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Highlights
- Sales over the Year and quarter: The company’s sales declined by -63.06 % over the year, substantial increase in net sales/revenue by 849.66 %.
- 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 1500 %.
- Profit over the Year and quarter: Significant improvement in profitability for Mid India Industries Limited. Notable increase of 5.52 % in net profit Year to Year, Mid India Industries Limited’s profitability increased by 19.38 % in this quarter.
- EPS over the Year and quarter: EPS increased by 0.00 % Year to Year. EPS increased by 20 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 3.831 Cr | Rs. 0.149 Cr | Rs. 1.415 Cr | + 849.66 % | -63.06 % |
| Expenses | Rs. 3.49 Cr | Rs. 0.25 Cr | Rs. 1.69 Cr | + 576 % | -51.58 % |
| Operating Profit | Rs. 0.34 Cr | Rs. -0.1 Cr | Rs. -0.28 Cr | -180 % | -182.35 % |
| OPM % | 8.87 % | -67.11 % | -19.79 % | + 47.32 % | -28.66 % |
| Other Income | Rs. 0.01 Cr | Rs. 0 Cr | Rs. 0.16 Cr | 0 % | + 1500 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.06 Cr | Rs. 0.05 Cr | Rs. 0.04 Cr | -20 % | -33.33 % |
| Profit before tax | Rs. 0.29 Cr | Rs. -0.15 Cr | Rs. -0.16 Cr | -6.67 % | -155.17 % |
| Tax % | -7.1 % | -0 % | -16.56 % | -16.56 % | -9.46 % |
| Net Profit | Rs. -0.18 Cr | Rs. -0.16 Cr | Rs. -0.19 Cr | -18.75 % | -5.56 % |
| EPS in Rs | Rs. -0.12 | Rs. -0.1 | Rs. -0.12 | -20 % | + 0 % |
Today, we’re looking at Mid India Industries Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -63.06 %. However, it did see a marginal increase of 849.66 % from the previous quarter. Expenses ticked up slightly by 576 % quarter-on-quarter, aligning with the annual decline of -51.58 %. Operating profit, while down -182.35 % compared to last year, faced a quarter-on-quarter dip of -180 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -28.66 %, but an expansion of 47.32 % sequentially. despite an annual growth of 1500 %. Depreciation costs fell by -20 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -33.33 %. Profit before tax declined annually by -155.17 % but saw a reduction from the preceding quarter by -6.67 %.
Tax expenses as a percentage of profits decreased slightly by -9.46 % compared to last year, with a more notable quarter-on-quarter decrease of -16.56 %. Net profit fell by -5.56 % year-on-year but witnessed a -18.75 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 0 % but a quarterly fall of -20 %. In summary, Mid India Industries 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. 3.831 Cr | Rs. 0.149 Cr | Rs. 1.415 Cr | + 849.66 % | -63.06 % |
| Expenses | Rs. 3.49 Cr | Rs. 0.25 Cr | Rs. 1.69 Cr | + 576 % | -51.58 % |
| Operating Profit | Rs. 0.34 Cr | Rs. -0.1 Cr | Rs. -0.28 Cr | -180 % | -182.35 % |
| Net Profit | Rs. -0.18 Cr | Rs. -0.16 Cr | Rs. -0.19 Cr | -18.75 % | -5.56 % |
| EPS in Rs | Rs. -0.12 | Rs. -0.1 | Rs. -0.12 | -20 % | + 0 % |
In reviewing Mid India Industries Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -63.06 % year-on-year, however, there was a minor increase of 849.66 % from the previous quarter. Expenses decreased by -51.58 % compared to the previous year, with a 576 % increase quarter-on-quarter. Operating Profit dropped by -182.35 % annually, and saw a -180 % decrease from the last quarter.
Net Profit showed yearly decrease of -5.56 %, and experienced a -18.75 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 0 % annually, however dipped by -20 % compared to the last quarter. In essence, while Mid India Industries Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
