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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 12.4 % in the past year, decrease in net sales/revenue by -4.84 %.
- 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 17.3 %. Marginal increase in other income during this quarter, up by 11.99%.
- Profit over the Year and quarter: Significant improvement in profitability for Music Broadcast Limited. Notable increase of 175.53 % in net profit Year to Year, Music Broadcast Limited’s profitability dropped by -13.25 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 133.33 % Year to Year. EPS decreased by -22.22 % 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. 53.028 Cr | Rs. 62.631 Cr | Rs. 59.601 Cr | -4.84 % | + 12.4 % |
| Expenses | Rs. 45.96 Cr | Rs. 52.42 Cr | Rs. 50.36 Cr | -3.93 % | + 9.57 % |
| Operating Profit | Rs. 7.07 Cr | Rs. 10.21 Cr | Rs. 9.24 Cr | -9.5 % | + 30.69 % |
| OPM % | 13.33 % | 16.3 % | 15.5 % | -0.8 % | + 2.17 % |
| Other Income | Rs. 5.646 Cr | Rs. 5.914 Cr | Rs. 6.623 Cr | + 11.99 % | + 17.3 % |
| Interest | Rs. 2.4 Cr | Rs. 2.59 Cr | Rs. 2.83 Cr | + 9.27 % | + 17.92 % |
| Depreciation | Rs. 8.24 Cr | Rs. 8.5 Cr | Rs. 8.53 Cr | + 0.35 % | + 3.52 % |
| Profit before tax | Rs. 2.08 Cr | Rs. 5.03 Cr | Rs. 4.5 Cr | -10.54 % | + 116.35 % |
| Tax % | 55.06 % | 41.05 % | 42.75 % | + 1.7 % | -12.31 % |
| Net Profit | Rs. 0.94 Cr | Rs. 2.97 Cr | Rs. 2.58 Cr | -13.13 % | + 174.47 % |
| EPS in Rs | Rs. 0.03 | Rs. 0.09 | Rs. 0.07 | -22.22 % | + 133.33 % |
Today, we’re looking at Music Broadcast 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 12.4 %. However, it did see a marginal slip of -4.84 % from the previous quarter. Expenses decreased slightly by -3.93 % quarter-on-quarter, aligning with the annual rise of 9.57 %. Operating profit, while up 30.69 % compared to last year, faced a quarter-on-quarter dip of -9.5 %, 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 2.17 %, but a shrinkage of -0.8 % sequentially. Other income rose by 11.99 % compared to the last quarter, despite an annual growth of 17.3 %. Interest expenses surged remarkably by 9.27 % from the previous quarter, yet the year-over-year increase remains at a moderate 17.92 %. Depreciation costs climbed by 0.35 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.52 %. Profit before tax grew annually by 116.35 % but saw a reduction from the preceding quarter by -10.54 %.
Tax expenses as a percentage of profits decreased slightly by -12.31 % compared to last year, with a more notable quarter-on-quarter increase of 1.7 %. Net profit rose by 174.47 % year-on-year but witnessed a -13.13 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 133.33 % but a quarterly fall of -22.22 %. In summary, Music Broadcast 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. 53.028 Cr | Rs. 62.631 Cr | Rs. 59.601 Cr | -4.84 % | + 12.4 % |
| Expenses | Rs. 45.96 Cr | Rs. 52.42 Cr | Rs. 50.36 Cr | -3.93 % | + 9.57 % |
| Operating Profit | Rs. 7.07 Cr | Rs. 10.21 Cr | Rs. 9.24 Cr | -9.5 % | + 30.69 % |
| Net Profit | Rs. 0.94 Cr | Rs. 2.97 Cr | Rs. 2.58 Cr | -13.13 % | + 174.47 % |
| EPS in Rs | Rs. 0.03 | Rs. 0.09 | Rs. 0.07 | -22.22 % | + 133.33 % |
In reviewing Music Broadcast Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 12.4 % year-on-year growth, although there was a slight dip of -4.84 % from the previous quarter. Expenses rose by 9.57 % compared to the previous year, with a decrease of -3.93 % quarter-on-quarter. Operating Profit surged by 30.69 % annually, and saw a -9.5 % decrease from the last quarter.
Net Profit showed yearly increase of 174.47 %, and experienced a -13.13 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 133.33 % annually, however dipped by -22.22 % compared to the last quarter. In essence, while Music Broadcast 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.
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