Share the post "Vippy Spinpro announces Q1 results: Profit Rises by 1214.29% YoY"
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 8.99 % in the past year, substantial increase in net sales/revenue by 10.81 %.
- 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 897.62 %. Marginal increase in other income during this quarter, up by 3.46%.
- Profit over the Year and quarter: Significant improvement in profitability for Vippy Spinpro Ltd.. Notable increase of 1260.74 % in net profit Year to Year, Vippy Spinpro Ltd.’s profitability dropped by -33.85 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 1,260.87 % Year to Year. EPS decreased by -33.83 % 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. 64.36 Cr | Rs. 63.302 Cr | Rs. 70.144 Cr | + 10.81 % | + 8.99 % |
| Expenses | Rs. 61.12 Cr | Rs. 56.37 Cr | Rs. 64.42 Cr | + 14.28 % | + 5.4 % |
| Operating Profit | Rs. 3.24 Cr | Rs. 6.93 Cr | Rs. 5.72 Cr | -17.46 % | + 76.54 % |
| OPM % | 5.03 % | 10.95 % | 8.15 % | -2.8 % | + 3.12 % |
| Other Income | Rs. 0.042 Cr | Rs. 0.405 Cr | Rs. 0.419 Cr | + 3.46 % | + 897.62 % |
| Interest | Rs. 0.71 Cr | Rs. 0.99 Cr | Rs. 1.15 Cr | + 16.16 % | + 61.97 % |
| Depreciation | Rs. 2.39 Cr | Rs. 2.66 Cr | Rs. 2.48 Cr | -6.77 % | + 3.77 % |
| Profit before tax | Rs. 0.18 Cr | Rs. 3.69 Cr | Rs. 2.51 Cr | -31.98 % | + 1294.44 % |
| Tax % | 26.23 % | 24.71 % | 27.16 % | + 2.45 % | + 0.93 % |
| Net Profit | Rs. 0.14 Cr | Rs. 2.78 Cr | Rs. 1.84 Cr | -33.81 % | + 1214.29 % |
| EPS in Rs | Rs. 0.23 | Rs. 4.73 | Rs. 3.13 | -33.83 % | + 1260.87 % |
Today, we’re looking at Vippy Spinpro 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 8.99 %. However, it did see a marginal increase of 10.81 % from the previous quarter. Expenses ticked up slightly by 14.28 % quarter-on-quarter, aligning with the annual rise of 5.4 %. Operating profit, while up 76.54 % compared to last year, faced a quarter-on-quarter dip of -17.46 %, 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 3.12 %, but a shrinkage of -2.8 % sequentially. Other income rose by 3.46 % compared to the last quarter, despite an annual growth of 897.62 %. Interest expenses surged remarkably by 16.16 % from the previous quarter, yet the year-over-year increase remains at a moderate 61.97 %. Depreciation costs fell by -6.77 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.77 %. Profit before tax grew annually by 1294.44 % but saw a reduction from the preceding quarter by -31.98 %.
Tax expenses as a percentage of profits increased slightly by 0.93 % compared to last year, with a more notable quarter-on-quarter increase of 2.45 %. Net profit rose by 1214.29 % year-on-year but witnessed a -33.81 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 1260.87 % but a quarterly fall of -33.83 %. In summary, Vippy Spinpro 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. 64.36 Cr | Rs. 63.302 Cr | Rs. 70.144 Cr | + 10.81 % | + 8.99 % |
| Expenses | Rs. 61.12 Cr | Rs. 56.37 Cr | Rs. 64.42 Cr | + 14.28 % | + 5.4 % |
| Operating Profit | Rs. 3.24 Cr | Rs. 6.93 Cr | Rs. 5.72 Cr | -17.46 % | + 76.54 % |
| Net Profit | Rs. 0.14 Cr | Rs. 2.78 Cr | Rs. 1.84 Cr | -33.81 % | + 1214.29 % |
| EPS in Rs | Rs. 0.23 | Rs. 4.73 | Rs. 3.13 | -33.83 % | + 1260.87 % |
In reviewing Vippy Spinpro Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 8.99 % year-on-year growth, however, there was a minor increase of 10.81 % from the previous quarter. Expenses rose by 5.4 % compared to the previous year, with a 14.28 % increase quarter-on-quarter. Operating Profit surged by 76.54 % annually, and saw a -17.46 % decrease from the last quarter.
Net Profit showed yearly increase of 1214.29 %, and experienced a -33.81 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 1260.87 % annually, however dipped by -33.83 % compared to the last quarter. In essence, while Vippy Spinpro 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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