Share the post "Lakshmi Machine Works : Q1 2024 Financial Quarterly Report : YoY Sales Down 43.49 %, QoQ Down 30.67 %"
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 -43.49 % over the year, decrease in net sales/revenue by -30.67 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -19.29 %, Marginal decrease of -26.82% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Lakshmi Machine Works Limited. Profit dropped by -88.25 % Year to Year, Lakshmi Machine Works Limited’s profitability dropped by -83.3 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -88.26 % Year to Year. EPS decreased by -83.31 % 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. 1190.82 Cr | Rs. 970.65 Cr | Rs. 672.96 Cr | -30.67 % | -43.49 % |
| Expenses | Rs. 1081.95 Cr | Rs. 897.15 Cr | Rs. 659.72 Cr | -26.46 % | -39.02 % |
| Operating Profit | Rs. 108.87 Cr | Rs. 73.5 Cr | Rs. 13.24 Cr | -81.99 % | -87.84 % |
| OPM % | 9.14 % | 7.57 % | 1.97 % | -5.6 % | -7.17 % |
| Other Income | Rs. 36.45 Cr | Rs. 40.2 Cr | Rs. 29.42 Cr | -26.82 % | -19.29 % |
| Interest | Rs. 0.15 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 22.79 Cr | Rs. 26.57 Cr | Rs. 26.41 Cr | -0.6 % | + 15.88 % |
| Profit before tax | Rs. 122.38 Cr | Rs. 87.13 Cr | Rs. 16.25 Cr | -81.35 % | -86.72 % |
| Tax % | 23.35 % | 24.27 % | 32.18 % | + 7.91 % | + 8.83 % |
| Net Profit | Rs. 93.8 Cr | Rs. 65.98 Cr | Rs. 11.02 Cr | -83.3 % | -88.25 % |
| EPS in Rs | Rs. 87.8 | Rs. 61.76 | Rs. 10.31 | -83.31 % | -88.26 % |
Today, we’re looking at Lakshmi Machine Works Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -43.49 %. However, it did see a marginal slip of -30.67 % from the previous quarter. Expenses decreased slightly by -26.46 % quarter-on-quarter, aligning with the annual decline of -39.02 %. Operating profit, while down -87.84 % compared to last year, faced a quarter-on-quarter dip of -81.99 %, 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 -7.17 %, but a shrinkage of -5.6 % sequentially. Other income fell by -26.82 % compared to the last quarter, despite an annual decline of -19.29 %. Depreciation costs fell by -0.6 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 15.88 %. Profit before tax declined annually by -86.72 % but saw a reduction from the preceding quarter by -81.35 %.
Tax expenses as a percentage of profits increased slightly by 8.83 % compared to last year, with a more notable quarter-on-quarter increase of 7.91 %. Net profit fell by -88.25 % year-on-year but witnessed a -83.3 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -88.26 % but a quarterly fall of -83.31 %. In summary, Lakshmi Machine Works 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. 1190.82 Cr | Rs. 970.65 Cr | Rs. 672.96 Cr | -30.67 % | -43.49 % |
| Expenses | Rs. 1081.95 Cr | Rs. 897.15 Cr | Rs. 659.72 Cr | -26.46 % | -39.02 % |
| Operating Profit | Rs. 108.87 Cr | Rs. 73.5 Cr | Rs. 13.24 Cr | -81.99 % | -87.84 % |
| Net Profit | Rs. 93.8 Cr | Rs. 65.98 Cr | Rs. 11.02 Cr | -83.3 % | -88.25 % |
| EPS in Rs | Rs. 87.8 | Rs. 61.76 | Rs. 10.31 | -83.31 % | -88.26 % |
In reviewing Lakshmi Machine Works Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -43.49 % year-on-year, although there was a slight dip of -30.67 % from the previous quarter. Expenses decreased by -39.02 % compared to the previous year, with a decrease of -26.46 % quarter-on-quarter. Operating Profit dropped by -87.84 % annually, and saw a -81.99 % decrease from the last quarter.
Net Profit showed yearly decrease of -88.25 %, and experienced a -83.3 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -88.26 % annually, however dipped by -83.31 % compared to the last quarter. In essence, while Lakshmi Machine Works 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.
