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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 103.75 % in the past year, decrease in net sales/revenue by -13.79 %.
- 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 8.33 %. Marginal increase in other income during this quarter, up by 18.18%.
- Profit over the Year and quarter: Significant improvement in profitability for Megri Soft Limited. Notable increase of 15.83 % in net profit Year to Year, Megri Soft Limited’s profitability dropped by -50 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 15.79 % Year to Year. EPS decreased by -50 % 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. 0.586 Cr | Rs. 1.385 Cr | Rs. 1.194 Cr | -13.79 % | + 103.75 % |
Expenses | Rs. 0.42 Cr | Rs. 1 Cr | Rs. 0.99 Cr | -1 % | + 135.71 % |
Operating Profit | Rs. 0.17 Cr | Rs. 0.39 Cr | Rs. 0.2 Cr | -48.72 % | + 17.65 % |
OPM % | 29.01 % | 28.16 % | 16.75 % | -11.41 % | -12.26 % |
Other Income | Rs. 0.012 Cr | Rs. 0.011 Cr | Rs. 0.013 Cr | + 18.18 % | + 8.33 % |
Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Depreciation | Rs. 0.02 Cr | Rs. 0.03 Cr | Rs. 0.03 Cr | + 0 % | + 50 % |
Profit before tax | Rs. 0.16 Cr | Rs. 0.37 Cr | Rs. 0.18 Cr | -51.35 % | + 12.5 % |
Tax % | 25.31 % | 24.52 % | 25.67 % | + 1.15 % | + 0.36 % |
Net Profit | Rs. 0.12 Cr | Rs. 0.28 Cr | Rs. 0.14 Cr | -50 % | + 16.67 % |
EPS in Rs | Rs. 0.38 | Rs. 0.88 | Rs. 0.44 | -50 % | + 15.79 % |
Today, we’re looking at Megri Soft 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 103.75 %. However, it did see a marginal slip of -13.79 % from the previous quarter. Expenses decreased slightly by -1 % quarter-on-quarter, aligning with the annual rise of 135.71 %. Operating profit, while up 17.65 % compared to last year, faced a quarter-on-quarter dip of -48.72 %, 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 -12.26 %, but a shrinkage of -11.41 % sequentially. Other income rose by 18.18 % compared to the last quarter, despite an annual growth of 8.33 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 50 %. Profit before tax grew annually by 12.5 % but saw a reduction from the preceding quarter by -51.35 %.
Tax expenses as a percentage of profits increased slightly by 0.36 % compared to last year, with a more notable quarter-on-quarter increase of 1.15 %. Net profit rose by 16.67 % year-on-year but witnessed a -50 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 15.79 % but a quarterly fall of -50 %. In summary, Megri Soft 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. 0.586 Cr | Rs. 1.385 Cr | Rs. 1.194 Cr | -13.79 % | + 103.75 % |
Expenses | Rs. 0.42 Cr | Rs. 1 Cr | Rs. 0.99 Cr | -1 % | + 135.71 % |
Operating Profit | Rs. 0.17 Cr | Rs. 0.39 Cr | Rs. 0.2 Cr | -48.72 % | + 17.65 % |
Net Profit | Rs. 0.12 Cr | Rs. 0.28 Cr | Rs. 0.14 Cr | -50 % | + 16.67 % |
EPS in Rs | Rs. 0.38 | Rs. 0.88 | Rs. 0.44 | -50 % | + 15.79 % |
In reviewing Megri Soft Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 103.75 % year-on-year growth, although there was a slight dip of -13.79 % from the previous quarter. Expenses rose by 135.71 % compared to the previous year, with a decrease of -1 % quarter-on-quarter. Operating Profit surged by 17.65 % annually, and saw a -48.72 % decrease from the last quarter.
Net Profit showed yearly increase of 16.67 %, and experienced a -50 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 15.79 % annually, however dipped by -50 % compared to the last quarter. In essence, while Megri Soft 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.