Share the post "Victoria Mills ‘s Q1 Results: Profit Drops by 45.81% YoY"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Income over the Year and quarter: There has been decline in other income over the past year which is -9.63 %, Marginal increase in other income during this quarter, up by 115.54%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Victoria Mills Ltd.,. Profit dropped by -45.76 % Year to Year, Victoria Mills Ltd.,’s profitability dropped by -180.78 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -45.76 % Year to Year. EPS decreased by -180.78 % 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. 17 Cr | Rs. 0 Cr | Rs. 14.2 Cr | 0 % | -16.47 % |
| Expenses | Rs. 14.56 Cr | Rs. 1.47 Cr | Rs. 13.09 Cr | + 790.48 % | -10.1 % |
| Operating Profit | Rs. 2.44 Cr | Rs. -1.47 Cr | Rs. 1.11 Cr | + 175.51 % | -54.51 % |
| OPM % | 14.35 % | 0 % | 7.82 % | + 7.82 % | -6.53 % |
| Other Income | Rs. 0.353 Cr | Rs. 0.148 Cr | Rs. 0.319 Cr | + 115.54 % | -9.63 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.03 Cr | Rs. 0.03 Cr | Rs. 0.03 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. 2.76 Cr | Rs. -1.35 Cr | Rs. 1.4 Cr | + 203.7 % | -49.28 % |
| Tax % | 26.45 % | -0.66 % | 21.41 % | + 22.07 % | -5.04 % |
| Net Profit | Rs. 2.03 Cr | Rs. -1.36 Cr | Rs. 1.1 Cr | + 180.88 % | -45.81 % |
| EPS in Rs | Rs. 206 | Rs. -138.32 | Rs. 111.73 | + 180.78 % | -45.76 % |
Today, we’re looking at Victoria Mills Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -16.47 %. Expenses ticked up slightly by 790.48 % quarter-on-quarter, aligning with the annual decline of -10.1 %. Operating profit, while down -54.51 % compared to last year, faced a quarter-on-quarter increase of 175.51 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -6.53 %, but an expansion of 7.82 % sequentially. Other income rose by 115.54 % compared to the last quarter, despite an annual decline of -9.63 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -49.28 % but saw an increase from the preceding quarter by 203.7 %.
Tax expenses as a percentage of profits decreased slightly by -5.04 % compared to last year, with a more notable quarter-on-quarter increase of 22.07 %. Net profit fell by -45.81 % year-on-year but experienced a 180.88 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -45.76 % but a quarterly rise of 180.78 %. In summary, Victoria Mills Ltd.,’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. 17 Cr | Rs. 0 Cr | Rs. 14.2 Cr | 0 % | -16.47 % |
| Expenses | Rs. 14.56 Cr | Rs. 1.47 Cr | Rs. 13.09 Cr | + 790.48 % | -10.1 % |
| Operating Profit | Rs. 2.44 Cr | Rs. -1.47 Cr | Rs. 1.11 Cr | + 175.51 % | -54.51 % |
| Net Profit | Rs. 2.03 Cr | Rs. -1.36 Cr | Rs. 1.1 Cr | + 180.88 % | -45.81 % |
| EPS in Rs | Rs. 206 | Rs. -138.32 | Rs. 111.73 | + 180.78 % | -45.76 % |
In reviewing Victoria Mills Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -16.47 % year-on-year, Expenses decreased by -10.1 % compared to the previous year, with a 790.48 % increase quarter-on-quarter. Operating Profit dropped by -54.51 % annually, and saw a 175.51 % increase from the last quarter.
Net Profit showed yearly decrease of -45.81 %, and experienced a 180.88 % increase from the previous quarter. Earnings Per Share (EPS) fell by -45.76 % annually, however rose by 180.78 % compared to the last quarter. In essence, while Victoria Mills Ltd., 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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