Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 0.74 % in the past year, decrease in net sales/revenue by -8.96 %.
- 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 0 %. Marginal increase in other income during this quarter, up by 0%.
- Profit over the Year and quarter: Challenges in sustaining profitability for M.M. Rubber Company Ltd.,. Profit dropped by -494.19 % Year to Year, M.M. Rubber Company Ltd.,’s profitability increased by 1068.97 % in this quarter.
- EPS over the Year and quarter: EPS declined by -494.20 % Year to Year. EPS increased by 1082.61 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 9.83 Cr | Rs. 10.878 Cr | Rs. 9.903 Cr | -8.96 % | + 0.74 % |
| Expenses | Rs. 8.76 Cr | Rs. 10.75 Cr | Rs. 10.81 Cr | + 0.56 % | + 23.4 % |
| Operating Profit | Rs. 1.07 Cr | Rs. 0.13 Cr | Rs. -0.91 Cr | -800 % | -185.05 % |
| OPM % | 10.89 % | 1.2 % | -9.19 % | -10.39 % | -20.08 % |
| Other Income | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.01 Cr | + 0 % | + 0 % |
| Interest | Rs. 0.1 Cr | Rs. 0.15 Cr | Rs. 0.19 Cr | + 26.67 % | + 90 % |
| Depreciation | Rs. 0.3 Cr | Rs. 0.14 Cr | Rs. 0.41 Cr | + 192.86 % | + 36.67 % |
| Profit before tax | Rs. 0.68 Cr | Rs. -0.15 Cr | Rs. -1.5 Cr | -900 % | -320.59 % |
| Tax % | 37.5 % | -0 % | -13.38 % | -13.38 % | -50.88 % |
| Net Profit | Rs. 0.43 Cr | Rs. -0.15 Cr | Rs. -1.7 Cr | -1033.33 % | -495.35 % |
| EPS in Rs | Rs. 0.69 | Rs. -0.23 | Rs. -2.72 | -1082.61 % | -494.2 % |
Today, we’re looking at M.M. Rubber 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 0.74 %. However, it did see a marginal slip of -8.96 % from the previous quarter. Expenses ticked up slightly by 0.56 % quarter-on-quarter, aligning with the annual rise of 23.4 %. Operating profit, while down -185.05 % compared to last year, faced a quarter-on-quarter dip of -800 %, 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 -20.08 %, but a shrinkage of -10.39 % sequentially. Other income rose by 0 % compared to the last quarter, despite an annual growth of 0 %. Interest expenses surged remarkably by 26.67 % from the previous quarter, yet the year-over-year increase remains at a moderate 90 %. Depreciation costs climbed by 192.86 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 36.67 %. Profit before tax declined annually by -320.59 % but saw a reduction from the preceding quarter by -900 %.
Tax expenses as a percentage of profits decreased slightly by -50.88 % compared to last year, with a more notable quarter-on-quarter decrease of -13.38 %. Net profit fell by -495.35 % year-on-year but witnessed a -1033.33 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -494.2 % but a quarterly fall of -1082.61 %. In summary, M.M. Rubber 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. 9.83 Cr | Rs. 10.878 Cr | Rs. 9.903 Cr | -8.96 % | + 0.74 % |
| Expenses | Rs. 8.76 Cr | Rs. 10.75 Cr | Rs. 10.81 Cr | + 0.56 % | + 23.4 % |
| Operating Profit | Rs. 1.07 Cr | Rs. 0.13 Cr | Rs. -0.91 Cr | -800 % | -185.05 % |
| Net Profit | Rs. 0.43 Cr | Rs. -0.15 Cr | Rs. -1.7 Cr | -1033.33 % | -495.35 % |
| EPS in Rs | Rs. 0.69 | Rs. -0.23 | Rs. -2.72 | -1082.61 % | -494.2 % |
In reviewing M.M. Rubber Company Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 0.74 % year-on-year growth, although there was a slight dip of -8.96 % from the previous quarter. Expenses rose by 23.4 % compared to the previous year, with a 0.56 % increase quarter-on-quarter. Operating Profit dropped by -185.05 % annually, and saw a -800 % decrease from the last quarter.
Net Profit showed yearly decrease of -495.35 %, and experienced a -1033.33 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -494.2 % annually, however dipped by -1082.61 % compared to the last quarter. In essence, while M.M. Rubber Company Ltd., 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.
