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Lakshmi Mills Company : Q4 2024 Financial Quarterly Report : YoY Sales Up 50.62 %, QoQ Down 3.3 %

June 25, 2024June 25, 2024| adminadmin| 0 Comments| 1:05 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 50.62 % in the past year, decrease in net sales/revenue by -3.3 %.
  • 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 21.74 %. Marginal increase in other income during this quarter, up by 35.48%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Lakshmi Mills Company ltd. Profit dropped by -51.11 % Year to Year, Lakshmi Mills Company ltd’s profitability dropped by -33.98 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS declined by -51.12 % Year to Year. EPS decreased by -34 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Lakshmi Mills Company 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. 44.843 Cr Rs. 69.847 Cr Rs. 67.544 Cr -3.3 % + 50.62 %
Expenses Rs. 46.09 Cr Rs. 66.06 Cr Rs. 64.16 Cr -2.88 % + 39.21 %
Operating Profit Rs. -1.25 Cr Rs. 3.79 Cr Rs. 3.38 Cr -10.82 % + 370.4 %
OPM % -2.79 % 5.43 % 5 % -0.43 % + 7.79 %
Other Income Rs. 0.69 Cr Rs. 0.62 Cr Rs. 0.84 Cr + 35.48 % + 21.74 %
Interest Rs. 1.88 Cr Rs. 2.84 Cr Rs. 4.01 Cr + 41.2 % + 113.3 %
Depreciation Rs. 2.51 Cr Rs. 5.22 Cr Rs. 5.45 Cr + 4.41 % + 117.13 %
Profit before tax Rs. -4.95 Cr Rs. -3.65 Cr Rs. -5.24 Cr -43.56 % -5.86 %
Tax % -25.57 % -25.53 % -51.77 % -26.24 % -26.2 %
Net Profit Rs. -3.68 Cr Rs. -2.73 Cr Rs. -1.8 Cr + 34.07 % + 51.09 %
EPS in Rs Rs. -52.91 Rs. -39.18 Rs. -25.86 + 34 % + 51.12 %


Today, we’re looking at Lakshmi Mills Company 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 50.62 %. However, it did see a marginal slip of -3.3 % from the previous quarter. Expenses decreased slightly by -2.88 % quarter-on-quarter, aligning with the annual rise of 39.21 %. Operating profit, while up 370.4 % compared to last year, faced a quarter-on-quarter dip of -10.82 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 7.79 %, but a shrinkage of -0.43 % sequentially. Other income rose by 35.48 % compared to the last quarter, despite an annual growth of 21.74 %. Interest expenses surged remarkably by 41.2 % from the previous quarter, yet the year-over-year increase remains at a moderate 113.3 %. Depreciation costs climbed by 4.41 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 117.13 %. Profit before tax declined annually by -5.86 % but saw a reduction from the preceding quarter by -43.56 %.
Tax expenses as a percentage of profits decreased slightly by -26.2 % compared to last year, with a more notable quarter-on-quarter decrease of -26.24 %. Net profit rose by 51.09 % year-on-year but experienced a 34.07 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 51.12 % but a quarterly rise of 34 %. In summary, Lakshmi Mills Company 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. 44.843 Cr Rs. 69.847 Cr Rs. 67.544 Cr -3.3 % + 50.62 %
Expenses Rs. 46.09 Cr Rs. 66.06 Cr Rs. 64.16 Cr -2.88 % + 39.21 %
Operating Profit Rs. -1.25 Cr Rs. 3.79 Cr Rs. 3.38 Cr -10.82 % + 370.4 %
Net Profit Rs. -3.68 Cr Rs. -2.73 Cr Rs. -1.8 Cr + 34.07 % + 51.09 %
EPS in Rs Rs. -52.91 Rs. -39.18 Rs. -25.86 + 34 % + 51.12 %


In reviewing Lakshmi Mills Company ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 50.62 % year-on-year growth, although there was a slight dip of -3.3 % from the previous quarter. Expenses rose by 39.21 % compared to the previous year, with a decrease of -2.88 % quarter-on-quarter. Operating Profit surged by 370.4 % annually, and saw a -10.82 % decrease from the last quarter.
Net Profit showed yearly increase of 51.09 %, and experienced a 34.07 % increase from the previous quarter. Earnings Per Share (EPS) rose by 51.12 % annually, however rose by 34 % compared to the last quarter. In essence, while Lakshmi Mills Company 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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