Share the post "Viksit Engineering ‘s Q1 Report: Profit Decreases by 2900% YoY"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Income over the Year and quarter: Marginal increase in other income during this quarter, up by 100.6%.
- Profit over the Year and quarter: Significant improvement in profitability for Viksit Engineering Ltd. Notable increase of 4114.29 % in net profit Year to Year, Viksit Engineering Ltd’s profitability dropped by -69.24 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 4,125.00 % Year to Year. EPS decreased by -69.27 % 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. 0 Cr | Rs. 1.396 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.01 Cr | Rs. 1.51 Cr | Rs. 0.28 Cr | -81.46 % | + 2700 % |
| Operating Profit | Rs. -0.01 Cr | Rs. -0.11 Cr | Rs. -0.28 Cr | -154.55 % | -2700 % |
| OPM % | 0 % | -7.88 % | 0 % | + 7.88 % | 0 % |
| Other Income | Rs. 0 Cr | Rs. -0.829 Cr | Rs. 0.005 Cr | + 100.6 % | 0 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0.02 Cr | Rs. 0.02 Cr | + 0 % | 0 % |
| Profit before tax | Rs. -0.01 Cr | Rs. -0.96 Cr | Rs. -0.3 Cr | + 68.75 % | -2900 % |
| Tax % | -0 % | -0.42 % | -0.34 % | + 0.08 % | -0.34 % |
| Net Profit | Rs. -0.01 Cr | Rs. -0.96 Cr | Rs. -0.3 Cr | + 68.75 % | -2900 % |
| EPS in Rs | Rs. -0.28 | Rs. -38.5 | Rs. -11.83 | + 69.27 % | -4125 % |
Today, we’re looking at Viksit Engineering Ltd’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -81.46 % quarter-on-quarter, aligning with the annual rise of 2700 %. Operating profit, while down -2700 % compared to last year, faced a quarter-on-quarter dip of -154.55 %, signaling a short-term contraction in margins.
but an expansion of 7.88 % sequentially. Other income rose by 100.6 % compared to the last quarter, Depreciation costs climbed by 0 % quarter-on-quarter, Profit before tax declined annually by -2900 % but saw an increase from the preceding quarter by 68.75 %.
Tax expenses as a percentage of profits decreased slightly by -0.34 % compared to last year, with a more notable quarter-on-quarter increase of 0.08 %. Net profit fell by -2900 % year-on-year but experienced a 68.75 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -4125 % but a quarterly rise of 69.27 %. In summary, Viksit Engineering 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. 0 Cr | Rs. 1.396 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.01 Cr | Rs. 1.51 Cr | Rs. 0.28 Cr | -81.46 % | + 2700 % |
| Operating Profit | Rs. -0.01 Cr | Rs. -0.11 Cr | Rs. -0.28 Cr | -154.55 % | -2700 % |
| Net Profit | Rs. -0.01 Cr | Rs. -0.96 Cr | Rs. -0.3 Cr | + 68.75 % | -2900 % |
| EPS in Rs | Rs. -0.28 | Rs. -38.5 | Rs. -11.83 | + 69.27 % | -4125 % |
In reviewing Viksit Engineering Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 2700 % compared to the previous year, with a decrease of -81.46 % quarter-on-quarter. Operating Profit dropped by -2700 % annually, and saw a -154.55 % decrease from the last quarter.
Net Profit showed yearly decrease of -2900 %, and experienced a 68.75 % increase from the previous quarter. Earnings Per Share (EPS) fell by -4125 % annually, however rose by 69.27 % compared to the last quarter. In essence, while Viksit Engineering 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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