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- Vivid Mercantile Q1 Results, Strong Total Income ₹974.44 Lakhs, Profit Before Tax ₹50.35 Lakhs
Vivid Mercantile Q1 Results, Strong Total Income ₹974.44 Lakhs, Profit Before Tax ₹50.35 Lakhs
Vivid Mercantile Q1 Results show a total income of ₹9.74 Cr., an operating profit of ₹0.24 Cr., and a profit after tax of ₹0.40 Cr., with an operating margin of 2.51%; Vivid Mercantile Q1 Results also reflect significant changes compared to the previous quarter.
by P Nandhini
Updated Sep 17, 2024
Table of Content
Vivid Mercantile Q1 Results 2024-2025 Live: Vivid Mercantile released its Q1 results for the financial year 2024-2025 on 17th July 2024. The company reported a total income of ₹974.44 lakhs, which represents a YoY increase of 102.64% compared to ₹480.82 lakhs in Q1 of the previous year.
Revenue from operations showed an impressive QoQ growth of 690.82%, rising from ₹119.85 lakhs in Q4 2023 to ₹947.90 lakhs in Q1 2024. However, other income dropped significantly QoQ, from ₹360.97 lakhs to ₹26.54 lakhs in the current quarter.
Despite higher operating costs, including a notable QoQ increase in the purchase of stock-in-trade, the company posted a profit before tax of ₹50.35 lakhs in Q1 2024, down from ₹326.61 lakhs in Q4 2023.
Profit for the period stood at ₹40.35 lakhs, reflecting a considerable QoQ decrease from the previous quarter. Earnings per share (EPS) also saw a decline, with the basic and diluted EPS reported at ₹0.40 for Q1 2024, compared to ₹3.26 in Q4 2023.
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Vivid Mercantile Q1 Results 2024 - 2025
Vivid Mercantile announced its Q1 financial results for the period ending June 30, 2024. The company saw strong revenue growth but faced a decline in profit compared to the previous quarter. Below is a detailed comparison of key financial metrics for Q1 2024-2025 and the previous quarter (Q4 2023-2024):
| Particulars | Q1 2024 (Unaudited) | Q4 2023 (Audited) | QoQ Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹947.90 lakhs | ₹119.85 lakhs | +690.82% |
| Other Income | ₹26.54 lakhs | ₹360.97 lakhs | -92.65% |
| Total Income | ₹974.44 lakhs | ₹480.82 lakhs | +102.64% |
| Purchase of Stock-in-Trade | ₹223.57 lakhs | ₹218.62 lakhs | +2.26% |
| Changes in Inventories | ₹689.74 lakhs | ₹(82.67) lakhs | -934.12% |
| Employee Benefit Expense | ₹3.26 lakhs | ₹13.29 lakhs | -75.47% |
| Other Expenses | ₹7.52 lakhs | ₹3.50 lakhs | +114.86% |
| Total Expenses | ₹924.09 lakhs | ₹154.21 lakhs | +499.21% |
| Profit Before Tax | ₹50.35 lakhs | ₹326.61 lakhs | -84.58% |
| Profit for the Period | ₹40.35 lakhs | ₹326.61 lakhs | -87.65% |
| Earnings Per Share (Basic & Diluted) | ₹0.40 | ₹3.26 | -87.72% |
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Vivid Mercantile Current Market Overview
Vivid Mercantile is currently trading at ₹69.9, showing a slight increase of 2.52% in its stock price. The company has a market capitalization of ₹70.1 crore, indicating its overall value in the market.
With a price-to-earnings (P/E) ratio of 4.72, the stock is considered relatively affordable compared to its earnings. The stock's highest price in the past year was ₹90.0, while the lowest was ₹44.1.
Despite its strong return on capital employed (33.2%) and return on equity (31.7%), Vivid Mercantile does not currently offer a dividend to its shareholders.
| Particulars | Details |
|---|---|
| Current Price | ₹69.9 |
| Price Change | +2.52% |
| Market Capitalization | ₹70.1 crore |
| 52-Week High/Low | ₹90.0 / ₹44.1 |
| Stock P/E | 4.72 |
| Book Value | ₹52.2 |
| Dividend Yield | 0.00% |
| Return on Capital Employed (ROCE) | 33.2% |
| Return on Equity (ROE) | 31.7% |
| Face Value | ₹10.0 |
Quarterly Results
Here is the Quarterly Results for Vivid Mercantile for the periods ending December 2023, March 2024, and June 2024:
| Particulars | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Cr.) | 7.18 | 2.55 | 9.48 |
| Expenses (₹ Cr.) | 12.36 | 1.01 | 9.25 |
| Operating Profit (₹ Cr.) | -5.18 | 1.54 | 0.23 |
| Operating Profit Margin (OPM %) | -72.14% | 60.39% | 2.43% |
| Other Income (₹ Cr.) | 9.20 | 9.40 | 0.27 |
| Depreciation (₹ Cr.) | 0.06 | -0.04 | 0.00 |
| Profit Before Tax (₹ Cr.) | 3.96 | 10.98 | 0.50 |
| Net Profit (₹ Cr.) | 3.32 | 9.66 | 0.40 |
| Earnings Per Share (EPS) (₹) | 3.31 | 9.64 | 0.40 |
About Vivid Mercantile
Vivid Mercantile is an Indian company involved in multiple businesses, including real estate, trading, graphic design, and printing. Established in 1994 as Vivid Offset Printers Private, the company initially focused on graphic design and later expanded into printing with advanced technology.
Over the years, Vivid Mercantile diversified into the trading of various products like pulses, garments, and metals. The company primarily operates in Gujarat, with plans to grow its customer base across India.
Vivid Mercantile also develops eco-friendly real estate, handling projects like residential, commercial, and industrial buildings.
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Vivid Mercantile Q1 Results - FAQs
1. What is Vivid Mercantile’s total income for Q1 2024?
Vivid Mercantile’s total income for Q1 2024 is ₹974.44 lakhs.
2. How much did Vivid Mercantile’s revenue from operations increase in Q1 2024?
Vivid Mercantile’s revenue from operations increased by 690.82% in Q1 2024.
3. What was Vivid Mercantile’s total income in Q4 2023?
Vivid Mercantile’s total income in Q4 2023 was ₹480.82 lakhs.
4. What is the QoQ change in Vivid Mercantile’s other income for Q1 2024?
Vivid Mercantile’s other income decreased by 92.65% in Q1 2024.
5. What was Vivid Mercantile’s profit before tax for Q1 2024?
Vivid Mercantile’s profit before tax for Q1 2024 was ₹50.35 lakhs.
6. How much did Vivid Mercantile’s profit before tax drop from Q4 2023 to Q1 2024?
Vivid Mercantile’s profit before tax dropped by 84.58% from Q4 2023 to Q1 2024.
7. What was Vivid Mercantile’s profit for the period in Q1 2024?
Vivid Mercantile’s profit for the period in Q1 2024 was ₹40.35 lakhs.
8. What was the EPS for Vivid Mercantile in Q1 2024?
The EPS for Vivid Mercantile in Q1 2024 was ₹0.40.
9. How did Vivid Mercantile’s EPS in Q1 2024 compare to Q4 2023?
Vivid Mercantile’s EPS in Q1 2024 decreased by 87.72% compared to Q4 2023.
10. What was the purchase of stock-in-trade for Vivid Mercantile in Q1 2024?
The purchase of stock-in-trade for Vivid Mercantile in Q1 2024 was ₹223.57 lakhs.