Share the post "Visesh Infotecnics ‘s Q1 Financial results: Revenue Grows by 11.32% YoY"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 11.32 % in the past year, substantial increase in net sales/revenue by 11.32 %.
- Profit over the Year and quarter: Challenges in sustaining profitability for Visesh Infotecnics Ltd.. Profit dropped by -1.8 % Year to Year, Visesh Infotecnics Ltd.’s profitability dropped by -25.68 % Quarter to Quarter.
- EPS over the Year and quarter: EPS decreased by -100 % 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. 0.106 Cr | Rs. 0.106 Cr | Rs. 0.118 Cr | + 11.32 % | + 11.32 % |
| Expenses | Rs. 0.45 Cr | Rs. 0.71 Cr | Rs. 0.43 Cr | -39.44 % | -4.44 % |
| Operating Profit | Rs. -0.34 Cr | Rs. -0.6 Cr | Rs. -0.31 Cr | + 48.33 % | + 8.82 % |
| OPM % | -320.75 % | -566.04 % | -262.71 % | + 303.33 % | + 58.04 % |
| Other Income | Rs. 0.002 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.61 Cr | Rs. 0.61 Cr | Rs. 0.65 Cr | + 6.56 % | + 6.56 % |
| Profit before tax | Rs. -0.95 Cr | Rs. -1.21 Cr | Rs. -0.96 Cr | + 20.66 % | -1.05 % |
| Tax % | -12.21 % | -9.23 % | -14.94 % | -5.71 % | -2.73 % |
| Net Profit | Rs. -0.83 Cr | Rs. -1.1 Cr | Rs. -0.82 Cr | + 25.45 % | + 1.2 % |
| EPS in Rs | Rs. 0 | Rs. -0.01 | Rs. 0 | 0 % | 0 % |
Today, we’re looking at Visesh Infotecnics 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 11.32 %. However, it did see a marginal increase of 11.32 % from the previous quarter. Expenses decreased slightly by -39.44 % quarter-on-quarter, aligning with the annual decline of -4.44 %. Operating profit, while up 8.82 % compared to last year, faced a quarter-on-quarter increase of 48.33 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 58.04 %, but an expansion of 303.33 % sequentially. Depreciation costs climbed by 6.56 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 6.56 %. Profit before tax declined annually by -1.05 % but saw an increase from the preceding quarter by 20.66 %.
Tax expenses as a percentage of profits decreased slightly by -2.73 % compared to last year, with a more notable quarter-on-quarter decrease of -5.71 %. Net profit rose by 1.2 % year-on-year but experienced a 25.45 % expansion from the last quarter. In summary, Visesh Infotecnics 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. 0.106 Cr | Rs. 0.106 Cr | Rs. 0.118 Cr | + 11.32 % | + 11.32 % |
| Expenses | Rs. 0.45 Cr | Rs. 0.71 Cr | Rs. 0.43 Cr | -39.44 % | -4.44 % |
| Operating Profit | Rs. -0.34 Cr | Rs. -0.6 Cr | Rs. -0.31 Cr | + 48.33 % | + 8.82 % |
| Net Profit | Rs. -0.83 Cr | Rs. -1.1 Cr | Rs. -0.82 Cr | + 25.45 % | + 1.2 % |
| EPS in Rs | Rs. 0 | Rs. -0.01 | Rs. 0 | 0 % | 0 % |
In reviewing Visesh Infotecnics Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 11.32 % year-on-year growth, however, there was a minor increase of 11.32 % from the previous quarter. Expenses decreased by -4.44 % compared to the previous year, with a decrease of -39.44 % quarter-on-quarter. Operating Profit surged by 8.82 % annually, and saw a 48.33 % increase from the last quarter.
Net Profit showed yearly increase of 1.2 %, and experienced a 25.45 % increase from the previous quarter. In essence, while Visesh Infotecnics Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
