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Highlights
- Sales over the Year and quarter: The company’s sales declined by -14.91 % over the year, decrease in net sales/revenue by -36.34 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -44.44 %, Marginal decrease of -96.17% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Mahindra EPC Irrigation Limited. Notable increase of 224.69 % in net profit Year to Year, Mahindra EPC Irrigation Limited’s profitability dropped by -276.51 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 224.14 % Year to Year. EPS decreased by -277.36 % 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. 53.25 Cr | Rs. 71.17 Cr | Rs. 45.31 Cr | -36.34 % | -14.91 % |
Expenses | Rs. 53.14 Cr | Rs. 70.05 Cr | Rs. 47.68 Cr | -31.93 % | -10.27 % |
Operating Profit | Rs. 0.11 Cr | Rs. 1.12 Cr | Rs. -2.37 Cr | -311.61 % | -2254.55 % |
OPM % | 0.21 % | 1.57 % | -5.23 % | -6.8 % | -5.44 % |
Other Income | Rs. 0.18 Cr | Rs. 2.61 Cr | Rs. 0.1 Cr | -96.17 % | -44.44 % |
Interest | Rs. 0.57 Cr | Rs. 0.75 Cr | Rs. 0.47 Cr | -37.33 % | -17.54 % |
Depreciation | Rs. 0.78 Cr | Rs. 0.81 Cr | Rs. 0.8 Cr | -1.23 % | + 2.56 % |
Profit before tax | Rs. -1.06 Cr | Rs. 2.17 Cr | Rs. -3.54 Cr | -263.13 % | -233.96 % |
Tax % | -33.61 % | 29.05 % | -25.71 % | -54.76 % | + 7.9 % |
Net Profit | Rs. -0.81 Cr | Rs. 1.49 Cr | Rs. -2.63 Cr | -276.51 % | -224.69 % |
EPS in Rs | Rs. -0.29 | Rs. 0.53 | Rs. -0.94 | -277.36 % | -224.14 % |
Today, we’re looking at Mahindra EPC Irrigation 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 -14.91 %. However, it did see a marginal slip of -36.34 % from the previous quarter. Expenses decreased slightly by -31.93 % quarter-on-quarter, aligning with the annual decline of -10.27 %. Operating profit, while down -2254.55 % compared to last year, faced a quarter-on-quarter dip of -311.61 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -5.44 %, but a shrinkage of -6.8 % sequentially. Other income fell by -96.17 % compared to the last quarter, despite an annual decline of -44.44 %. Interest expenses dropped significantly by -37.33 % from the previous quarter, yet the year-over-year decrease remains at a moderate -17.54 %. Depreciation costs fell by -1.23 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2.56 %. Profit before tax declined annually by -233.96 % but saw a reduction from the preceding quarter by -263.13 %.
Tax expenses as a percentage of profits increased slightly by 7.9 % compared to last year, with a more notable quarter-on-quarter decrease of -54.76 %. Net profit fell by -224.69 % year-on-year but witnessed a -276.51 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -224.14 % but a quarterly fall of -277.36 %. In summary, Mahindra EPC Irrigation 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. 53.25 Cr | Rs. 71.17 Cr | Rs. 45.31 Cr | -36.34 % | -14.91 % |
Expenses | Rs. 53.14 Cr | Rs. 70.05 Cr | Rs. 47.68 Cr | -31.93 % | -10.27 % |
Operating Profit | Rs. 0.11 Cr | Rs. 1.12 Cr | Rs. -2.37 Cr | -311.61 % | -2254.55 % |
Net Profit | Rs. -0.81 Cr | Rs. 1.49 Cr | Rs. -2.63 Cr | -276.51 % | -224.69 % |
EPS in Rs | Rs. -0.29 | Rs. 0.53 | Rs. -0.94 | -277.36 % | -224.14 % |
In reviewing Mahindra EPC Irrigation Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -14.91 % year-on-year, although there was a slight dip of -36.34 % from the previous quarter. Expenses decreased by -10.27 % compared to the previous year, with a decrease of -31.93 % quarter-on-quarter. Operating Profit dropped by -2254.55 % annually, and saw a -311.61 % decrease from the last quarter.
Net Profit showed yearly decrease of -224.69 %, and experienced a -276.51 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -224.14 % annually, however dipped by -277.36 % compared to the last quarter. In essence, while Mahindra EPC Irrigation Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.