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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -33.72 % over the year, substantial increase in net sales/revenue by 21.42 %.
- 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 392.82 %. Marginal increase in other income during this quarter, up by 703.6%.
- Profit over the Year and quarter: Significant improvement in profitability for Mohit Industries Limited. Notable increase of 6.56 % in net profit Year to Year, Mohit Industries Limited’s profitability increased by 150.37 % in this quarter.
- EPS over the Year and quarter: EPS increased by 5.88 % Year to Year. EPS increased by 148.28 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 38.793 Cr | Rs. 21.176 Cr | Rs. 25.711 Cr | + 21.42 % | -33.72 % |
| Expenses | Rs. 39.04 Cr | Rs. 20.71 Cr | Rs. 26.63 Cr | + 28.59 % | -31.79 % |
| Operating Profit | Rs. -0.25 Cr | Rs. 0.47 Cr | Rs. -0.92 Cr | -295.74 % | -268 % |
| OPM % | -0.64 % | 2.22 % | -3.58 % | -5.8 % | -2.94 % |
| Other Income | Rs. 0.181 Cr | Rs. 0.111 Cr | Rs. 0.892 Cr | + 703.6 % | + 392.82 % |
| Interest | Rs. 0.81 Cr | Rs. 0.72 Cr | Rs. 0.86 Cr | + 19.44 % | + 6.17 % |
| Depreciation | Rs. 0.36 Cr | Rs. 0.29 Cr | Rs. 0.31 Cr | + 6.9 % | -13.89 % |
| Profit before tax | Rs. -1.24 Cr | Rs. -0.43 Cr | Rs. -1.2 Cr | -179.07 % | + 3.23 % |
| Tax % | -22.85 % | -6.25 % | -14.6 % | -8.35 % | + 8.25 % |
| Net Profit | Rs. -0.96 Cr | Rs. -0.41 Cr | Rs. -1.02 Cr | -148.78 % | -6.25 % |
| EPS in Rs | Rs. -0.68 | Rs. -0.29 | Rs. -0.72 | -148.28 % | -5.88 % |
Today, we’re looking at Mohit Industries Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -33.72 %. However, it did see a marginal increase of 21.42 % from the previous quarter. Expenses ticked up slightly by 28.59 % quarter-on-quarter, aligning with the annual decline of -31.79 %. Operating profit, while down -268 % compared to last year, faced a quarter-on-quarter dip of -295.74 %, 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 -2.94 %, but a shrinkage of -5.8 % sequentially. Other income rose by 703.6 % compared to the last quarter, despite an annual growth of 392.82 %. Interest expenses surged remarkably by 19.44 % from the previous quarter, yet the year-over-year increase remains at a moderate 6.17 %. Depreciation costs climbed by 6.9 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -13.89 %. Profit before tax grew annually by 3.23 % but saw a reduction from the preceding quarter by -179.07 %.
Tax expenses as a percentage of profits increased slightly by 8.25 % compared to last year, with a more notable quarter-on-quarter decrease of -8.35 %. Net profit fell by -6.25 % year-on-year but witnessed a -148.78 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -5.88 % but a quarterly fall of -148.28 %. In summary, Mohit 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. 38.793 Cr | Rs. 21.176 Cr | Rs. 25.711 Cr | + 21.42 % | -33.72 % |
| Expenses | Rs. 39.04 Cr | Rs. 20.71 Cr | Rs. 26.63 Cr | + 28.59 % | -31.79 % |
| Operating Profit | Rs. -0.25 Cr | Rs. 0.47 Cr | Rs. -0.92 Cr | -295.74 % | -268 % |
| Net Profit | Rs. -0.96 Cr | Rs. -0.41 Cr | Rs. -1.02 Cr | -148.78 % | -6.25 % |
| EPS in Rs | Rs. -0.68 | Rs. -0.29 | Rs. -0.72 | -148.28 % | -5.88 % |
In reviewing Mohit Industries Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -33.72 % year-on-year, however, there was a minor increase of 21.42 % from the previous quarter. Expenses decreased by -31.79 % compared to the previous year, with a 28.59 % increase quarter-on-quarter. Operating Profit dropped by -268 % annually, and saw a -295.74 % decrease from the last quarter.
Net Profit showed yearly decrease of -6.25 %, and experienced a -148.78 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -5.88 % annually, however dipped by -148.28 % compared to the last quarter. In essence, while Mohit Industries 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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