Vindhya Telelinks Q1 FY-25 Financials: PAT Slumps 50%, Revenue Dips 2% YoY

September 4, 2024586 Views Cables, EPC, Financials

Vindhya Telelinks Limited [NSE: VINDHYATEL, BOM: 517015], an Indian cable manufacturing company has announced its financial results for Q1 of FY-25.

Vindhya Telelinks’ Standalone Q1 FY-25 Financial Results

During Q1 of FY-25, Vindhya Telelinks earned a standalone revenue of Rs. 833.40 crore from operations and Profit After Tax (PAT) of Rs. 19.63 crore. The company reported its Earning Per Share (EPS) as Rs. 16.57 during Q1 of FY-25.

Consolidated Financial Results of Vindhya Telelinks for Q1 FY-25

Vindhya Telelinks’ Revenue Comparison: Q1 FY-24 vs. Q1 FY-25 vs. Q4 FY-24

YoY Comparison of Vindhya Telelinks’ Financial Performance: Q1 FY-25 vs. Q1 FY-24

Vindhya Telelinks’ revenue during Q1 of FY-25 decreased by 2.05% to Rs. 833.40 crore from Rs. 850.82 crore earned during Q1 of FY-24. However, the company’s PAT fell to Rs. 29.45 crore during Q1 of FY-25 from Rs. 58.84 crore, which was Vindhya’s PAT for Q1 of FY-24. This reflects a YoY decrease of 49.95% in the company’s PAT from Q1 FY-24 to Q1 FY-25.

Vindhya Telelinks’ PAT Comparison: Q1 FY-24 vs. Q1 FY-25 vs. Q4 FY-24

Proportionally, Vindhya Telelinks’ EPS slumped to Rs. 24.85 during Q1 of FY-25 from Rs. 49.65 during Q1 of FY-24.

QoQ Analysis of Vindhya Telelinks’ Financial Numbers: Q1 FY-25 vs. Q4 FY-24

On Quarter-over-Quarter (QoQ) basis, the company’s revenue decreased by 35.49% from Rs. 1,291.83 crore earned during last quarter of FY-24. Vindhya Telelinks’ PAT also fell drastically by 72.82% from its Rs. 108.35 crore PAT for Q4 of FY-24.

Segment-Wise Revenue Comparison of Vindhya Telelinks

Vindhya Telelinks’ Segment-wise Revenue: Q1 FY24 vs. Q1 FY25

Cables: Vindhya Telelinks earned a revenue of Rs. 178.92 crore from its Cables segment during Q1 of FY-25 against Rs. 151.80 crore logged during Q1 of FY-24. This shows an increase of 17.87% in the company’s segmental revenue.

EPC: The company’s revenue from EPC business decreased by 6.35% to Rs. 660.34 crore during Q1 of FY-25 from Rs. 705.11 crore, which was clocked for Q1 of FY-24. This segment usually makes up the bulk of Vindhaya Telelinks’ gross revenue*, and in Q1 of FY-25 the company generated 78.68% of gross revenue from its EPC business.

*Gross revenue of a company represents the sum total of segmental revenues before deducting inter-segmental revenue.

Vindhya Telelinks’ Stock 12% Down After Announcing Q1 FY-25 Financial Results

Post announcement of Vindhya Telelinks’ financial results, the company’s share price saw a significant drop of 12.04%. The company’s share price stood at Rs. 2,687.30 apiece on the day of announcement of its financial results, as compared to Rs. 2,363.80 apiece on the next trading day.

Further, volume of share trades of the company peaked at 3,84,000 trades one day after the announcement of Vindhya’s financials against 50,000 trades on the day of announcement. Therefore, compared to the day Vindhya announced its financials, volume of share trades increased to over 7 times on the next trading day.

About Vindhya Telelinks Limited: Vindhya Telelinks was formed as a Public-Private venture between Universal Cables Limited and the Madhya Pradesh State Industrial Development Corporation Limited. The company started production in 1986 from its plant at Rewa, Madhya Pradesh. Vindhya Telelinks Ltd. manufactures a wide variety of cables such as Optical Fibre Cables, Copper Cables, Power Cables, Solar Cables, and Telecom Fibre Accessories. The company has a substantial EPC portfolio.