Share the post "Mahanagar Gas Limited : .Q4 .2024 .Quarterly Earnings: .YoY Sales Down 26.53 %, QoQ Up .2.77. %"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -26.53 % over the year, substantial increase in net sales/revenue by 2.77 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -38.68 %, Marginal decrease of -8.2% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Mahanagar Gas Limited. Notable increase of 3.01 % in net profit Year to Year, Mahanagar Gas Limited’s profitability dropped by -20.47 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 120.93 % Year to Year. EPS decreased by -20.46 % 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. 2411.21 Cr | Rs. 1723.77 Cr | Rs. 1771.46 Cr | + 2.77 % | -26.53 % |
| Expenses | Rs. 2125.9 Cr | Rs. 1275.08 Cr | Rs. 1376.42 Cr | + 7.95 % | -35.25 % |
| Operating Profit | Rs. 285.31 Cr | Rs. 448.69 Cr | Rs. 395.04 Cr | -11.96 % | + 38.46 % |
| OPM % | 11.83 % | 26.03 % | 22.3 % | -3.73 % | + 10.47 % |
| Other Income | Rs. 71.97 Cr | Rs. 48.07 Cr | Rs. 44.13 Cr | -8.2 % | -38.68 % |
| Interest | Rs. 2.23 Cr | Rs. 2.72 Cr | Rs. 5.6 Cr | + 105.88 % | + 151.12 % |
| Depreciation | Rs. 27.48 Cr | Rs. 68.29 Cr | Rs. 87.75 Cr | + 28.5 % | + 219.32 % |
| Profit before tax | Rs. 327.57 Cr | Rs. 425.75 Cr | Rs. 345.82 Cr | -18.77 % | + 5.57 % |
| Tax % | 25.22 % | 25.5 % | 27.05 % | + 1.55 % | + 1.83 % |
| Net Profit | Rs. 244.89 Cr | Rs. 317.18 Cr | Rs. 252.26 Cr | -20.47 % | + 3.01 % |
| EPS in Rs | Rs. 11.56 | Rs. 32.11 | Rs. 25.54 | -20.46 % | + 120.93 % |
Today, we’re looking at Mahanagar Gas Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -26.53 %. However, it did see a marginal increase of 2.77 % from the previous quarter. Expenses ticked up slightly by 7.95 % quarter-on-quarter, aligning with the annual decline of -35.25 %. Operating profit, while up 38.46 % compared to last year, faced a quarter-on-quarter dip of -11.96 %, 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 10.47 %, but a shrinkage of -3.73 % sequentially. Other income fell by -8.2 % compared to the last quarter, despite an annual decline of -38.68 %. Interest expenses surged remarkably by 105.88 % from the previous quarter, yet the year-over-year increase remains at a moderate 151.12 %. Depreciation costs climbed by 28.5 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 219.32 %. Profit before tax grew annually by 5.57 % but saw a reduction from the preceding quarter by -18.77 %.
Tax expenses as a percentage of profits increased slightly by 1.83 % compared to last year, with a more notable quarter-on-quarter increase of 1.55 %. Net profit rose by 3.01 % year-on-year but witnessed a -20.47 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 120.93 % but a quarterly fall of -20.46 %. In summary, Mahanagar Gas 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. 2411.21 Cr | Rs. 1723.77 Cr | Rs. 1771.46 Cr | + 2.77 % | -26.53 % |
| Expenses | Rs. 2125.9 Cr | Rs. 1275.08 Cr | Rs. 1376.42 Cr | + 7.95 % | -35.25 % |
| Operating Profit | Rs. 285.31 Cr | Rs. 448.69 Cr | Rs. 395.04 Cr | -11.96 % | + 38.46 % |
| Net Profit | Rs. 244.89 Cr | Rs. 317.18 Cr | Rs. 252.26 Cr | -20.47 % | + 3.01 % |
| EPS in Rs | Rs. 11.56 | Rs. 32.11 | Rs. 25.54 | -20.46 % | + 120.93 % |
In reviewing Mahanagar Gas Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -26.53 % year-on-year, however, there was a minor increase of 2.77 % from the previous quarter. Expenses decreased by -35.25 % compared to the previous year, with a 7.95 % increase quarter-on-quarter. Operating Profit surged by 38.46 % annually, and saw a -11.96 % decrease from the last quarter.
Net Profit showed yearly increase of 3.01 %, and experienced a -20.47 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 120.93 % annually, however dipped by -20.46 % compared to the last quarter. In essence, while Mahanagar Gas 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.
