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Highlights
- Sales over the Year and quarter: The company’s sales declined by -69.21 % over the year, decrease in net sales/revenue by -78.94 %.
- 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 11.87 %. Marginal decrease of -2.89% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for 63 Moons Technologies Limited. Notable increase of 483.68 % in net profit Year to Year, 63 Moons Technologies Limited’s profitability dropped by -70.28 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 483.64 % Year to Year. EPS decreased by -70.28 % 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. 107.171 Cr | Rs. 156.687 Cr | Rs. 32.999 Cr | -78.94 % | -69.21 % |
| Expenses | Rs. 57.75 Cr | Rs. 67.42 Cr | Rs. 65.41 Cr | -2.98 % | + 13.26 % |
| Operating Profit | Rs. 49.42 Cr | Rs. 89.27 Cr | Rs. -32.41 Cr | -136.31 % | -165.58 % |
| OPM % | 46.11 % | 56.97 % | -98.22 % | -155.19 % | -144.33 % |
| Other Income | Rs. 32.77 Cr | Rs. 37.75 Cr | Rs. 36.66 Cr | -2.89 % | + 11.87 % |
| Interest | Rs. 0.18 Cr | Rs. 0.23 Cr | Rs. 0.26 Cr | + 13.04 % | + 44.44 % |
| Depreciation | Rs. 3.32 Cr | Rs. 3.23 Cr | Rs. 3.14 Cr | -2.79 % | -5.42 % |
| Profit before tax | Rs. 78.69 Cr | Rs. 123.56 Cr | Rs. 0.85 Cr | -99.31 % | -98.92 % |
| Tax % | 83.01 % | 8.33 % | -544.87 % | -553.2 % | -627.88 % |
| Net Profit | Rs. 5.07 Cr | Rs. 99.51 Cr | Rs. 29.58 Cr | -70.27 % | + 483.43 % |
| EPS in Rs | Rs. 1.1 | Rs. 21.6 | Rs. 6.42 | -70.28 % | + 483.64 % |
Today, we’re looking at 63 Moons Technologies Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -69.21 %. However, it did see a marginal slip of -78.94 % from the previous quarter. Expenses decreased slightly by -2.98 % quarter-on-quarter, aligning with the annual rise of 13.26 %. Operating profit, while down -165.58 % compared to last year, faced a quarter-on-quarter dip of -136.31 %, 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 -144.33 %, but a shrinkage of -155.19 % sequentially. Other income fell by -2.89 % compared to the last quarter, despite an annual growth of 11.87 %. Interest expenses surged remarkably by 13.04 % from the previous quarter, yet the year-over-year increase remains at a moderate 44.44 %. Depreciation costs fell by -2.79 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -5.42 %. Profit before tax declined annually by -98.92 % but saw a reduction from the preceding quarter by -99.31 %.
Tax expenses as a percentage of profits decreased slightly by -627.88 % compared to last year, with a more notable quarter-on-quarter decrease of -553.2 %. Net profit rose by 483.43 % year-on-year but witnessed a -70.27 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 483.64 % but a quarterly fall of -70.28 %. In summary, 63 Moons Technologies 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. 107.171 Cr | Rs. 156.687 Cr | Rs. 32.999 Cr | -78.94 % | -69.21 % |
| Expenses | Rs. 57.75 Cr | Rs. 67.42 Cr | Rs. 65.41 Cr | -2.98 % | + 13.26 % |
| Operating Profit | Rs. 49.42 Cr | Rs. 89.27 Cr | Rs. -32.41 Cr | -136.31 % | -165.58 % |
| Net Profit | Rs. 5.07 Cr | Rs. 99.51 Cr | Rs. 29.58 Cr | -70.27 % | + 483.43 % |
| EPS in Rs | Rs. 1.1 | Rs. 21.6 | Rs. 6.42 | -70.28 % | + 483.64 % |
In reviewing 63 Moons Technologies Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -69.21 % year-on-year, although there was a slight dip of -78.94 % from the previous quarter. Expenses rose by 13.26 % compared to the previous year, with a decrease of -2.98 % quarter-on-quarter. Operating Profit dropped by -165.58 % annually, and saw a -136.31 % decrease from the last quarter.
Net Profit showed yearly increase of 483.43 %, and experienced a -70.27 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 483.64 % annually, however dipped by -70.28 % compared to the last quarter. In essence, while 63 Moons Technologies Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
