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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 675.78 % in the past year, substantial increase in net sales/revenue by 31.29 %.
- 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 11.69 %. Marginal increase in other income during this quarter, up by 4.88%.
- Profit over the Year and quarter: Significant improvement in profitability for Mic Electronics Limited. Notable increase of 1940.74 % in net profit Year to Year, Mic Electronics Limited’s profitability increased by 1729.89 % in this quarter.
- EPS over the Year and quarter: EPS increased by 1,936.36 % Year to Year. EPS increased by 1766.67 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 2.96 Cr | Rs. 17.49 Cr | Rs. 22.963 Cr | + 31.29 % | + 675.78 % |
| Expenses | Rs. 0.68 Cr | Rs. 14.89 Cr | Rs. 17.55 Cr | + 17.86 % | + 2480.88 % |
| Operating Profit | Rs. 2.28 Cr | Rs. 2.6 Cr | Rs. 5.41 Cr | + 108.08 % | + 137.28 % |
| OPM % | 77.03 % | 14.87 % | 23.56 % | + 8.69 % | -53.47 % |
| Other Income | Rs. 0.77 Cr | Rs. 0.82 Cr | Rs. 0.86 Cr | + 4.88 % | + 11.69 % |
| Interest | Rs. 0.11 Cr | Rs. 0.36 Cr | Rs. 0.42 Cr | + 16.67 % | + 281.82 % |
| Depreciation | Rs. 0.51 Cr | Rs. 0.35 Cr | Rs. 0.37 Cr | + 5.71 % | -27.45 % |
| Profit before tax | Rs. 2.43 Cr | Rs. 2.71 Cr | Rs. 5.48 Cr | + 102.21 % | + 125.51 % |
| Tax % | 0 % | 0 % | 804.1 % | + 804.1 % | + 804.1 % |
| Net Profit | Rs. 2.43 Cr | Rs. 2.71 Cr | Rs. 49.59 Cr | + 1729.89 % | + 1940.74 % |
| EPS in Rs | Rs. 0.11 | Rs. 0.12 | Rs. 2.24 | + 1766.67 % | + 1936.36 % |
Today, we’re looking at Mic Electronics Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 675.78 %. However, it did see a marginal increase of 31.29 % from the previous quarter. Expenses ticked up slightly by 17.86 % quarter-on-quarter, aligning with the annual rise of 2480.88 %. Operating profit, while up 137.28 % compared to last year, faced a quarter-on-quarter increase of 108.08 %, 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 -53.47 %, but an expansion of 8.69 % sequentially. Other income rose by 4.88 % compared to the last quarter, despite an annual growth of 11.69 %. Interest expenses surged remarkably by 16.67 % from the previous quarter, yet the year-over-year increase remains at a moderate 281.82 %. Depreciation costs climbed by 5.71 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -27.45 %. Profit before tax grew annually by 125.51 % but saw an increase from the preceding quarter by 102.21 %.
Tax expenses as a percentage of profits increased slightly by 804.1 % compared to last year, with a more notable quarter-on-quarter increase of 804.1 %. Net profit rose by 1940.74 % year-on-year but experienced a 1729.89 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 1936.36 % but a quarterly rise of 1766.67 %. In summary, Mic Electronics 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. 2.96 Cr | Rs. 17.49 Cr | Rs. 22.963 Cr | + 31.29 % | + 675.78 % |
| Expenses | Rs. 0.68 Cr | Rs. 14.89 Cr | Rs. 17.55 Cr | + 17.86 % | + 2480.88 % |
| Operating Profit | Rs. 2.28 Cr | Rs. 2.6 Cr | Rs. 5.41 Cr | + 108.08 % | + 137.28 % |
| Net Profit | Rs. 2.43 Cr | Rs. 2.71 Cr | Rs. 49.59 Cr | + 1729.89 % | + 1940.74 % |
| EPS in Rs | Rs. 0.11 | Rs. 0.12 | Rs. 2.24 | + 1766.67 % | + 1936.36 % |
In reviewing Mic Electronics Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 675.78 % year-on-year growth, however, there was a minor increase of 31.29 % from the previous quarter. Expenses rose by 2480.88 % compared to the previous year, with a 17.86 % increase quarter-on-quarter. Operating Profit surged by 137.28 % annually, and saw a 108.08 % increase from the last quarter.
Net Profit showed yearly increase of 1940.74 %, and experienced a 1729.89 % increase from the previous quarter. Earnings Per Share (EPS) rose by 1936.36 % annually, however rose by 1766.67 % compared to the last quarter. In essence, while Mic Electronics 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.
