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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 -52.75 % over the year, decrease in net sales/revenue by -13.1 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -74.54 %, Marginal increase in other income during this quarter, up by 11.48%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Vardhman Polytex Limited. Profit dropped by -1124.19 % Year to Year, Vardhman Polytex Limited’s profitability dropped by -1236.79 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -182.98 % Year to Year. EPS decreased by -202.63 % 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. 135.534 Cr | Rs. 73.685 Cr | Rs. 64.034 Cr | -13.1 % | -52.75 % |
| Expenses | Rs. 138.7 Cr | Rs. 74.65 Cr | Rs. 73.06 Cr | -2.13 % | -47.33 % |
| Operating Profit | Rs. -3.17 Cr | Rs. -0.97 Cr | Rs. -9.03 Cr | -830.93 % | -184.86 % |
| OPM % | -2.34 % | -1.32 % | -14.1 % | -12.78 % | -11.76 % |
| Other Income | Rs. 19.789 Cr | Rs. 4.519 Cr | Rs. 5.038 Cr | + 11.48 % | -74.54 % |
| Interest | Rs. 12.83 Cr | Rs. 0.14 Cr | Rs. 4.44 Cr | + 3071.43 % | -65.39 % |
| Depreciation | Rs. 2.74 Cr | Rs. 2.47 Cr | Rs. 2.33 Cr | -5.67 % | -14.96 % |
| Profit before tax | Rs. 1.05 Cr | Rs. 0.94 Cr | Rs. -10.76 Cr | -1244.68 % | -1124.76 % |
| Tax % | 0 % | 0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. 1.05 Cr | Rs. 0.95 Cr | Rs. -10.75 Cr | -1231.58 % | -1123.81 % |
| EPS in Rs | Rs. 0.46 | Rs. 0.29 | Rs. -0.3 | -203.45 % | -165.22 % |
Today, we’re looking at Vardhman Polytex Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -52.75 %. However, it did see a marginal slip of -13.1 % from the previous quarter. Expenses decreased slightly by -2.13 % quarter-on-quarter, aligning with the annual decline of -47.33 %. Operating profit, while down -184.86 % compared to last year, faced a quarter-on-quarter dip of -830.93 %, 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 -11.76 %, but a shrinkage of -12.78 % sequentially. Other income rose by 11.48 % compared to the last quarter, despite an annual decline of -74.54 %. Interest expenses surged remarkably by 3071.43 % from the previous quarter, yet the year-over-year decrease remains at a moderate -65.39 %. Depreciation costs fell by -5.67 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -14.96 %. Profit before tax declined annually by -1124.76 % but saw a reduction from the preceding quarter by -1244.68 %.
Net profit fell by -1123.81 % year-on-year but witnessed a -1231.58 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -165.22 % but a quarterly fall of -203.45 %. In summary, Vardhman Polytex 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. 135.534 Cr | Rs. 73.685 Cr | Rs. 64.034 Cr | -13.1 % | -52.75 % |
| Expenses | Rs. 138.7 Cr | Rs. 74.65 Cr | Rs. 73.06 Cr | -2.13 % | -47.33 % |
| Operating Profit | Rs. -3.17 Cr | Rs. -0.97 Cr | Rs. -9.03 Cr | -830.93 % | -184.86 % |
| Net Profit | Rs. 1.05 Cr | Rs. 0.95 Cr | Rs. -10.75 Cr | -1231.58 % | -1123.81 % |
| EPS in Rs | Rs. 0.46 | Rs. 0.29 | Rs. -0.3 | -203.45 % | -165.22 % |
In reviewing Vardhman Polytex Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -52.75 % year-on-year, although there was a slight dip of -13.1 % from the previous quarter. Expenses decreased by -47.33 % compared to the previous year, with a decrease of -2.13 % quarter-on-quarter. Operating Profit dropped by -184.86 % annually, and saw a -830.93 % decrease from the last quarter.
Net Profit showed yearly decrease of -1123.81 %, and experienced a -1231.58 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -165.22 % annually, however dipped by -203.45 % compared to the last quarter. In essence, while Vardhman Polytex Limited 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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