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Vani Commercials Q1 Results Revenue Increases to INR 139 Lakhs, Loss Before Tax of INR 20 Lakhs
Vani Commercials Q1 results showed a significant turnaround with total income rising to INR 139 lakhs from a negative INR 39 lakhs, despite a rise in expenses to INR 159 lakhs. Vani Commercials Q1 results also reported a loss before tax of INR 20 lakhs, reversing the previous quarter's profit of INR 36 lakhs.
by Madhumitha
Updated Sep 11, 2024
Table of Content
Vani Commercials recently released their financial results for the quarter ended 30th June 2024. The company reported a significant year-over-year (YoY) decrease in total income, which fell to INR 139 lakhs compared to a negative income of INR 39 lakhs for the previous quarter.
This represents a notable turnaround, although it is essential to highlight the year-over-year (YoY) variation. The expenses for the quarter also saw a significant increase, with a YoY rise of 112% in total expenses compared to the previous quarter's figures.
In terms of profitability, Vani Commercials experienced a year-over-year (YoY) loss before tax of INR 20 lakhs, contrasting with a profit of INR 36 lakhs in the same quarter last year.
The company's earnings per share remained at 0.00 INR for both basic and diluted shares, reflecting a year-over-year (YoY) consistency. Despite these challenges, Vani Commercials continues to navigate through dynamic financial conditions with a focus on maintaining its market presence.
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Vani Commercials Q1 Results 2024-2025
Vani Commercials has announced its financial performance for the first quarter of the fiscal year 2024.
| Particulars |
30.06.2024 |
Quarter Ended 31.03.2024 Audited) |
|---|---|---|
| Revenue From Operations | INR 139 lakhs | INR (39) lakhs |
| Other Income | INR 139 lakhs | INR (39) lakhs |
| Total Income (1+2) | INR 139 lakhs | INR (39) lakhs |
| Total Expenses | INR 159 lakhs | INR (75) lakhs |
| Profit/(Loss) before Exceptional Items and Tax (3-4) | INR (20) lakhs | INR 36 lakhs |
| Profit before Tax (5-6) | INR (20) lakhs | INR 36 lakhs |
| Profit/(Loss) for the Period (7-8) | INR (21) lakhs | INR (20) lakhs |
| Total Comprehensive Income for the Period | INR (21) lakhs | INR (20) lakhs |
| Reserve Excluding Revaluation Reserve | INR 11,74,06,200 | INR 11,74,06,200 |
| Paid-up Share Capital | INR 11,74,06,200 | INR 11,74,06,200 |
Source: Click Here
Vani Commercials Current Market Overview
Vani Commercials is currently trading at ₹11.3 per share, up by 1.99% as of 11th September 2024. The company's market capitalization is ₹13.3 crore, reflecting its overall size in the stock market. The stock has fluctuated between ₹15.5 and ₹8.50 recently.
With a price-to-earnings ratio of 55.2, Vani Commercials has a book value of ₹11.4 per share. The company does not offer any dividends at the moment and has a low return on equity of 1.81%. Despite these numbers, it continues to be a key player in the financial services sector.
| Metric | Value |
|---|---|
| Current Price | ₹11.3 |
| Change | +1.99% |
| Date | 11 Sep 2024 |
| Market Cap | ₹13.3 crore |
| High / Low | ₹15.5 / ₹8.50 |
| Stock P/E | 55.2 |
| Book Value | ₹11.4 |
| Dividend Yield | 0.00% |
| ROCE | 4.63% |
| ROE | 1.81% |
| Face Value | ₹10.0 |
Quarterly Results
Here is a summary of Vani Commercials's quarterly results for the periods ending March 2024, and June 2024:
| Metric | Mar 2024 | Jun 2024 |
|---|---|---|
| Sales | ₹-0.39 crore | ₹1.39 crore |
| Expenses | ₹0.16 crore | ₹0.80 crore |
| Operating Profit | ₹-0.55 crore | ₹0.59 crore |
| Other Income | ₹0.01 crore | ₹0.00 crore |
| Interest | ₹-0.90 crore | ₹0.78 crore |
| Depreciation | ₹0.00 crore | ₹0.01 crore |
| Profit Before Tax | ₹0.36 crore | ₹-0.20 crore |
| Tax % | 102.78% | 0.00% |
| Net Profit | ₹-0.01 crore | ₹-0.20 crore |
| EPS (Earnings Per Share) | ₹-0.01 | ₹-0.17 |
About Vani Commercials
Vani Commercials is a financial services company that focuses on providing tailored and high-quality solutions to its clients. The company has established itself as a key player in the industry by emphasizing expert service and quick responses to client needs.
Over the years, Vani Commercials has built a strong reputation for its commitment to integrity, excellence, and long-term client relationships. Their recent financial results show a mix of challenges and opportunities, reflecting their ongoing efforts to adapt and grow in a dynamic market.
Visit our website for more Q1 results.
Vani Commercials Q1 Results- FAQs
1. What was Vani Commercials' total income for Q1 2024?
Vani Commercials' total income for Q1 2024 was INR 139 lakhs.
2. What were Vani Commercials' expenses for the quarter that ended on 30th June 2024?
Vani Commercials' expenses for the quarter ended 30th June 2024 were INR 159 lakhs.
3. Did Vani Commercials report a profit or loss before tax for Q1 2024?
Vani Commercials reported a loss before tax of INR 20 lakhs for Q1 2024.
4. What was Vani Commercials' profit for the period ending 30th June 2024?
Vani Commercials had a loss of INR 21 lakhs for the period ending 30th June 2024.
5. How did Vani Commercials' revenue from operations in Q1 2024 compare to the previous quarter?
Vani Commercials' revenue from operations in Q1 2024 was INR 139 lakhs, compared to a negative INR 39 lakhs in the previous quarter.
6. What was Vani Commercials' other income for Q1 2024?
Vani Commercials' other income for Q1 2024 was INR 139 lakhs.
7. What was the operating profit for Vani Commercials in Q1 2024?
Vani Commercials' operating profit for Q1 2024 was INR 59 lakhs.
8. What was the total comprehensive income for Vani Commercials for the period ending 30th June 2024?
Vani Commercials' total comprehensive income for the period ended 30th June 2024 was a loss of INR 21 lakhs.
9. Did Vani Commercials have any depreciation expense in Q1 2024?
Yes, Vani Commercials had a depreciation expense of INR 0.01 lakhs in Q1 2024.
10. What was Vani Commercials' EPS for the quarter that ended on 30th June 2024?
Vani Commercials' EPS for the quarter ended 30th June 2024 was INR -0.17.