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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 1.68 % in the past year, decrease in net sales/revenue by -21.07 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -99.47 %, Marginal decrease of -99.35% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Milkfood Ltd.,. Profit dropped by -142.75 % Year to Year, Milkfood Ltd.,’s profitability dropped by -84.79 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -136.30 % Year to Year. EPS decreased by -86.87 % 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. 94.46 Cr | Rs. 121.69 Cr | Rs. 96.05 Cr | -21.07 % | + 1.68 % |
Expenses | Rs. 94.82 Cr | Rs. 114.11 Cr | Rs. 90.16 Cr | -20.99 % | -4.91 % |
Operating Profit | Rs. -0.36 Cr | Rs. 7.58 Cr | Rs. 5.89 Cr | -22.3 % | + 1736.11 % |
OPM % | -0.38 % | 6.23 % | 6.13 % | -0.1 % | + 6.51 % |
Other Income | Rs. 3.74 Cr | Rs. 3.06 Cr | Rs. 0.02 Cr | -99.35 % | -99.47 % |
Interest | Rs. 3.47 Cr | Rs. 3.36 Cr | Rs. 3.22 Cr | -4.17 % | -7.2 % |
Depreciation | Rs. 1.72 Cr | Rs. 1.59 Cr | Rs. 1.67 Cr | + 5.03 % | -2.91 % |
Profit before tax | Rs. -1.81 Cr | Rs. 5.69 Cr | Rs. 1.02 Cr | -82.07 % | + 156.35 % |
Tax % | -23.76 % | 31.81 % | 42.16 % | + 10.35 % | + 65.92 % |
Net Profit | Rs. -1.38 Cr | Rs. 3.88 Cr | Rs. 0.59 Cr | -84.79 % | + 142.75 % |
EPS in Rs | Rs. -2.68 | Rs. 7.77 | Rs. 1.02 | -86.87 % | + 138.06 % |
Today, we’re looking at Milkfood Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 1.68 %. However, it did see a marginal slip of -21.07 % from the previous quarter. Expenses decreased slightly by -20.99 % quarter-on-quarter, aligning with the annual decline of -4.91 %. Operating profit, while up 1736.11 % compared to last year, faced a quarter-on-quarter dip of -22.3 %, 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 6.51 %, but a shrinkage of -0.1 % sequentially. Other income fell by -99.35 % compared to the last quarter, despite an annual decline of -99.47 %. Interest expenses dropped significantly by -4.17 % from the previous quarter, yet the year-over-year decrease remains at a moderate -7.2 %. Depreciation costs climbed by 5.03 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -2.91 %. Profit before tax grew annually by 156.35 % but saw a reduction from the preceding quarter by -82.07 %.
Tax expenses as a percentage of profits increased slightly by 65.92 % compared to last year, with a more notable quarter-on-quarter increase of 10.35 %. Net profit rose by 142.75 % year-on-year but witnessed a -84.79 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 138.06 % but a quarterly fall of -86.87 %. In summary, Milkfood 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. 94.46 Cr | Rs. 121.69 Cr | Rs. 96.05 Cr | -21.07 % | + 1.68 % |
Expenses | Rs. 94.82 Cr | Rs. 114.11 Cr | Rs. 90.16 Cr | -20.99 % | -4.91 % |
Operating Profit | Rs. -0.36 Cr | Rs. 7.58 Cr | Rs. 5.89 Cr | -22.3 % | + 1736.11 % |
Net Profit | Rs. -1.38 Cr | Rs. 3.88 Cr | Rs. 0.59 Cr | -84.79 % | + 142.75 % |
EPS in Rs | Rs. -2.68 | Rs. 7.77 | Rs. 1.02 | -86.87 % | + 138.06 % |
In reviewing Milkfood Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 1.68 % year-on-year growth, although there was a slight dip of -21.07 % from the previous quarter. Expenses decreased by -4.91 % compared to the previous year, with a decrease of -20.99 % quarter-on-quarter. Operating Profit surged by 1736.11 % annually, and saw a -22.3 % decrease from the last quarter.
Net Profit showed yearly increase of 142.75 %, and experienced a -84.79 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 138.06 % annually, however dipped by -86.87 % compared to the last quarter. In essence, while Milkfood Ltd., exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.