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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 0 % in the past year, decrease in net sales/revenue by -3.43 %.
- 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 266.67 %. Marginal increase in other income during this quarter, up by 0%.
- Profit over the Year and quarter: Significant improvement in profitability for Mahalaxmi Seamless Ltd.. Notable increase of 50.94 % in net profit Year to Year, Mahalaxmi Seamless Ltd.’s profitability dropped by -61.9 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 50.00 % Year to Year. EPS decreased by -62.5 % 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. 0.45 Cr | Rs. 0.466 Cr | Rs. 0.45 Cr | -3.43 % | + 0 % |
| Expenses | Rs. 0.24 Cr | Rs. 0.3 Cr | Rs. 0.27 Cr | -10 % | + 12.5 % |
| Operating Profit | Rs. 0.21 Cr | Rs. 0.17 Cr | Rs. 0.18 Cr | + 5.88 % | -14.29 % |
| OPM % | 46.67 % | 36.48 % | 40 % | + 3.52 % | -6.67 % |
| Other Income | Rs. 0.006 Cr | Rs. 0.022 Cr | Rs. 0.022 Cr | + 0 % | + 266.67 % |
| Interest | Rs. 0.03 Cr | Rs. 0.02 Cr | Rs. 0.05 Cr | + 150 % | + 66.67 % |
| Depreciation | Rs. 0.12 Cr | Rs. 0.09 Cr | Rs. 0.08 Cr | -11.11 % | -33.33 % |
| Profit before tax | Rs. 0.07 Cr | Rs. 0.08 Cr | Rs. 0.07 Cr | -12.5 % | + 0 % |
| Tax % | 22.06 % | 151.19 % | 12.5 % | -138.69 % | -9.56 % |
| Net Profit | Rs. 0.05 Cr | Rs. 0.21 Cr | Rs. 0.08 Cr | -61.9 % | + 60 % |
| EPS in Rs | Rs. 0.1 | Rs. 0.4 | Rs. 0.15 | -62.5 % | + 50 % |
Today, we’re looking at Mahalaxmi Seamless 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 0 %. However, it did see a marginal slip of -3.43 % from the previous quarter. Expenses decreased slightly by -10 % quarter-on-quarter, aligning with the annual rise of 12.5 %. Operating profit, while down -14.29 % compared to last year, faced a quarter-on-quarter increase of 5.88 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -6.67 %, but an expansion of 3.52 % sequentially. Other income rose by 0 % compared to the last quarter, despite an annual growth of 266.67 %. Interest expenses surged remarkably by 150 % from the previous quarter, yet the year-over-year increase remains at a moderate 66.67 %. Depreciation costs fell by -11.11 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -33.33 %. Profit before tax grew annually by 0 % but saw a reduction from the preceding quarter by -12.5 %.
Tax expenses as a percentage of profits decreased slightly by -9.56 % compared to last year, with a more notable quarter-on-quarter decrease of -138.69 %. Net profit rose by 60 % year-on-year but witnessed a -61.9 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 50 % but a quarterly fall of -62.5 %. In summary, Mahalaxmi Seamless 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. 0.45 Cr | Rs. 0.466 Cr | Rs. 0.45 Cr | -3.43 % | + 0 % |
| Expenses | Rs. 0.24 Cr | Rs. 0.3 Cr | Rs. 0.27 Cr | -10 % | + 12.5 % |
| Operating Profit | Rs. 0.21 Cr | Rs. 0.17 Cr | Rs. 0.18 Cr | + 5.88 % | -14.29 % |
| Net Profit | Rs. 0.05 Cr | Rs. 0.21 Cr | Rs. 0.08 Cr | -61.9 % | + 60 % |
| EPS in Rs | Rs. 0.1 | Rs. 0.4 | Rs. 0.15 | -62.5 % | + 50 % |
In reviewing Mahalaxmi Seamless Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 0 % year-on-year growth, although there was a slight dip of -3.43 % from the previous quarter. Expenses rose by 12.5 % compared to the previous year, with a decrease of -10 % quarter-on-quarter. Operating Profit dropped by -14.29 % annually, and saw a 5.88 % increase from the last quarter.
Net Profit showed yearly increase of 60 %, and experienced a -61.9 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 50 % annually, however dipped by -62.5 % compared to the last quarter. In essence, while Mahalaxmi Seamless 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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