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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 254.59 % in the past year,
- Income over the Year and quarter: There has been decline in other income over the past year which is %, Marginal increase in other income during this quarter, up by 100%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Midwest Gold Ltd. Profit dropped by -83.02 % Year to Year, Midwest Gold Ltd’s profitability increased by 34.62 % in this quarter.
- EPS over the Year and quarter: EPS declined by -83.06 % Year to Year. EPS increased by 34.44 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.207 Cr | Rs. 0 Cr | Rs. 0.734 Cr | 0 % | + 254.59 % |
| Expenses | Rs. 0.54 Cr | Rs. 0.12 Cr | Rs. 1.1 Cr | + 816.67 % | + 103.7 % |
| Operating Profit | Rs. -0.33 Cr | Rs. -0.12 Cr | Rs. -0.37 Cr | -208.33 % | -12.12 % |
| OPM % | -159.42 % | 0 % | -50.41 % | -50.41 % | + 109.01 % |
| Other Income | Rs. -0 Cr | Rs. 0.01 Cr | Rs. 0.02 Cr | + 100 % | 0 % |
| Interest | Rs. 0.27 Cr | Rs. 0.35 Cr | Rs. 0.3 Cr | -14.29 % | + 11.11 % |
| Depreciation | Rs. 0.02 Cr | Rs. 0.02 Cr | Rs. 0.02 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. -0.62 Cr | Rs. -0.48 Cr | Rs. -0.67 Cr | -39.58 % | -8.06 % |
| Tax % | -533.66 % | -0 % | -0 % | 0 % | + 533.66 % |
| Net Profit | Rs. -3.92 Cr | Rs. -0.49 Cr | Rs. -0.67 Cr | -36.73 % | + 82.91 % |
| EPS in Rs | Rs. -11.98 | Rs. -1.51 | Rs. -2.03 | -34.44 % | + 83.06 % |
Today, we’re looking at Midwest Gold Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 254.59 %. Expenses ticked up slightly by 816.67 % quarter-on-quarter, aligning with the annual rise of 103.7 %. Operating profit, while down -12.12 % compared to last year, faced a quarter-on-quarter dip of -208.33 %, 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 109.01 %, but a shrinkage of -50.41 % sequentially. Other income rose by 100 % compared to the last quarter, Interest expenses dropped significantly by -14.29 % from the previous quarter, yet the year-over-year increase remains at a moderate 11.11 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -8.06 % but saw a reduction from the preceding quarter by -39.58 %.
Tax expenses as a percentage of profits increased slightly by 533.66 % compared to last year, Net profit rose by 82.91 % year-on-year but witnessed a -36.73 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 83.06 % but a quarterly fall of -34.44 %. In summary, Midwest Gold 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. 0.207 Cr | Rs. 0 Cr | Rs. 0.734 Cr | 0 % | + 254.59 % |
| Expenses | Rs. 0.54 Cr | Rs. 0.12 Cr | Rs. 1.1 Cr | + 816.67 % | + 103.7 % |
| Operating Profit | Rs. -0.33 Cr | Rs. -0.12 Cr | Rs. -0.37 Cr | -208.33 % | -12.12 % |
| Net Profit | Rs. -3.92 Cr | Rs. -0.49 Cr | Rs. -0.67 Cr | -36.73 % | + 82.91 % |
| EPS in Rs | Rs. -11.98 | Rs. -1.51 | Rs. -2.03 | -34.44 % | + 83.06 % |
In reviewing Midwest Gold Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 254.59 % year-on-year growth, Expenses rose by 103.7 % compared to the previous year, with a 816.67 % increase quarter-on-quarter. Operating Profit dropped by -12.12 % annually, and saw a -208.33 % decrease from the last quarter.
Net Profit showed yearly increase of 82.91 %, and experienced a -36.73 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 83.06 % annually, however dipped by -34.44 % compared to the last quarter. In essence, while Midwest Gold Ltd 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.
