Vishal Bearingst Q1 results: loss at ₹1.37Cr, Revenue decreased by 17.64% YoY
Vishal Bearingst Q1 results: Revenue decreased by 17.64% YoY & loss at ₹1.37Cr
Vishal Bearingst Q1 Results Live : Vishal Bearingst Q1 Results Live: Vishal Bearingst declared their Q1 results on 12 Aug, 2024. The topline decreased by 17.64% and the loss came at ₹1.37 crore. It is noteworthy that Vishal Bearingst had declared a profit of ₹1.13 crore in the previous fiscal year's same period. However, as compared to the previous quarter, the revenue grew by 24.95%.
The Selling, General & Administrative expenses declined by 9.06% quarter-on-quarter but increased by 8.85% year-on-year. This indicates that while there were cost savings on a quarterly basis, the company faced higher expenses compared to the same period last year.
The operating income was down by a significant 149.02% quarter-on-quarter and decreased by 105.87% year-on-year. This substantial decline in operating income reflects the challenges the company faced during this period.
The Earnings Per Share (EPS) for Q1 stands at ₹-0.86, which has decreased by 165.15% year-on-year. This negative EPS further highlights the financial challenges Vishal Bearingst is currently experiencing.
In terms of stock performance, Vishal Bearingst has delivered a -4.84% return in the last week, -18.57% return in the last 6 months, and a -32.57% Year-To-Date (YTD) return. These figures indicate a downward trend in the company's stock performance over different time frames.
Currently, Vishal Bearingst has a market capitalization of ₹134.62 crore, with a 52-week high of ₹241.55 and a 52-week low of ₹118.65. This market cap and the 52-week range provide a snapshot of the company's valuation and stock price volatility over the past year.
Vishal Bearingst Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 23.23 | 18.6 | +24.95% | 28.21 | -17.64% |
| Selling/ General/ Admin Expenses Total | 3.8 | 4.18 | -9.06% | 3.49 | +8.85% |
| Depreciation/ Amortization | 1.41 | 1.53 | -8.06% | 1.08 | +30.27% |
| Total Operating Expense | 23.38 | 18.3 | +27.76% | 25.73 | -9.15% |
| Operating Income | -0.15 | 0.3 | -149.02% | 2.48 | -105.87% |
| Net Income Before Taxes | -1.22 | -0.51 | -138.22% | 1.53 | -179.28% |
| Net Income | -1.37 | -0.41 | -233.56% | 1.13 | -221.54% |
| Diluted Normalized EPS | -0.86 | -0.25 | -244% | 1.32 | -165.15% |
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