Share the post "My Money Securities announces Q1 results: Profit Rises by 51950% YoY"
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 7477.84 % in the past year, substantial increase in net sales/revenue by 800.24 %.
- 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 145.35 %. Marginal increase in other income during this quarter, up by 38.82%.
- Profit over the Year and quarter: Significant improvement in profitability for My Money Securities Ltd.. Notable increase of 54705.26 % in net profit Year to Year, My Money Securities Ltd.’s profitability increased by 719.92 % in this quarter.
- EPS over the Year and quarter: EPS increased by 61,900.00 % Year to Year. EPS increased by 715.79 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.194 Cr | Rs. 1.633 Cr | Rs. 14.701 Cr | + 800.24 % | + 7477.84 % |
| Expenses | Rs. 0.2 Cr | Rs. 0.55 Cr | Rs. 0.96 Cr | + 74.55 % | + 380 % |
| Operating Profit | Rs. -0.01 Cr | Rs. 1.08 Cr | Rs. 13.74 Cr | + 1172.22 % | + 137500 % |
| OPM % | -5.15 % | 66.14 % | 93.46 % | + 27.32 % | + 98.61 % |
| Other Income | Rs. 0.086 Cr | Rs. 0.152 Cr | Rs. 0.211 Cr | + 38.82 % | + 145.35 % |
| Interest | Rs. 0.05 Cr | Rs. 0.03 Cr | Rs. 0.01 Cr | -66.67 % | -80 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.03 Cr | Rs. 0.02 Cr | -33.33 % | + 100 % |
| Profit before tax | Rs. 0.02 Cr | Rs. 1.17 Cr | Rs. 13.92 Cr | + 1089.74 % | + 69500 % |
| Tax % | 24 % | 7.72 % | 25.22 % | + 17.5 % | + 1.22 % |
| Net Profit | Rs. 0.02 Cr | Rs. 1.27 Cr | Rs. 10.41 Cr | + 719.69 % | + 51950 % |
| EPS in Rs | Rs. 0.01 | Rs. 0.76 | Rs. 6.2 | + 715.79 % | + 61900 % |
Today, we’re looking at My Money Securities 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 7477.84 %. However, it did see a marginal increase of 800.24 % from the previous quarter. Expenses ticked up slightly by 74.55 % quarter-on-quarter, aligning with the annual rise of 380 %. Operating profit, while up 137500 % compared to last year, faced a quarter-on-quarter increase of 1172.22 %, 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 98.61 %, but an expansion of 27.32 % sequentially. Other income rose by 38.82 % compared to the last quarter, despite an annual growth of 145.35 %. Interest expenses dropped significantly by -66.67 % from the previous quarter, yet the year-over-year decrease remains at a moderate -80 %. Depreciation costs fell by -33.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 100 %. Profit before tax grew annually by 69500 % but saw an increase from the preceding quarter by 1089.74 %.
Tax expenses as a percentage of profits increased slightly by 1.22 % compared to last year, with a more notable quarter-on-quarter increase of 17.5 %. Net profit rose by 51950 % year-on-year but experienced a 719.69 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 61900 % but a quarterly rise of 715.79 %. In summary, My Money Securities 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. 0.194 Cr | Rs. 1.633 Cr | Rs. 14.701 Cr | + 800.24 % | + 7477.84 % |
| Expenses | Rs. 0.2 Cr | Rs. 0.55 Cr | Rs. 0.96 Cr | + 74.55 % | + 380 % |
| Operating Profit | Rs. -0.01 Cr | Rs. 1.08 Cr | Rs. 13.74 Cr | + 1172.22 % | + 137500 % |
| Net Profit | Rs. 0.02 Cr | Rs. 1.27 Cr | Rs. 10.41 Cr | + 719.69 % | + 51950 % |
| EPS in Rs | Rs. 0.01 | Rs. 0.76 | Rs. 6.2 | + 715.79 % | + 61900 % |
In reviewing My Money Securities Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7477.84 % year-on-year growth, however, there was a minor increase of 800.24 % from the previous quarter. Expenses rose by 380 % compared to the previous year, with a 74.55 % increase quarter-on-quarter. Operating Profit surged by 137500 % annually, and saw a 1172.22 % increase from the last quarter.
Net Profit showed yearly increase of 51950 %, and experienced a 719.69 % increase from the previous quarter. Earnings Per Share (EPS) rose by 61900 % annually, however rose by 715.79 % compared to the last quarter. In essence, while My Money Securities 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.
54
3-Year Profit
42
5-Year Profit
51
10-Year Profit
176
Current Price
4,272
Market Cap
In analyzing the financial results for the company marked by BSE code 532406, a clear trend emerges. Over a five-year span, the company reported a profit of 42 percents, which increased to 54 percents in the most recent three-year period, suggesting a strong performance in the early stages of this timeframe. However, this success has been overshadowed by a trailing twelve-month (TTM) loss of 42 percents, signaling significant recent challenges. Compounding this issue is the fact that the company has not reported any sales during any of the timeframes analyzed, raising important questions about its operational model and the sustainability of its current strategies. Investors have been equally wary, as reflected in the stock price performance. The company’s stock traded at 113 percents over the past five years but has recently decreased to 63 percents, indicating a loss of market confidence. Over the last decade, the stock price was at 55 percents, pointing to longer-term concerns that could affect the company's future prospects.
The company has a market capitalization of ₹4,272 crore and is currently trading at a stock price of ₹176. Over time, the stock has fluctuated between the historical highs and lows of ₹224 / 86.0, reflecting the market's volatility. With a Price-to-Earnings (P/E) ratio of 72.7, the stock appears highly valued, indicating that investors are willing to pay a premium for its earnings potential. The company's book value per share stands at ₹8.09, showcasing the underlying asset value. Additionally, the dividend yield is 0.11%, suggesting that the company offers shareholders a moderate return on their investment in the form of dividends. The Return on Capital Employed (ROCE) is 47.4%, indicating the efficiency with which the company generates profit from its capital. Meanwhile, the Return on Equity (ROE) is 38.7%, highlighting the profitability relative to shareholder equity. Despite these figures, the company maintains a very low debt-to-equity ratio of 0.09, signaling minimal leverage. It also reports a net cash flow of ₹0.86 crore, reflecting the company's ability to generate cash. The Piotroski score is 8.00, a measure of the company's financial strength, while the Graham Number estimates the intrinsic value of the stock at ₹21.0. The Price-to-Book (P/B) ratio of 21.7 further suggests that the stock is trading at a premium relative to its book value, potentially reflecting positive market sentiment or expectations of future growth.
