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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’s sales declined by -13.75 % over the year, decrease in net sales/revenue by -38.61 %.
- 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 50.44 %. Marginal decrease of -4.47% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS LTD. Profit dropped by -31.31 % Year to Year, MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS LTD’s profitability dropped by -51.3 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -65.66 % Year to Year. EPS decreased by -51.28 % 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. 10.083 Cr | Rs. 14.166 Cr | Rs. 8.697 Cr | -38.61 % | -13.75 % |
| Expenses | Rs. 7.68 Cr | Rs. 10.65 Cr | Rs. 7.18 Cr | -32.58 % | -6.51 % |
| Operating Profit | Rs. 2.4 Cr | Rs. 3.52 Cr | Rs. 1.52 Cr | -56.82 % | -36.67 % |
| OPM % | 23.8 % | 24.85 % | 17.48 % | -7.37 % | -6.32 % |
| Other Income | Rs. 0.341 Cr | Rs. 0.537 Cr | Rs. 0.513 Cr | -4.47 % | + 50.44 % |
| Interest | Rs. 0.19 Cr | Rs. 0.18 Cr | Rs. 0.24 Cr | + 33.33 % | + 26.32 % |
| Depreciation | Rs. 0.1 Cr | Rs. 0.13 Cr | Rs. 0.1 Cr | -23.08 % | + 0 % |
| Profit before tax | Rs. 2.45 Cr | Rs. 3.75 Cr | Rs. 1.69 Cr | -54.93 % | -31.02 % |
| Tax % | 25.6 % | 24.94 % | 25.83 % | + 0.89 % | + 0.23 % |
| Net Profit | Rs. 1.83 Cr | Rs. 2.58 Cr | Rs. 1.26 Cr | -51.16 % | -31.15 % |
| EPS in Rs | Rs. 6.64 | Rs. 4.68 | Rs. 2.28 | -51.28 % | -65.66 % |
Today, we’re looking at MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS 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 -13.75 %. However, it did see a marginal slip of -38.61 % from the previous quarter. Expenses decreased slightly by -32.58 % quarter-on-quarter, aligning with the annual decline of -6.51 %. Operating profit, while down -36.67 % compared to last year, faced a quarter-on-quarter dip of -56.82 %, 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 -6.32 %, but a shrinkage of -7.37 % sequentially. Other income fell by -4.47 % compared to the last quarter, despite an annual growth of 50.44 %. Interest expenses surged remarkably by 33.33 % from the previous quarter, yet the year-over-year increase remains at a moderate 26.32 %. Depreciation costs fell by -23.08 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -31.02 % but saw a reduction from the preceding quarter by -54.93 %.
Tax expenses as a percentage of profits increased slightly by 0.23 % compared to last year, with a more notable quarter-on-quarter increase of 0.89 %. Net profit fell by -31.15 % year-on-year but witnessed a -51.16 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -65.66 % but a quarterly fall of -51.28 %. In summary, MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS 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. 10.083 Cr | Rs. 14.166 Cr | Rs. 8.697 Cr | -38.61 % | -13.75 % |
| Expenses | Rs. 7.68 Cr | Rs. 10.65 Cr | Rs. 7.18 Cr | -32.58 % | -6.51 % |
| Operating Profit | Rs. 2.4 Cr | Rs. 3.52 Cr | Rs. 1.52 Cr | -56.82 % | -36.67 % |
| Net Profit | Rs. 1.83 Cr | Rs. 2.58 Cr | Rs. 1.26 Cr | -51.16 % | -31.15 % |
| EPS in Rs | Rs. 6.64 | Rs. 4.68 | Rs. 2.28 | -51.28 % | -65.66 % |
In reviewing MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS LTD’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -13.75 % year-on-year, although there was a slight dip of -38.61 % from the previous quarter. Expenses decreased by -6.51 % compared to the previous year, with a decrease of -32.58 % quarter-on-quarter. Operating Profit dropped by -36.67 % annually, and saw a -56.82 % decrease from the last quarter.
Net Profit showed yearly decrease of -31.15 %, and experienced a -51.16 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -65.66 % annually, however dipped by -51.28 % compared to the last quarter. In essence, while MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS 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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