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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 112.52 % in the past year, decrease in net sales/revenue by -1.58 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -89.8 %, Marginal increase in other income during this quarter, up by 106.99%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Minal Industries Limited. Profit dropped by -124.94 % Year to Year, Minal Industries Limited’s profitability dropped by -118.45 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -125.00 % Year to Year. EPS decreased by -118.18 % 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. 5.792 Cr | Rs. 12.507 Cr | Rs. 12.309 Cr | -1.58 % | + 112.52 % |
| Expenses | Rs. 8.48 Cr | Rs. 12.07 Cr | Rs. 11.62 Cr | -3.73 % | + 37.03 % |
| Operating Profit | Rs. -2.69 Cr | Rs. 0.44 Cr | Rs. 0.69 Cr | + 56.82 % | + 125.65 % |
| OPM % | -46.44 % | 3.52 % | 5.61 % | + 2.09 % | + 52.05 % |
| Other Income | Rs. 1.451 Cr | Rs. -2.117 Cr | Rs. 0.148 Cr | + 106.99 % | -89.8 % |
| Interest | Rs. 0.26 Cr | Rs. 0.03 Cr | Rs. 0.03 Cr | + 0 % | -88.46 % |
| Depreciation | Rs. 0.07 Cr | Rs. 0.12 Cr | Rs. 0.13 Cr | + 8.33 % | + 85.71 % |
| Profit before tax | Rs. -1.57 Cr | Rs. -1.83 Cr | Rs. 0.68 Cr | + 137.16 % | + 143.31 % |
| Tax % | -0.77 % | -16.92 % | 41.63 % | + 58.55 % | + 42.4 % |
| Net Profit | Rs. -1.58 Cr | Rs. -2.14 Cr | Rs. 0.39 Cr | + 118.22 % | + 124.68 % |
| EPS in Rs | Rs. -0.08 | Rs. -0.11 | Rs. 0.02 | + 118.18 % | + 125 % |
Today, we’re looking at Minal Industries Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 112.52 %. However, it did see a marginal slip of -1.58 % from the previous quarter. Expenses decreased slightly by -3.73 % quarter-on-quarter, aligning with the annual rise of 37.03 %. Operating profit, while up 125.65 % compared to last year, faced a quarter-on-quarter increase of 56.82 %, 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 52.05 %, but an expansion of 2.09 % sequentially. Other income rose by 106.99 % compared to the last quarter, despite an annual decline of -89.8 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year decrease remains at a moderate -88.46 %. Depreciation costs climbed by 8.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 85.71 %. Profit before tax grew annually by 143.31 % but saw an increase from the preceding quarter by 137.16 %.
Tax expenses as a percentage of profits increased slightly by 42.4 % compared to last year, with a more notable quarter-on-quarter increase of 58.55 %. Net profit rose by 124.68 % year-on-year but experienced a 118.22 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 125 % but a quarterly rise of 118.18 %. In summary, Minal Industries 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. 5.792 Cr | Rs. 12.507 Cr | Rs. 12.309 Cr | -1.58 % | + 112.52 % |
| Expenses | Rs. 8.48 Cr | Rs. 12.07 Cr | Rs. 11.62 Cr | -3.73 % | + 37.03 % |
| Operating Profit | Rs. -2.69 Cr | Rs. 0.44 Cr | Rs. 0.69 Cr | + 56.82 % | + 125.65 % |
| Net Profit | Rs. -1.58 Cr | Rs. -2.14 Cr | Rs. 0.39 Cr | + 118.22 % | + 124.68 % |
| EPS in Rs | Rs. -0.08 | Rs. -0.11 | Rs. 0.02 | + 118.18 % | + 125 % |
In reviewing Minal Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 112.52 % year-on-year growth, although there was a slight dip of -1.58 % from the previous quarter. Expenses rose by 37.03 % compared to the previous year, with a decrease of -3.73 % quarter-on-quarter. Operating Profit surged by 125.65 % annually, and saw a 56.82 % increase from the last quarter.
Net Profit showed yearly increase of 124.68 %, and experienced a 118.22 % increase from the previous quarter. Earnings Per Share (EPS) rose by 125 % annually, however rose by 118.18 % compared to the last quarter. In essence, while Minal Industries 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.
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