Share the post "Meghmani Organics : Q4 2024 Quarterly Earnings: YoY Sales Down 28.58 %, QoQ Up 16.57. %"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -28.58 % over the year, substantial increase in net sales/revenue by 16.57 %.
- 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 4.07 %. Marginal decrease of -6.96% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Meghmani Organics Limited. Profit dropped by -133.18 % Year to Year, Meghmani Organics Limited’s profitability dropped by -53.01 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -133.33 % Year to Year. EPS decreased by -52.67 % 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. 574.085 Cr | Rs. 351.752 Cr | Rs. 410.034 Cr | + 16.57 % | -28.58 % |
| Expenses | Rs. 496.19 Cr | Rs. 359.55 Cr | Rs. 408.01 Cr | + 13.48 % | -17.77 % |
| Operating Profit | Rs. 77.9 Cr | Rs. -7.8 Cr | Rs. 2.02 Cr | + 125.9 % | -97.41 % |
| OPM % | 13.57 % | -2.22 % | 0.49 % | + 2.71 % | -13.08 % |
| Other Income | Rs. 8.6 Cr | Rs. 9.62 Cr | Rs. 8.95 Cr | -6.96 % | + 4.07 % |
| Interest | Rs. 15.75 Cr | Rs. 26.63 Cr | Rs. 2.49 Cr | -90.65 % | -84.19 % |
| Depreciation | Rs. 22.59 Cr | Rs. 23.13 Cr | Rs. 22.8 Cr | -1.43 % | + 0.93 % |
| Profit before tax | Rs. 48.16 Cr | Rs. -47.94 Cr | Rs. -14.32 Cr | + 70.13 % | -129.73 % |
| Tax % | 19.16 % | -20.26 % | -25.45 % | -5.19 % | -44.61 % |
| Net Profit | Rs. 54.15 Cr | Rs. -38.23 Cr | Rs. -17.96 Cr | + 53.02 % | -133.17 % |
| EPS in Rs | Rs. 2.13 | Rs. -1.5 | Rs. -0.71 | + 52.67 % | -133.33 % |
Today, we’re looking at Meghmani Organics Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -28.58 %. However, it did see a marginal increase of 16.57 % from the previous quarter. Expenses ticked up slightly by 13.48 % quarter-on-quarter, aligning with the annual decline of -17.77 %. Operating profit, while down -97.41 % compared to last year, faced a quarter-on-quarter increase of 125.9 %, 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 -13.08 %, but an expansion of 2.71 % sequentially. Other income fell by -6.96 % compared to the last quarter, despite an annual growth of 4.07 %. Interest expenses dropped significantly by -90.65 % from the previous quarter, yet the year-over-year decrease remains at a moderate -84.19 %. Depreciation costs fell by -1.43 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0.93 %. Profit before tax declined annually by -129.73 % but saw an increase from the preceding quarter by 70.13 %.
Tax expenses as a percentage of profits decreased slightly by -44.61 % compared to last year, with a more notable quarter-on-quarter decrease of -5.19 %. Net profit fell by -133.17 % year-on-year but experienced a 53.02 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -133.33 % but a quarterly rise of 52.67 %. In summary, Meghmani Organics Limited’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. 574.085 Cr | Rs. 351.752 Cr | Rs. 410.034 Cr | + 16.57 % | -28.58 % |
| Expenses | Rs. 496.19 Cr | Rs. 359.55 Cr | Rs. 408.01 Cr | + 13.48 % | -17.77 % |
| Operating Profit | Rs. 77.9 Cr | Rs. -7.8 Cr | Rs. 2.02 Cr | + 125.9 % | -97.41 % |
| Net Profit | Rs. 54.15 Cr | Rs. -38.23 Cr | Rs. -17.96 Cr | + 53.02 % | -133.17 % |
| EPS in Rs | Rs. 2.13 | Rs. -1.5 | Rs. -0.71 | + 52.67 % | -133.33 % |
In reviewing Meghmani Organics Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -28.58 % year-on-year, however, there was a minor increase of 16.57 % from the previous quarter. Expenses decreased by -17.77 % compared to the previous year, with a 13.48 % increase quarter-on-quarter. Operating Profit dropped by -97.41 % annually, and saw a 125.9 % increase from the last quarter.
Net Profit showed yearly decrease of -133.17 %, and experienced a 53.02 % increase from the previous quarter. Earnings Per Share (EPS) fell by -133.33 % annually, however rose by 52.67 % compared to the last quarter. In essence, while Meghmani Organics Limited faces strong annual decline 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.
