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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 5.98 % in the past year, decrease in net sales/revenue by -2.56 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -1.75 %, Marginal increase in other income during this quarter, up by 27.2%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Maris Spinners Ltd.. Profit dropped by -58.25 % Year to Year, Maris Spinners Ltd.’s profitability increased by 58.53 % in this quarter.
- EPS over the Year and quarter: EPS declined by -58.28 % Year to Year. EPS increased by 58.14 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 38.082 Cr | Rs. 41.418 Cr | Rs. 40.358 Cr | -2.56 % | + 5.98 % |
Expenses | Rs. 39.83 Cr | Rs. 39.78 Cr | Rs. 39.7 Cr | -0.2 % | -0.33 % |
Operating Profit | Rs. -1.75 Cr | Rs. 1.64 Cr | Rs. 0.66 Cr | -59.76 % | + 137.71 % |
OPM % | -4.6 % | 3.96 % | 1.64 % | -2.32 % | + 6.24 % |
Other Income | Rs. 1.942 Cr | Rs. 1.5 Cr | Rs. 1.908 Cr | + 27.2 % | -1.75 % |
Interest | Rs. 2.05 Cr | Rs. 2.47 Cr | Rs. 2.46 Cr | -0.4 % | + 20 % |
Depreciation | Rs. 1.79 Cr | Rs. 1.63 Cr | Rs. 1.63 Cr | + 0 % | -8.94 % |
Profit before tax | Rs. -3.65 Cr | Rs. -0.96 Cr | Rs. -1.52 Cr | -58.33 % | + 58.36 % |
Tax % | -29.13 % | -29.06 % | -29.11 % | -0.05 % | + 0.02 % |
Net Profit | Rs. -2.58 Cr | Rs. -0.68 Cr | Rs. -1.08 Cr | -58.82 % | + 58.14 % |
EPS in Rs | Rs. -3.26 | Rs. -0.86 | Rs. -1.36 | -58.14 % | + 58.28 % |
Today, we’re looking at Maris Spinners Ltd.’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 5.98 %. However, it did see a marginal slip of -2.56 % from the previous quarter. Expenses decreased slightly by -0.2 % quarter-on-quarter, aligning with the annual decline of -0.33 %. Operating profit, while up 137.71 % compared to last year, faced a quarter-on-quarter dip of -59.76 %, 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 6.24 %, but a shrinkage of -2.32 % sequentially. Other income rose by 27.2 % compared to the last quarter, despite an annual decline of -1.75 %. Interest expenses dropped significantly by -0.4 % from the previous quarter, yet the year-over-year increase remains at a moderate 20 %. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -8.94 %. Profit before tax grew annually by 58.36 % but saw a reduction from the preceding quarter by -58.33 %.
Tax expenses as a percentage of profits increased slightly by 0.02 % compared to last year, with a more notable quarter-on-quarter decrease of -0.05 %. Net profit rose by 58.14 % year-on-year but witnessed a -58.82 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 58.28 % but a quarterly fall of -58.14 %. In summary, Maris Spinners 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. 38.082 Cr | Rs. 41.418 Cr | Rs. 40.358 Cr | -2.56 % | + 5.98 % |
Expenses | Rs. 39.83 Cr | Rs. 39.78 Cr | Rs. 39.7 Cr | -0.2 % | -0.33 % |
Operating Profit | Rs. -1.75 Cr | Rs. 1.64 Cr | Rs. 0.66 Cr | -59.76 % | + 137.71 % |
Net Profit | Rs. -2.58 Cr | Rs. -0.68 Cr | Rs. -1.08 Cr | -58.82 % | + 58.14 % |
EPS in Rs | Rs. -3.26 | Rs. -0.86 | Rs. -1.36 | -58.14 % | + 58.28 % |
In reviewing Maris Spinners Ltd.’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.98 % year-on-year growth, although there was a slight dip of -2.56 % from the previous quarter. Expenses decreased by -0.33 % compared to the previous year, with a decrease of -0.2 % quarter-on-quarter. Operating Profit surged by 137.71 % annually, and saw a -59.76 % decrease from the last quarter.
Net Profit showed yearly increase of 58.14 %, and experienced a -58.82 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 58.28 % annually, however dipped by -58.14 % compared to the last quarter. In essence, while Maris Spinners Ltd. 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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