Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 100.9 % in the past year, substantial increase in net sales/revenue by 44.03 %.
- Income over the Year and quarter:
- Profit over the Year and quarter: Challenges in sustaining profitability for Mayur Floorings Ltd.. Profit dropped by -414.29 % Year to Year, Mayur Floorings Ltd.’s profitability increased by 46.67 % in this quarter.
- EPS over the Year and quarter: EPS declined by -2,600.00 % Year to Year. EPS increased by 1566.67 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.666 Cr | Rs. 0.929 Cr | Rs. 1.338 Cr | + 44.03 % | + 100.9 % |
| Expenses | Rs. 0.61 Cr | Rs. 0.83 Cr | Rs. 1.22 Cr | + 46.99 % | + 100 % |
| Operating Profit | Rs. 0.06 Cr | Rs. 0.1 Cr | Rs. 0.12 Cr | + 20 % | + 100 % |
| OPM % | 9.01 % | 10.76 % | 8.97 % | -1.79 % | -0.04 % |
| Other Income | Rs. -0 Cr | Rs. 0.01 Cr | Rs. -0 Cr | 0 % | 0 % |
| Interest | Rs. 0.02 Cr | Rs. 0.05 Cr | Rs. 0.05 Cr | + 0 % | + 150 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.03 Cr | Rs. 0.04 Cr | + 33.33 % | + 300 % |
| Profit before tax | Rs. 0.03 Cr | Rs. 0.03 Cr | Rs. 0.03 Cr | + 0 % | + 0 % |
| Tax % | 125.93 % | 21.05 % | 15.38 % | -5.67 % | -110.55 % |
| Net Profit | Rs. -0.01 Cr | Rs. 0.02 Cr | Rs. 0.02 Cr | + 0 % | + 300 % |
| EPS in Rs | Rs. -0.02 | Rs. 0.03 | Rs. 0.5 | + 1566.67 % | + 2600 % |
Today, we’re looking at Mayur Floorings Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 100.9 %. However, it did see a marginal increase of 44.03 % from the previous quarter. Expenses ticked up slightly by 46.99 % quarter-on-quarter, aligning with the annual rise of 100 %. Operating profit, while up 100 % compared to last year, faced a quarter-on-quarter increase of 20 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.04 %, but a shrinkage of -1.79 % sequentially. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 150 %. Depreciation costs climbed by 33.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 300 %. Profit before tax grew annually by 0 % but saw an increase from the preceding quarter by 0 %.
Tax expenses as a percentage of profits decreased slightly by -110.55 % compared to last year, with a more notable quarter-on-quarter decrease of -5.67 %. Net profit rose by 300 % year-on-year but experienced a 0 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 2600 % but a quarterly rise of 1566.67 %. 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. 0.666 Cr | Rs. 0.929 Cr | Rs. 1.338 Cr | + 44.03 % | + 100.9 % |
| Expenses | Rs. 0.61 Cr | Rs. 0.83 Cr | Rs. 1.22 Cr | + 46.99 % | + 100 % |
| Operating Profit | Rs. 0.06 Cr | Rs. 0.1 Cr | Rs. 0.12 Cr | + 20 % | + 100 % |
| Net Profit | Rs. -0.01 Cr | Rs. 0.02 Cr | Rs. 0.02 Cr | + 0 % | + 300 % |
| EPS in Rs | Rs. -0.02 | Rs. 0.03 | Rs. 0.5 | + 1566.67 % | + 2600 % |
In reviewing Mayur Floorings Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 100.9 % year-on-year growth, however, there was a minor increase of 44.03 % from the previous quarter. Expenses rose by 100 % compared to the previous year, with a 46.99 % increase quarter-on-quarter. Operating Profit surged by 100 % annually, and saw a 20 % increase from the last quarter.
Net Profit showed yearly increase of 300 %, and experienced a 0 % increase from the previous quarter. Earnings Per Share (EPS) rose by 2600 % annually, however rose by 1566.67 % compared to the last quarter. In essence, while Mayur Floorings 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.
