Vitesse Agro Posts Quarterly Loss as Revenue Declines
The dairy company saw revenue fall 12% year-on-year in Q4 FY23, with a quarterly loss marking a sharp reversal from the prior quarter.
Vitesse Agro's Q4 FY23 results show a challenging quarter, with revenue declining and a net loss of ₹0.02 crore. The full-year picture remains subdued.
Vitesse Agro Ltd. closed its fiscal year with a difficult final quarter. Revenue fell and the company slipped into a net loss, reversing the marginal profit from the previous quarter. This marks a year of subdued performance for the dairy firm.
The latest quarter saw revenue of ₹4.34 crore, down 2.9% from Q3 and 12% lower than the same period last year. Profit after tax was a loss of ₹0.02 crore, a significant drop from the ₹0.01 crore profit in Q3. While the net profit margin improved slightly year-on-year, it remained negative at -0.5% for the quarter.
A look at the last five quarters shows revenue has been volatile, while profitability has been fragile.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ4 FY23 | PreviousQ3 FY23 | Same quarter LYQ4 FY22 |
|---|---|---|---|
| Revenue (₹ Cr) | 4.34YoY -12% | 4.47 | 4.93 |
| Profit (₹ Cr) | -0.02YoY +87% | 0.01 | -0.15 |
| Net Profit Margin (%) | -0.5YoY +83% | 0.2 | -3.0 |
The trailing twelve-month (TTM) performance sums up a flat year, with revenue of ₹17.61 crore and a net profit margin of 0.0%. The company's full-year results for FY22, the latest annual data available, showed revenue of ₹18.84 crore and a profit of ₹0.51 crore.
Key Points
- The company maintains a solid balance sheet with a current ratio of 2.52 and a debt-to-equity ratio of 0.92.
- Return on equity (ROE) for the period was a modest 0.12%.
- The stock trades at a significant premium to its industry, with a P/E of 362.5 compared to the sector average of 64.0.
With the company returning to a quarterly loss, the focus shifts to whether it can stabilize its top line and restore consistent profitability in the new fiscal year.
Live Chart
· VITESSE AGRO
(BSE)
ISIN: INE550U01014
Also read
Want this applied to your portfolio?
Talk to a HexaWealth advisor, or sync your mutual fund data for insights tailored to your holdings.