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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 52.67 % in the past year, decrease in net sales/revenue by -7.65 %.
- 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 461.17 %. Marginal increase in other income during this quarter, up by 40.1%.
- Profit over the Year and quarter: Significant improvement in profitability for Man Industries (India) Limited. Notable increase of 69.94 % in net profit Year to Year, Man Industries (India) Limited’s profitability dropped by -21.05 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 54.74 % Year to Year. EPS decreased by -26.5 % 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. 490.42 Cr | Rs. 810.68 Cr | Rs. 748.7 Cr | -7.65 % | + 52.67 % |
| Expenses | Rs. 443.57 Cr | Rs. 752.31 Cr | Rs. 710.93 Cr | -5.5 % | + 60.27 % |
| Operating Profit | Rs. 46.85 Cr | Rs. 58.37 Cr | Rs. 37.77 Cr | -35.29 % | -19.38 % |
| OPM % | 9.55 % | 7.2 % | 5.04 % | -2.16 % | -4.51 % |
| Other Income | Rs. 3.58 Cr | Rs. 14.34 Cr | Rs. 20.09 Cr | + 40.1 % | + 461.17 % |
| Interest | Rs. 20.84 Cr | Rs. 24.8 Cr | Rs. 17.65 Cr | -28.83 % | -15.31 % |
| Depreciation | Rs. 15.2 Cr | Rs. 15.47 Cr | Rs. 12.71 Cr | -17.84 % | -16.38 % |
| Profit before tax | Rs. 14.39 Cr | Rs. 32.44 Cr | Rs. 27.5 Cr | -15.23 % | + 91.1 % |
| Tax % | 22.1 % | 25.62 % | 30.73 % | + 5.11 % | + 8.63 % |
| Net Profit | Rs. 11.21 Cr | Rs. 24.13 Cr | Rs. 19.05 Cr | -21.05 % | + 69.94 % |
| EPS in Rs | Rs. 1.9 | Rs. 3.84 | Rs. 2.83 | -26.3 % | + 48.95 % |
Today, we’re looking at Man Industries (India) Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 52.67 %. However, it did see a marginal slip of -7.65 % from the previous quarter. Expenses decreased slightly by -5.5 % quarter-on-quarter, aligning with the annual rise of 60.27 %. Operating profit, while down -19.38 % compared to last year, faced a quarter-on-quarter dip of -35.29 %, 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 -4.51 %, but a shrinkage of -2.16 % sequentially. Other income rose by 40.1 % compared to the last quarter, despite an annual growth of 461.17 %. Interest expenses dropped significantly by -28.83 % from the previous quarter, yet the year-over-year decrease remains at a moderate -15.31 %. Depreciation costs fell by -17.84 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -16.38 %. Profit before tax grew annually by 91.1 % but saw a reduction from the preceding quarter by -15.23 %.
Tax expenses as a percentage of profits increased slightly by 8.63 % compared to last year, with a more notable quarter-on-quarter increase of 5.11 %. Net profit rose by 69.94 % year-on-year but witnessed a -21.05 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 48.95 % but a quarterly fall of -26.3 %. In summary, Man Industries (India) 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. 490.42 Cr | Rs. 810.68 Cr | Rs. 748.7 Cr | -7.65 % | + 52.67 % |
| Expenses | Rs. 443.57 Cr | Rs. 752.31 Cr | Rs. 710.93 Cr | -5.5 % | + 60.27 % |
| Operating Profit | Rs. 46.85 Cr | Rs. 58.37 Cr | Rs. 37.77 Cr | -35.29 % | -19.38 % |
| Net Profit | Rs. 11.21 Cr | Rs. 24.13 Cr | Rs. 19.05 Cr | -21.05 % | + 69.94 % |
| EPS in Rs | Rs. 1.9 | Rs. 3.84 | Rs. 2.83 | -26.3 % | + 48.95 % |
In reviewing Man Industries (India) Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 52.67 % year-on-year growth, although there was a slight dip of -7.65 % from the previous quarter. Expenses rose by 60.27 % compared to the previous year, with a decrease of -5.5 % quarter-on-quarter. Operating Profit dropped by -19.38 % annually, and saw a -35.29 % decrease from the last quarter.
Net Profit showed yearly increase of 69.94 %, and experienced a -21.05 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 48.95 % annually, however dipped by -26.3 % compared to the last quarter. In essence, while Man Industries (India) 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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