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Highlights
- Sales over the Year and quarter: The company’s sales declined by -2.43 % over the year, substantial increase in net sales/revenue by 2.38 %.
- 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 15 %. Marginal increase in other income during this quarter, up by 40.82%.
- Profit over the Year and quarter: Significant improvement in profitability for Vimta Labs Limited. Notable increase of 0.09 % in net profit Year to Year, Vimta Labs Limited’s profitability dropped by -1.37 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 0.00 % Year to Year. EPS decreased by -1.69 % 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. 82.193 Cr | Rs. 78.338 Cr | Rs. 80.199 Cr | + 2.38 % | -2.43 % |
| Expenses | Rs. 58.36 Cr | Rs. 54.71 Cr | Rs. 56.6 Cr | + 3.45 % | -3.02 % |
| Operating Profit | Rs. 23.83 Cr | Rs. 23.63 Cr | Rs. 23.6 Cr | -0.13 % | -0.97 % |
| OPM % | 28.99 % | 30.16 % | 29.43 % | -0.73 % | + 0.44 % |
| Other Income | Rs. 0.6 Cr | Rs. 0.49 Cr | Rs. 0.69 Cr | + 40.82 % | + 15 % |
| Interest | Rs. 0.44 Cr | Rs. 0.53 Cr | Rs. 0.48 Cr | -9.43 % | + 9.09 % |
| Depreciation | Rs. 8.45 Cr | Rs. 8.03 Cr | Rs. 8.15 Cr | + 1.49 % | -3.55 % |
| Profit before tax | Rs. 15.54 Cr | Rs. 15.56 Cr | Rs. 15.66 Cr | + 0.64 % | + 0.77 % |
| Tax % | 25.17 % | 24.11 % | 25.71 % | + 1.6 % | + 0.54 % |
| Net Profit | Rs. 11.63 Cr | Rs. 11.8 Cr | Rs. 11.64 Cr | -1.36 % | + 0.09 % |
| EPS in Rs | Rs. 5.15 | Rs. 5.26 | Rs. 5.18 | -1.52 % | + 0.58 % |
Today, we’re looking at Vimta Labs 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 -2.43 %. However, it did see a marginal increase of 2.38 % from the previous quarter. Expenses ticked up slightly by 3.45 % quarter-on-quarter, aligning with the annual decline of -3.02 %. Operating profit, while down -0.97 % compared to last year, faced a quarter-on-quarter dip of -0.13 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.44 %, but a shrinkage of -0.73 % sequentially. Other income rose by 40.82 % compared to the last quarter, despite an annual growth of 15 %. Interest expenses dropped significantly by -9.43 % from the previous quarter, yet the year-over-year increase remains at a moderate 9.09 %. Depreciation costs climbed by 1.49 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -3.55 %. Profit before tax grew annually by 0.77 % but saw an increase from the preceding quarter by 0.64 %.
Tax expenses as a percentage of profits increased slightly by 0.54 % compared to last year, with a more notable quarter-on-quarter increase of 1.6 %. Net profit rose by 0.09 % year-on-year but witnessed a -1.36 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 0.58 % but a quarterly fall of -1.52 %. In summary, Vimta Labs 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. 82.193 Cr | Rs. 78.338 Cr | Rs. 80.199 Cr | + 2.38 % | -2.43 % |
| Expenses | Rs. 58.36 Cr | Rs. 54.71 Cr | Rs. 56.6 Cr | + 3.45 % | -3.02 % |
| Operating Profit | Rs. 23.83 Cr | Rs. 23.63 Cr | Rs. 23.6 Cr | -0.13 % | -0.97 % |
| Net Profit | Rs. 11.63 Cr | Rs. 11.8 Cr | Rs. 11.64 Cr | -1.36 % | + 0.09 % |
| EPS in Rs | Rs. 5.15 | Rs. 5.26 | Rs. 5.18 | -1.52 % | + 0.58 % |
In reviewing Vimta Labs Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -2.43 % year-on-year, however, there was a minor increase of 2.38 % from the previous quarter. Expenses decreased by -3.02 % compared to the previous year, with a 3.45 % increase quarter-on-quarter. Operating Profit dropped by -0.97 % annually, and saw a -0.13 % decrease from the last quarter.
Net Profit showed yearly increase of 0.09 %, and experienced a -1.36 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 0.58 % annually, however dipped by -1.52 % compared to the last quarter. In essence, while Vimta Labs 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.
