Highlights
- Sales over the Year and quarter: The company’s sales declined by -1.29 % over the year, substantial increase in net sales/revenue by 3.4 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -38.75 %, Marginal increase in other income during this quarter, up by 48.48%.
- Profit over the Year and quarter: Significant improvement in profitability for Magna Electro Castings Ltd.. Notable increase of 48.64 % in net profit Year to Year, Magna Electro Castings Ltd.’s profitability increased by 15.78 % in this quarter.
- EPS over the Year and quarter: EPS increased by 48.69 % Year to Year. EPS increased by 15.71 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 36.821 Cr | Rs. 35.15 Cr | Rs. 36.346 Cr | + 3.4 % | -1.29 % |
| Expenses | Rs. 32.26 Cr | Rs. 29.49 Cr | Rs. 30.08 Cr | + 2 % | -6.76 % |
| Operating Profit | Rs. 4.56 Cr | Rs. 5.66 Cr | Rs. 6.27 Cr | + 10.78 % | + 37.5 % |
| OPM % | 12.38 % | 16.1 % | 17.25 % | + 1.15 % | + 4.87 % |
| Other Income | Rs. 0.8 Cr | Rs. 0.33 Cr | Rs. 0.49 Cr | + 48.48 % | -38.75 % |
| Interest | Rs. 0.06 Cr | Rs. 0.07 Cr | Rs. 0.06 Cr | -14.29 % | + 0 % |
| Depreciation | Rs. 1.43 Cr | Rs. 1.08 Cr | Rs. 1.15 Cr | + 6.48 % | -19.58 % |
| Profit before tax | Rs. 3.87 Cr | Rs. 4.84 Cr | Rs. 5.55 Cr | + 14.67 % | + 43.41 % |
| Tax % | 28.97 % | 27.06 % | 26.27 % | -0.79 % | -2.7 % |
| Net Profit | Rs. 2.75 Cr | Rs. 3.53 Cr | Rs. 4.09 Cr | + 15.86 % | + 48.73 % |
| EPS in Rs | Rs. 6.49 | Rs. 8.34 | Rs. 9.65 | + 15.71 % | + 48.69 % |
Today, we’re looking at Magna Electro Castings Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -1.29 %. However, it did see a marginal increase of 3.4 % from the previous quarter. Expenses ticked up slightly by 2 % quarter-on-quarter, aligning with the annual decline of -6.76 %. Operating profit, while up 37.5 % compared to last year, faced a quarter-on-quarter increase of 10.78 %, 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 4.87 %, but an expansion of 1.15 % sequentially. Other income rose by 48.48 % compared to the last quarter, despite an annual decline of -38.75 %. Interest expenses dropped significantly by -14.29 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs climbed by 6.48 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -19.58 %. Profit before tax grew annually by 43.41 % but saw an increase from the preceding quarter by 14.67 %.
Tax expenses as a percentage of profits decreased slightly by -2.7 % compared to last year, with a more notable quarter-on-quarter decrease of -0.79 %. Net profit rose by 48.73 % year-on-year but experienced a 15.86 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 48.69 % but a quarterly rise of 15.71 %. In summary, Magna Electro Castings 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. 36.821 Cr | Rs. 35.15 Cr | Rs. 36.346 Cr | + 3.4 % | -1.29 % |
| Expenses | Rs. 32.26 Cr | Rs. 29.49 Cr | Rs. 30.08 Cr | + 2 % | -6.76 % |
| Operating Profit | Rs. 4.56 Cr | Rs. 5.66 Cr | Rs. 6.27 Cr | + 10.78 % | + 37.5 % |
| Net Profit | Rs. 2.75 Cr | Rs. 3.53 Cr | Rs. 4.09 Cr | + 15.86 % | + 48.73 % |
| EPS in Rs | Rs. 6.49 | Rs. 8.34 | Rs. 9.65 | + 15.71 % | + 48.69 % |
In reviewing Magna Electro Castings Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.29 % year-on-year, however, there was a minor increase of 3.4 % from the previous quarter. Expenses decreased by -6.76 % compared to the previous year, with a 2 % increase quarter-on-quarter. Operating Profit surged by 37.5 % annually, and saw a 10.78 % increase from the last quarter.
Net Profit showed yearly increase of 48.73 %, and experienced a 15.86 % increase from the previous quarter. Earnings Per Share (EPS) rose by 48.69 % annually, however rose by 15.71 % compared to the last quarter. In essence, while Magna Electro Castings 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.
