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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 experienced a substantial growth of 7.05 % in the past year, decrease in net sales/revenue by -14.66 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -18.27 %, Marginal decrease of -67.05% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Vinyoflex Ltd.. Notable increase of 31.75 % in net profit Year to Year, Vinyoflex Ltd.’s profitability dropped by -27.07 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 31.50 % Year to Year. EPS decreased by -27.07 % 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. 9.344 Cr | Rs. 11.722 Cr | Rs. 10.003 Cr | -14.66 % | + 7.05 % |
| Expenses | Rs. 8.56 Cr | Rs. 10.44 Cr | Rs. 8.99 Cr | -13.89 % | + 5.02 % |
| Operating Profit | Rs. 0.78 Cr | Rs. 1.28 Cr | Rs. 1.01 Cr | -21.09 % | + 29.49 % |
| OPM % | 8.35 % | 10.92 % | 10.1 % | -0.82 % | + 1.75 % |
| Other Income | Rs. 0.104 Cr | Rs. 0.258 Cr | Rs. 0.085 Cr | -67.05 % | -18.27 % |
| Interest | Rs. 0.06 Cr | Rs. 0.04 Cr | Rs. 0.02 Cr | -50 % | -66.67 % |
| Depreciation | Rs. 0.1 Cr | Rs. 0.13 Cr | Rs. 0.13 Cr | + 0 % | + 30 % |
| Profit before tax | Rs. 0.72 Cr | Rs. 1.37 Cr | Rs. 0.95 Cr | -30.66 % | + 31.94 % |
| Tax % | 24.73 % | 27.84 % | 24.16 % | -3.68 % | -0.57 % |
| Net Profit | Rs. 0.55 Cr | Rs. 0.99 Cr | Rs. 0.72 Cr | -27.27 % | + 30.91 % |
| EPS in Rs | Rs. 1.27 | Rs. 2.29 | Rs. 1.67 | -27.07 % | + 31.5 % |
Today, we’re looking at Vinyoflex Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 7.05 %. However, it did see a marginal slip of -14.66 % from the previous quarter. Expenses decreased slightly by -13.89 % quarter-on-quarter, aligning with the annual rise of 5.02 %. Operating profit, while up 29.49 % compared to last year, faced a quarter-on-quarter dip of -21.09 %, 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 1.75 %, but a shrinkage of -0.82 % sequentially. Other income fell by -67.05 % compared to the last quarter, despite an annual decline of -18.27 %. Interest expenses dropped significantly by -50 % from the previous quarter, yet the year-over-year decrease remains at a moderate -66.67 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 30 %. Profit before tax grew annually by 31.94 % but saw a reduction from the preceding quarter by -30.66 %.
Tax expenses as a percentage of profits decreased slightly by -0.57 % compared to last year, with a more notable quarter-on-quarter decrease of -3.68 %. Net profit rose by 30.91 % year-on-year but witnessed a -27.27 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 31.5 % but a quarterly fall of -27.07 %. In summary, Vinyoflex 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. 9.344 Cr | Rs. 11.722 Cr | Rs. 10.003 Cr | -14.66 % | + 7.05 % |
| Expenses | Rs. 8.56 Cr | Rs. 10.44 Cr | Rs. 8.99 Cr | -13.89 % | + 5.02 % |
| Operating Profit | Rs. 0.78 Cr | Rs. 1.28 Cr | Rs. 1.01 Cr | -21.09 % | + 29.49 % |
| Net Profit | Rs. 0.55 Cr | Rs. 0.99 Cr | Rs. 0.72 Cr | -27.27 % | + 30.91 % |
| EPS in Rs | Rs. 1.27 | Rs. 2.29 | Rs. 1.67 | -27.07 % | + 31.5 % |
In reviewing Vinyoflex Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7.05 % year-on-year growth, although there was a slight dip of -14.66 % from the previous quarter. Expenses rose by 5.02 % compared to the previous year, with a decrease of -13.89 % quarter-on-quarter. Operating Profit surged by 29.49 % annually, and saw a -21.09 % decrease from the last quarter.
Net Profit showed yearly increase of 30.91 %, and experienced a -27.27 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 31.5 % annually, however dipped by -27.07 % compared to the last quarter. In essence, while Vinyoflex Ltd. 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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