Aditya Vision Q1 Results Achieves ₹71.82 Crores in Net Income Before Taxes

Aditya Vision Q1 Results: Aditya Vision has released its financial results for the first quarter (Q1) of the fiscal year ending June 2024. The table shows important figures in crores (₹). The total revenue for Q1 2024 is ₹888.78 crores. This is a significant increase compared to ₹641.23 crores in Q1 2023, highlighting a strong year-over-year (YoY) growth. The year-over-year comparison shows how much the company has improved over the year. The selling, general, and administrative expenses also increased to ₹20.57 crores from ₹15.38 crores in the previous year, indicating a year-over-year rise.

Aditya Vision's total operating expenses increased from ₹584.24 crores to ₹811.85 crores. However, the operating income grew to ₹76.93 crores from ₹56.99 crores YoY, showing that the company is effectively managing its costs. The net income before taxes also saw a year-over-year increase from ₹49.33 crores to ₹71.82 crores. Lastly, the diluted normalized earnings per share (EPS) increased to ₹43.51 from ₹31.11, which is another sign of strong YoY growth. The quarter-on-quarter (QoQ) comparisons show that the company has improved significantly since the last quarter, indicating positive momentum.

All figures are in crores, except for per share values:

Source: Here 

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Aditya Vision Q1 Results

The financial results for Aditya Vision for the quarter ending June 30, 2024, show positive growth compared to previous periods. The company made ₹888.78 million in revenue from operations, which is significantly higher than ₹375.67 million in the previous quarter and ₹641.23 million from the same quarter last year. This increase indicates strong sales performance. The total revenue, including other income, reached ₹890.46 million, compared to ₹377.46 million in the last quarter.

Aditya Vision’s Total expenses for the quarter were ₹818.64 million, which includes costs like materials, employee salaries, and finance costs. Despite the rising expenses, the company reported a profit before tax of ₹71.82 million, a noticeable improvement from ₹16.02 million in the last quarter. After accounting for taxes, which amounted to ₹18.74 million, the profit from continuing operations was ₹53.08 million. This figure shows a significant increase from ₹7.85 million in the previous quarter.

Aditya Vision’s earnings per share (EPS) also saw an impressive rise, with basic EPS at ₹41.38, compared to ₹6.18 in the last quarter. Overall, these results indicate that Aditya Vision is performing well, demonstrating growth in revenue and profitability, which is encouraging for investors.

Here's a summary of the standalone unaudited financial results for Aditya Vision for the quarter ended June 30, 2024, along with comparisons to the previous quarters:

(All figures in INR crores except EPS)

Aditya Vision Financial Metrics

Aditya Vision is a company with a market capitalization of ₹6,320 crore, indicating its total value in the stock market. The current stock price is ₹491, with a recent high of ₹575 and a low of ₹227, showing price fluctuations. The price-to-earnings (P/E) ratio is 68.1, suggesting investors are willing to pay more for each unit of earnings, indicating high growth expectations. The book value of ₹38 means the company has this amount of net assets per share. With a dividend yield of 0.20%, investors receive a small return on their investment. 

Here's the information you provided about the market cap and stock details presented in a clear table format:

Quarterly Results 

The table shows the quarterly financial results for Aditya Vision, a company in India. It covers three quarters: December 2023, March 2024, and June 2024. In December 2023, Aditya Vision had sales of ₹413 crores and a net profit of ₹22 crores. In March 2024, sales decreased slightly to ₹376 crores, and the net profit dropped to ₹8 crores. However, in June 2024, the company's performance improved significantly, with sales soaring to ₹889 crores and a net profit of ₹53 crores.

Here’s the table for the quarters Dec 2023, Mar 2024, and Jun 2024, focusing on the particulars:

(Figures in Rs. Crores)

About Aditya Vision 

Aditya Vision is a popular retail chain for consumer electronics, based in Patna, Bihar. It started in 1999 with just one store and has grown to become a trusted name in the industry. Now, Aditya Vision has over 100 outlets in all districts of Bihar and in major cities of Jharkhand and Uttar Pradesh (Purvanchal). The store offers a wide range of products, including mobile phones, laptops, televisions, air conditioners, and kitchen appliances.

Aditya Vision is known for its great shopping experience and excellent after-sales service, which helps ensure customers are happy with their purchases. The company has served over 10 million satisfied customers over the years. Notably, it is also the first consumer electronics retailer in India to be listed on the Bombay Stock Exchange, marking a significant achievement in its journey.