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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 -1.93 % over the year, substantial increase in net sales/revenue by 1.52 %.
- 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 59.5 %. Marginal decrease of -46.57% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Vaswani Industries Limited. Profit dropped by -8.81 % Year to Year, Vaswani Industries Limited’s profitability dropped by -18.97 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -8.70 % Year to Year. EPS decreased by -18.45 % 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. 93.546 Cr | Rs. 90.361 Cr | Rs. 91.738 Cr | + 1.52 % | -1.93 % |
| Expenses | Rs. 87.48 Cr | Rs. 83.75 Cr | Rs. 86.48 Cr | + 3.26 % | -1.14 % |
| Operating Profit | Rs. 6.07 Cr | Rs. 6.61 Cr | Rs. 5.26 Cr | -20.42 % | -13.34 % |
| OPM % | 6.49 % | 7.32 % | 5.73 % | -1.59 % | -0.76 % |
| Other Income | Rs. 0.2 Cr | Rs. 0.597 Cr | Rs. 0.319 Cr | -46.57 % | + 59.5 % |
| Interest | Rs. 2.05 Cr | Rs. 1.62 Cr | Rs. 1.09 Cr | -32.72 % | -46.83 % |
| Depreciation | Rs. 0.93 Cr | Rs. 0.95 Cr | Rs. 0.93 Cr | -2.11 % | + 0 % |
| Profit before tax | Rs. 3.29 Cr | Rs. 4.64 Cr | Rs. 3.56 Cr | -23.28 % | + 8.21 % |
| Tax % | 16.03 % | 33.06 % | 29.19 % | -3.87 % | + 13.16 % |
| Net Profit | Rs. 2.76 Cr | Rs. 3.11 Cr | Rs. 2.52 Cr | -18.97 % | -8.7 % |
| EPS in Rs | Rs. 0.92 | Rs. 1.03 | Rs. 0.84 | -18.45 % | -8.7 % |
Today, we’re looking at Vaswani Industries 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 -1.93 %. However, it did see a marginal increase of 1.52 % from the previous quarter. Expenses ticked up slightly by 3.26 % quarter-on-quarter, aligning with the annual decline of -1.14 %. Operating profit, while down -13.34 % compared to last year, faced a quarter-on-quarter dip of -20.42 %, 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 -0.76 %, but a shrinkage of -1.59 % sequentially. Other income fell by -46.57 % compared to the last quarter, despite an annual growth of 59.5 %. Interest expenses dropped significantly by -32.72 % from the previous quarter, yet the year-over-year decrease remains at a moderate -46.83 %. Depreciation costs fell by -2.11 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 8.21 % but saw a reduction from the preceding quarter by -23.28 %.
Tax expenses as a percentage of profits increased slightly by 13.16 % compared to last year, with a more notable quarter-on-quarter decrease of -3.87 %. Net profit fell by -8.7 % year-on-year but witnessed a -18.97 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -8.7 % but a quarterly fall of -18.45 %. In summary, Vaswani Industries 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. 93.546 Cr | Rs. 90.361 Cr | Rs. 91.738 Cr | + 1.52 % | -1.93 % |
| Expenses | Rs. 87.48 Cr | Rs. 83.75 Cr | Rs. 86.48 Cr | + 3.26 % | -1.14 % |
| Operating Profit | Rs. 6.07 Cr | Rs. 6.61 Cr | Rs. 5.26 Cr | -20.42 % | -13.34 % |
| Net Profit | Rs. 2.76 Cr | Rs. 3.11 Cr | Rs. 2.52 Cr | -18.97 % | -8.7 % |
| EPS in Rs | Rs. 0.92 | Rs. 1.03 | Rs. 0.84 | -18.45 % | -8.7 % |
In reviewing Vaswani Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.93 % year-on-year, however, there was a minor increase of 1.52 % from the previous quarter. Expenses decreased by -1.14 % compared to the previous year, with a 3.26 % increase quarter-on-quarter. Operating Profit dropped by -13.34 % annually, and saw a -20.42 % decrease from the last quarter.
Net Profit showed yearly decrease of -8.7 %, and experienced a -18.97 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -8.7 % annually, however dipped by -18.45 % compared to the last quarter. In essence, while Vaswani Industries 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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