Mangalore Chemicals & Fertilizers : Q1 2024 Financial Quarterly Report : YoY Sales Down 15.03 %, QoQ Up 3.52 %

The comprehensive analytics outlining the performance and outlook of Mangalore Chemicals & Fertilizers Limited”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.

Today, we’re looking at Mangalore Chemicals & Fertilizers 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 -15.03 %. However, it did see a marginal increase of 3.52 % from the previous quarter. Expenses decreased slightly by -5.57 % quarter-on-quarter, aligning with the annual decline of -15.85 %. Operating profit, while down -9.1 % compared to last year, faced a quarter-on-quarter increase of 191.4 %, 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 0.85 %, but an expansion of 8.38 % sequentially. Other income fell by -49.54 % compared to the last quarter, despite an annual decline of -12.11 %. Interest expenses surged remarkably by 8.47 % from the previous quarter, yet the year-over-year decrease remains at a moderate -16.88 %. Depreciation costs climbed by 2.37 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 10.52 %. Profit before tax declined annually by -10.72 % but saw an increase from the preceding quarter by 833.52 %.
Tax expenses as a percentage of profits increased slightly by 0.13 % compared to last year, with a more notable quarter-on-quarter increase of 1.94 %. Net profit fell by -10.91 % year-on-year but experienced a 807.23 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -11.06 % but a quarterly rise of 802.44 %. In summary, Mangalore Chemicals & Fertilizers Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Mangalore Chemicals & Fertilizers Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -15.03 % year-on-year, however, there was a minor increase of 3.52 % from the previous quarter. Expenses decreased by -15.85 % compared to the previous year, with a decrease of -5.57 % quarter-on-quarter. Operating Profit dropped by -9.1 % annually, and saw a 191.4 % increase from the last quarter.
Net Profit showed yearly decrease of -10.91 %, and experienced a 807.23 % increase from the previous quarter. Earnings Per Share (EPS) fell by -11.06 % annually, however rose by 802.44 % compared to the last quarter. In essence, while Mangalore Chemicals & Fertilizers 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.