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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 experienced a substantial growth of 11.46 % in the past year, substantial increase in net sales/revenue by 7.12 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -73.71 %, Marginal decrease of -69.49% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Mahindra Logistics Limited. Profit dropped by -38.44 % Year to Year, Mahindra Logistics Limited’s profitability increased by 22.58 % in this quarter.
- EPS over the Year and quarter: EPS declined by -32.13 % Year to Year. EPS increased by 16.28 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 1364.76 Cr | Rs. 1420.02 Cr | Rs. 1521.1 Cr | + 7.12 % | + 11.46 % |
Expenses | Rs. 1311.34 Cr | Rs. 1353.74 Cr | Rs. 1454.72 Cr | + 7.46 % | + 10.93 % |
Operating Profit | Rs. 53.42 Cr | Rs. 66.28 Cr | Rs. 66.38 Cr | + 0.15 % | + 24.26 % |
OPM % | 3.91 % | 4.67 % | 4.36 % | -0.31 % | + 0.45 % |
Other Income | Rs. 6.58 Cr | Rs. 5.67 Cr | Rs. 1.73 Cr | -69.49 % | -73.71 % |
Interest | Rs. 16.53 Cr | Rs. 19.49 Cr | Rs. 19.12 Cr | -1.9 % | + 15.67 % |
Depreciation | Rs. 51.79 Cr | Rs. 54.96 Cr | Rs. 53.96 Cr | -1.82 % | + 4.19 % |
Profit before tax | Rs. -8.32 Cr | Rs. -2.5 Cr | Rs. -4.97 Cr | -98.8 % | + 40.26 % |
Tax % | -89.23 % | -213.6 % | -93.36 % | + 120.24 % | -4.13 % |
Net Profit | Rs. -15.61 Cr | Rs. -7.84 Cr | Rs. -9.61 Cr | -22.58 % | + 38.44 % |
EPS in Rs | Rs. -2.21 | Rs. -1.29 | Rs. -1.5 | -16.28 % | + 32.13 % |
Today, we’re looking at Mahindra Logistics Limited’s financial performance for the Q2(Sep 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 11.46 %. However, it did see a marginal increase of 7.12 % from the previous quarter. Expenses ticked up slightly by 7.46 % quarter-on-quarter, aligning with the annual rise of 10.93 %. Operating profit, while up 24.26 % compared to last year, faced a quarter-on-quarter increase of 0.15 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.45 %, but a shrinkage of -0.31 % sequentially. Other income fell by -69.49 % compared to the last quarter, despite an annual decline of -73.71 %. Interest expenses dropped significantly by -1.9 % from the previous quarter, yet the year-over-year increase remains at a moderate 15.67 %. Depreciation costs fell by -1.82 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.19 %. Profit before tax grew annually by 40.26 % but saw a reduction from the preceding quarter by -98.8 %.
Tax expenses as a percentage of profits decreased slightly by -4.13 % compared to last year, with a more notable quarter-on-quarter increase of 120.24 %. Net profit rose by 38.44 % year-on-year but witnessed a -22.58 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 32.13 % but a quarterly fall of -16.28 %. In summary, Mahindra Logistics 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. 1364.76 Cr | Rs. 1420.02 Cr | Rs. 1521.1 Cr | + 7.12 % | + 11.46 % |
Expenses | Rs. 1311.34 Cr | Rs. 1353.74 Cr | Rs. 1454.72 Cr | + 7.46 % | + 10.93 % |
Operating Profit | Rs. 53.42 Cr | Rs. 66.28 Cr | Rs. 66.38 Cr | + 0.15 % | + 24.26 % |
Net Profit | Rs. -15.61 Cr | Rs. -7.84 Cr | Rs. -9.61 Cr | -22.58 % | + 38.44 % |
EPS in Rs | Rs. -2.21 | Rs. -1.29 | Rs. -1.5 | -16.28 % | + 32.13 % |
In reviewing Mahindra Logistics Limited’s 2024(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 11.46 % year-on-year growth, however, there was a minor increase of 7.12 % from the previous quarter. Expenses rose by 10.93 % compared to the previous year, with a 7.46 % increase quarter-on-quarter. Operating Profit surged by 24.26 % annually, and saw a 0.15 % increase from the last quarter.
Net Profit showed yearly increase of 38.44 %, and experienced a -22.58 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 32.13 % annually, however dipped by -16.28 % compared to the last quarter. In essence, while Mahindra Logistics 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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