Share the post "Mystic Electronics announces Q1 results: Profit Rises by 1433.33% YoY"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Profit over the Year and quarter: Significant improvement in profitability for Mystic Electronics Limited. Notable increase of 1550 % in net profit Year to Year, Mystic Electronics Limited’s profitability dropped by -128.36 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 2,200.00 % Year to Year. EPS decreased by -128.05 % 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 Cr | Rs. 0.213 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.08 Cr | Rs. 0.04 Cr | Rs. 0.09 Cr | + 125 % | + 12.5 % |
| Operating Profit | Rs. -0.08 Cr | Rs. 0.17 Cr | Rs. -0.09 Cr | -152.94 % | -12.5 % |
| OPM % | 0 % | 79.81 % | 0 % | -79.81 % | 0 % |
| Other Income | Rs. 0.112 Cr | Rs. -1.786 Cr | Rs. 0.548 Cr | + 130.68 % | + 389.29 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. 0.03 Cr | Rs. -1.62 Cr | Rs. 0.46 Cr | + 128.4 % | + 1433.33 % |
| Tax % | 0 % | -0.93 % | 0 % | + 0.93 % | 0 % |
| Net Profit | Rs. 0.03 Cr | Rs. -1.63 Cr | Rs. 0.46 Cr | + 128.22 % | + 1433.33 % |
| EPS in Rs | Rs. 0.01 | Rs. -0.82 | Rs. 0.23 | + 128.05 % | + 2200 % |
Today, we’re looking at Mystic Electronics Limited’s financial performance for the Q1(Jun 2024).Expenses ticked up slightly by 125 % quarter-on-quarter, aligning with the annual rise of 12.5 %. Operating profit, while down -12.5 % compared to last year, faced a quarter-on-quarter dip of -152.94 %, signaling a short-term contraction in margins.
but a shrinkage of -79.81 % sequentially. Other income rose by 130.68 % compared to the last quarter, despite an annual growth of 389.29 %. Profit before tax grew annually by 1433.33 % but saw an increase from the preceding quarter by 128.4 %.
with a more notable quarter-on-quarter increase of 0.93 %. Net profit rose by 1433.33 % year-on-year but experienced a 128.22 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 2200 % but a quarterly rise of 128.05 %. In summary, Mystic Electronics 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 Cr | Rs. 0.213 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.08 Cr | Rs. 0.04 Cr | Rs. 0.09 Cr | + 125 % | + 12.5 % |
| Operating Profit | Rs. -0.08 Cr | Rs. 0.17 Cr | Rs. -0.09 Cr | -152.94 % | -12.5 % |
| Net Profit | Rs. 0.03 Cr | Rs. -1.63 Cr | Rs. 0.46 Cr | + 128.22 % | + 1433.33 % |
| EPS in Rs | Rs. 0.01 | Rs. -0.82 | Rs. 0.23 | + 128.05 % | + 2200 % |
In reviewing Mystic Electronics Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 12.5 % compared to the previous year, with a 125 % increase quarter-on-quarter. Operating Profit dropped by -12.5 % annually, and saw a -152.94 % decrease from the last quarter.
Net Profit showed yearly increase of 1433.33 %, and experienced a 128.22 % increase from the previous quarter. Earnings Per Share (EPS) rose by 2200 % annually, however rose by 128.05 % compared to the last quarter. In essence, while Mystic Electronics Limited 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.
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