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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’s sales declined by -22.67 % over the year, substantial increase in net sales/revenue by 4.37 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -16.39 %, Marginal decrease of -20.29% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Marathon Nextgen Realty Ltd. Profit dropped by -12.25 % Year to Year, Marathon Nextgen Realty Ltd’s profitability dropped by -6.55 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -20.75 % Year to Year. EPS decreased by -7.2 % 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. 209.757 Cr | Rs. 155.419 Cr | Rs. 162.212 Cr | + 4.37 % | -22.67 % |
Expenses | Rs. 148.66 Cr | Rs. 108.26 Cr | Rs. 109.28 Cr | + 0.94 % | -26.49 % |
Operating Profit | Rs. 61.1 Cr | Rs. 47.16 Cr | Rs. 52.93 Cr | + 12.23 % | -13.37 % |
OPM % | 29.13 % | 30.34 % | 32.63 % | + 2.29 % | + 3.5 % |
Other Income | Rs. 19.022 Cr | Rs. 19.953 Cr | Rs. 15.904 Cr | -20.29 % | -16.39 % |
Interest | Rs. 24.99 Cr | Rs. 13.78 Cr | Rs. 18.95 Cr | + 37.52 % | -24.17 % |
Depreciation | Rs. 0.76 Cr | Rs. 0.67 Cr | Rs. 0.75 Cr | + 11.94 % | -1.32 % |
Profit before tax | Rs. 54.37 Cr | Rs. 52.66 Cr | Rs. 49.13 Cr | -6.7 % | -9.64 % |
Tax % | 25.03 % | 27.97 % | 25.72 % | -2.25 % | + 0.69 % |
Net Profit | Rs. 43.08 Cr | Rs. 40.45 Cr | Rs. 37.8 Cr | -6.55 % | -12.26 % |
EPS in Rs | Rs. 8.62 | Rs. 7.77 | Rs. 7.21 | -7.21 % | -16.36 % |
Today, we’re looking at Marathon Nextgen Realty Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -22.67 %. However, it did see a marginal increase of 4.37 % from the previous quarter. Expenses ticked up slightly by 0.94 % quarter-on-quarter, aligning with the annual decline of -26.49 %. Operating profit, while down -13.37 % compared to last year, faced a quarter-on-quarter increase of 12.23 %, 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 3.5 %, but an expansion of 2.29 % sequentially. Other income fell by -20.29 % compared to the last quarter, despite an annual decline of -16.39 %. Interest expenses surged remarkably by 37.52 % from the previous quarter, yet the year-over-year decrease remains at a moderate -24.17 %. Depreciation costs climbed by 11.94 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -1.32 %. Profit before tax declined annually by -9.64 % but saw a reduction from the preceding quarter by -6.7 %.
Tax expenses as a percentage of profits increased slightly by 0.69 % compared to last year, with a more notable quarter-on-quarter decrease of -2.25 %. Net profit fell by -12.26 % year-on-year but witnessed a -6.55 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -16.36 % but a quarterly fall of -7.21 %. In summary, Marathon Nextgen Realty 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. 209.757 Cr | Rs. 155.419 Cr | Rs. 162.212 Cr | + 4.37 % | -22.67 % |
Expenses | Rs. 148.66 Cr | Rs. 108.26 Cr | Rs. 109.28 Cr | + 0.94 % | -26.49 % |
Operating Profit | Rs. 61.1 Cr | Rs. 47.16 Cr | Rs. 52.93 Cr | + 12.23 % | -13.37 % |
Net Profit | Rs. 43.08 Cr | Rs. 40.45 Cr | Rs. 37.8 Cr | -6.55 % | -12.26 % |
EPS in Rs | Rs. 8.62 | Rs. 7.77 | Rs. 7.21 | -7.21 % | -16.36 % |
In reviewing Marathon Nextgen Realty Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -22.67 % year-on-year, however, there was a minor increase of 4.37 % from the previous quarter. Expenses decreased by -26.49 % compared to the previous year, with a 0.94 % increase quarter-on-quarter. Operating Profit dropped by -13.37 % annually, and saw a 12.23 % increase from the last quarter.
Net Profit showed yearly decrease of -12.26 %, and experienced a -6.55 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -16.36 % annually, however dipped by -7.21 % compared to the last quarter. In essence, while Marathon Nextgen Realty Ltd faces strong annual decline 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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