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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 6.99 % in the past year, decrease in net sales/revenue by -19.96 %.
- Profit over the Year and quarter: Significant improvement in profitability for Mayur Floorings Ltd.. Notable increase of 0 % in net profit Year to Year, Mayur Floorings Ltd.’s profitability dropped by -45.45 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 0.00 % Year to Year. EPS decreased by -94 % 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. 1.001 Cr | Rs. 1.338 Cr | Rs. 1.071 Cr | -19.96 % | + 6.99 % |
| Expenses | Rs. 0.94 Cr | Rs. 1.22 Cr | Rs. 0.97 Cr | -20.49 % | + 3.19 % |
| Operating Profit | Rs. 0.06 Cr | Rs. 0.12 Cr | Rs. 0.1 Cr | -16.67 % | + 66.67 % |
| OPM % | 5.99 % | 8.97 % | 9.34 % | + 0.37 % | + 3.35 % |
| Other Income | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Interest | Rs. 0.02 Cr | Rs. 0.05 Cr | Rs. 0.04 Cr | -20 % | + 100 % |
| Depreciation | Rs. 0.02 Cr | Rs. 0.04 Cr | Rs. 0.04 Cr | + 0 % | + 100 % |
| Profit before tax | Rs. 0.02 Cr | Rs. 0.03 Cr | Rs. 0.02 Cr | -33.33 % | + 0 % |
| Tax % | 20 % | 15.38 % | 25 % | + 9.62 % | + 5 % |
| Net Profit | Rs. 0.01 Cr | Rs. 0.02 Cr | Rs. 0.01 Cr | -50 % | + 0 % |
| EPS in Rs | Rs. 0.03 | Rs. 0.5 | Rs. 0.03 | -94 % | + 0 % |
Today, we’re looking at Mayur Floorings Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 6.99 %. However, it did see a marginal slip of -19.96 % from the previous quarter. Expenses decreased slightly by -20.49 % quarter-on-quarter, aligning with the annual rise of 3.19 %. Operating profit, while up 66.67 % compared to last year, faced a quarter-on-quarter dip of -16.67 %, 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 3.35 %, but an expansion of 0.37 % sequentially. Interest expenses dropped significantly by -20 % from the previous quarter, yet the year-over-year increase remains at a moderate 100 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 100 %. Profit before tax grew annually by 0 % but saw a reduction from the preceding quarter by -33.33 %.
Tax expenses as a percentage of profits increased slightly by 5 % compared to last year, with a more notable quarter-on-quarter increase of 9.62 %. Net profit rose by 0 % year-on-year but witnessed a -50 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 0 % but a quarterly fall of -94 %. In summary, Mayur Floorings 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. 1.001 Cr | Rs. 1.338 Cr | Rs. 1.071 Cr | -19.96 % | + 6.99 % |
| Expenses | Rs. 0.94 Cr | Rs. 1.22 Cr | Rs. 0.97 Cr | -20.49 % | + 3.19 % |
| Operating Profit | Rs. 0.06 Cr | Rs. 0.12 Cr | Rs. 0.1 Cr | -16.67 % | + 66.67 % |
| Net Profit | Rs. 0.01 Cr | Rs. 0.02 Cr | Rs. 0.01 Cr | -50 % | + 0 % |
| EPS in Rs | Rs. 0.03 | Rs. 0.5 | Rs. 0.03 | -94 % | + 0 % |
In reviewing Mayur Floorings Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 6.99 % year-on-year growth, although there was a slight dip of -19.96 % from the previous quarter. Expenses rose by 3.19 % compared to the previous year, with a decrease of -20.49 % quarter-on-quarter. Operating Profit surged by 66.67 % annually, and saw a -16.67 % decrease from the last quarter.
Net Profit showed yearly increase of 0 %, and experienced a -50 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 0 % annually, however dipped by -94 % compared to the last quarter. In essence, while Mayur Floorings 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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