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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 experienced a substantial growth of 80.86 % in the past year, substantial increase in net sales/revenue by 42.27 %.
- 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 1179.41 %. Marginal increase in other income during this quarter, up by 192.16%.
- Profit over the Year and quarter: Significant improvement in profitability for VEERAM SECURITIES LIMITED. Notable increase of 85.01 % in net profit Year to Year, VEERAM SECURITIES LIMITED’s profitability increased by 3.69 % in this quarter.
- EPS over the Year and quarter: EPS increased by 85.71 % Year to Year. EPS increased by 0 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 4.52 Cr | Rs. 5.746 Cr | Rs. 8.175 Cr | + 42.27 % | + 80.86 % |
| Expenses | Rs. 3.92 Cr | Rs. 3.77 Cr | Rs. 7.3 Cr | + 93.63 % | + 86.22 % |
| Operating Profit | Rs. 0.6 Cr | Rs. 1.98 Cr | Rs. 0.88 Cr | -55.56 % | + 46.67 % |
| OPM % | 13.27 % | 34.46 % | 10.76 % | -23.7 % | -2.51 % |
| Other Income | Rs. 0.034 Cr | Rs. -0.472 Cr | Rs. 0.435 Cr | + 192.16 % | + 1179.41 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.02 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. 0.62 Cr | Rs. 1.49 Cr | Rs. 1.32 Cr | -11.41 % | + 112.9 % |
| Tax % | 12.76 % | 34.58 % | 22.87 % | -11.71 % | + 10.11 % |
| Net Profit | Rs. 0.55 Cr | Rs. 0.98 Cr | Rs. 1.01 Cr | + 3.06 % | + 83.64 % |
| EPS in Rs | Rs. 0.07 | Rs. 0.13 | Rs. 0.13 | + 0 % | + 85.71 % |
Today, we’re looking at VEERAM SECURITIES 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 80.86 %. However, it did see a marginal increase of 42.27 % from the previous quarter. Expenses ticked up slightly by 93.63 % quarter-on-quarter, aligning with the annual rise of 86.22 %. Operating profit, while up 46.67 % compared to last year, faced a quarter-on-quarter dip of -55.56 %, 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 -2.51 %, but a shrinkage of -23.7 % sequentially. Other income rose by 192.16 % compared to the last quarter, despite an annual growth of 1179.41 %. Profit before tax grew annually by 112.9 % but saw a reduction from the preceding quarter by -11.41 %.
Tax expenses as a percentage of profits increased slightly by 10.11 % compared to last year, with a more notable quarter-on-quarter decrease of -11.71 %. Net profit rose by 83.64 % year-on-year but experienced a 3.06 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 85.71 % but a quarterly rise of 0 %. In summary, VEERAM SECURITIES 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. 4.52 Cr | Rs. 5.746 Cr | Rs. 8.175 Cr | + 42.27 % | + 80.86 % |
| Expenses | Rs. 3.92 Cr | Rs. 3.77 Cr | Rs. 7.3 Cr | + 93.63 % | + 86.22 % |
| Operating Profit | Rs. 0.6 Cr | Rs. 1.98 Cr | Rs. 0.88 Cr | -55.56 % | + 46.67 % |
| Net Profit | Rs. 0.55 Cr | Rs. 0.98 Cr | Rs. 1.01 Cr | + 3.06 % | + 83.64 % |
| EPS in Rs | Rs. 0.07 | Rs. 0.13 | Rs. 0.13 | + 0 % | + 85.71 % |
In reviewing VEERAM SECURITIES LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 80.86 % year-on-year growth, however, there was a minor increase of 42.27 % from the previous quarter. Expenses rose by 86.22 % compared to the previous year, with a 93.63 % increase quarter-on-quarter. Operating Profit surged by 46.67 % annually, and saw a -55.56 % decrease from the last quarter.
Net Profit showed yearly increase of 83.64 %, and experienced a 3.06 % increase from the previous quarter. Earnings Per Share (EPS) rose by 85.71 % annually, however rose by 0 % compared to the last quarter. In essence, while VEERAM SECURITIES 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.
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