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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 14.17 % in the past year, decrease in net sales/revenue by -3.47 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -63.89 %, Marginal decrease of -52.73% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Modern Dairies Ltd.. Notable increase of 90.76 % in net profit Year to Year, Modern Dairies Ltd.’s profitability dropped by -39.16 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 89.66 % Year to Year. EPS decreased by -39.34 % 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. 82.71 Cr | Rs. 97.829 Cr | Rs. 94.434 Cr | -3.47 % | + 14.17 % |
| Expenses | Rs. 79.02 Cr | Rs. 90.36 Cr | Rs. 89.43 Cr | -1.03 % | + 13.17 % |
| Operating Profit | Rs. 3.69 Cr | Rs. 7.47 Cr | Rs. 5 Cr | -33.07 % | + 35.5 % |
| OPM % | 4.46 % | 7.64 % | 5.29 % | -2.35 % | + 0.83 % |
| Other Income | Rs. 0.432 Cr | Rs. 0.33 Cr | Rs. 0.156 Cr | -52.73 % | -63.89 % |
| Interest | Rs. 1.39 Cr | Rs. 0.69 Cr | Rs. 0.54 Cr | -21.74 % | -61.15 % |
| Depreciation | Rs. 0.71 Cr | Rs. 0.76 Cr | Rs. 0.76 Cr | + 0 % | + 7.04 % |
| Profit before tax | Rs. 2.02 Cr | Rs. 6.35 Cr | Rs. 3.86 Cr | -39.21 % | + 91.09 % |
| Tax % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Net Profit | Rs. 2.02 Cr | Rs. 6.34 Cr | Rs. 3.86 Cr | -39.12 % | + 91.09 % |
| EPS in Rs | Rs. 0.87 | Rs. 2.72 | Rs. 1.65 | -39.34 % | + 89.66 % |
Today, we’re looking at Modern Dairies 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 14.17 %. However, it did see a marginal slip of -3.47 % from the previous quarter. Expenses decreased slightly by -1.03 % quarter-on-quarter, aligning with the annual rise of 13.17 %. Operating profit, while up 35.5 % compared to last year, faced a quarter-on-quarter dip of -33.07 %, 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 0.83 %, but a shrinkage of -2.35 % sequentially. Other income fell by -52.73 % compared to the last quarter, despite an annual decline of -63.89 %. Interest expenses dropped significantly by -21.74 % from the previous quarter, yet the year-over-year decrease remains at a moderate -61.15 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 7.04 %. Profit before tax grew annually by 91.09 % but saw a reduction from the preceding quarter by -39.21 %.
Net profit rose by 91.09 % year-on-year but witnessed a -39.12 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 89.66 % but a quarterly fall of -39.34 %. In summary, Modern Dairies 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. 82.71 Cr | Rs. 97.829 Cr | Rs. 94.434 Cr | -3.47 % | + 14.17 % |
| Expenses | Rs. 79.02 Cr | Rs. 90.36 Cr | Rs. 89.43 Cr | -1.03 % | + 13.17 % |
| Operating Profit | Rs. 3.69 Cr | Rs. 7.47 Cr | Rs. 5 Cr | -33.07 % | + 35.5 % |
| Net Profit | Rs. 2.02 Cr | Rs. 6.34 Cr | Rs. 3.86 Cr | -39.12 % | + 91.09 % |
| EPS in Rs | Rs. 0.87 | Rs. 2.72 | Rs. 1.65 | -39.34 % | + 89.66 % |
In reviewing Modern Dairies Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 14.17 % year-on-year growth, although there was a slight dip of -3.47 % from the previous quarter. Expenses rose by 13.17 % compared to the previous year, with a decrease of -1.03 % quarter-on-quarter. Operating Profit surged by 35.5 % annually, and saw a -33.07 % decrease from the last quarter.
Net Profit showed yearly increase of 91.09 %, and experienced a -39.12 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 89.66 % annually, however dipped by -39.34 % compared to the last quarter. In essence, while Modern Dairies Ltd. 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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