Highlights
- Sales over the Year and quarter: The company’s sales declined by -26.03 % over the year, substantial increase in net sales/revenue by 33.24 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -80 %, Marginal decrease of -90% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Meyer Apparel Limited. Profit dropped by -48.34 % Year to Year, Meyer Apparel Limited’s profitability dropped by -4.02 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -55.56 % Year to Year. EPS decreased by -20 % 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. 1.994 Cr | Rs. 1.107 Cr | Rs. 1.475 Cr | + 33.24 % | -26.03 % |
| Expenses | Rs. 2.71 Cr | Rs. 1.56 Cr | Rs. 1.84 Cr | + 17.95 % | -32.1 % |
| Operating Profit | Rs. -0.72 Cr | Rs. -0.45 Cr | Rs. -0.37 Cr | + 17.78 % | + 48.61 % |
| OPM % | -36.11 % | -40.65 % | -25.08 % | + 15.57 % | + 11.03 % |
| Other Income | Rs. 0.05 Cr | Rs. 0.1 Cr | Rs. 0.01 Cr | -90 % | -80 % |
| Interest | Rs. 0.02 Cr | Rs. 0.01 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.01 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. -0.7 Cr | Rs. -0.37 Cr | Rs. -0.37 Cr | + 0 % | + 47.14 % |
| Tax % | -0 % | -0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -0.69 Cr | Rs. -0.37 Cr | Rs. -0.36 Cr | + 2.7 % | + 47.83 % |
| EPS in Rs | Rs. -0.09 | Rs. -0.05 | Rs. -0.04 | + 20 % | + 55.56 % |
Today, we’re looking at Meyer Apparel 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 -26.03 %. However, it did see a marginal increase of 33.24 % from the previous quarter. Expenses ticked up slightly by 17.95 % quarter-on-quarter, aligning with the annual decline of -32.1 %. Operating profit, while up 48.61 % compared to last year, faced a quarter-on-quarter increase of 17.78 %, 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 11.03 %, but an expansion of 15.57 % sequentially. Other income fell by -90 % compared to the last quarter, despite an annual decline of -80 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 47.14 % but saw an increase from the preceding quarter by 0 %.
Net profit rose by 47.83 % year-on-year but experienced a 2.7 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 55.56 % but a quarterly rise of 20 %. In summary, Meyer Apparel 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. 1.994 Cr | Rs. 1.107 Cr | Rs. 1.475 Cr | + 33.24 % | -26.03 % |
| Expenses | Rs. 2.71 Cr | Rs. 1.56 Cr | Rs. 1.84 Cr | + 17.95 % | -32.1 % |
| Operating Profit | Rs. -0.72 Cr | Rs. -0.45 Cr | Rs. -0.37 Cr | + 17.78 % | + 48.61 % |
| Net Profit | Rs. -0.69 Cr | Rs. -0.37 Cr | Rs. -0.36 Cr | + 2.7 % | + 47.83 % |
| EPS in Rs | Rs. -0.09 | Rs. -0.05 | Rs. -0.04 | + 20 % | + 55.56 % |
In reviewing Meyer Apparel Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -26.03 % year-on-year, however, there was a minor increase of 33.24 % from the previous quarter. Expenses decreased by -32.1 % compared to the previous year, with a 17.95 % increase quarter-on-quarter. Operating Profit surged by 48.61 % annually, and saw a 17.78 % increase from the last quarter.
Net Profit showed yearly increase of 47.83 %, and experienced a 2.7 % increase from the previous quarter. Earnings Per Share (EPS) rose by 55.56 % annually, however rose by 20 % compared to the last quarter. In essence, while Meyer Apparel Limited 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.
