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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -13.82 % over the year, decrease in net sales/revenue by -24.25 %.
- Profit over the Year and quarter: Significant improvement in profitability for VINAYAK POLYCON INTERNATIONAL LIMITED. Notable increase of 33.33 % in net profit Year to Year, VINAYAK POLYCON INTERNATIONAL LIMITED’s profitability dropped by -67.88 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 27.27 % Year to Year. EPS decreased by -68.89 % 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. 4.871 Cr | Rs. 5.542 Cr | Rs. 4.198 Cr | -24.25 % | -13.82 % |
| Expenses | Rs. 4.5 Cr | Rs. 5.05 Cr | Rs. 3.89 Cr | -22.97 % | -13.56 % |
| Operating Profit | Rs. 0.37 Cr | Rs. 0.49 Cr | Rs. 0.31 Cr | -36.73 % | -16.22 % |
| OPM % | 7.6 % | 8.84 % | 7.38 % | -1.46 % | -0.22 % |
| Other Income | Rs. 0 Cr | Rs. 0.021 Cr | Rs. 0 Cr | 0 % | 0 % |
| Interest | Rs. 0.13 Cr | Rs. 0.1 Cr | Rs. 0.09 Cr | -10 % | -30.77 % |
| Depreciation | Rs. 0.2 Cr | Rs. 0.21 Cr | Rs. 0.17 Cr | -19.05 % | -15 % |
| Profit before tax | Rs. 0.04 Cr | Rs. 0.2 Cr | Rs. 0.05 Cr | -75 % | + 25 % |
| Tax % | 26.67 % | 32.18 % | 7.32 % | -24.86 % | -19.35 % |
| Net Profit | Rs. 0.03 Cr | Rs. 0.14 Cr | Rs. 0.04 Cr | -71.43 % | + 33.33 % |
| EPS in Rs | Rs. 0.11 | Rs. 0.45 | Rs. 0.14 | -68.89 % | + 27.27 % |
Today, we’re looking at VINAYAK POLYCON INTERNATIONAL 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 -13.82 %. However, it did see a marginal slip of -24.25 % from the previous quarter. Expenses decreased slightly by -22.97 % quarter-on-quarter, aligning with the annual decline of -13.56 %. Operating profit, while down -16.22 % compared to last year, faced a quarter-on-quarter dip of -36.73 %, 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 -0.22 %, but a shrinkage of -1.46 % sequentially. Interest expenses dropped significantly by -10 % from the previous quarter, yet the year-over-year decrease remains at a moderate -30.77 %. Depreciation costs fell by -19.05 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -15 %. Profit before tax grew annually by 25 % but saw a reduction from the preceding quarter by -75 %.
Tax expenses as a percentage of profits decreased slightly by -19.35 % compared to last year, with a more notable quarter-on-quarter decrease of -24.86 %. Net profit rose by 33.33 % year-on-year but witnessed a -71.43 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 27.27 % but a quarterly fall of -68.89 %. In summary, VINAYAK POLYCON INTERNATIONAL 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. 4.871 Cr | Rs. 5.542 Cr | Rs. 4.198 Cr | -24.25 % | -13.82 % |
| Expenses | Rs. 4.5 Cr | Rs. 5.05 Cr | Rs. 3.89 Cr | -22.97 % | -13.56 % |
| Operating Profit | Rs. 0.37 Cr | Rs. 0.49 Cr | Rs. 0.31 Cr | -36.73 % | -16.22 % |
| Net Profit | Rs. 0.03 Cr | Rs. 0.14 Cr | Rs. 0.04 Cr | -71.43 % | + 33.33 % |
| EPS in Rs | Rs. 0.11 | Rs. 0.45 | Rs. 0.14 | -68.89 % | + 27.27 % |
In reviewing VINAYAK POLYCON INTERNATIONAL LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -13.82 % year-on-year, although there was a slight dip of -24.25 % from the previous quarter. Expenses decreased by -13.56 % compared to the previous year, with a decrease of -22.97 % quarter-on-quarter. Operating Profit dropped by -16.22 % annually, and saw a -36.73 % decrease from the last quarter.
Net Profit showed yearly increase of 33.33 %, and experienced a -71.43 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 27.27 % annually, however dipped by -68.89 % compared to the last quarter. In essence, while VINAYAK POLYCON INTERNATIONAL 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.
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