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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’s sales declined by -8.98 % over the year, decrease in net sales/revenue by -3.97 %.
- 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 3.45 %. Marginal decrease of -63.5% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Mercury Laboratories Limited. Profit dropped by -65.8 % Year to Year, Mercury Laboratories Limited’s profitability dropped by -82.09 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -65.79 % Year to Year. EPS decreased by -82.1 % 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. 18.322 Cr | Rs. 17.367 Cr | Rs. 16.677 Cr | -3.97 % | -8.98 % |
Expenses | Rs. 16.66 Cr | Rs. 14.71 Cr | Rs. 15.07 Cr | + 2.45 % | -9.54 % |
Operating Profit | Rs. 1.66 Cr | Rs. 2.66 Cr | Rs. 1.61 Cr | -39.47 % | -3.01 % |
OPM % | 9.06 % | 15.32 % | 9.65 % | -5.67 % | + 0.59 % |
Other Income | Rs. 0.145 Cr | Rs. 0.411 Cr | Rs. 0.15 Cr | -63.5 % | + 3.45 % |
Interest | Rs. 0.08 Cr | Rs. 0.1 Cr | Rs. 0.14 Cr | + 40 % | + 75 % |
Depreciation | Rs. 0.68 Cr | Rs. 0.72 Cr | Rs. 0.7 Cr | -2.78 % | + 2.94 % |
Profit before tax | Rs. 1.05 Cr | Rs. 2.25 Cr | Rs. 0.92 Cr | -59.11 % | -12.38 % |
Tax % | 5.3 % | 15.07 % | 62.89 % | + 47.82 % | + 57.59 % |
Net Profit | Rs. 1 Cr | Rs. 1.91 Cr | Rs. 0.34 Cr | -82.2 % | -66 % |
EPS in Rs | Rs. 8.33 | Rs. 15.92 | Rs. 2.85 | -82.1 % | -65.79 % |
Today, we’re looking at Mercury Laboratories Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -8.98 %. However, it did see a marginal slip of -3.97 % from the previous quarter. Expenses ticked up slightly by 2.45 % quarter-on-quarter, aligning with the annual decline of -9.54 %. Operating profit, while down -3.01 % compared to last year, faced a quarter-on-quarter dip of -39.47 %, 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 0.59 %, but a shrinkage of -5.67 % sequentially. Other income fell by -63.5 % compared to the last quarter, despite an annual growth of 3.45 %. Interest expenses surged remarkably by 40 % from the previous quarter, yet the year-over-year increase remains at a moderate 75 %. Depreciation costs fell by -2.78 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2.94 %. Profit before tax declined annually by -12.38 % but saw a reduction from the preceding quarter by -59.11 %.
Tax expenses as a percentage of profits increased slightly by 57.59 % compared to last year, with a more notable quarter-on-quarter increase of 47.82 %. Net profit fell by -66 % year-on-year but witnessed a -82.2 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -65.79 % but a quarterly fall of -82.1 %. In summary, Mercury Laboratories 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. 18.322 Cr | Rs. 17.367 Cr | Rs. 16.677 Cr | -3.97 % | -8.98 % |
Expenses | Rs. 16.66 Cr | Rs. 14.71 Cr | Rs. 15.07 Cr | + 2.45 % | -9.54 % |
Operating Profit | Rs. 1.66 Cr | Rs. 2.66 Cr | Rs. 1.61 Cr | -39.47 % | -3.01 % |
Net Profit | Rs. 1 Cr | Rs. 1.91 Cr | Rs. 0.34 Cr | -82.2 % | -66 % |
EPS in Rs | Rs. 8.33 | Rs. 15.92 | Rs. 2.85 | -82.1 % | -65.79 % |
In reviewing Mercury Laboratories Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -8.98 % year-on-year, although there was a slight dip of -3.97 % from the previous quarter. Expenses decreased by -9.54 % compared to the previous year, with a 2.45 % increase quarter-on-quarter. Operating Profit dropped by -3.01 % annually, and saw a -39.47 % decrease from the last quarter.
Net Profit showed yearly decrease of -66 %, and experienced a -82.2 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -65.79 % annually, however dipped by -82.1 % compared to the last quarter. In essence, while Mercury Laboratories Limited faces strong annual decline 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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