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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 -17.64 % over the year, substantial increase in net sales/revenue by 28.04 %.
- 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 284.62 %. Marginal decrease of -90.53% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Vishal Bearings Limited. Profit dropped by -221.54 % Year to Year, Vishal Bearings Limited’s profitability increased by 233.58 % in this quarter.
- EPS over the Year and quarter: EPS declined by -165.15 % Year to Year. EPS increased by 244 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 28.209 Cr | Rs. 18.145 Cr | Rs. 23.233 Cr | + 28.04 % | -17.64 % |
| Expenses | Rs. 24.65 Cr | Rs. 16.77 Cr | Rs. 21.97 Cr | + 31.01 % | -10.87 % |
| Operating Profit | Rs. 3.56 Cr | Rs. 1.38 Cr | Rs. 1.26 Cr | -8.7 % | -64.61 % |
| OPM % | 12.62 % | 7.61 % | 5.42 % | -2.19 % | -7.2 % |
| Other Income | Rs. 0.013 Cr | Rs. 0.528 Cr | Rs. 0.05 Cr | -90.53 % | + 284.62 % |
| Interest | Rs. 0.96 Cr | Rs. 0.88 Cr | Rs. 1.12 Cr | + 27.27 % | + 16.67 % |
| Depreciation | Rs. 1.08 Cr | Rs. 1.54 Cr | Rs. 1.41 Cr | -8.44 % | + 30.56 % |
| Profit before tax | Rs. 1.53 Cr | Rs. -0.51 Cr | Rs. -1.22 Cr | -139.22 % | -179.74 % |
| Tax % | 26.42 % | -19.41 % | -12.76 % | + 6.65 % | -39.18 % |
| Net Profit | Rs. 1.13 Cr | Rs. -0.41 Cr | Rs. -1.37 Cr | -234.15 % | -221.24 % |
| EPS in Rs | Rs. 1.32 | Rs. -0.25 | Rs. -0.86 | -244 % | -165.15 % |
Today, we’re looking at Vishal Bearings Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -17.64 %. However, it did see a marginal increase of 28.04 % from the previous quarter. Expenses ticked up slightly by 31.01 % quarter-on-quarter, aligning with the annual decline of -10.87 %. Operating profit, while down -64.61 % compared to last year, faced a quarter-on-quarter dip of -8.7 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -7.2 %, but a shrinkage of -2.19 % sequentially. Other income fell by -90.53 % compared to the last quarter, despite an annual growth of 284.62 %. Interest expenses surged remarkably by 27.27 % from the previous quarter, yet the year-over-year increase remains at a moderate 16.67 %. Depreciation costs fell by -8.44 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 30.56 %. Profit before tax declined annually by -179.74 % but saw a reduction from the preceding quarter by -139.22 %.
Tax expenses as a percentage of profits decreased slightly by -39.18 % compared to last year, with a more notable quarter-on-quarter increase of 6.65 %. Net profit fell by -221.24 % year-on-year but witnessed a -234.15 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -165.15 % but a quarterly fall of -244 %. In summary, Vishal Bearings 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. 28.209 Cr | Rs. 18.145 Cr | Rs. 23.233 Cr | + 28.04 % | -17.64 % |
| Expenses | Rs. 24.65 Cr | Rs. 16.77 Cr | Rs. 21.97 Cr | + 31.01 % | -10.87 % |
| Operating Profit | Rs. 3.56 Cr | Rs. 1.38 Cr | Rs. 1.26 Cr | -8.7 % | -64.61 % |
| Net Profit | Rs. 1.13 Cr | Rs. -0.41 Cr | Rs. -1.37 Cr | -234.15 % | -221.24 % |
| EPS in Rs | Rs. 1.32 | Rs. -0.25 | Rs. -0.86 | -244 % | -165.15 % |
In reviewing Vishal Bearings Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -17.64 % year-on-year, however, there was a minor increase of 28.04 % from the previous quarter. Expenses decreased by -10.87 % compared to the previous year, with a 31.01 % increase quarter-on-quarter. Operating Profit dropped by -64.61 % annually, and saw a -8.7 % decrease from the last quarter.
Net Profit showed yearly decrease of -221.24 %, and experienced a -234.15 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -165.15 % annually, however dipped by -244 % compared to the last quarter. In essence, while Vishal Bearings 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.
