Vuenow Infratech Q1 Results Revenue at ₹13.24M & Net Income at ₹3.89M

Vuenow Infratech Q1 Results: Vuenow Infratech reported their financial results for the first quarter (Q1) on August 14, 2024. Vuenow Infratech Q1 Results saw a massive increase in revenue, with a staggering 7057.03% growth compared to the same period last year. However, compared to the previous quarter (Q4), revenue dropped by 53.56%. This large drop suggests some challenges in the recent quarter.

Vuenow Infratech’s expenses for Selling, General, and Administrative (SG&A) went up significantly. They rose by 82.34% from the previous quarter and by an enormous 11053.33% compared to last year. This indicates that the company’s operational costs have greatly increased.

Vuenow Infratech’s operating income, which is the profit from core business activities, increased by 4131.25% year-over-year but decreased slightly by 3.07% from the previous quarter. Net income, or the total profit after all expenses, also grew a lot by 4104.86% from last year but fell by 3.71% from the previous quarter.

Vuenow Infratech's Earnings Per Share (EPS) rose dramatically by 3260% year-over-year but decreased by 12.5% from the previous quarter. Overall, while Vuenow Infratech showed impressive yearly growth, they experienced some recent quarter setbacks and higher costs.

Here is the financial summary for Vuenow Infratech in table format:

Source: Here 

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Vuenow Infratech Q1 Results

In this quarter, Vuenow Infratech’s revenue from its operations was ₹1,324.05 lakh, which is lower than the previous quarter's ₹2,851.39 lakh but higher compared to the same quarter last year, which was ₹1,850.00 lakh. The total income, including any additional earnings, was ₹1,324.05 lakh.

Vuenow Infratech’s expenses for the quarter totaled ₹804.59 lakh, which includes costs such as purchasing stock, changes in stock inventory, employee benefits, finance costs, depreciation, and other expenses. This was significantly lower than the previous quarter's ₹2,312.32 lakh.

Vuenow Infratech made a profit before tax of ₹519.46 lakh this quarter, which is a decrease from the ₹530.07 lakh in the last quarter but better than the ₹125.10 lakh from the same quarter last year. After accounting for taxes, which were ₹10.89 lakh, the net profit was ₹389.97 lakh. This is slightly lower than the ₹404.36 lakh profit in the previous quarter but higher than the ₹92.60 lakh from the same period last year.

Vuenow Infratech’s equity share capital remains substantial, and the earnings per share for this quarter are ₹16.68 (basic) and ₹19.22 (diluted), reflecting the company’s ongoing financial performance.

Here's a simplified version of the standalone unaudited financial results for Good Value Irrigation for the quarter ended 30 June 2024:

(Rs. in Lakh, unless otherwise stated)

Vuenow Infratech Financial Performance

Vuenow Infratech's financial data shows that the company's market capitalization is ₹151 crore, meaning it's valued at this amount in the stock market. The current price of its stock is ₹85. The highest price it reached was ₹85, and the lowest was ₹4.99. The Price-to-Earnings (P/E) ratio is 17.0, indicating how much investors are willing to pay for each unit of profit. 

Here's a summary of the financial data for the company:

Quarterly Results 

The Vuenow Infratech table shows financial results for three quarters: Dec 2023, Mar 2024, and Jun 2024. In Dec 2023, the company made Rs. 5.55 crores in sales with Rs. 4.46 crores in expenses, resulting in an operating profit of Rs. 1.09 crores and a 19.64% operating profit margin. By Mar 2024, sales jumped to Rs. 28.51 crores with Rs. 22.86 crores in expenses, giving a higher profit of Rs. 5.65 crores and a margin of 19.82%. 

Here is the table for Vuenow Infratech, showing the data for Dec 2023, Mar 2024, and Jun 2024: