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Manaksia Coated Metals & Industries : Q4 2024 Quarterly Earnings: YoY Sales Down 2.3 %, QoQ Down 4.35 %

May 13, 2024May 13, 2024| adminadmin| 0 Comments| 9:55 am
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -2.3 % over the year, decrease in net sales/revenue by -4.35 %.
  • 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 93.58 %. Marginal decrease of -35.67% in other income during this quarter.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Manaksia Coated Metals & Industries Ltd. Profit dropped by -34.63 % Year to Year, Manaksia Coated Metals & Industries Ltd’s profitability increased by 25.04 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -36.44 % Year to Year. EPS increased by 20.97 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Manaksia Coated Metals & Industries Ltd”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 186.846 Cr Rs. 190.862 Cr Rs. 182.555 Cr -4.35 % -2.3 %
Expenses Rs. 177.78 Cr Rs. 180.03 Cr Rs. 167.51 Cr -6.95 % -5.78 %
Operating Profit Rs. 9.07 Cr Rs. 10.83 Cr Rs. 15.05 Cr + 38.97 % + 65.93 %
OPM % 4.85 % 5.67 % 8.24 % + 2.57 % + 3.39 %
Other Income Rs. 1.09 Cr Rs. 3.28 Cr Rs. 2.11 Cr -35.67 % + 93.58 %
Interest Rs. 3.42 Cr Rs. 6.37 Cr Rs. 8 Cr + 25.59 % + 133.92 %
Depreciation Rs. 2.27 Cr Rs. 2.31 Cr Rs. 2.3 Cr -0.43 % + 1.32 %
Profit before tax Rs. 4.47 Cr Rs. 5.43 Cr Rs. 6.86 Cr + 26.34 % + 53.47 %
Tax % 15.26 % 25.52 % 26.21 % + 0.69 % + 10.95 %
Net Profit Rs. 7.74 Cr Rs. 4.05 Cr Rs. 5.06 Cr + 24.94 % -34.63 %
EPS in Rs Rs. 1.18 Rs. 0.62 Rs. 0.75 + 20.97 % -36.44 %


Today, we’re looking at Manaksia Coated Metals & Industries Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -2.3 %. However, it did see a marginal slip of -4.35 % from the previous quarter. Expenses decreased slightly by -6.95 % quarter-on-quarter, aligning with the annual decline of -5.78 %. Operating profit, while up 65.93 % compared to last year, faced a quarter-on-quarter increase of 38.97 %, 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 3.39 %, but an expansion of 2.57 % sequentially. Other income fell by -35.67 % compared to the last quarter, despite an annual growth of 93.58 %. Interest expenses surged remarkably by 25.59 % from the previous quarter, yet the year-over-year increase remains at a moderate 133.92 %. Depreciation costs fell by -0.43 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.32 %. Profit before tax grew annually by 53.47 % but saw an increase from the preceding quarter by 26.34 %.
Tax expenses as a percentage of profits increased slightly by 10.95 % compared to last year, with a more notable quarter-on-quarter increase of 0.69 %. Net profit fell by -34.63 % year-on-year but experienced a 24.94 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -36.44 % but a quarterly rise of 20.97 %. In summary, Manaksia Coated Metals & Industries Ltd’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. 186.846 Cr Rs. 190.862 Cr Rs. 182.555 Cr -4.35 % -2.3 %
Expenses Rs. 177.78 Cr Rs. 180.03 Cr Rs. 167.51 Cr -6.95 % -5.78 %
Operating Profit Rs. 9.07 Cr Rs. 10.83 Cr Rs. 15.05 Cr + 38.97 % + 65.93 %
Net Profit Rs. 7.74 Cr Rs. 4.05 Cr Rs. 5.06 Cr + 24.94 % -34.63 %
EPS in Rs Rs. 1.18 Rs. 0.62 Rs. 0.75 + 20.97 % -36.44 %


In reviewing Manaksia Coated Metals & Industries Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -2.3 % year-on-year, although there was a slight dip of -4.35 % from the previous quarter. Expenses decreased by -5.78 % compared to the previous year, with a decrease of -6.95 % quarter-on-quarter. Operating Profit surged by 65.93 % annually, and saw a 38.97 % increase from the last quarter.
Net Profit showed yearly decrease of -34.63 %, and experienced a 24.94 % increase from the previous quarter. Earnings Per Share (EPS) fell by -36.44 % annually, however rose by 20.97 % compared to the last quarter. In essence, while Manaksia Coated Metals & Industries Ltd exhibits strong annual growth 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.

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