Share the post "Vijaya Diagnostic Centre announced Financial Results Q1 2024"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 29.05 % in the past year, substantial increase in net sales/revenue by 0.65 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -37.55 %, Marginal increase in other income during this quarter, up by 9.66%.
- Profit over the Year and quarter: Significant improvement in profitability for Vijaya Diagnostic Centre Limited. Notable increase of 19.4 % in net profit Year to Year, Vijaya Diagnostic Centre Limited’s profitability dropped by -6.45 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 19.07 % Year to Year. EPS decreased by -6.42 % 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. 121.05 Cr | Rs. 155.205 Cr | Rs. 156.217 Cr | + 0.65 % | + 29.05 % |
| Expenses | Rs. 72.93 Cr | Rs. 92.1 Cr | Rs. 94.98 Cr | + 3.13 % | + 30.23 % |
| Operating Profit | Rs. 48.12 Cr | Rs. 63.11 Cr | Rs. 61.24 Cr | -2.96 % | + 27.27 % |
| OPM % | 39.75 % | 40.66 % | 39.2 % | -1.46 % | -0.55 % |
| Other Income | Rs. 5.707 Cr | Rs. 3.25 Cr | Rs. 3.564 Cr | + 9.66 % | -37.55 % |
| Interest | Rs. 5.88 Cr | Rs. 6.19 Cr | Rs. 6.27 Cr | + 1.29 % | + 6.63 % |
| Depreciation | Rs. 12.47 Cr | Rs. 16.3 Cr | Rs. 16.63 Cr | + 2.02 % | + 33.36 % |
| Profit before tax | Rs. 35.48 Cr | Rs. 43.87 Cr | Rs. 41.9 Cr | -4.49 % | + 18.09 % |
| Tax % | 25.62 % | 23.23 % | 24.81 % | + 1.58 % | -0.81 % |
| Net Profit | Rs. 26.39 Cr | Rs. 33.68 Cr | Rs. 31.51 Cr | -6.44 % | + 19.4 % |
| EPS in Rs | Rs. 2.56 | Rs. 3.26 | Rs. 3.05 | -6.44 % | + 19.14 % |
Today, we’re looking at Vijaya Diagnostic Centre 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 29.05 %. However, it did see a marginal increase of 0.65 % from the previous quarter. Expenses ticked up slightly by 3.13 % quarter-on-quarter, aligning with the annual rise of 30.23 %. Operating profit, while up 27.27 % compared to last year, faced a quarter-on-quarter dip of -2.96 %, 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 -0.55 %, but a shrinkage of -1.46 % sequentially. Other income rose by 9.66 % compared to the last quarter, despite an annual decline of -37.55 %. Interest expenses surged remarkably by 1.29 % from the previous quarter, yet the year-over-year increase remains at a moderate 6.63 %. Depreciation costs climbed by 2.02 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 33.36 %. Profit before tax grew annually by 18.09 % but saw a reduction from the preceding quarter by -4.49 %.
Tax expenses as a percentage of profits decreased slightly by -0.81 % compared to last year, with a more notable quarter-on-quarter increase of 1.58 %. Net profit rose by 19.4 % year-on-year but witnessed a -6.44 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 19.14 % but a quarterly fall of -6.44 %. In summary, Vijaya Diagnostic Centre 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. 121.05 Cr | Rs. 155.205 Cr | Rs. 156.217 Cr | + 0.65 % | + 29.05 % |
| Expenses | Rs. 72.93 Cr | Rs. 92.1 Cr | Rs. 94.98 Cr | + 3.13 % | + 30.23 % |
| Operating Profit | Rs. 48.12 Cr | Rs. 63.11 Cr | Rs. 61.24 Cr | -2.96 % | + 27.27 % |
| Net Profit | Rs. 26.39 Cr | Rs. 33.68 Cr | Rs. 31.51 Cr | -6.44 % | + 19.4 % |
| EPS in Rs | Rs. 2.56 | Rs. 3.26 | Rs. 3.05 | -6.44 % | + 19.14 % |
In reviewing Vijaya Diagnostic Centre Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 29.05 % year-on-year growth, however, there was a minor increase of 0.65 % from the previous quarter. Expenses rose by 30.23 % compared to the previous year, with a 3.13 % increase quarter-on-quarter. Operating Profit surged by 27.27 % annually, and saw a -2.96 % decrease from the last quarter.
Net Profit showed yearly increase of 19.4 %, and experienced a -6.44 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 19.14 % annually, however dipped by -6.44 % compared to the last quarter. In essence, while Vijaya Diagnostic Centre Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
[my_shortcode1 values=”Vijaya Diagnostic Centre “]
