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Univastu India Ltd Q1 Results Revenue ₹28.07 Crores Net Profit ₹1.48 Crores Diluted EPS ₹1.30

Univastu India Ltd’s Q1 results for June 2024 showed a slight revenue decline of 0.71% QoQ but a 4.83% YoY increase and Operating income surged 90.38% QoQ and 45.35% YoY, reflecting strong financial performance.  

by Priyanka P

Updated Sep 05, 2024

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Univastu India Ltd Q1 Results Revenue ₹28.07 Crores Net Profit ₹1.48 Crores Diluted EPS ₹1.30

Univastu India Ltd Q1 Results: In Q1 of the fiscal year ending June 2024, Univastu India reported total revenue of ₹28.07 crores, which is a slight decrease of 0.71% compared to the previous quarter but a 4.83% increase year-over-year (YoY). Selling, General, and Administrative Expenses were ₹1.54 crores, up 2.00% QoQ and 17.34% YoY, indicating rising administrative costs.

Depreciation and Amortization increased to ₹0.28 crores, showing a 20.24% YoY rise from ₹0.23 crores. Other Operating Expenses decreased by 7.52% QoQ but were up 30.27% YoY, reflecting a reduction from the previous quarter but an increase compared to the same period last year. Total Operating Expenses fell by 22.94% QoQ to ₹24.11 crores but were slightly higher (0.23%) YoY.

Operating Income saw a significant increase of 90.38% QoQ to ₹3.97 crores and a 45.35% YoY improvement. Net Income Before Taxes and Net Income also improved substantially, with increases of 250.00% QoQ and 82.29% YoY for the former, and 159.65% QoQ and 47.65% YoY for the latter. Diluted Normalized EPS was ₹1.30, up 160.00% QoQ and 47.73% YoY. Despite some quarter-on-quarter fluctuations, Univastu India demonstrated robust year-over-year growth in net income and earnings per share.

Here's the information presented in a simple table format:

Metric

Jun 24

Mar 23

QoQ Comp (%)

Jun 23

YoY Comp (%)

Total Revenue

28.07

28.27

-28.47

26.78

4.83

Selling/General/Admin Expenses Total

1.54

1.51

-52.05

1.31

17.34

Depreciation/Amortization

0.28

0.22

-29.57

0.23

20.24

Other Operating Expenses Total

2.09

2.26

-41.19

1.60

30.27

Total Operating Expense

24.11

26.18

-22.94

24.05

0.23

Operating Income

3.97

2.09

-50.19

2.73

45.35

Net Income Before Taxes

3.06

0.87

-55.17

1.68

82.29

Net Income

1.48

0.57

-54.91

1.00

47.65

Diluted Normalized EPS

1.30

0.50

-54.86

0.88

47.73
 

Source: Here 

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Univastu India Ltd Q1 Results

The unaudited financial results for Univastu India for the quarter ending June 30, 2024, reveal a mixed performance compared to previous periods. Revenue from operations was ₹1,792.12 lakh, slightly down from ₹1,806.30 lakh in the same quarter last year but significantly less than ₹2,724.89 lakh in the previous quarter.

Other income amounted to ₹75.44 lakh, an increase from ₹42.70 lakh a year ago but lower than ₹143.99 lakh from the last quarter. This resulted in a total income of ₹1,867.56 lakh for the quarter, slightly higher than ₹1,849.00 lakh a year earlier but lower than ₹2,868.88 lakh previously.

Expenses for the quarter were ₹1,691.40 lakh, lower than ₹1,747.26 lakh from the same quarter last year and ₹2,481.50 lakh from the previous quarter. This reduction in expenses contributed to a profit before tax of ₹176.16 lakh, an improvement over ₹101.74 lakh from the previous year but less than ₹387.38 lakh from the last quarter.

After accounting for taxes, the net profit was ₹147.06 lakh, up from ₹76.93 lakh a year ago but down from ₹324.95 lakh in the previous quarter. Earnings per share for this quarter stood at ₹1.29, higher than ₹0.68 from the same quarter last year but lower than ₹2.86 from the previous quarter. Overall, while the company’s performance shows positive year-on-year profit growth, there has been a notable decline from the previous quarter.

Here is the financial data presented in a tabular format:

(All values are in lakhs)

Particulars Quarter Ended Year Ended
  June 30, 2024 March 31, 2024
Revenue from operations 1,792.12 2,724.89
Other income 75.44 143.99
Total income 1,867.56 2,868.88
Expenses    
(a) Cost of construction 1,320.18 2,094.82
(b) Employee benefits expense 105.44 131.47
(c) Finance cost 100.27 120.57
(d) Depreciation and amortisation 26.04 37.80
(e) Other expenses 139.47 96.84
Total expenses 1,691.40 2,481.50
Profit / (Loss) before tax 176.16 387.38
Tax expense / (credit) (net)    
(a) Current tax 30.00 70.89
(b) Deferred tax expense / (benefit) (0.90) (8.46)
Total tax expense 29.10 62.43
Net Profit / (Loss) after tax 147.06 324.95
Other Comprehensive Income (OCI)    
(i) Items that will not be reclassified to profit and loss    
(a) Premeasurement of defined benefit plan - 0.21
(b) Income tax relating to items that will not be reclassified to profit and loss - (0.05)
Total other comprehensive income / (loss) - 0.16
Total comprehensive income for the year 147.06 325.11
Earnings per share    
(a) Basic in ₹ 1.29 2.86
(b) Diluted in ₹ 1.29 2.86
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Univastu India Ltd Growth Comparison 

The table provides key details about a company's stock. The market cap, or total value of all shares, is ₹207 crore. The current stock price is ₹182. The highest price over a period was ₹240, and the lowest was ₹91.2. The stock price-to-earnings ratio (P/E) is 26.5, indicating how much investors are willing to pay per unit of earnings. The book value of the stock is ₹45.7, and the dividend yield is 0.00%, meaning no dividends are paid. The return on capital employed (ROCE) is 23.3%, and return on equity (ROE) is 14.6%. The face value of the stock is ₹10.

Parameter Value
Market Cap ₹207 Cr.
Current Price ₹182
High / Low ₹240 / ₹91.2
Stock P/E 26.5
Book Value ₹45.7
Dividend Yield 0.00 %
ROCE 23.3 %
ROE 14.6 %
Face Value ₹10.0
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Quarterly Results 

The table presents the financial results for each quarter from June 2021 to June 2024. It details Sales, which are the total revenues earned, and Expenses, the costs incurred. Operating Profit reflects the profit from core business activities after expenses, with the OPM % showing the percentage of operating profit relative to sales. Other Income includes additional earnings not related to core operations, while Interest indicates the cost of borrowed funds. Depreciation shows the decrease in asset value over time. Profit before Tax is the profit before taxes are deducted, and Tax % represents the tax rate. Net Profit is the final profit after taxes, and EPS (Earnings Per Share) measures the profit allocated to each share of stock.

Here is the data presented in a tabular column format:

Metric Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Sales 26.78 24.53 29.93 39.25 28.07
Expenses 23.82 20.44 25.21 30.89 23.83
Operating Profit 2.96 4.09 4.72 8.36 4.24
OPM % 11.05% 16.67% 15.77% 21.30% 15.11%
Other Income 0.43 0.72 0.10 0.09 0.11
Interest 1.48 1.59 1.14 1.22 1.01
Depreciation 0.23 0.33 0.28 0.40 0.28
Profit before Tax 1.68 2.89 3.40 6.83 3.06
Tax % 27.38% 34.26% 27.06% 32.94% 31.37%
Net Profit 1.22 1.90 2.49 4.58 2.10
EPS in Rs 0.88 1.31 1.37 2.88 1.30
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About Univastu India Ltd

Univastu India Ltd started in 2009 with just five members and has grown significantly with a global vision. The company is dedicated to achieving success through collaboration, as reflected in their mission, "Let's Succeed Together!" Univastu places strong emphasis on building trust and maintaining relationships with clients and partners. Their focus on endurance and sustainability has helped them thrive in changing business environments.

The company aims to be among India's top firms by 2025, leveraging advanced technology and a skilled workforce. Univastu is committed to excellence in every project, whether in housing, commercial, or infrastructure, and upholds high standards of quality, safety, and timely delivery. Their core values include safety, quality, trust, commitment, integrity, and innovation.

Univastu India Ltd Q1 Results - FAQs

1. What was Univastu India Ltd’s total revenue for Q1 ending June 2024?  

Univastu India Ltd reported a total revenue of ₹28.07 crores for Q1 ending June 2024.

2. How did Univastu India Ltd's revenue in Q1 of June 2024 compare to the previous quarter?  

Univastu India Ltd's revenue decreased by 0.71% QoQ in Q1 of June 2024.

3. What was the year-over-year growth in Univastu India Ltd’s revenue for Q1 June 2024?

Univastu India Ltd’s revenue grew by 4.83% YoY for Q1 June 2024.

4. How did Univastu India Ltd's Selling, General, and Administrative Expenses change QoQ?  

Univastu India Ltd’s Selling, General, and Administrative Expenses increased by 2.00% QoQ.

5. What was the YoY percentage increase in Univastu India Ltd’s Depreciation and Amortization in Q1 June 2024?  

Univastu India Ltd’s Depreciation and Amortization increased by 20.24% YoY.

6.  What was the change in Univastu India Ltd's Other Operating Expenses from the previous quarter?  

Univastu India Ltd’s Other Operating Expenses decreased by 7.52% QoQ.

7. How did Univastu India Ltd's Total Operating Expenses compare YoY?  

Univastu India Ltd’s Total Operating Expenses were slightly higher by 0.23% YoY.

8. What was the QoQ change in Univastu India Ltd's Operating Income for Q1 June 2024?  

Univastu India Ltd’s Operating Income increased by 90.38% QoQ.

9. How much did Univastu India Ltd’s Net Income Before Taxes improve QoQ?  

Univastu India Ltd’s Net Income Before Taxes improved by 250.00% QoQ.

10.  What was the YoY growth in Univastu India Ltd's Net Income for Q1 June 2024?  

Univastu India Ltd’s Net Income grew by 47.65% YoY.

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