Share the post "Zodiac-JRD-MKJ ‘s Q1 Update: Profit Falls by 95.51% Year-on-Year"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Income over the Year and quarter: There has been decline in other income over the past year which is -92.53 %, Marginal decrease of -83.61% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Zodiac-JRD-MKJ Ltd.. Profit dropped by -95.6 % Year to Year, Zodiac-JRD-MKJ Ltd.’s profitability dropped by -102.18 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -95.91 % Year to Year. EPS decreased by -102.02 % 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. 5.929 Cr | Rs. 0 Cr | Rs. 6.462 Cr | 0 % | + 8.99 % |
| Expenses | Rs. 6.13 Cr | Rs. 3.07 Cr | Rs. 6.51 Cr | + 112.05 % | + 6.2 % |
| Operating Profit | Rs. -0.2 Cr | Rs. -3.07 Cr | Rs. -0.05 Cr | + 98.37 % | + 75 % |
| OPM % | -3.37 % | 0 % | -0.77 % | -0.77 % | + 2.6 % |
| Other Income | Rs. 1.205 Cr | Rs. 0.549 Cr | Rs. 0.09 Cr | -83.61 % | -92.53 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0.01 Cr | 0 % | 0 % |
| Profit before tax | Rs. 1.01 Cr | Rs. -2.52 Cr | Rs. 0.03 Cr | + 101.19 % | -97.03 % |
| Tax % | 11.65 % | -29.08 % | 0 % | + 29.08 % | -11.65 % |
| Net Profit | Rs. 0.89 Cr | Rs. -1.79 Cr | Rs. 0.04 Cr | + 102.23 % | -95.51 % |
| EPS in Rs | Rs. 1.71 | Rs. -3.46 | Rs. 0.07 | + 102.02 % | -95.91 % |
Today, we’re looking at Zodiac-JRD-MKJ 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 8.99 %. Expenses ticked up slightly by 112.05 % quarter-on-quarter, aligning with the annual rise of 6.2 %. Operating profit, while up 75 % compared to last year, faced a quarter-on-quarter increase of 98.37 %, 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 2.6 %, but a shrinkage of -0.77 % sequentially. Other income fell by -83.61 % compared to the last quarter, despite an annual decline of -92.53 %. Profit before tax declined annually by -97.03 % but saw an increase from the preceding quarter by 101.19 %.
Tax expenses as a percentage of profits decreased slightly by -11.65 % compared to last year, with a more notable quarter-on-quarter increase of 29.08 %. Net profit fell by -95.51 % year-on-year but experienced a 102.23 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -95.91 % but a quarterly rise of 102.02 %. In summary, Zodiac-JRD-MKJ 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. 5.929 Cr | Rs. 0 Cr | Rs. 6.462 Cr | 0 % | + 8.99 % |
| Expenses | Rs. 6.13 Cr | Rs. 3.07 Cr | Rs. 6.51 Cr | + 112.05 % | + 6.2 % |
| Operating Profit | Rs. -0.2 Cr | Rs. -3.07 Cr | Rs. -0.05 Cr | + 98.37 % | + 75 % |
| Net Profit | Rs. 0.89 Cr | Rs. -1.79 Cr | Rs. 0.04 Cr | + 102.23 % | -95.51 % |
| EPS in Rs | Rs. 1.71 | Rs. -3.46 | Rs. 0.07 | + 102.02 % | -95.91 % |
In reviewing Zodiac-JRD-MKJ Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 8.99 % year-on-year growth, Expenses rose by 6.2 % compared to the previous year, with a 112.05 % increase quarter-on-quarter. Operating Profit surged by 75 % annually, and saw a 98.37 % increase from the last quarter.
Net Profit showed yearly decrease of -95.51 %, and experienced a 102.23 % increase from the previous quarter. Earnings Per Share (EPS) fell by -95.91 % annually, however rose by 102.02 % compared to the last quarter. In essence, while Zodiac-JRD-MKJ Ltd. faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
32
3-Year Profit
25
5-Year Profit
9
10-Year Profit
283
Current Price
3,055
Market Cap
For the company identified by BSE code 540797, the financial performance highlights a solid five-year profit of 25 units. This figure escalates to 32 units over the three-year period, pointing to positive momentum in its earnings. Despite these encouraging trends, the trailing twelve-month (TTM) figures uncover an alarming profit loss of 26 units. This decline, coupled with the fact that the company recorded zero sales across all periods examined, raises red flags about the sustainability of its business model and its ability to generate consistent revenue. Furthermore, the stock price fluctuations during this period further reflect the company's uncertain position. The stock started at 26 units but has since plummeted to 15 units recently, painting a picture of rapid decline. Over a longer ten-year horizon, the stock price stood at 0 units, further underscoring the long-term challenges the company faces in maintaining investor confidence and market value.
The company has a market capitalization of ₹3,055 crore and is currently trading at ₹283 per share. Historically, the stock has fluctuated within a range of ₹340 / 210, reflecting both the opportunities and risks that investors perceive in the company. The P/E ratio, at 39.5, is relatively high, suggesting that the market has priced in substantial future growth or is willing to pay a premium for the company’s current earnings. The book value per share stands at ₹92.6, which reflects the net asset value of the company divided by the number of outstanding shares. The dividend yield is 0.42%, providing shareholders with a consistent return on their investment. ROCE is 11.0%, indicating how well the company is using its capital to generate profits, while ROE at 8.16% highlights the returns generated from shareholders' equity. The debt-to-equity ratio is 0.38, signaling low financial leverage, which is typically seen as a positive indicator of financial health. However, the company’s negative net cash flow of ₹14.9 crore might raise concerns about its cash generation capabilities or capital expenditures. With a Piotroski score of 5.00, the company's financial stability is evaluated on several factors. Finally, the Graham Number, at ₹123, provides an estimate of the stock’s intrinsic value, while the Price-to-Book (P/B) ratio of 3.05 highlights that the stock is trading at a premium to its book value, potentially reflecting positive market sentiment or overvaluation risks.
