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Vardhman Acrylics Q1 Results Reported Revenue at ₹57.05 Crores, Net Profit of ₹4.34 Crores
Vardhman Acrylics Q1 Results show a total income of ₹61.14 crores, down 15.01% QoQ, with an operating profit of ₹2.14 crores and profit after tax of ₹4.34 crores, resulting in an operating margin of 3.49%, Vardhman Acrylics Q1 Results highlight market challenges.
by P Nandhini
Updated Sep 21, 2024
Table of Content
Vardhman Acrylics Q1 Results 2024-2025: Vardhman Acrylics announced their Q1 results on July 24, 2024, showing a decline in revenue of 16.56% year-over-year (YoY), down from ₹68.38 crores in the previous quarter to ₹57.05 crores this quarter.
The company also reported a decrease in total income from operations by 15.01% QoQ, indicating challenges in the market that affected their sales performance. In terms of profits, Vardhman Acrylics recorded a net profit of ₹4.34 crores for the quarter, which is a decrease of 17.97% YoY compared to ₹5.29 crores in the same quarter last year.
The company's expenses fell by 14.71% QoQ, primarily due to a drop in the cost of materials consumed. Despite these challenges, Vardhman Acrylics remains focused on improving efficiency and maintaining quality, hoping to bounce back in the upcoming quarters.
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Vardhman Acrylics Q1 Results 2024 - 2025
Here are the Q1 results for Vardhman Acrylics for the financial year 2024-2025. The table summarizes key financial figures, highlighting the changes compared to the previous quarter and the same quarter last year.
| Particulars | Q1 2024-2025 (Unaudited) | Q4 2023-2024 (Unaudited) |
|---|---|---|
| Revenue from Operations | ₹57.05 crores | ₹68.38 crores |
| Other Income | ₹4.09 crores | ₹3.58 crores |
| Total Income from Operations | ₹61.14 crores | ₹71.96 crores |
| Cost of Materials Consumed | ₹48.73 crores | ₹37.36 crores |
| Employee Benefits Expenses | ₹4.96 crores | ₹5.33 crores |
| Depreciation and Amortisation Expense | ₹0.73 crores | ₹1.36 crores |
| Finance Cost | ₹0.06 crores | ₹0.13 crores |
| Other Expenses | ₹13.14 crores | ₹16.25 crores |
| Total Expenses | ₹55.71 crores | ₹65.30 crores |
| Net Profit/(Loss) | ₹4.34 crores | ₹5.29 crores |
| Earnings Per Share (Basic & Diluted) | ₹0.54 | ₹0.64 |
| Paid-up Equity Capital | ₹80.36 crores | ₹80.36 crores |
| Other Equity | ₹166.95 crores | ₹162.61 crores |
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Vardhman Acrylics Current Market Overview
Vardhman Acrylics is currently trading at ₹59.9, showing a small increase of 1.13%. The company's market capitalization is ₹482 crores, indicating its overall value in the stock market. Over the past year, the stock has fluctuated between a high of ₹74.9 and a low of ₹49.9.
With a price-to-earnings (P/E) ratio of 22.5, it suggests that investors are willing to pay this amount for each unit of earnings. The company also offers a dividend yield of 3.34%, providing some return to its shareholders.
Overall, Vardhman Acrylics remains an important player in the market, with stable financial indicators.
| Parameter | Value |
|---|---|
| Current Stock Price | ₹59.9 |
| Price Change | +1.13% |
| Market Capitalization | ₹482 crores |
| 52-Week High / Low | ₹74.9 / ₹49.9 |
| Price-to-Earnings (P/E) Ratio | 22.5 |
| Book Value | ₹30.2 |
| Dividend Yield | 3.34% |
| Return on Capital Employed (ROCE) | 8.89% |
| Return on Equity (ROE) | 7.23% |
| Face Value | ₹10.0 |
Quarterly Results
Here are the quarterly results for Vardhman Acrylics focusing on the last three quarters: December 2023, March 2024, and June 2024. The table below summarizes key financial figures, including sales, expenses, and net profit.
| Financial Metrics | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (Rs. Crores) | 61.89 | 68.38 | 57.05 |
| Expenses (Rs. Crores) | 57.02 | 63.82 | 54.91 |
| Operating Profit (Rs. Crores) | 4.87 | 4.56 | 2.14 |
| Net Profit (Rs. Crores) | 5.60 | 5.29 | 4.34 |
| EPS (Rs) | 0.70 | 0.66 | 0.54 |
| Operating Profit Margin (OPM) | 7.87% | 6.67% | 3.75% |
| Tax % | 11.67% | 20.45% | 20.22% |
About Vardhman Acrylics
Vardhman Acrylics is a well-known Indian company that specializes in manufacturing acrylic fiber and tow. Established in 1999, it initially began as a joint venture with Japanese companies, bringing advanced technology to India.
The company operates a modern production facility in Jhagadia, Gujarat, where it produces a variety of acrylic products used in industries like hosiery, weaving, and home furnishings.
Vardhman Acrylics is committed to quality and innovation, aiming to meet the needs of customers both in India and around the world. Their products are marketed under the brand name VARLAN.
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Vardhman Acrylics Q1 Results - FAQs
1. What are the recent Q1 results for Vardhman Acrylics?
Vardhman Acrylics announced their Q1 results on July 24, 2024, reporting a revenue of ₹57.05 crores.
2. What was the revenue decline for Vardhman Acrylics compared to last year?
Vardhman Acrylics saw a revenue decline of 16.56% year-over-year.
3. How much did the total income from operations decrease for Vardhman Acrylics?
Total income from operations for Vardhman Acrylics decreased by 15.01% QoQ.
4. What was the net profit for Vardhman Acrylics in Q1 2024-2025?
Vardhman Acrylics recorded a net profit of ₹4.34 crores.
5. How much did Vardhman Acrylics' net profit decrease compared to last year?
The net profit for Vardhman Acrylics decreased by 17.97% YoY.
6. What was the earnings per share for Vardhman Acrylics in Q1?
The earnings per share for Vardhman Acrylics were ₹0.54.
7. What was the operating margin for Vardhman Acrylics?
The operating margin for Vardhman Acrylics was 3.49%.
8. How much did Vardhman Acrylics reduce their total expenses?
Vardhman Acrylics reduced their total expenses by 14.71% QoQ.
9. What is the dividend yield for Vardhman Acrylics?
The dividend yield for Vardhman Acrylics is 3.34%.
10. How did Vardhman Acrylics' finance costs compare to the previous quarter?
Vardhman Acrylics' finance costs decreased to ₹0.06 crores.