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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 32.96 % in the past year, decrease in net sales/revenue by -2.93 %.
- Profit over the Year and quarter: Significant improvement in profitability for VEDAVAAG Systems Limited. Notable increase of 38.04 % in net profit Year to Year, VEDAVAAG Systems Limited’s profitability dropped by -7.04 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 39.06 % Year to Year. EPS decreased by -6.32 % 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. 16.767 Cr | Rs. 22.966 Cr | Rs. 22.293 Cr | -2.93 % | + 32.96 % |
Expenses | Rs. 14 Cr | Rs. 17.96 Cr | Rs. 18.96 Cr | + 5.57 % | + 35.43 % |
Operating Profit | Rs. 2.77 Cr | Rs. 5.01 Cr | Rs. 3.33 Cr | -33.53 % | + 20.22 % |
OPM % | 16.52 % | 21.81 % | 14.94 % | -6.87 % | -1.58 % |
Other Income | Rs. 0.004 Cr | Rs. 0.082 Cr | Rs. 0 Cr | 0 % | 0 % |
Interest | Rs. 0 Cr | Rs. 0.19 Cr | Rs. 0.12 Cr | -36.84 % | 0 % |
Depreciation | Rs. 0.81 Cr | Rs. 2.41 Cr | Rs. 0.52 Cr | -78.42 % | -35.8 % |
Profit before tax | Rs. 1.96 Cr | Rs. 2.49 Cr | Rs. 2.69 Cr | + 8.03 % | + 37.24 % |
Tax % | 25.06 % | 12.31 % | 24.67 % | + 12.36 % | -0.39 % |
Net Profit | Rs. 1.47 Cr | Rs. 2.19 Cr | Rs. 2.03 Cr | -7.31 % | + 38.1 % |
EPS in Rs | Rs. 0.64 | Rs. 0.95 | Rs. 0.89 | -6.32 % | + 39.06 % |
Today, we’re looking at VEDAVAAG Systems Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 32.96 %. However, it did see a marginal slip of -2.93 % from the previous quarter. Expenses ticked up slightly by 5.57 % quarter-on-quarter, aligning with the annual rise of 35.43 %. Operating profit, while up 20.22 % compared to last year, faced a quarter-on-quarter dip of -33.53 %, 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 -1.58 %, but a shrinkage of -6.87 % sequentially. Interest expenses dropped significantly by -36.84 % from the previous quarter, Depreciation costs fell by -78.42 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -35.8 %. Profit before tax grew annually by 37.24 % but saw an increase from the preceding quarter by 8.03 %.
Tax expenses as a percentage of profits decreased slightly by -0.39 % compared to last year, with a more notable quarter-on-quarter increase of 12.36 %. Net profit rose by 38.1 % year-on-year but witnessed a -7.31 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 39.06 % but a quarterly fall of -6.32 %. In summary, VEDAVAAG Systems 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. 16.767 Cr | Rs. 22.966 Cr | Rs. 22.293 Cr | -2.93 % | + 32.96 % |
Expenses | Rs. 14 Cr | Rs. 17.96 Cr | Rs. 18.96 Cr | + 5.57 % | + 35.43 % |
Operating Profit | Rs. 2.77 Cr | Rs. 5.01 Cr | Rs. 3.33 Cr | -33.53 % | + 20.22 % |
Net Profit | Rs. 1.47 Cr | Rs. 2.19 Cr | Rs. 2.03 Cr | -7.31 % | + 38.1 % |
EPS in Rs | Rs. 0.64 | Rs. 0.95 | Rs. 0.89 | -6.32 % | + 39.06 % |
In reviewing VEDAVAAG Systems Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 32.96 % year-on-year growth, although there was a slight dip of -2.93 % from the previous quarter. Expenses rose by 35.43 % compared to the previous year, with a 5.57 % increase quarter-on-quarter. Operating Profit surged by 20.22 % annually, and saw a -33.53 % decrease from the last quarter.
Net Profit showed yearly increase of 38.1 %, and experienced a -7.31 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 39.06 % annually, however dipped by -6.32 % compared to the last quarter. In essence, while VEDAVAAG Systems Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.