Share the post "VMS INDUSTRIES announces Q1 results: Profit Rises by 306.67% 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 687.98 % in the past year, substantial increase in net sales/revenue by 15.04 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -80.46 %, Marginal decrease of -90.2% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for VMS INDUSTRIES LIMITED. Notable increase of 298.68 % in net profit Year to Year, VMS INDUSTRIES LIMITED’s profitability dropped by -56.12 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 188.89 % Year to Year. EPS decreased by -68.67 % 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. 13.379 Cr | Rs. 91.639 Cr | Rs. 105.424 Cr | + 15.04 % | + 687.98 % |
| Expenses | Rs. 13.52 Cr | Rs. 90.8 Cr | Rs. 103.13 Cr | + 13.58 % | + 662.8 % |
| Operating Profit | Rs. -0.14 Cr | Rs. 0.84 Cr | Rs. 2.29 Cr | + 172.62 % | + 1735.71 % |
| OPM % | -1.05 % | 0.92 % | 2.17 % | + 1.25 % | + 3.22 % |
| Other Income | Rs. 0.921 Cr | Rs. 1.836 Cr | Rs. 0.18 Cr | -90.2 % | -80.46 % |
| Interest | Rs. 0.46 Cr | Rs. 0.72 Cr | Rs. 1.41 Cr | + 95.83 % | + 206.52 % |
| Depreciation | Rs. 0.1 Cr | Rs. 0.16 Cr | Rs. 0.2 Cr | + 25 % | + 100 % |
| Profit before tax | Rs. 0.22 Cr | Rs. 1.8 Cr | Rs. 0.86 Cr | -52.22 % | + 290.91 % |
| Tax % | 32.59 % | 23.06 % | 29.86 % | + 6.8 % | -2.73 % |
| Net Profit | Rs. 0.15 Cr | Rs. 1.38 Cr | Rs. 0.61 Cr | -55.8 % | + 306.67 % |
| EPS in Rs | Rs. 0.09 | Rs. 0.83 | Rs. 0.26 | -68.67 % | + 188.89 % |
Today, we’re looking at VMS INDUSTRIES LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 687.98 %. However, it did see a marginal increase of 15.04 % from the previous quarter. Expenses ticked up slightly by 13.58 % quarter-on-quarter, aligning with the annual rise of 662.8 %. Operating profit, while up 1735.71 % compared to last year, faced a quarter-on-quarter increase of 172.62 %, 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 3.22 %, but an expansion of 1.25 % sequentially. Other income fell by -90.2 % compared to the last quarter, despite an annual decline of -80.46 %. Interest expenses surged remarkably by 95.83 % from the previous quarter, yet the year-over-year increase remains at a moderate 206.52 %. Depreciation costs climbed by 25 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 100 %. Profit before tax grew annually by 290.91 % but saw a reduction from the preceding quarter by -52.22 %.
Tax expenses as a percentage of profits decreased slightly by -2.73 % compared to last year, with a more notable quarter-on-quarter increase of 6.8 %. Net profit rose by 306.67 % year-on-year but witnessed a -55.8 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 188.89 % but a quarterly fall of -68.67 %. In summary, VMS INDUSTRIES 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. 13.379 Cr | Rs. 91.639 Cr | Rs. 105.424 Cr | + 15.04 % | + 687.98 % |
| Expenses | Rs. 13.52 Cr | Rs. 90.8 Cr | Rs. 103.13 Cr | + 13.58 % | + 662.8 % |
| Operating Profit | Rs. -0.14 Cr | Rs. 0.84 Cr | Rs. 2.29 Cr | + 172.62 % | + 1735.71 % |
| Net Profit | Rs. 0.15 Cr | Rs. 1.38 Cr | Rs. 0.61 Cr | -55.8 % | + 306.67 % |
| EPS in Rs | Rs. 0.09 | Rs. 0.83 | Rs. 0.26 | -68.67 % | + 188.89 % |
In reviewing VMS INDUSTRIES LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 687.98 % year-on-year growth, however, there was a minor increase of 15.04 % from the previous quarter. Expenses rose by 662.8 % compared to the previous year, with a 13.58 % increase quarter-on-quarter. Operating Profit surged by 1735.71 % annually, and saw a 172.62 % increase from the last quarter.
Net Profit showed yearly increase of 306.67 %, and experienced a -55.8 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 188.89 % annually, however dipped by -68.67 % compared to the last quarter. In essence, while VMS INDUSTRIES LIMITED 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.
