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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 -11.26 % over the year, decrease in net sales/revenue by -23.59 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -0.04 %, Marginal increase in other income during this quarter, up by 8.32%.
- Profit over the Year and quarter: Significant improvement in profitability for Mac Charles (India) Ltd.,. Notable increase of 115.15 % in net profit Year to Year, Mac Charles (India) Ltd.,’s profitability increased by 7.47 % in this quarter.
- EPS over the Year and quarter: EPS increased by 115.15 % Year to Year. EPS increased by 7.44 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 2.07 Cr | Rs. 2.404 Cr | Rs. 1.837 Cr | -23.59 % | -11.26 % |
Expenses | Rs. 2.67 Cr | Rs. 8.27 Cr | Rs. 8.43 Cr | + 1.93 % | + 215.73 % |
Operating Profit | Rs. -0.6 Cr | Rs. -5.87 Cr | Rs. -6.59 Cr | -12.27 % | -998.33 % |
OPM % | -28.99 % | -244.18 % | -358.74 % | -114.56 % | -329.75 % |
Other Income | Rs. 4.598 Cr | Rs. 4.243 Cr | Rs. 4.596 Cr | + 8.32 % | -0.04 % |
Interest | Rs. 16.67 Cr | Rs. 19.34 Cr | Rs. 20.33 Cr | + 5.12 % | + 21.96 % |
Depreciation | Rs. 0.46 Cr | Rs. 0.49 Cr | Rs. 0.56 Cr | + 14.29 % | + 21.74 % |
Profit before tax | Rs. -13.13 Cr | Rs. -21.46 Cr | Rs. -22.88 Cr | -6.62 % | -74.26 % |
Tax % | -18.95 % | -0.7 % | -0 % | + 0.7 % | + 18.95 % |
Net Profit | Rs. -10.64 Cr | Rs. -21.3 Cr | Rs. -22.89 Cr | -7.46 % | -115.13 % |
EPS in Rs | Rs. -8.12 | Rs. -16.26 | Rs. -17.47 | -7.44 % | -115.15 % |
Today, we’re looking at Mac Charles (India) Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -11.26 %. However, it did see a marginal slip of -23.59 % from the previous quarter. Expenses ticked up slightly by 1.93 % quarter-on-quarter, aligning with the annual rise of 215.73 %. Operating profit, while down -998.33 % compared to last year, faced a quarter-on-quarter dip of -12.27 %, 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 -329.75 %, but a shrinkage of -114.56 % sequentially. Other income rose by 8.32 % compared to the last quarter, despite an annual decline of -0.04 %. Interest expenses surged remarkably by 5.12 % from the previous quarter, yet the year-over-year increase remains at a moderate 21.96 %. Depreciation costs climbed by 14.29 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 21.74 %. Profit before tax declined annually by -74.26 % but saw a reduction from the preceding quarter by -6.62 %.
Tax expenses as a percentage of profits increased slightly by 18.95 % compared to last year, with a more notable quarter-on-quarter increase of 0.7 %. Net profit fell by -115.13 % year-on-year but witnessed a -7.46 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -115.15 % but a quarterly fall of -7.44 %. In summary, Mac Charles (India) 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. 2.07 Cr | Rs. 2.404 Cr | Rs. 1.837 Cr | -23.59 % | -11.26 % |
Expenses | Rs. 2.67 Cr | Rs. 8.27 Cr | Rs. 8.43 Cr | + 1.93 % | + 215.73 % |
Operating Profit | Rs. -0.6 Cr | Rs. -5.87 Cr | Rs. -6.59 Cr | -12.27 % | -998.33 % |
Net Profit | Rs. -10.64 Cr | Rs. -21.3 Cr | Rs. -22.89 Cr | -7.46 % | -115.13 % |
EPS in Rs | Rs. -8.12 | Rs. -16.26 | Rs. -17.47 | -7.44 % | -115.15 % |
In reviewing Mac Charles (India) Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -11.26 % year-on-year, although there was a slight dip of -23.59 % from the previous quarter. Expenses rose by 215.73 % compared to the previous year, with a 1.93 % increase quarter-on-quarter. Operating Profit dropped by -998.33 % annually, and saw a -12.27 % decrease from the last quarter.
Net Profit showed yearly decrease of -115.13 %, and experienced a -7.46 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -115.15 % annually, however dipped by -7.44 % compared to the last quarter. In essence, while Mac Charles (India) 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.
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