Vintron Informatics Q1 Results Revenue Drops 100% QoQ & Stable YoY

Vintron Informatics Growth Comparison 

Vintron Informatics Q1 Results: Vintron Informatics saw significant changes in its financial performance compared to the previous quarter and the same quarter last year in the first quarter of 2024. The company had no revenue in this quarter, which is a big drop from ₹4.13 crore in the last quarter (a 100% decrease). Compared to the same quarter last year, there was no revenue change.

Vintron Informatics’ selling, general, and administrative expenses increased sharply by 300% from ₹0.01 crore in the previous quarter to ₹0.04 crore. These expenses also grew 400% compared to last year. Depreciation and amortization costs decreased by 50% from ₹0.02 crore to ₹0.01 crore, but this remained the same as last year.

Vintron Informatics’ other operating expenses fell by 65.85% from ₹0.41 crore to ₹0.14 crore, but this was a slight decrease of 6.67% compared to last year. Total operating expenses dropped dramatically by 96.66% from ₹5.98 crore to ₹0.20 crore, showing a significant cost-cutting effort.

Vintron Informatics’ operating income improved slightly, but remained negative at ₹-0.20 crore. Net income before taxes and net income also saw improvements but were still negative, showing a loss. The diluted normalized earnings per share (EPS) dropped by 91.67% from ₹-0.24 to ₹-0.02, indicating a very low loss per share. Overall, the company managed to reduce its losses compared to previous periods but still faced financial challenges.

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Vintron Informatics Q1 Results

Vintron Informatics’ financial results for the quarter ending on June 30, 2024, show a significant drop in performance compared to the previous periods. The company's revenue from operations was just 1.17 lakh INR, which is much lower than the revenue of 16,754.84 lakh INR reported for the year ending March 31, 2024. When adding other income, the total income for the current quarter is 5.64 lakh INR, whereas it was 16,759.06 lakh INR for the year. 

Vintron Informatics’ expenses for the quarter included costs like materials, employee benefits, and other operational costs, which resulted in a negative profit before tax of -19.43 lakh INR. This is a stark contrast to the positive profit before tax of 1,651.70 lakh INR for the previous year. They reported a loss of -19.43 lakh INR for both current and deferred tax expenses. 

Vintron Informatics’ earnings per share for the current quarter were -0.02 INR, compared to 2.11 INR for the year. The paid-up equity share capital is 733.56 lakh INR, and the reserves and surplus stand at 623.40 lakh INR. Overall, the company's financial performance this quarter shows a considerable decline, reflected in the negative earnings and lower revenue.

Vintron Informatics Financial Performance

Vintron Informatics table provides key financial details. The company has a market capitalization of ₹316 Crore, meaning that's the total value of all its shares combined. The current price of its stock is ₹40.40. The stock's highest price over a period was ₹54.00, while the lowest was ₹3.81. It has a Price-to-Earnings (P/E) ratio of 19.0, which shows how much investors are willing to pay for each unit of earnings. 

Here’s the information in table format:

Quarterly Results 

Vintron Informatics' financial performance over three quarters: December 2023, the company made Rs. 5.57 crores in sales and had expenses of Rs. 5.20 crores, resulting in a small operating profit of Rs. 0.37 crores. By March 2024, sales surged to Rs. 167.55 crores, and despite high expenses of Rs. 151.04 crores, the operating profit jumped to Rs. 16.51 crores. 

Here's the quarterly financial results table for Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores)

About Vintron Informatics 

Vintron Informatics is a leading company in India that specializes in making electronic security and surveillance products. Unlike many businesses in India that depend on South Asian countries for electronic and IT products, Vintron has made a name for itself as a trusted Indian manufacturer. This is because of our strong business ethics and advanced manufacturing technology, which help us stay ahead in a highly competitive market.

Vintron Informatics has a strong presence across India with dedicated sales channels, and we also provide OEM (Original Equipment Manufacturer) services to major companies. We have been making and selling a wide range of products since we started, including computer motherboards, monitors, and various electronic security and surveillance items.

Vintron Informatics manufacturing plant is highly efficient, with 10 high-speed SMT machines that can produce over 500,000 CCTV cameras every month. We are committed to high-quality standards and have received several important certifications, including RoHS, CE, FCC, and ISO. These certifications show that our products meet international standards for safety and quality.