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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 31.94 % in the past year, substantial increase in net sales/revenue by 0.79 %.
- 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 300 %. Marginal increase in other income during this quarter, up by 33.33%.
- Profit over the Year and quarter: Significant improvement in profitability for Mirc Electronics Ltd. Notable increase of 598.22 % in net profit Year to Year, Mirc Electronics Ltd’s profitability dropped by -3397.42 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 245.31 % Year to Year. EPS decreased by -3257.14 % 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. 224.98 Cr | Rs. 294.51 Cr | Rs. 296.83 Cr | + 0.79 % | + 31.94 % |
| Expenses | Rs. 225.37 Cr | Rs. 287.8 Cr | Rs. 342.83 Cr | + 19.12 % | + 52.12 % |
| Operating Profit | Rs. -0.39 Cr | Rs. 6.71 Cr | Rs. -46 Cr | -785.54 % | -11694.87 % |
| OPM % | -0.17 % | 2.28 % | -15.5 % | -17.78 % | -15.33 % |
| Other Income | Rs. 0.17 Cr | Rs. 0.51 Cr | Rs. 0.68 Cr | + 33.33 % | + 300 % |
| Interest | Rs. 4.19 Cr | Rs. 3.76 Cr | Rs. 3.93 Cr | + 4.52 % | -6.21 % |
| Depreciation | Rs. 2.91 Cr | Rs. 1.91 Cr | Rs. 1.86 Cr | -2.62 % | -36.08 % |
| Profit before tax | Rs. -7.32 Cr | Rs. 1.55 Cr | Rs. -51.11 Cr | -3397.42 % | -598.22 % |
| Tax % | -0 % | 0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -7.32 Cr | Rs. 1.55 Cr | Rs. -51.11 Cr | -3397.42 % | -598.22 % |
| EPS in Rs | Rs. -0.64 | Rs. 0.07 | Rs. -2.21 | -3257.14 % | -245.31 % |
Today, we’re looking at Mirc Electronics Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 31.94 %. However, it did see a marginal increase of 0.79 % from the previous quarter. Expenses ticked up slightly by 19.12 % quarter-on-quarter, aligning with the annual rise of 52.12 %. Operating profit, while down -11694.87 % compared to last year, faced a quarter-on-quarter dip of -785.54 %, 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 -15.33 %, but a shrinkage of -17.78 % sequentially. Other income rose by 33.33 % compared to the last quarter, despite an annual growth of 300 %. Interest expenses surged remarkably by 4.52 % from the previous quarter, yet the year-over-year decrease remains at a moderate -6.21 %. Depreciation costs fell by -2.62 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -36.08 %. Profit before tax declined annually by -598.22 % but saw a reduction from the preceding quarter by -3397.42 %.
Net profit fell by -598.22 % year-on-year but witnessed a -3397.42 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -245.31 % but a quarterly fall of -3257.14 %. In summary, Mirc Electronics 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. 224.98 Cr | Rs. 294.51 Cr | Rs. 296.83 Cr | + 0.79 % | + 31.94 % |
| Expenses | Rs. 225.37 Cr | Rs. 287.8 Cr | Rs. 342.83 Cr | + 19.12 % | + 52.12 % |
| Operating Profit | Rs. -0.39 Cr | Rs. 6.71 Cr | Rs. -46 Cr | -785.54 % | -11694.87 % |
| Net Profit | Rs. -7.32 Cr | Rs. 1.55 Cr | Rs. -51.11 Cr | -3397.42 % | -598.22 % |
| EPS in Rs | Rs. -0.64 | Rs. 0.07 | Rs. -2.21 | -3257.14 % | -245.31 % |
In reviewing Mirc Electronics Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 31.94 % year-on-year growth, however, there was a minor increase of 0.79 % from the previous quarter. Expenses rose by 52.12 % compared to the previous year, with a 19.12 % increase quarter-on-quarter. Operating Profit dropped by -11694.87 % annually, and saw a -785.54 % decrease from the last quarter.
Net Profit showed yearly decrease of -598.22 %, and experienced a -3397.42 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -245.31 % annually, however dipped by -3257.14 % compared to the last quarter. In essence, while Mirc Electronics 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.
