Share the post "VXL Instruments ‘s Q1 Results: Profit Drops by 63.46% 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’s sales declined by -78.43 % over the year, decrease in net sales/revenue by -32.11 %.
- Income over the Year and quarter: Marginal increase in other income during this quarter, up by 233.33%.
- Profit over the Year and quarter: Significant improvement in profitability for VXL Instruments Ltd.. Notable increase of 64.16 % in net profit Year to Year, VXL Instruments Ltd.’s profitability increased by 70.74 % in this quarter.
- EPS over the Year and quarter: EPS increased by 64.10 % Year to Year. EPS increased by 72.97 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 3.079 Cr | Rs. 0.978 Cr | Rs. 0.664 Cr | -32.11 % | -78.43 % |
| Expenses | Rs. 3.5 Cr | Rs. 1.31 Cr | Rs. 1.37 Cr | + 4.58 % | -60.86 % |
| Operating Profit | Rs. -0.42 Cr | Rs. -0.33 Cr | Rs. -0.71 Cr | -115.15 % | -69.05 % |
| OPM % | -13.64 % | -33.74 % | -106.93 % | -73.19 % | -93.29 % |
| Other Income | Rs. 0 Cr | Rs. -0.003 Cr | Rs. 0.004 Cr | + 233.33 % | 0 % |
| Interest | Rs. 0.04 Cr | Rs. 0.07 Cr | Rs. 0.05 Cr | -28.57 % | + 25 % |
| Depreciation | Rs. 0.06 Cr | Rs. 0.09 Cr | Rs. 0.1 Cr | + 11.11 % | + 66.67 % |
| Profit before tax | Rs. -0.52 Cr | Rs. -0.49 Cr | Rs. -0.86 Cr | -75.51 % | -65.38 % |
| Tax % | -0 % | -0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -0.52 Cr | Rs. -0.5 Cr | Rs. -0.85 Cr | -70 % | -63.46 % |
| EPS in Rs | Rs. -0.39 | Rs. -0.37 | Rs. -0.64 | -72.97 % | -64.1 % |
Today, we’re looking at VXL Instruments 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 -78.43 %. However, it did see a marginal slip of -32.11 % from the previous quarter. Expenses ticked up slightly by 4.58 % quarter-on-quarter, aligning with the annual decline of -60.86 %. Operating profit, while down -69.05 % compared to last year, faced a quarter-on-quarter dip of -115.15 %, 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 -93.29 %, but a shrinkage of -73.19 % sequentially. Other income rose by 233.33 % compared to the last quarter, Interest expenses dropped significantly by -28.57 % from the previous quarter, yet the year-over-year increase remains at a moderate 25 %. Depreciation costs climbed by 11.11 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 66.67 %. Profit before tax declined annually by -65.38 % but saw a reduction from the preceding quarter by -75.51 %.
Net profit fell by -63.46 % year-on-year but witnessed a -70 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -64.1 % but a quarterly fall of -72.97 %. In summary, VXL Instruments 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. 3.079 Cr | Rs. 0.978 Cr | Rs. 0.664 Cr | -32.11 % | -78.43 % |
| Expenses | Rs. 3.5 Cr | Rs. 1.31 Cr | Rs. 1.37 Cr | + 4.58 % | -60.86 % |
| Operating Profit | Rs. -0.42 Cr | Rs. -0.33 Cr | Rs. -0.71 Cr | -115.15 % | -69.05 % |
| Net Profit | Rs. -0.52 Cr | Rs. -0.5 Cr | Rs. -0.85 Cr | -70 % | -63.46 % |
| EPS in Rs | Rs. -0.39 | Rs. -0.37 | Rs. -0.64 | -72.97 % | -64.1 % |
In reviewing VXL Instruments Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -78.43 % year-on-year, although there was a slight dip of -32.11 % from the previous quarter. Expenses decreased by -60.86 % compared to the previous year, with a 4.58 % increase quarter-on-quarter. Operating Profit dropped by -69.05 % annually, and saw a -115.15 % decrease from the last quarter.
Net Profit showed yearly decrease of -63.46 %, and experienced a -70 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -64.1 % annually, however dipped by -72.97 % compared to the last quarter. In essence, while VXL Instruments Ltd. 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.
32
3-Year Profit
25
5-Year Profit
9
10-Year Profit
283
Current Price
3,055
Market Cap
For the company identified by BSE code 540797, the financial performance highlights a solid five-year profit of 25 units. This figure escalates to 32 units over the three-year period, pointing to positive momentum in its earnings. Despite these encouraging trends, the trailing twelve-month (TTM) figures uncover an alarming profit loss of 26 units. This decline, coupled with the fact that the company recorded zero sales across all periods examined, raises red flags about the sustainability of its business model and its ability to generate consistent revenue. Furthermore, the stock price fluctuations during this period further reflect the company's uncertain position. The stock started at 26 units but has since plummeted to 15 units recently, painting a picture of rapid decline. Over a longer ten-year horizon, the stock price stood at 0 units, further underscoring the long-term challenges the company faces in maintaining investor confidence and market value.
With a market capitalization of ₹3,055 crore, the company’s stock is currently trading at ₹283, having fluctuated within a range of ₹340 / 210 over the years. The stock's P/E ratio of 39.5 reflects a relatively high valuation compared to its earnings, which could suggest strong future growth expectations or heightened investor demand. The company’s book value is ₹92.6, representing the total value of its assets on a per-share basis, while the dividend yield of 0.42% offers a modest return to shareholders. ROCE, at 11.0%, highlights the company's efficient use of capital in generating profits, while ROE at 8.16% underscores its ability to generate returns for shareholders. The debt-to-equity ratio of 0.38 is very low, indicating conservative financial management and minimal reliance on borrowed funds. Despite this, the company shows a negative net cash flow of ₹14.9 crore, which could point to cash management challenges or recent heavy investments. The Piotroski score of 5.00 suggests moderate financial strength, while the Graham Number, pegged at ₹123, offers a rough estimate of the stock's intrinsic value. The Price-to-Book (P/B) ratio of 3.05 signals that the stock is trading at a premium, which might reflect investor confidence in the company's growth trajectory.
