Share the post "Veerhealth Care ‘s Q1 Results: Profit Drops by 64.71% YoY"
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 -42.33 % over the year, decrease in net sales/revenue by -38.67 %.
- 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 146.9 %. Marginal increase in other income during this quarter, up by 115.66%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Veerhealth Care Limited. Profit dropped by -64.62 % Year to Year, Veerhealth Care Limited’s profitability dropped by -121.84 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -81.82 % Year to Year. EPS decreased by -123.08 % 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. 3.581 Cr | Rs. 3.367 Cr | Rs. 2.065 Cr | -38.67 % | -42.33 % |
| Expenses | Rs. 3.15 Cr | Rs. 3.19 Cr | Rs. 2.08 Cr | -34.8 % | -33.97 % |
| Operating Profit | Rs. 0.43 Cr | Rs. 0.18 Cr | Rs. -0.02 Cr | -111.11 % | -104.65 % |
| OPM % | 12.01 % | 5.35 % | -0.97 % | -6.32 % | -12.98 % |
| Other Income | Rs. 0.145 Cr | Rs. 0.166 Cr | Rs. 0.358 Cr | + 115.66 % | + 146.9 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.18 Cr | Rs. 0.18 Cr | Rs. 0.19 Cr | + 5.56 % | + 5.56 % |
| Profit before tax | Rs. 0.4 Cr | Rs. 0.17 Cr | Rs. 0.15 Cr | -11.76 % | -62.5 % |
| Tax % | 14.93 % | 450.63 % | 19.87 % | -430.76 % | + 4.94 % |
| Net Profit | Rs. 0.34 Cr | Rs. -0.55 Cr | Rs. 0.12 Cr | + 121.82 % | -64.71 % |
| EPS in Rs | Rs. 0.33 | Rs. -0.26 | Rs. 0.06 | + 123.08 % | -81.82 % |
Today, we’re looking at Veerhealth Care 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 -42.33 %. However, it did see a marginal slip of -38.67 % from the previous quarter. Expenses decreased slightly by -34.8 % quarter-on-quarter, aligning with the annual decline of -33.97 %. Operating profit, while down -104.65 % compared to last year, faced a quarter-on-quarter dip of -111.11 %, 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 -12.98 %, but a shrinkage of -6.32 % sequentially. Other income rose by 115.66 % compared to the last quarter, despite an annual growth of 146.9 %. Depreciation costs climbed by 5.56 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 5.56 %. Profit before tax declined annually by -62.5 % but saw a reduction from the preceding quarter by -11.76 %.
Tax expenses as a percentage of profits increased slightly by 4.94 % compared to last year, with a more notable quarter-on-quarter decrease of -430.76 %. Net profit fell by -64.71 % year-on-year but experienced a 121.82 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -81.82 % but a quarterly rise of 123.08 %. In summary, Veerhealth Care 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. 3.581 Cr | Rs. 3.367 Cr | Rs. 2.065 Cr | -38.67 % | -42.33 % |
| Expenses | Rs. 3.15 Cr | Rs. 3.19 Cr | Rs. 2.08 Cr | -34.8 % | -33.97 % |
| Operating Profit | Rs. 0.43 Cr | Rs. 0.18 Cr | Rs. -0.02 Cr | -111.11 % | -104.65 % |
| Net Profit | Rs. 0.34 Cr | Rs. -0.55 Cr | Rs. 0.12 Cr | + 121.82 % | -64.71 % |
| EPS in Rs | Rs. 0.33 | Rs. -0.26 | Rs. 0.06 | + 123.08 % | -81.82 % |
In reviewing Veerhealth Care Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -42.33 % year-on-year, although there was a slight dip of -38.67 % from the previous quarter. Expenses decreased by -33.97 % compared to the previous year, with a decrease of -34.8 % quarter-on-quarter. Operating Profit dropped by -104.65 % annually, and saw a -111.11 % decrease from the last quarter.
Net Profit showed yearly decrease of -64.71 %, and experienced a 121.82 % increase from the previous quarter. Earnings Per Share (EPS) fell by -81.82 % annually, however rose by 123.08 % compared to the last quarter. In essence, while Veerhealth Care Limited faces strong annual decline 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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