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Share the post "VINNY OVERSEAS ‘s Q2 Update: Revenue Decreases by 2.37% Year-on-Year"
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 -2.37 % over the year, substantial increase in net sales/revenue by 9.28 %.
- 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 73.97 %. Marginal decrease of -33.85% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for VINNY OVERSEAS LIMITED. Profit dropped by -91.7 % Year to Year, VINNY OVERSEAS LIMITED’s profitability dropped by -65.56 % Quarter to Quarter.
- EPS over the Year and quarter:
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 33.009 Cr | Rs. 29.491 Cr | Rs. 32.228 Cr | + 9.28 % | -2.37 % |
| Expenses | Rs. 29.53 Cr | Rs. 27.36 Cr | Rs. 30.04 Cr | + 9.8 % | + 1.73 % |
| Operating Profit | Rs. 3.48 Cr | Rs. 2.13 Cr | Rs. 2.19 Cr | + 2.82 % | -37.07 % |
| OPM % | 10.54 % | 7.22 % | 6.8 % | -0.42 % | -3.74 % |
| Other Income | Rs. 0.073 Cr | Rs. 0.192 Cr | Rs. 0.127 Cr | -33.85 % | + 73.97 % |
| Interest | Rs. 0.33 Cr | Rs. 0.38 Cr | Rs. 0.4 Cr | + 5.26 % | + 21.21 % |
| Depreciation | Rs. 1.16 Cr | Rs. 1.44 Cr | Rs. 1.33 Cr | -7.64 % | + 14.66 % |
| Profit before tax | Rs. 2.06 Cr | Rs. 0.5 Cr | Rs. 0.59 Cr | + 18 % | -71.36 % |
| Tax % | 15.44 % | 15.97 % | 75.34 % | + 59.37 % | + 59.9 % |
| Net Profit | Rs. 1.75 Cr | Rs. 0.42 Cr | Rs. 0.15 Cr | -64.29 % | -91.43 % |
| EPS in Rs | Rs. 0.08 | Rs. 0.02 | Rs. 0 | 0 % | 0 % |
Today, we’re looking at VINNY OVERSEAS LIMITED’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -2.37 %. However, it did see a marginal increase of 9.28 % from the previous quarter. Expenses ticked up slightly by 9.8 % quarter-on-quarter, aligning with the annual rise of 1.73 %. Operating profit, while down -37.07 % compared to last year, faced a quarter-on-quarter increase of 2.82 %, 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 -3.74 %, but a shrinkage of -0.42 % sequentially. Other income fell by -33.85 % compared to the last quarter, despite an annual growth of 73.97 %. Interest expenses surged remarkably by 5.26 % from the previous quarter, yet the year-over-year increase remains at a moderate 21.21 %. Depreciation costs fell by -7.64 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 14.66 %. Profit before tax declined annually by -71.36 % but saw an increase from the preceding quarter by 18 %.
Tax expenses as a percentage of profits increased slightly by 59.9 % compared to last year, with a more notable quarter-on-quarter increase of 59.37 %. Net profit fell by -91.43 % year-on-year but witnessed a -64.29 % contraction from the last quarter. In summary, VINNY OVERSEAS 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. 33.009 Cr | Rs. 29.491 Cr | Rs. 32.228 Cr | + 9.28 % | -2.37 % |
| Expenses | Rs. 29.53 Cr | Rs. 27.36 Cr | Rs. 30.04 Cr | + 9.8 % | + 1.73 % |
| Operating Profit | Rs. 3.48 Cr | Rs. 2.13 Cr | Rs. 2.19 Cr | + 2.82 % | -37.07 % |
| Net Profit | Rs. 1.75 Cr | Rs. 0.42 Cr | Rs. 0.15 Cr | -64.29 % | -91.43 % |
| EPS in Rs | Rs. 0.08 | Rs. 0.02 | Rs. 0 | 0 % | 0 % |
In reviewing VINNY OVERSEAS LIMITED’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -2.37 % year-on-year, however, there was a minor increase of 9.28 % from the previous quarter. Expenses rose by 1.73 % compared to the previous year, with a 9.8 % increase quarter-on-quarter. Operating Profit dropped by -37.07 % annually, and saw a 2.82 % increase from the last quarter.
Net Profit showed yearly decrease of -91.43 %, and experienced a -64.29 % decrease from the previous quarter. In essence, while VINNY OVERSEAS LIMITED faces strong annual decline 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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