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Highlights
- Sales over the Year and quarter:
- 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 111.74 %. Marginal increase in other income during this quarter, up by 92.86%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Mihika Industries Ltd.. Profit dropped by -112.37 % Year to Year, Mihika Industries Ltd.’s profitability dropped by -975.76 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -101.28 % Year to Year. EPS decreased by -200 % 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. 0 Cr | Rs. 0 Cr | Rs. 6.205 Cr | 0 % | 0 % |
| Expenses | Rs. 3.18 Cr | Rs. 0.17 Cr | Rs. 6.18 Cr | + 3535.29 % | + 94.34 % |
| Operating Profit | Rs. -3.18 Cr | Rs. -0.17 Cr | Rs. 0.03 Cr | + 117.65 % | + 100.94 % |
| OPM % | 0 % | 0 % | 0.48 % | + 0.48 % | + 0.48 % |
| Other Income | Rs. -2.3 Cr | Rs. 0.14 Cr | Rs. 0.27 Cr | + 92.86 % | + 111.74 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. -5.48 Cr | Rs. -0.03 Cr | Rs. 0.3 Cr | + 1100 % | + 105.47 % |
| Tax % | -25.69 % | -0 % | 0.7 % | + 0.7 % | + 26.39 % |
| Net Profit | Rs. -2.34 Cr | Rs. -0.03 Cr | Rs. 0.29 Cr | + 1066.67 % | + 112.39 % |
| EPS in Rs | Rs. -2.34 | Rs. -0.03 | Rs. 0.03 | + 200 % | + 101.28 % |
Today, we’re looking at Mihika Industries Ltd.’s financial performance for the Q4(Mar 2024).Expenses ticked up slightly by 3535.29 % quarter-on-quarter, aligning with the annual rise of 94.34 %. Operating profit, while up 100.94 % compared to last year, faced a quarter-on-quarter increase of 117.65 %, 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 0.48 %, but an expansion of 0.48 % sequentially. Other income rose by 92.86 % compared to the last quarter, despite an annual growth of 111.74 %. Profit before tax grew annually by 105.47 % but saw an increase from the preceding quarter by 1100 %.
Tax expenses as a percentage of profits increased slightly by 26.39 % compared to last year, with a more notable quarter-on-quarter increase of 0.7 %. Net profit rose by 112.39 % year-on-year but experienced a 1066.67 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 101.28 % but a quarterly rise of 200 %. In summary, Mihika Industries 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 Cr | Rs. 0 Cr | Rs. 6.205 Cr | 0 % | 0 % |
| Expenses | Rs. 3.18 Cr | Rs. 0.17 Cr | Rs. 6.18 Cr | + 3535.29 % | + 94.34 % |
| Operating Profit | Rs. -3.18 Cr | Rs. -0.17 Cr | Rs. 0.03 Cr | + 117.65 % | + 100.94 % |
| Net Profit | Rs. -2.34 Cr | Rs. -0.03 Cr | Rs. 0.29 Cr | + 1066.67 % | + 112.39 % |
| EPS in Rs | Rs. -2.34 | Rs. -0.03 | Rs. 0.03 | + 200 % | + 101.28 % |
In reviewing Mihika Industries Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 94.34 % compared to the previous year, with a 3535.29 % increase quarter-on-quarter. Operating Profit surged by 100.94 % annually, and saw a 117.65 % increase from the last quarter.
Net Profit showed yearly increase of 112.39 %, and experienced a 1066.67 % increase from the previous quarter. Earnings Per Share (EPS) rose by 101.28 % annually, however rose by 200 % compared to the last quarter. In essence, while Mihika Industries Ltd. 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.
