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Magna Electro Castings : Q4 2024 Financial Quarterly Report : YoY Sales Down 1.29 %, QoQ Up 3.4 %

June 14, 2024June 14, 2024| adminadmin| 0 Comments| 5:05 pm
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -1.29 % over the year, substantial increase in net sales/revenue by 3.4 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -38.75 %, Marginal increase in other income during this quarter, up by 48.48%.
  • Profit over the Year and quarter: Significant improvement in profitability for Magna Electro Castings Ltd.. Notable increase of 48.64 % in net profit Year to Year, Magna Electro Castings Ltd.’s profitability increased by 15.78 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 48.69 % Year to Year. EPS increased by 15.71 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Magna Electro Castings Ltd.”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 36.821 Cr Rs. 35.15 Cr Rs. 36.346 Cr + 3.4 % -1.29 %
Expenses Rs. 32.26 Cr Rs. 29.49 Cr Rs. 30.08 Cr + 2 % -6.76 %
Operating Profit Rs. 4.56 Cr Rs. 5.66 Cr Rs. 6.27 Cr + 10.78 % + 37.5 %
OPM % 12.38 % 16.1 % 17.25 % + 1.15 % + 4.87 %
Other Income Rs. 0.8 Cr Rs. 0.33 Cr Rs. 0.49 Cr + 48.48 % -38.75 %
Interest Rs. 0.06 Cr Rs. 0.07 Cr Rs. 0.06 Cr -14.29 % + 0 %
Depreciation Rs. 1.43 Cr Rs. 1.08 Cr Rs. 1.15 Cr + 6.48 % -19.58 %
Profit before tax Rs. 3.87 Cr Rs. 4.84 Cr Rs. 5.55 Cr + 14.67 % + 43.41 %
Tax % 28.97 % 27.06 % 26.27 % -0.79 % -2.7 %
Net Profit Rs. 2.75 Cr Rs. 3.53 Cr Rs. 4.09 Cr + 15.86 % + 48.73 %
EPS in Rs Rs. 6.49 Rs. 8.34 Rs. 9.65 + 15.71 % + 48.69 %


Today, we’re looking at Magna Electro Castings Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -1.29 %. However, it did see a marginal increase of 3.4 % from the previous quarter. Expenses ticked up slightly by 2 % quarter-on-quarter, aligning with the annual decline of -6.76 %. Operating profit, while up 37.5 % compared to last year, faced a quarter-on-quarter increase of 10.78 %, 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 4.87 %, but an expansion of 1.15 % sequentially. Other income rose by 48.48 % compared to the last quarter, despite an annual decline of -38.75 %. Interest expenses dropped significantly by -14.29 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs climbed by 6.48 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -19.58 %. Profit before tax grew annually by 43.41 % but saw an increase from the preceding quarter by 14.67 %.
Tax expenses as a percentage of profits decreased slightly by -2.7 % compared to last year, with a more notable quarter-on-quarter decrease of -0.79 %. Net profit rose by 48.73 % year-on-year but experienced a 15.86 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 48.69 % but a quarterly rise of 15.71 %. In summary, Magna Electro Castings 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. 36.821 Cr Rs. 35.15 Cr Rs. 36.346 Cr + 3.4 % -1.29 %
Expenses Rs. 32.26 Cr Rs. 29.49 Cr Rs. 30.08 Cr + 2 % -6.76 %
Operating Profit Rs. 4.56 Cr Rs. 5.66 Cr Rs. 6.27 Cr + 10.78 % + 37.5 %
Net Profit Rs. 2.75 Cr Rs. 3.53 Cr Rs. 4.09 Cr + 15.86 % + 48.73 %
EPS in Rs Rs. 6.49 Rs. 8.34 Rs. 9.65 + 15.71 % + 48.69 %


In reviewing Magna Electro Castings Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.29 % year-on-year, however, there was a minor increase of 3.4 % from the previous quarter. Expenses decreased by -6.76 % compared to the previous year, with a 2 % increase quarter-on-quarter. Operating Profit surged by 37.5 % annually, and saw a 10.78 % increase from the last quarter.
Net Profit showed yearly increase of 48.73 %, and experienced a 15.86 % increase from the previous quarter. Earnings Per Share (EPS) rose by 48.69 % annually, however rose by 15.71 % compared to the last quarter. In essence, while Magna Electro Castings 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.

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