Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 7.13 % in the past year, substantial increase in net sales/revenue by 13.75 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -45.78 %, Marginal increase in other income during this quarter, up by 114.29%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Manaksia Aluminium Company Limited. Profit dropped by -54.62 % Year to Year, Manaksia Aluminium Company Limited’s profitability increased by 27.52 % in this quarter.
- EPS over the Year and quarter: EPS declined by -54.72 % Year to Year. EPS increased by 26.32 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 109.877 Cr | Rs. 103.482 Cr | Rs. 117.709 Cr | + 13.75 % | + 7.13 % |
| Expenses | Rs. 103.13 Cr | Rs. 94.27 Cr | Rs. 108.73 Cr | + 15.34 % | + 5.43 % |
| Operating Profit | Rs. 6.75 Cr | Rs. 9.21 Cr | Rs. 8.98 Cr | -2.5 % | + 33.04 % |
| OPM % | 6.14 % | 8.9 % | 7.63 % | -1.27 % | + 1.49 % |
| Other Income | Rs. 0.83 Cr | Rs. 0.21 Cr | Rs. 0.45 Cr | + 114.29 % | -45.78 % |
| Interest | Rs. 4.11 Cr | Rs. 5.81 Cr | Rs. 5.57 Cr | -4.13 % | + 35.52 % |
| Depreciation | Rs. 1.86 Cr | Rs. 1.98 Cr | Rs. 1.98 Cr | + 0 % | + 6.45 % |
| Profit before tax | Rs. 1.61 Cr | Rs. 1.63 Cr | Rs. 1.88 Cr | + 15.34 % | + 16.77 % |
| Tax % | 3.91 % | 24.28 % | 16.57 % | -7.71 % | + 12.66 % |
| Net Profit | Rs. 3.46 Cr | Rs. 1.23 Cr | Rs. 1.57 Cr | + 27.64 % | -54.62 % |
| EPS in Rs | Rs. 0.53 | Rs. 0.19 | Rs. 0.24 | + 26.32 % | -54.72 % |
Today, we’re looking at Manaksia Aluminium Company Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 7.13 %. However, it did see a marginal increase of 13.75 % from the previous quarter. Expenses ticked up slightly by 15.34 % quarter-on-quarter, aligning with the annual rise of 5.43 %. Operating profit, while up 33.04 % compared to last year, faced a quarter-on-quarter dip of -2.5 %, 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 1.49 %, but a shrinkage of -1.27 % sequentially. Other income rose by 114.29 % compared to the last quarter, despite an annual decline of -45.78 %. Interest expenses dropped significantly by -4.13 % from the previous quarter, yet the year-over-year increase remains at a moderate 35.52 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 6.45 %. Profit before tax grew annually by 16.77 % but saw an increase from the preceding quarter by 15.34 %.
Tax expenses as a percentage of profits increased slightly by 12.66 % compared to last year, with a more notable quarter-on-quarter decrease of -7.71 %. Net profit fell by -54.62 % year-on-year but experienced a 27.64 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -54.72 % but a quarterly rise of 26.32 %. In summary, Manaksia Aluminium Company 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. 109.877 Cr | Rs. 103.482 Cr | Rs. 117.709 Cr | + 13.75 % | + 7.13 % |
| Expenses | Rs. 103.13 Cr | Rs. 94.27 Cr | Rs. 108.73 Cr | + 15.34 % | + 5.43 % |
| Operating Profit | Rs. 6.75 Cr | Rs. 9.21 Cr | Rs. 8.98 Cr | -2.5 % | + 33.04 % |
| Net Profit | Rs. 3.46 Cr | Rs. 1.23 Cr | Rs. 1.57 Cr | + 27.64 % | -54.62 % |
| EPS in Rs | Rs. 0.53 | Rs. 0.19 | Rs. 0.24 | + 26.32 % | -54.72 % |
In reviewing Manaksia Aluminium Company Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7.13 % year-on-year growth, however, there was a minor increase of 13.75 % from the previous quarter. Expenses rose by 5.43 % compared to the previous year, with a 15.34 % increase quarter-on-quarter. Operating Profit surged by 33.04 % annually, and saw a -2.5 % decrease from the last quarter.
Net Profit showed yearly decrease of -54.62 %, and experienced a 27.64 % increase from the previous quarter. Earnings Per Share (EPS) fell by -54.72 % annually, however rose by 26.32 % compared to the last quarter. In essence, while Manaksia Aluminium Company 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.
