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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 7.47 % in the past year, substantial increase in net sales/revenue by 16.3 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -64.52 %, Marginal decrease of -50% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Machino Plastics Ltd. Notable increase of 80.96 % in net profit Year to Year, Machino Plastics Ltd’s profitability increased by 14.04 % in this quarter.
- EPS over the Year and quarter: EPS increased by 80.95 % Year to Year. EPS increased by 14 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 88.542 Cr | Rs. 81.822 Cr | Rs. 95.16 Cr | + 16.3 % | + 7.47 % |
Expenses | Rs. 82.25 Cr | Rs. 74.97 Cr | Rs. 87.58 Cr | + 16.82 % | + 6.48 % |
Operating Profit | Rs. 6.29 Cr | Rs. 6.85 Cr | Rs. 7.58 Cr | + 10.66 % | + 20.51 % |
OPM % | 7.1 % | 8.37 % | 7.97 % | -0.4 % | + 0.87 % |
Other Income | Rs. 0.031 Cr | Rs. 0.022 Cr | Rs. 0.011 Cr | -50 % | -64.52 % |
Interest | Rs. 1.54 Cr | Rs. 2.13 Cr | Rs. 2.18 Cr | + 2.35 % | + 41.56 % |
Depreciation | Rs. 3.54 Cr | Rs. 3.54 Cr | Rs. 3.07 Cr | -13.28 % | -13.28 % |
Profit before tax | Rs. 1.24 Cr | Rs. 1.2 Cr | Rs. 2.34 Cr | + 95 % | + 88.71 % |
Tax % | 38.12 % | 1.66 % | 40.28 % | + 38.62 % | + 2.16 % |
Net Profit | Rs. 0.77 Cr | Rs. 1.23 Cr | Rs. 1.4 Cr | + 13.82 % | + 81.82 % |
EPS in Rs | Rs. 1.26 | Rs. 2 | Rs. 2.28 | + 14 % | + 80.95 % |
Today, we’re looking at Machino Plastics Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 7.47 %. However, it did see a marginal increase of 16.3 % from the previous quarter. Expenses ticked up slightly by 16.82 % quarter-on-quarter, aligning with the annual rise of 6.48 %. Operating profit, while up 20.51 % compared to last year, faced a quarter-on-quarter increase of 10.66 %, 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 0.87 %, but a shrinkage of -0.4 % sequentially. Other income fell by -50 % compared to the last quarter, despite an annual decline of -64.52 %. Interest expenses surged remarkably by 2.35 % from the previous quarter, yet the year-over-year increase remains at a moderate 41.56 %. Depreciation costs fell by -13.28 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -13.28 %. Profit before tax grew annually by 88.71 % but saw an increase from the preceding quarter by 95 %.
Tax expenses as a percentage of profits increased slightly by 2.16 % compared to last year, with a more notable quarter-on-quarter increase of 38.62 %. Net profit rose by 81.82 % year-on-year but experienced a 13.82 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 80.95 % but a quarterly rise of 14 %. In summary, Machino Plastics 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. 88.542 Cr | Rs. 81.822 Cr | Rs. 95.16 Cr | + 16.3 % | + 7.47 % |
Expenses | Rs. 82.25 Cr | Rs. 74.97 Cr | Rs. 87.58 Cr | + 16.82 % | + 6.48 % |
Operating Profit | Rs. 6.29 Cr | Rs. 6.85 Cr | Rs. 7.58 Cr | + 10.66 % | + 20.51 % |
Net Profit | Rs. 0.77 Cr | Rs. 1.23 Cr | Rs. 1.4 Cr | + 13.82 % | + 81.82 % |
EPS in Rs | Rs. 1.26 | Rs. 2 | Rs. 2.28 | + 14 % | + 80.95 % |
In reviewing Machino Plastics Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7.47 % year-on-year growth, however, there was a minor increase of 16.3 % from the previous quarter. Expenses rose by 6.48 % compared to the previous year, with a 16.82 % increase quarter-on-quarter. Operating Profit surged by 20.51 % annually, and saw a 10.66 % increase from the last quarter.
Net Profit showed yearly increase of 81.82 %, and experienced a 13.82 % increase from the previous quarter. Earnings Per Share (EPS) rose by 80.95 % annually, however rose by 14 % compared to the last quarter. In essence, while Machino Plastics 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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