Share the post "VELOX INDUSTRIES ‘s Latest Q1 Report: Profit Up by 175% Year-on-Year"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Income over the Year and quarter: Marginal decrease of -35.03% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for VELOX INDUSTRIES LIMITED. Profit dropped by -182.86 % Year to Year, VELOX INDUSTRIES LIMITED’s profitability dropped by -91.13 % Quarter to Quarter.
- EPS over the Year and quarter:
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0 Cr | Rs. 0.25 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.04 Cr | Rs. 0.08 Cr | Rs. 0.06 Cr | -25 % | + 50 % |
| Operating Profit | Rs. -0.04 Cr | Rs. 0.17 Cr | Rs. -0.06 Cr | -135.29 % | -50 % |
| OPM % | 0 % | 68 % | 0 % | -68 % | 0 % |
| Other Income | Rs. 0 Cr | Rs. 0.157 Cr | Rs. 0.102 Cr | -35.03 % | 0 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. -0.04 Cr | Rs. 0.33 Cr | Rs. 0.04 Cr | -87.88 % | + 200 % |
| Tax % | -0 % | 0 % | 25.64 % | + 25.64 % | + 25.64 % |
| Net Profit | Rs. -0.04 Cr | Rs. 0.33 Cr | Rs. 0.03 Cr | -90.91 % | + 175 % |
| EPS in Rs | Rs. -0.04 | Rs. 0.41 | Rs. 0 | 0 % | 0 % |
Today, we’re looking at VELOX INDUSTRIES LIMITED’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -25 % quarter-on-quarter, aligning with the annual rise of 50 %. Operating profit, while down -50 % compared to last year, faced a quarter-on-quarter dip of -135.29 %, signaling a short-term contraction in margins.
but a shrinkage of -68 % sequentially. Other income fell by -35.03 % compared to the last quarter, Profit before tax grew annually by 200 % but saw a reduction from the preceding quarter by -87.88 %.
Tax expenses as a percentage of profits increased slightly by 25.64 % compared to last year, with a more notable quarter-on-quarter increase of 25.64 %. Net profit rose by 175 % year-on-year but witnessed a -90.91 % contraction from the last quarter. In summary, VELOX 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. 0 Cr | Rs. 0.25 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.04 Cr | Rs. 0.08 Cr | Rs. 0.06 Cr | -25 % | + 50 % |
| Operating Profit | Rs. -0.04 Cr | Rs. 0.17 Cr | Rs. -0.06 Cr | -135.29 % | -50 % |
| Net Profit | Rs. -0.04 Cr | Rs. 0.33 Cr | Rs. 0.03 Cr | -90.91 % | + 175 % |
| EPS in Rs | Rs. -0.04 | Rs. 0.41 | Rs. 0 | 0 % | 0 % |
In reviewing VELOX INDUSTRIES LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 50 % compared to the previous year, with a decrease of -25 % quarter-on-quarter. Operating Profit dropped by -50 % annually, and saw a -135.29 % decrease from the last quarter.
Net Profit showed yearly increase of 175 %, and experienced a -90.91 % decrease from the previous quarter. In essence, while VELOX 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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