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VEERAM SECURITIES : Q4 2024 Financial Quarterly Report : YoY Sales Up 86.8 %, QoQ Up 1.22 %

July 1, 2024July 1, 2024| adminadmin| 0 Comments| 3:40 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 86.8 % in the past year, substantial increase in net sales/revenue by 1.22 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -4.44 %, Marginal decrease of -687.5% in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for VEERAM SECURITIES LIMITED. Notable increase of 137.47 % in net profit Year to Year, VEERAM SECURITIES LIMITED’s profitability increased by 128.04 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 160.00 % Year to Year. EPS increased by 116.67 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of VEERAM SECURITIES LIMITED”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 3.076 Cr Rs. 5.677 Cr Rs. 5.746 Cr + 1.22 % + 86.8 %
Expenses Rs. 2.25 Cr Rs. 5.22 Cr Rs. 3.77 Cr -27.78 % + 67.56 %
Operating Profit Rs. 0.83 Cr Rs. 0.46 Cr Rs. 1.98 Cr + 330.43 % + 138.55 %
OPM % 26.98 % 8.1 % 34.46 % + 26.36 % + 7.48 %
Other Income Rs. -0.45 Cr Rs. 0.08 Cr Rs. -0.47 Cr -687.5 % -4.44 %
Interest Rs. 0 Cr Rs. 0 Cr Rs. 0 Cr 0 % 0 %
Depreciation Rs. 0.01 Cr Rs. 0.02 Cr Rs. 0.02 Cr + 0 % + 100 %
Profit before tax Rs. 0.37 Cr Rs. 0.52 Cr Rs. 1.49 Cr + 186.54 % + 302.7 %
Tax % 10.78 % 17.21 % 34.58 % + 17.37 % + 23.8 %
Net Profit Rs. 0.41 Cr Rs. 0.43 Cr Rs. 0.98 Cr + 127.91 % + 139.02 %
EPS in Rs Rs. 0.05 Rs. 0.06 Rs. 0.13 + 116.67 % + 160 %


Today, we’re looking at VEERAM SECURITIES LIMITED’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 86.8 %. However, it did see a marginal increase of 1.22 % from the previous quarter. Expenses decreased slightly by -27.78 % quarter-on-quarter, aligning with the annual rise of 67.56 %. Operating profit, while up 138.55 % compared to last year, faced a quarter-on-quarter increase of 330.43 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 7.48 %, but an expansion of 26.36 % sequentially. Other income fell by -687.5 % compared to the last quarter, despite an annual decline of -4.44 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 100 %. Profit before tax grew annually by 302.7 % but saw an increase from the preceding quarter by 186.54 %.
Tax expenses as a percentage of profits increased slightly by 23.8 % compared to last year, with a more notable quarter-on-quarter increase of 17.37 %. Net profit rose by 139.02 % year-on-year but experienced a 127.91 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 160 % but a quarterly rise of 116.67 %. 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. 3.076 Cr Rs. 5.677 Cr Rs. 5.746 Cr + 1.22 % + 86.8 %
Expenses Rs. 2.25 Cr Rs. 5.22 Cr Rs. 3.77 Cr -27.78 % + 67.56 %
Operating Profit Rs. 0.83 Cr Rs. 0.46 Cr Rs. 1.98 Cr + 330.43 % + 138.55 %
Net Profit Rs. 0.41 Cr Rs. 0.43 Cr Rs. 0.98 Cr + 127.91 % + 139.02 %
EPS in Rs Rs. 0.05 Rs. 0.06 Rs. 0.13 + 116.67 % + 160 %


In reviewing VEERAM SECURITIES LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 86.8 % year-on-year growth, however, there was a minor increase of 1.22 % from the previous quarter. Expenses rose by 67.56 % compared to the previous year, with a decrease of -27.78 % quarter-on-quarter. Operating Profit surged by 138.55 % annually, and saw a 330.43 % increase from the last quarter.
Net Profit showed yearly increase of 139.02 %, and experienced a 127.91 % increase from the previous quarter. Earnings Per Share (EPS) rose by 160 % annually, however rose by 116.67 % 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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