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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- 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 28.17 %. Marginal increase in other income during this quarter, up by 73.89%.
- Profit over the Year and quarter: Significant improvement in profitability for Valley Magnesite Company Limited. Notable increase of 88.89 % in net profit Year to Year, Valley Magnesite Company Limited’s profitability increased by 6457.14 % in this quarter.
- EPS over the Year and quarter: EPS increased by 88.36 % Year to Year. EPS increased by 6142.86 % 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 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.08 Cr | Rs. 0.06 Cr | Rs. 0.11 Cr | + 83.33 % | + 37.5 % |
| Operating Profit | Rs. -0.08 Cr | Rs. -0.06 Cr | Rs. -0.11 Cr | -83.33 % | -37.5 % |
| OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Other Income | Rs. 0.426 Cr | Rs. 0.314 Cr | Rs. 0.546 Cr | + 73.89 % | + 28.17 % |
| 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. 0.35 Cr | Rs. 0.25 Cr | Rs. 0.44 Cr | + 76 % | + 25.71 % |
| Tax % | 28.74 % | 96.89 % | 6 % | -90.89 % | -22.74 % |
| Net Profit | Rs. 0.24 Cr | Rs. 0.01 Cr | Rs. 0.46 Cr | + 4500 % | + 91.67 % |
| EPS in Rs | Rs. 2.32 | Rs. 0.07 | Rs. 4.37 | + 6142.86 % | + 88.36 % |
Today, we’re looking at Valley Magnesite Company Limited’s financial performance for the Q1(Jun 2024).Expenses ticked up slightly by 83.33 % quarter-on-quarter, aligning with the annual rise of 37.5 %. Operating profit, while down -37.5 % compared to last year, faced a quarter-on-quarter dip of -83.33 %, signaling a short-term contraction in margins.
Other income rose by 73.89 % compared to the last quarter, despite an annual growth of 28.17 %. Profit before tax grew annually by 25.71 % but saw an increase from the preceding quarter by 76 %.
Tax expenses as a percentage of profits decreased slightly by -22.74 % compared to last year, with a more notable quarter-on-quarter decrease of -90.89 %. Net profit rose by 91.67 % year-on-year but experienced a 4500 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 88.36 % but a quarterly rise of 6142.86 %. In summary, Valley Magnesite Company Limited’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 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.08 Cr | Rs. 0.06 Cr | Rs. 0.11 Cr | + 83.33 % | + 37.5 % |
| Operating Profit | Rs. -0.08 Cr | Rs. -0.06 Cr | Rs. -0.11 Cr | -83.33 % | -37.5 % |
| Net Profit | Rs. 0.24 Cr | Rs. 0.01 Cr | Rs. 0.46 Cr | + 4500 % | + 91.67 % |
| EPS in Rs | Rs. 2.32 | Rs. 0.07 | Rs. 4.37 | + 6142.86 % | + 88.36 % |
In reviewing Valley Magnesite Company Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 37.5 % compared to the previous year, with a 83.33 % increase quarter-on-quarter. Operating Profit dropped by -37.5 % annually, and saw a -83.33 % decrease from the last quarter.
Net Profit showed yearly increase of 91.67 %, and experienced a 4500 % increase from the previous quarter. Earnings Per Share (EPS) rose by 88.36 % annually, however rose by 6142.86 % compared to the last quarter. In essence, while Valley Magnesite Company Limited 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.
