Dynavision Q1 Results Total Income ₹3.27 Crores & Operating Profit ₹2.92 Crores

Dynavision Q1 Results: Dynavision’s Q1 results for June 2024 show a strong performance year-over-year (YoY), though there are some declines quarter-on-quarter (QoQ). Total revenue for the quarter was ₹3.27 crores, which is a big 54.48% increase year-over-year (YoY) compared to June 2023, when it was ₹2.11 crores. However, compared to the last quarter (March 2023), revenue dropped by 4.45%.

Dynavision’s operating income was ₹2.92 crores this quarter, which is a 31.69% increase year-over-year (YoY). This means Dynavision earned more from its operations compared to last year. However, quarter-on-quarter (QoQ), the income dropped by 8.56%, meaning they earned less from operations compared to March 2023.

Dynavision’s Net income for the company also grew by 8.63% year-over-year (YoY) to ₹1.84 crores, but it dropped by 10.31% quarter-on-quarter (QoQ). This shows the company’s yearly growth, but recent performance is lower than the previous quarter.

Dynavision’s diluted earnings per share (EPS), which shows how much profit was earned per share, increased by 8.62% year-over-year (YoY). Again, though, it was down 10.37% quarter-on-quarter (QoQ), showing some decline in recent profitability.

Here's a simple explanation of Dynavision's Q1 results for June 2024:

(All figures in crores)

Source: Here 

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Dynavision Q1 Results

Dynavision’s revenue from operations for June 2024 was ₹220.44 million, which is slightly higher than the ₹218.82 million from March 2024 and ₹211.42 million from June 2023. Other income, which includes earnings not from their main business, increased significantly to ₹80.02 million in June 2024, up from ₹40.75 million in March 2024. This makes their total income (revenue plus other income) ₹300.46 million for June 2024, higher than both March 2024 and June 2023.

Dynavision’s expenses has some key categories like employee benefits and finance costs stayed fairly steady across the quarters. However, there was a significant cost related to project execution at ₹2,841.24 million, which only appears in June 2024. Despite these costs, the company managed to make a good profit. Before taxes and exceptional items, the company made a profit of ₹238.12 million in June 2024, higher than in previous quarters.

Dynavision’s After accounting for tax expenses of ₹41 million, Dynavision’s profit for June 2024 stands at ₹197.12 million, showing growth compared to earlier quarters. Earnings per share also improved to ₹5.13 for June 2024.

Here's a breakdown of the key figures for better understanding:

(in millions)

Dynavision Financial Metrics

Dynavision’s stock table provides financial details about the Market Cap of ₹138 Crores,which shows the total value of all its shares. The Current Price of ₹358 is what investors pay for one share right now. The High / Low range of ₹379 and ₹148 indicates the highest and lowest prices the stock has traded at recently. The Stock P/E ratio of 20.9 means the stock is priced at 20.9 times its earnings. The Book Value of ₹47.1 is the value of the company’s assets per share. 

Here's the information in a table format:

Quarterly Results 

Dynavision's quarterly results for December 2023, March 2024, and June 2024 show strong performance. In December 2023, the company earned Rs. 2.60 crores in sales and had an operating profit of Rs. 2.03 crores, with a high operating profit margin of 78.08%. By March 2024, sales increased to Rs. 3.42 crores, and the operating profit grew to Rs. 2.88 crores, reflecting a higher profit margin of 84.21%. In June 2024, sales were Rs. 3.27 crores, and the operating profit was Rs. 2.74 crores, with a slight decrease in the profit margin to 83.79%. 

Here’s the quarterly results for December 2023, March 2024, and June 2024:

(Figures in Crores) 

About Dynavision 

Dynavision was founded in 1973 as a public company with both government and private involvement. The Tamilnadu Industrial Development Corporation. (TIDCO) partnered with private promoter Mr. P. Obul Reddy to start the company. 

Initially, Dynavision began producing black-and-white televisions in 1975 and later expanded to color televisions in 1982 under the brand name “DYANORA.” By 1994, the company shifted its focus to assembling color TVs, audio equipment, and video devices for Thomson Consumer Electronics India under a contract manufacturing agreement.

Thomson Consumer Electronics decided to stop its operations in India. This decision left Dynavision’s manufacturing facilities largely idle, with only minor job-work being done. To make use of the unused factory space, Dynavision has now leased its entire factory premises to Apollo Hospitals Enterprises. 

The new tenants plan to convert the space into world-class multi-specialty hospitals, ensuring that the facility is put to productive use once again. This marks a significant change in the company’s direction, from electronics manufacturing to supporting healthcare infrastructure.