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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 -58.9 % over the year, decrease in net sales/revenue by -1.73 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -53.75 %, Marginal increase in other income during this quarter, up by 2.23%.
- Profit over the Year and quarter: Significant improvement in profitability for Mahalaxmi Rubtech Limited. Notable increase of 158.24 % in net profit Year to Year, Mahalaxmi Rubtech Limited’s profitability dropped by -15.96 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 157.98 % Year to Year. EPS decreased by -15.66 % 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. 50.128 Cr | Rs. 20.963 Cr | Rs. 20.601 Cr | -1.73 % | -58.9 % |
Expenses | Rs. 46.46 Cr | Rs. 14.13 Cr | Rs. 15.79 Cr | + 11.75 % | -66.01 % |
Operating Profit | Rs. 3.67 Cr | Rs. 6.83 Cr | Rs. 4.81 Cr | -29.58 % | + 31.06 % |
OPM % | 7.32 % | 32.58 % | 23.35 % | -9.23 % | + 16.03 % |
Other Income | Rs. 0.893 Cr | Rs. 0.404 Cr | Rs. 0.413 Cr | + 2.23 % | -53.75 % |
Interest | Rs. 0.83 Cr | Rs. 0.48 Cr | Rs. 0.33 Cr | -31.25 % | -60.24 % |
Depreciation | Rs. 1.96 Cr | Rs. 0.84 Cr | Rs. 0.96 Cr | + 14.29 % | -51.02 % |
Profit before tax | Rs. 1.77 Cr | Rs. 5.91 Cr | Rs. 3.93 Cr | -33.5 % | + 122.03 % |
Tax % | 29.04 % | 34.48 % | 17.16 % | -17.32 % | -11.88 % |
Net Profit | Rs. 1.26 Cr | Rs. 3.88 Cr | Rs. 3.26 Cr | -15.98 % | + 158.73 % |
EPS in Rs | Rs. 1.19 | Rs. 3.64 | Rs. 3.07 | -15.66 % | + 157.98 % |
Today, we’re looking at Mahalaxmi Rubtech Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -58.9 %. However, it did see a marginal slip of -1.73 % from the previous quarter. Expenses ticked up slightly by 11.75 % quarter-on-quarter, aligning with the annual decline of -66.01 %. Operating profit, while up 31.06 % compared to last year, faced a quarter-on-quarter dip of -29.58 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 16.03 %, but a shrinkage of -9.23 % sequentially. Other income rose by 2.23 % compared to the last quarter, despite an annual decline of -53.75 %. Interest expenses dropped significantly by -31.25 % from the previous quarter, yet the year-over-year decrease remains at a moderate -60.24 %. Depreciation costs climbed by 14.29 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -51.02 %. Profit before tax grew annually by 122.03 % but saw a reduction from the preceding quarter by -33.5 %.
Tax expenses as a percentage of profits decreased slightly by -11.88 % compared to last year, with a more notable quarter-on-quarter decrease of -17.32 %. Net profit rose by 158.73 % year-on-year but witnessed a -15.98 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 157.98 % but a quarterly fall of -15.66 %. In summary, Mahalaxmi Rubtech Limited’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. 50.128 Cr | Rs. 20.963 Cr | Rs. 20.601 Cr | -1.73 % | -58.9 % |
Expenses | Rs. 46.46 Cr | Rs. 14.13 Cr | Rs. 15.79 Cr | + 11.75 % | -66.01 % |
Operating Profit | Rs. 3.67 Cr | Rs. 6.83 Cr | Rs. 4.81 Cr | -29.58 % | + 31.06 % |
Net Profit | Rs. 1.26 Cr | Rs. 3.88 Cr | Rs. 3.26 Cr | -15.98 % | + 158.73 % |
EPS in Rs | Rs. 1.19 | Rs. 3.64 | Rs. 3.07 | -15.66 % | + 157.98 % |
In reviewing Mahalaxmi Rubtech Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -58.9 % year-on-year, although there was a slight dip of -1.73 % from the previous quarter. Expenses decreased by -66.01 % compared to the previous year, with a 11.75 % increase quarter-on-quarter. Operating Profit surged by 31.06 % annually, and saw a -29.58 % decrease from the last quarter.
Net Profit showed yearly increase of 158.73 %, and experienced a -15.98 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 157.98 % annually, however dipped by -15.66 % compared to the last quarter. In essence, while Mahalaxmi Rubtech Limited exhibits strong annual growth 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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