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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: substantial increase in net sales/revenue by 7822.5 %.
- 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 5.6 %. Marginal increase in other income during this quarter, up by 0.76%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Mihika Industries Ltd.. Profit dropped by -563.83 % Year to Year, Mihika Industries Ltd.’s profitability increased by 215.94 % in this quarter.
- EPS over the Year and quarter: EPS declined by -588.89 % Year to Year. EPS increased by 214.29 % 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 Cr | Rs. 0.08 Cr | Rs. 6.338 Cr | + 7822.5 % | 0 % |
| Expenses | Rs. 0.34 Cr | Rs. 0.16 Cr | Rs. 6.01 Cr | + 3656.25 % | + 1667.65 % |
| Operating Profit | Rs. -0.34 Cr | Rs. -0.08 Cr | Rs. 0.33 Cr | + 512.5 % | + 197.06 % |
| OPM % | 0 % | -100 % | 5.21 % | + 105.21 % | + 5.21 % |
| Other Income | Rs. 0.25 Cr | Rs. 0.262 Cr | Rs. 0.264 Cr | + 0.76 % | + 5.6 % |
| 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. -0.09 Cr | Rs. 0.18 Cr | Rs. 0.59 Cr | + 227.78 % | + 755.56 % |
| Tax % | -0 % | 26.2 % | 25.98 % | -0.22 % | + 25.98 % |
| Net Profit | Rs. -0.09 Cr | Rs. 0.14 Cr | Rs. 0.44 Cr | + 214.29 % | + 588.89 % |
| EPS in Rs | Rs. -0.09 | Rs. 0.14 | Rs. 0.44 | + 214.29 % | + 588.89 % |
Today, we’re looking at Mihika Industries Ltd.’s financial performance for the Q2(Sep 2024-25).However, it did see a marginal increase of 7822.5 % from the previous quarter. Expenses ticked up slightly by 3656.25 % quarter-on-quarter, aligning with the annual rise of 1667.65 %. Operating profit, while up 197.06 % compared to last year, faced a quarter-on-quarter increase of 512.5 %, 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 5.21 %, but an expansion of 105.21 % sequentially. Other income rose by 0.76 % compared to the last quarter, despite an annual growth of 5.6 %. Profit before tax grew annually by 755.56 % but saw an increase from the preceding quarter by 227.78 %.
Tax expenses as a percentage of profits increased slightly by 25.98 % compared to last year, with a more notable quarter-on-quarter decrease of -0.22 %. Net profit rose by 588.89 % year-on-year but experienced a 214.29 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 588.89 % but a quarterly rise of 214.29 %. 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. 0.08 Cr | Rs. 6.338 Cr | + 7822.5 % | 0 % |
| Expenses | Rs. 0.34 Cr | Rs. 0.16 Cr | Rs. 6.01 Cr | + 3656.25 % | + 1667.65 % |
| Operating Profit | Rs. -0.34 Cr | Rs. -0.08 Cr | Rs. 0.33 Cr | + 512.5 % | + 197.06 % |
| Net Profit | Rs. -0.09 Cr | Rs. 0.14 Cr | Rs. 0.44 Cr | + 214.29 % | + 588.89 % |
| EPS in Rs | Rs. -0.09 | Rs. 0.14 | Rs. 0.44 | + 214.29 % | + 588.89 % |
In reviewing Mihika Industries Ltd.’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.however, there was a minor increase of 7822.5 % from the previous quarter. Expenses rose by 1667.65 % compared to the previous year, with a 3656.25 % increase quarter-on-quarter. Operating Profit surged by 197.06 % annually, and saw a 512.5 % increase from the last quarter.
Net Profit showed yearly increase of 588.89 %, and experienced a 214.29 % increase from the previous quarter. Earnings Per Share (EPS) rose by 588.89 % annually, however rose by 214.29 % 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.
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