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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 -2.87 % over the year, decrease in net sales/revenue by -21.29 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 114.71 %. Marginal decrease of -39.92% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Medi-Caps Ltd.,. Profit dropped by -50.04 % Year to Year, Medi-Caps Ltd.,’s profitability dropped by -48.33 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -49.44 % Year to Year. EPS decreased by -47.67 % 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. 6.377 Cr | Rs. 7.869 Cr | Rs. 6.194 Cr | -21.29 % | -2.87 % |
| Expenses | Rs. 7.11 Cr | Rs. 8.37 Cr | Rs. 6.47 Cr | -22.7 % | -9 % |
| Operating Profit | Rs. -0.73 Cr | Rs. -0.5 Cr | Rs. -0.28 Cr | + 44 % | + 61.64 % |
| OPM % | -11.45 % | -6.35 % | -4.52 % | + 1.83 % | + 6.93 % |
| Other Income | Rs. 0.068 Cr | Rs. 0.243 Cr | Rs. 0.146 Cr | -39.92 % | + 114.71 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.45 Cr | Rs. 0.33 Cr | Rs. 0.43 Cr | + 30.3 % | -4.44 % |
| Profit before tax | Rs. -1.11 Cr | Rs. -0.59 Cr | Rs. -0.56 Cr | + 5.08 % | + 49.55 % |
| Tax % | -0 % | -83.02 % | -0 % | + 83.02 % | 0 % |
| Net Profit | Rs. -1.12 Cr | Rs. -1.08 Cr | Rs. -0.56 Cr | + 48.15 % | + 50 % |
| EPS in Rs | Rs. -0.89 | Rs. -0.86 | Rs. -0.45 | + 47.67 % | + 49.44 % |
Today, we’re looking at Medi-Caps 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 -2.87 %. However, it did see a marginal slip of -21.29 % from the previous quarter. Expenses decreased slightly by -22.7 % quarter-on-quarter, aligning with the annual decline of -9 %. Operating profit, while up 61.64 % compared to last year, faced a quarter-on-quarter increase of 44 %, 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 6.93 %, but an expansion of 1.83 % sequentially. Other income fell by -39.92 % compared to the last quarter, despite an annual growth of 114.71 %. Depreciation costs climbed by 30.3 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -4.44 %. Profit before tax grew annually by 49.55 % but saw an increase from the preceding quarter by 5.08 %.
with a more notable quarter-on-quarter increase of 83.02 %. Net profit rose by 50 % year-on-year but experienced a 48.15 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 49.44 % but a quarterly rise of 47.67 %. In summary, Medi-Caps 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. 6.377 Cr | Rs. 7.869 Cr | Rs. 6.194 Cr | -21.29 % | -2.87 % |
| Expenses | Rs. 7.11 Cr | Rs. 8.37 Cr | Rs. 6.47 Cr | -22.7 % | -9 % |
| Operating Profit | Rs. -0.73 Cr | Rs. -0.5 Cr | Rs. -0.28 Cr | + 44 % | + 61.64 % |
| Net Profit | Rs. -1.12 Cr | Rs. -1.08 Cr | Rs. -0.56 Cr | + 48.15 % | + 50 % |
| EPS in Rs | Rs. -0.89 | Rs. -0.86 | Rs. -0.45 | + 47.67 % | + 49.44 % |
In reviewing Medi-Caps Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -2.87 % year-on-year, although there was a slight dip of -21.29 % from the previous quarter. Expenses decreased by -9 % compared to the previous year, with a decrease of -22.7 % quarter-on-quarter. Operating Profit surged by 61.64 % annually, and saw a 44 % increase from the last quarter.
Net Profit showed yearly increase of 50 %, and experienced a 48.15 % increase from the previous quarter. Earnings Per Share (EPS) rose by 49.44 % annually, however rose by 47.67 % compared to the last quarter. In essence, while Medi-Caps 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.
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