Share the post "Welspun Investments And Commercials announced Financial Results Q1 2024"
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 511.11 % in the past year, substantial increase in net sales/revenue by 4.76 %.
- Profit over the Year and quarter: Challenges in sustaining profitability for Welspun Investments and Commercials Limited. Profit dropped by -135.94 % Year to Year, Welspun Investments and Commercials Limited’s profitability dropped by -135.94 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -133.33 % Year to Year. EPS decreased by -133.33 % 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. 0.018 Cr | Rs. 0.105 Cr | Rs. 0.11 Cr | + 4.76 % | + 511.11 % |
Expenses | Rs. 0.08 Cr | Rs. 0.18 Cr | Rs. 0.08 Cr | -55.56 % | + 0 % |
Operating Profit | Rs. -0.06 Cr | Rs. -0.08 Cr | Rs. 0.03 Cr | + 137.5 % | + 150 % |
OPM % | -333.33 % | -76.19 % | 27.27 % | + 103.46 % | + 360.6 % |
Other Income | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Profit before tax | Rs. -0.06 Cr | Rs. -0.08 Cr | Rs. 0.03 Cr | + 137.5 % | + 150 % |
Tax % | -1.56 % | -17.95 % | 34.29 % | + 52.24 % | + 35.85 % |
Net Profit | Rs. -0.06 Cr | Rs. -0.06 Cr | Rs. 0.02 Cr | + 133.33 % | + 133.33 % |
EPS in Rs | Rs. -0.18 | Rs. -0.18 | Rs. 0.06 | + 133.33 % | + 133.33 % |
Today, we’re looking at Welspun Investments and Commercials 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 511.11 %. However, it did see a marginal increase of 4.76 % from the previous quarter. Expenses decreased slightly by -55.56 % quarter-on-quarter, aligning with the annual rise of 0 %. Operating profit, while up 150 % compared to last year, faced a quarter-on-quarter increase of 137.5 %, 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 360.6 %, but an expansion of 103.46 % sequentially. Profit before tax grew annually by 150 % but saw an increase from the preceding quarter by 137.5 %.
Tax expenses as a percentage of profits increased slightly by 35.85 % compared to last year, with a more notable quarter-on-quarter increase of 52.24 %. Net profit rose by 133.33 % year-on-year but experienced a 133.33 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 133.33 % but a quarterly rise of 133.33 %. In summary, Welspun Investments and Commercials 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. 0.018 Cr | Rs. 0.105 Cr | Rs. 0.11 Cr | + 4.76 % | + 511.11 % |
Expenses | Rs. 0.08 Cr | Rs. 0.18 Cr | Rs. 0.08 Cr | -55.56 % | + 0 % |
Operating Profit | Rs. -0.06 Cr | Rs. -0.08 Cr | Rs. 0.03 Cr | + 137.5 % | + 150 % |
Net Profit | Rs. -0.06 Cr | Rs. -0.06 Cr | Rs. 0.02 Cr | + 133.33 % | + 133.33 % |
EPS in Rs | Rs. -0.18 | Rs. -0.18 | Rs. 0.06 | + 133.33 % | + 133.33 % |
In reviewing Welspun Investments and Commercials Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 511.11 % year-on-year growth, however, there was a minor increase of 4.76 % from the previous quarter. Expenses rose by 0 % compared to the previous year, with a decrease of -55.56 % quarter-on-quarter. Operating Profit surged by 150 % annually, and saw a 137.5 % increase from the last quarter.
Net Profit showed yearly increase of 133.33 %, and experienced a 133.33 % increase from the previous quarter. Earnings Per Share (EPS) rose by 133.33 % annually, however rose by 133.33 % compared to the last quarter. In essence, while Welspun Investments and Commercials Limited 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.
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