Share the post "Manaksia Coated Metals & Industries announced Financial Results Q1 2024"
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 12.86 % in the past year, substantial increase in net sales/revenue by 6.15 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -62.37 %, Marginal decrease of -24.15% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Manaksia Coated Metals & Industries Limited. Notable increase of 2324.39 % in net profit Year to Year, Manaksia Coated Metals & Industries Limited’s profitability dropped by -41.06 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 1,900.00 % Year to Year. EPS decreased by -46.67 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 171.704 Cr | Rs. 182.555 Cr | Rs. 193.782 Cr | + 6.15 % | + 12.86 % |
| Expenses | Rs. 164.22 Cr | Rs. 167.51 Cr | Rs. 180.59 Cr | + 7.81 % | + 9.97 % |
| Operating Profit | Rs. 7.48 Cr | Rs. 15.05 Cr | Rs. 13.19 Cr | -12.36 % | + 76.34 % |
| OPM % | 4.36 % | 8.24 % | 6.81 % | -1.43 % | + 2.45 % |
| Other Income | Rs. 4.257 Cr | Rs. 2.112 Cr | Rs. 1.602 Cr | -24.15 % | -62.37 % |
| Interest | Rs. 8.8 Cr | Rs. 8 Cr | Rs. 8.48 Cr | + 6 % | -3.64 % |
| Depreciation | Rs. 2.29 Cr | Rs. 2.3 Cr | Rs. 2.29 Cr | -0.43 % | + 0 % |
| Profit before tax | Rs. 0.65 Cr | Rs. 6.86 Cr | Rs. 4.02 Cr | -41.4 % | + 518.46 % |
| Tax % | 81.13 % | 26.21 % | 25.93 % | -0.28 % | -55.2 % |
| Net Profit | Rs. 0.12 Cr | Rs. 5.06 Cr | Rs. 2.98 Cr | -41.11 % | + 2383.33 % |
| EPS in Rs | Rs. 0.02 | Rs. 0.75 | Rs. 0.4 | -46.67 % | + 1900 % |
Today, we’re looking at Manaksia Coated Metals & Industries 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 12.86 %. However, it did see a marginal increase of 6.15 % from the previous quarter. Expenses ticked up slightly by 7.81 % quarter-on-quarter, aligning with the annual rise of 9.97 %. Operating profit, while up 76.34 % compared to last year, faced a quarter-on-quarter dip of -12.36 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.45 %, but a shrinkage of -1.43 % sequentially. Other income fell by -24.15 % compared to the last quarter, despite an annual decline of -62.37 %. Interest expenses surged remarkably by 6 % from the previous quarter, yet the year-over-year decrease remains at a moderate -3.64 %. Depreciation costs fell by -0.43 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 518.46 % but saw a reduction from the preceding quarter by -41.4 %.
Tax expenses as a percentage of profits decreased slightly by -55.2 % compared to last year, with a more notable quarter-on-quarter decrease of -0.28 %. Net profit rose by 2383.33 % year-on-year but witnessed a -41.11 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 1900 % but a quarterly fall of -46.67 %. In summary, Manaksia Coated Metals & 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. 171.704 Cr | Rs. 182.555 Cr | Rs. 193.782 Cr | + 6.15 % | + 12.86 % |
| Expenses | Rs. 164.22 Cr | Rs. 167.51 Cr | Rs. 180.59 Cr | + 7.81 % | + 9.97 % |
| Operating Profit | Rs. 7.48 Cr | Rs. 15.05 Cr | Rs. 13.19 Cr | -12.36 % | + 76.34 % |
| Net Profit | Rs. 0.12 Cr | Rs. 5.06 Cr | Rs. 2.98 Cr | -41.11 % | + 2383.33 % |
| EPS in Rs | Rs. 0.02 | Rs. 0.75 | Rs. 0.4 | -46.67 % | + 1900 % |
In reviewing Manaksia Coated Metals & Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 12.86 % year-on-year growth, however, there was a minor increase of 6.15 % from the previous quarter. Expenses rose by 9.97 % compared to the previous year, with a 7.81 % increase quarter-on-quarter. Operating Profit surged by 76.34 % annually, and saw a -12.36 % decrease from the last quarter.
Net Profit showed yearly increase of 2383.33 %, and experienced a -41.11 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 1900 % annually, however dipped by -46.67 % compared to the last quarter. In essence, while Manaksia Coated Metals & 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.
[my_shortcode1 values=”Manaksia Coated Metals & Industries “]
