr | -45.45 % | -7.69 % |
| Net Profit | Rs. 0.13 Cr | Rs. 0.19 Cr | Rs. 0.12 Cr | -36.84 % | -7.69 % |
| EPS in Rs | Rs. 0.29 | Rs. 0.42 | Rs. 0.27 | -35.71 % | -6.9 % |
In reviewing V.B.Desai Financial Services Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -4.57 % year-on-year, although there was a slight dip of -25.31 % from the previous quarter. Expenses decreased by -4.41 % compared to the previous year, with a decrease of -20.73 % quarter-on-quarter. Operating Profit dropped by -7.69 % annually, and saw a -45.45 % decrease from the last quarter.
Net Profit showed yearly decrease of -7.69 %, and experienced a -36.84 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -6.9 % annually, however dipped by -35.71 % compared to the last quarter. In essence, while V.B.Desai Financial Services 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.
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