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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -4.16 % over the year, substantial increase in net sales/revenue by 6.78 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -87.73 %, Marginal decrease of -97.57% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Mahamaya Steel Industries Limited. Profit dropped by -47.25 % Year to Year, Mahamaya Steel Industries Limited’s profitability dropped by -38.8 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -47.52 % Year to Year. EPS decreased by -39.08 % 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. 220.199 Cr | Rs. 197.621 Cr | Rs. 211.028 Cr | + 6.78 % | -4.16 % |
| Expenses | Rs. 215.77 Cr | Rs. 194.29 Cr | Rs. 207.01 Cr | + 6.55 % | -4.06 % |
| Operating Profit | Rs. 4.43 Cr | Rs. 3.33 Cr | Rs. 4.02 Cr | + 20.72 % | -9.26 % |
| OPM % | 2.01 % | 1.69 % | 1.9 % | + 0.21 % | -0.11 % |
| Other Income | Rs. 0.22 Cr | Rs. 1.109 Cr | Rs. 0.027 Cr | -97.57 % | -87.73 % |
| Interest | Rs. 1.42 Cr | Rs. 1.27 Cr | Rs. 1.08 Cr | -14.96 % | -23.94 % |
| Depreciation | Rs. 1.73 Cr | Rs. 1.74 Cr | Rs. 1.89 Cr | + 8.62 % | + 9.25 % |
| Profit before tax | Rs. 1.5 Cr | Rs. 1.43 Cr | Rs. 1.08 Cr | -24.48 % | -28 % |
| Tax % | 28.85 % | 32.73 % | 29.18 % | -3.55 % | + 0.33 % |
| Net Profit | Rs. 1.66 Cr | Rs. 1.43 Cr | Rs. 0.87 Cr | -39.16 % | -47.59 % |
| EPS in Rs | Rs. 1.01 | Rs. 0.87 | Rs. 0.53 | -39.08 % | -47.52 % |
Today, we’re looking at Mahamaya Steel Industries 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 -4.16 %. However, it did see a marginal increase of 6.78 % from the previous quarter. Expenses ticked up slightly by 6.55 % quarter-on-quarter, aligning with the annual decline of -4.06 %. Operating profit, while down -9.26 % compared to last year, faced a quarter-on-quarter increase of 20.72 %, 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 -0.11 %, but an expansion of 0.21 % sequentially. Other income fell by -97.57 % compared to the last quarter, despite an annual decline of -87.73 %. Interest expenses dropped significantly by -14.96 % from the previous quarter, yet the year-over-year decrease remains at a moderate -23.94 %. Depreciation costs climbed by 8.62 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 9.25 %. Profit before tax declined annually by -28 % but saw a reduction from the preceding quarter by -24.48 %.
Tax expenses as a percentage of profits increased slightly by 0.33 % compared to last year, with a more notable quarter-on-quarter decrease of -3.55 %. Net profit fell by -47.59 % year-on-year but witnessed a -39.16 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -47.52 % but a quarterly fall of -39.08 %. In summary, Mahamaya Steel Industries 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. 220.199 Cr | Rs. 197.621 Cr | Rs. 211.028 Cr | + 6.78 % | -4.16 % |
| Expenses | Rs. 215.77 Cr | Rs. 194.29 Cr | Rs. 207.01 Cr | + 6.55 % | -4.06 % |
| Operating Profit | Rs. 4.43 Cr | Rs. 3.33 Cr | Rs. 4.02 Cr | + 20.72 % | -9.26 % |
| Net Profit | Rs. 1.66 Cr | Rs. 1.43 Cr | Rs. 0.87 Cr | -39.16 % | -47.59 % |
| EPS in Rs | Rs. 1.01 | Rs. 0.87 | Rs. 0.53 | -39.08 % | -47.52 % |
In reviewing Mahamaya Steel Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -4.16 % year-on-year, however, there was a minor increase of 6.78 % from the previous quarter. Expenses decreased by -4.06 % compared to the previous year, with a 6.55 % increase quarter-on-quarter. Operating Profit dropped by -9.26 % annually, and saw a 20.72 % increase from the last quarter.
Net Profit showed yearly decrease of -47.59 %, and experienced a -39.16 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -47.52 % annually, however dipped by -39.08 % compared to the last quarter. In essence, while Mahamaya Steel Industries Limited faces strong annual decline 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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