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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 85.82 % in the past year, substantial increase in net sales/revenue by 33.55 %.
- 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 0 %. Marginal decrease of -20% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for V.B.Desai Financial Services Ltd. Notable increase of 200 % in net profit Year to Year, V.B.Desai Financial Services Ltd’s profitability increased by 118.18 % in this quarter.
- EPS over the Year and quarter: EPS increased by 223.08 % Year to Year. EPS increased by 121.05 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 0.557 Cr | Rs. 0.775 Cr | Rs. 1.035 Cr | + 33.55 % | + 85.82 % |
Expenses | Rs. 0.5 Cr | Rs. 0.72 Cr | Rs. 0.82 Cr | + 13.89 % | + 64 % |
Operating Profit | Rs. 0.06 Cr | Rs. 0.06 Cr | Rs. 0.22 Cr | + 266.67 % | + 266.67 % |
OPM % | 10.77 % | 7.74 % | 21.26 % | + 13.52 % | + 10.49 % |
Other Income | Rs. 0.04 Cr | Rs. 0.05 Cr | Rs. 0.04 Cr | -20 % | + 0 % |
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. 0.1 Cr | Rs. 0.11 Cr | Rs. 0.26 Cr | + 136.36 % | + 160 % |
Tax % | 36.36 % | 18.69 % | 26.72 % | + 8.03 % | -9.64 % |
Net Profit | Rs. 0.06 Cr | Rs. 0.09 Cr | Rs. 0.19 Cr | + 111.11 % | + 216.67 % |
EPS in Rs | Rs. 0.13 | Rs. 0.19 | Rs. 0.42 | + 121.05 % | + 223.08 % |
Today, we’re looking at V.B.Desai Financial Services Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 85.82 %. However, it did see a marginal increase of 33.55 % from the previous quarter. Expenses ticked up slightly by 13.89 % quarter-on-quarter, aligning with the annual rise of 64 %. Operating profit, while up 266.67 % compared to last year, faced a quarter-on-quarter increase of 266.67 %, 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 10.49 %, but an expansion of 13.52 % sequentially. Other income fell by -20 % compared to the last quarter, despite an annual growth of 0 %. Profit before tax grew annually by 160 % but saw an increase from the preceding quarter by 136.36 %.
Tax expenses as a percentage of profits decreased slightly by -9.64 % compared to last year, with a more notable quarter-on-quarter increase of 8.03 %. Net profit rose by 216.67 % year-on-year but experienced a 111.11 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 223.08 % but a quarterly rise of 121.05 %. 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. 0.557 Cr | Rs. 0.775 Cr | Rs. 1.035 Cr | + 33.55 % | + 85.82 % |
Expenses | Rs. 0.5 Cr | Rs. 0.72 Cr | Rs. 0.82 Cr | + 13.89 % | + 64 % |
Operating Profit | Rs. 0.06 Cr | Rs. 0.06 Cr | Rs. 0.22 Cr | + 266.67 % | + 266.67 % |
Net Profit | Rs. 0.06 Cr | Rs. 0.09 Cr | Rs. 0.19 Cr | + 111.11 % | + 216.67 % |
EPS in Rs | Rs. 0.13 | Rs. 0.19 | Rs. 0.42 | + 121.05 % | + 223.08 % |
In reviewing V.B.Desai Financial Services Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 85.82 % year-on-year growth, however, there was a minor increase of 33.55 % from the previous quarter. Expenses rose by 64 % compared to the previous year, with a 13.89 % increase quarter-on-quarter. Operating Profit surged by 266.67 % annually, and saw a 266.67 % increase from the last quarter.
Net Profit showed yearly increase of 216.67 %, and experienced a 111.11 % increase from the previous quarter. Earnings Per Share (EPS) rose by 223.08 % annually, however rose by 121.05 % compared to the last quarter. In essence, while V.B.Desai Financial Services 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.