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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 0.76 % in the past year, decrease in net sales/revenue by -2.41 %.
- 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 171.77 %. Marginal increase in other income during this quarter, up by 173.98%.
- Profit over the Year and quarter: Significant improvement in profitability for MPS Limited. Notable increase of 10.1 % in net profit Year to Year, MPS Limited’s profitability increased by 6.02 % in this quarter.
- EPS over the Year and quarter: EPS increased by 10.19 % Year to Year. EPS increased by 4.85 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 80.25 Cr | Rs. 82.86 Cr | Rs. 80.86 Cr | -2.41 % | + 0.76 % |
| Expenses | Rs. 46.13 Cr | Rs. 46.8 Cr | Rs. 48.91 Cr | + 4.51 % | + 6.03 % |
| Operating Profit | Rs. 34.12 Cr | Rs. 36.06 Cr | Rs. 31.95 Cr | -11.4 % | -6.36 % |
| OPM % | 42.52 % | 43.52 % | 39.51 % | -4.01 % | -3.01 % |
| Other Income | Rs. 2.48 Cr | Rs. 2.46 Cr | Rs. 6.74 Cr | + 173.98 % | + 171.77 % |
| Interest | Rs. 0.16 Cr | Rs. 0.34 Cr | Rs. 0.18 Cr | -47.06 % | + 12.5 % |
| Depreciation | Rs. 2.89 Cr | Rs. 2.68 Cr | Rs. 2.88 Cr | + 7.46 % | -0.35 % |
| Profit before tax | Rs. 33.55 Cr | Rs. 35.5 Cr | Rs. 35.63 Cr | + 0.37 % | + 6.2 % |
| Tax % | 26.53 % | 27.89 % | 23.83 % | -4.06 % | -2.7 % |
| Net Profit | Rs. 24.65 Cr | Rs. 25.6 Cr | Rs. 27.14 Cr | + 6.02 % | + 10.1 % |
| EPS in Rs | Rs. 14.52 | Rs. 15.25 | Rs. 15.99 | + 4.85 % | + 10.12 % |
Today, we’re looking at MPS 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 0.76 %. However, it did see a marginal slip of -2.41 % from the previous quarter. Expenses ticked up slightly by 4.51 % quarter-on-quarter, aligning with the annual rise of 6.03 %. Operating profit, while down -6.36 % compared to last year, faced a quarter-on-quarter dip of -11.4 %, 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 -3.01 %, but a shrinkage of -4.01 % sequentially. Other income rose by 173.98 % compared to the last quarter, despite an annual growth of 171.77 %. Interest expenses dropped significantly by -47.06 % from the previous quarter, yet the year-over-year increase remains at a moderate 12.5 %. Depreciation costs climbed by 7.46 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -0.35 %. Profit before tax grew annually by 6.2 % but saw an increase from the preceding quarter by 0.37 %.
Tax expenses as a percentage of profits decreased slightly by -2.7 % compared to last year, with a more notable quarter-on-quarter decrease of -4.06 %. Net profit rose by 10.1 % year-on-year but experienced a 6.02 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 10.12 % but a quarterly rise of 4.85 %. In summary, MPS 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. 80.25 Cr | Rs. 82.86 Cr | Rs. 80.86 Cr | -2.41 % | + 0.76 % |
| Expenses | Rs. 46.13 Cr | Rs. 46.8 Cr | Rs. 48.91 Cr | + 4.51 % | + 6.03 % |
| Operating Profit | Rs. 34.12 Cr | Rs. 36.06 Cr | Rs. 31.95 Cr | -11.4 % | -6.36 % |
| Net Profit | Rs. 24.65 Cr | Rs. 25.6 Cr | Rs. 27.14 Cr | + 6.02 % | + 10.1 % |
| EPS in Rs | Rs. 14.52 | Rs. 15.25 | Rs. 15.99 | + 4.85 % | + 10.12 % |
In reviewing MPS Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 0.76 % year-on-year growth, although there was a slight dip of -2.41 % from the previous quarter. Expenses rose by 6.03 % compared to the previous year, with a 4.51 % increase quarter-on-quarter. Operating Profit dropped by -6.36 % annually, and saw a -11.4 % decrease from the last quarter.
Net Profit showed yearly increase of 10.1 %, and experienced a 6.02 % increase from the previous quarter. Earnings Per Share (EPS) rose by 10.12 % annually, however rose by 4.85 % compared to the last quarter. In essence, while MPS 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.
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