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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 20.99 % in the past year, substantial increase in net sales/revenue by 8.57 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 93.08 %. Marginal increase in other income during this quarter, up by 68.53%.
- Profit over the Year and quarter: Significant improvement in profitability for 20 Microns Limited. Notable increase of 19.88 % in net profit Year to Year, 20 Microns Limited’s profitability increased by 31.01 % in this quarter.
- EPS over the Year and quarter: EPS increased by 19.62 % Year to Year. EPS increased by 30.75 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 190.559 Cr | Rs. 212.343 Cr | Rs. 230.55 Cr | + 8.57 % | + 20.99 % |
Expenses | Rs. 164.17 Cr | Rs. 185.81 Cr | Rs. 200.55 Cr | + 7.93 % | + 22.16 % |
Operating Profit | Rs. 26.39 Cr | Rs. 26.53 Cr | Rs. 30 Cr | + 13.08 % | + 13.68 % |
OPM % | 13.85 % | 12.49 % | 13.01 % | + 0.52 % | -0.84 % |
Other Income | Rs. 0.954 Cr | Rs. 1.093 Cr | Rs. 1.842 Cr | + 68.53 % | + 93.08 % |
Interest | Rs. 4.06 Cr | Rs. 4.64 Cr | Rs. 3.7 Cr | -20.26 % | -8.87 % |
Depreciation | Rs. 3.47 Cr | Rs. 3.71 Cr | Rs. 3.98 Cr | + 7.28 % | + 14.7 % |
Profit before tax | Rs. 19.81 Cr | Rs. 19.27 Cr | Rs. 24.16 Cr | + 25.38 % | + 21.96 % |
Tax % | 24.71 % | 29.36 % | 26.13 % | -3.23 % | + 1.42 % |
Net Profit | Rs. 14.94 Cr | Rs. 13.67 Cr | Rs. 17.9 Cr | + 30.94 % | + 19.81 % |
EPS in Rs | Rs. 4.23 | Rs. 3.87 | Rs. 5.06 | + 30.75 % | + 19.62 % |
Today, we’re looking at 20 Microns Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 20.99 %. However, it did see a marginal increase of 8.57 % from the previous quarter. Expenses ticked up slightly by 7.93 % quarter-on-quarter, aligning with the annual rise of 22.16 %. Operating profit, while up 13.68 % compared to last year, faced a quarter-on-quarter increase of 13.08 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.84 %, but an expansion of 0.52 % sequentially. Other income rose by 68.53 % compared to the last quarter, despite an annual growth of 93.08 %. Interest expenses dropped significantly by -20.26 % from the previous quarter, yet the year-over-year decrease remains at a moderate -8.87 %. Depreciation costs climbed by 7.28 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 14.7 %. Profit before tax grew annually by 21.96 % but saw an increase from the preceding quarter by 25.38 %.
Tax expenses as a percentage of profits increased slightly by 1.42 % compared to last year, with a more notable quarter-on-quarter decrease of -3.23 %. Net profit rose by 19.81 % year-on-year but experienced a 30.94 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 19.62 % but a quarterly rise of 30.75 %. In summary, 20 Microns Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 190.559 Cr | Rs. 212.343 Cr | Rs. 230.55 Cr | + 8.57 % | + 20.99 % |
Expenses | Rs. 164.17 Cr | Rs. 185.81 Cr | Rs. 200.55 Cr | + 7.93 % | + 22.16 % |
Operating Profit | Rs. 26.39 Cr | Rs. 26.53 Cr | Rs. 30 Cr | + 13.08 % | + 13.68 % |
Net Profit | Rs. 14.94 Cr | Rs. 13.67 Cr | Rs. 17.9 Cr | + 30.94 % | + 19.81 % |
EPS in Rs | Rs. 4.23 | Rs. 3.87 | Rs. 5.06 | + 30.75 % | + 19.62 % |
In reviewing 20 Microns Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 20.99 % year-on-year growth, however, there was a minor increase of 8.57 % from the previous quarter. Expenses rose by 22.16 % compared to the previous year, with a 7.93 % increase quarter-on-quarter. Operating Profit surged by 13.68 % annually, and saw a 13.08 % increase from the last quarter.
Net Profit showed yearly increase of 19.81 %, and experienced a 30.94 % increase from the previous quarter. Earnings Per Share (EPS) rose by 19.62 % annually, however rose by 30.75 % compared to the last quarter. In essence, while 20 Microns Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.