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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 -5.05 % over the year, decrease in net sales/revenue by -14.06 %.
- 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 150 %. Marginal increase in other income during this quarter, up by 25%.
- Profit over the Year and quarter: Significant improvement in profitability for Virat Crane Industries Ltd. Notable increase of 24.02 % in net profit Year to Year, Virat Crane Industries Ltd’s profitability dropped by -44.86 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 24.14 % Year to Year. EPS decreased by -44.9 % 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. 32.629 Cr | Rs. 36.049 Cr | Rs. 30.982 Cr | -14.06 % | -5.05 % |
| Expenses | Rs. 30.04 Cr | Rs. 31.8 Cr | Rs. 27.83 Cr | -12.48 % | -7.36 % |
| Operating Profit | Rs. 2.59 Cr | Rs. 4.25 Cr | Rs. 3.15 Cr | -25.88 % | + 21.62 % |
| OPM % | 7.94 % | 11.79 % | 10.17 % | -1.62 % | + 2.23 % |
| Other Income | Rs. 0.002 Cr | Rs. 0.004 Cr | Rs. 0.005 Cr | + 25 % | + 150 % |
| Interest | Rs. 0.13 Cr | Rs. 0.15 Cr | Rs. 0.12 Cr | -20 % | -7.69 % |
| Depreciation | Rs. 0.08 Cr | Rs. 0.11 Cr | Rs. 0.09 Cr | -18.18 % | + 12.5 % |
| Profit before tax | Rs. 2.38 Cr | Rs. 3.99 Cr | Rs. 2.95 Cr | -26.07 % | + 23.95 % |
| Tax % | 25.17 % | 0 % | 25.18 % | + 25.18 % | + 0.01 % |
| Net Profit | Rs. 1.78 Cr | Rs. 4 Cr | Rs. 2.21 Cr | -44.75 % | + 24.16 % |
| EPS in Rs | Rs. 0.87 | Rs. 1.96 | Rs. 1.08 | -44.9 % | + 24.14 % |
Today, we’re looking at Virat Crane Industries Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -5.05 %. However, it did see a marginal slip of -14.06 % from the previous quarter. Expenses decreased slightly by -12.48 % quarter-on-quarter, aligning with the annual decline of -7.36 %. Operating profit, while up 21.62 % compared to last year, faced a quarter-on-quarter dip of -25.88 %, 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 2.23 %, but a shrinkage of -1.62 % sequentially. Other income rose by 25 % compared to the last quarter, despite an annual growth of 150 %. Interest expenses dropped significantly by -20 % from the previous quarter, yet the year-over-year decrease remains at a moderate -7.69 %. Depreciation costs fell by -18.18 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 12.5 %. Profit before tax grew annually by 23.95 % but saw a reduction from the preceding quarter by -26.07 %.
Tax expenses as a percentage of profits increased slightly by 0.01 % compared to last year, with a more notable quarter-on-quarter increase of 25.18 %. Net profit rose by 24.16 % year-on-year but witnessed a -44.75 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 24.14 % but a quarterly fall of -44.9 %. In summary, Virat Crane Industries 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. 32.629 Cr | Rs. 36.049 Cr | Rs. 30.982 Cr | -14.06 % | -5.05 % |
| Expenses | Rs. 30.04 Cr | Rs. 31.8 Cr | Rs. 27.83 Cr | -12.48 % | -7.36 % |
| Operating Profit | Rs. 2.59 Cr | Rs. 4.25 Cr | Rs. 3.15 Cr | -25.88 % | + 21.62 % |
| Net Profit | Rs. 1.78 Cr | Rs. 4 Cr | Rs. 2.21 Cr | -44.75 % | + 24.16 % |
| EPS in Rs | Rs. 0.87 | Rs. 1.96 | Rs. 1.08 | -44.9 % | + 24.14 % |
In reviewing Virat Crane Industries Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -5.05 % year-on-year, although there was a slight dip of -14.06 % from the previous quarter. Expenses decreased by -7.36 % compared to the previous year, with a decrease of -12.48 % quarter-on-quarter. Operating Profit surged by 21.62 % annually, and saw a -25.88 % decrease from the last quarter.
Net Profit showed yearly increase of 24.16 %, and experienced a -44.75 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 24.14 % annually, however dipped by -44.9 % compared to the last quarter. In essence, while Virat Crane Industries 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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