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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’s sales declined by -68.98 % over the year, decrease in net sales/revenue by -27.77 %.
- 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 8.65 %. Marginal decrease of -162.09% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Mid India Industries Limited. Profit dropped by -1000 % Year to Year, Mid India Industries Limited’s profitability dropped by -43.46 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -800.00 % Year to Year. EPS decreased by -41.67 % 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. 3.295 Cr | Rs. 1.415 Cr | Rs. 1.022 Cr | -27.77 % | -68.98 % |
| Expenses | Rs. 3.13 Cr | Rs. 1.69 Cr | Rs. 1.02 Cr | -39.64 % | -67.41 % |
| Operating Profit | Rs. 0.17 Cr | Rs. -0.28 Cr | Rs. 0 Cr | 0 % | 0 % |
| OPM % | 5.16 % | -19.79 % | 0 % | + 19.79 % | -5.16 % |
| Other Income | Rs. -0.104 Cr | Rs. 0.153 Cr | Rs. -0.095 Cr | -162.09 % | + 8.65 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.05 Cr | Rs. 0.04 Cr | Rs. 0.02 Cr | -50 % | -60 % |
| Profit before tax | Rs. 0.02 Cr | Rs. -0.17 Cr | Rs. -0.12 Cr | + 29.41 % | -700 % |
| Tax % | 0 % | -16.56 % | -0 % | + 16.56 % | 0 % |
| Net Profit | Rs. 0.01 Cr | Rs. -0.19 Cr | Rs. -0.11 Cr | + 42.11 % | -1200 % |
| EPS in Rs | Rs. 0.01 | Rs. -0.12 | Rs. -0.07 | + 41.67 % | -800 % |
Today, we’re looking at Mid India Industries Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -68.98 %. However, it did see a marginal slip of -27.77 % from the previous quarter. Expenses decreased slightly by -39.64 % quarter-on-quarter, aligning with the annual decline of -67.41 %.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -5.16 %, but an expansion of 19.79 % sequentially. Other income fell by -162.09 % compared to the last quarter, despite an annual growth of 8.65 %. Depreciation costs fell by -50 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -60 %. Profit before tax declined annually by -700 % but saw an increase from the preceding quarter by 29.41 %.
with a more notable quarter-on-quarter increase of 16.56 %. Net profit fell by -1200 % year-on-year but experienced a 42.11 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -800 % but a quarterly rise of 41.67 %. In summary, Mid India Industries 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. 3.295 Cr | Rs. 1.415 Cr | Rs. 1.022 Cr | -27.77 % | -68.98 % |
| Expenses | Rs. 3.13 Cr | Rs. 1.69 Cr | Rs. 1.02 Cr | -39.64 % | -67.41 % |
| Operating Profit | Rs. 0.17 Cr | Rs. -0.28 Cr | Rs. 0 Cr | 0 % | 0 % |
| Net Profit | Rs. 0.01 Cr | Rs. -0.19 Cr | Rs. -0.11 Cr | + 42.11 % | -1200 % |
| EPS in Rs | Rs. 0.01 | Rs. -0.12 | Rs. -0.07 | + 41.67 % | -800 % |
In reviewing Mid India Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -68.98 % year-on-year, although there was a slight dip of -27.77 % from the previous quarter. Expenses decreased by -67.41 % compared to the previous year, with a decrease of -39.64 % quarter-on-quarter.
Net Profit showed yearly decrease of -1200 %, and experienced a 42.11 % increase from the previous quarter. Earnings Per Share (EPS) fell by -800 % annually, however rose by 41.67 % compared to the last quarter. In essence, while Mid India Industries Limited faces strong annual decline 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.
