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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 6.09 % in the past year, decrease in net sales/revenue by -3.49 %.
- 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 34.34 %. Marginal increase in other income during this quarter, up by 62.47%.
- Profit over the Year and quarter: Significant improvement in profitability for Mayur Uniquoters ltd.. Notable increase of 22.41 % in net profit Year to Year, Mayur Uniquoters ltd.’s profitability increased by 16.03 % in this quarter.
- EPS over the Year and quarter: EPS increased by 22.48 % Year to Year. EPS increased by 16.12 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 200.94 Cr | Rs. 220.889 Cr | Rs. 213.185 Cr | -3.49 % | + 6.09 % |
| Expenses | Rs. 161.52 Cr | Rs. 179.59 Cr | Rs. 165.02 Cr | -8.11 % | + 2.17 % |
| Operating Profit | Rs. 39.42 Cr | Rs. 41.3 Cr | Rs. 48.17 Cr | + 16.63 % | + 22.2 % |
| OPM % | 19.62 % | 18.7 % | 22.6 % | + 3.9 % | + 2.98 % |
| Other Income | Rs. 8.086 Cr | Rs. 6.686 Cr | Rs. 10.863 Cr | + 62.47 % | + 34.34 % |
| Interest | Rs. 0.69 Cr | Rs. 0.68 Cr | Rs. 0.49 Cr | -27.94 % | -28.99 % |
| Depreciation | Rs. 7.09 Cr | Rs. 7.38 Cr | Rs. 7.17 Cr | -2.85 % | + 1.13 % |
| Profit before tax | Rs. 39.73 Cr | Rs. 39.93 Cr | Rs. 51.37 Cr | + 28.65 % | + 29.3 % |
| Tax % | 23.14 % | 19.32 % | 27.24 % | + 7.92 % | + 4.1 % |
| Net Profit | Rs. 30.53 Cr | Rs. 32.22 Cr | Rs. 37.38 Cr | + 16.01 % | + 22.44 % |
| EPS in Rs | Rs. 6.94 | Rs. 7.32 | Rs. 8.5 | + 16.12 % | + 22.48 % |
Today, we’re looking at Mayur Uniquoters ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 6.09 %. However, it did see a marginal slip of -3.49 % from the previous quarter. Expenses decreased slightly by -8.11 % quarter-on-quarter, aligning with the annual rise of 2.17 %. Operating profit, while up 22.2 % compared to last year, faced a quarter-on-quarter increase of 16.63 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.98 %, but an expansion of 3.9 % sequentially. Other income rose by 62.47 % compared to the last quarter, despite an annual growth of 34.34 %. Interest expenses dropped significantly by -27.94 % from the previous quarter, yet the year-over-year decrease remains at a moderate -28.99 %. Depreciation costs fell by -2.85 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.13 %. Profit before tax grew annually by 29.3 % but saw an increase from the preceding quarter by 28.65 %.
Tax expenses as a percentage of profits increased slightly by 4.1 % compared to last year, with a more notable quarter-on-quarter increase of 7.92 %. Net profit rose by 22.44 % year-on-year but experienced a 16.01 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 22.48 % but a quarterly rise of 16.12 %. In summary, Mayur Uniquoters ltd.’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. 200.94 Cr | Rs. 220.889 Cr | Rs. 213.185 Cr | -3.49 % | + 6.09 % |
| Expenses | Rs. 161.52 Cr | Rs. 179.59 Cr | Rs. 165.02 Cr | -8.11 % | + 2.17 % |
| Operating Profit | Rs. 39.42 Cr | Rs. 41.3 Cr | Rs. 48.17 Cr | + 16.63 % | + 22.2 % |
| Net Profit | Rs. 30.53 Cr | Rs. 32.22 Cr | Rs. 37.38 Cr | + 16.01 % | + 22.44 % |
| EPS in Rs | Rs. 6.94 | Rs. 7.32 | Rs. 8.5 | + 16.12 % | + 22.48 % |
In reviewing Mayur Uniquoters ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 6.09 % year-on-year growth, although there was a slight dip of -3.49 % from the previous quarter. Expenses rose by 2.17 % compared to the previous year, with a decrease of -8.11 % quarter-on-quarter. Operating Profit surged by 22.2 % annually, and saw a 16.63 % increase from the last quarter.
Net Profit showed yearly increase of 22.44 %, and experienced a 16.01 % increase from the previous quarter. Earnings Per Share (EPS) rose by 22.48 % annually, however rose by 16.12 % compared to the last quarter. In essence, while Mayur Uniquoters ltd. 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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