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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 10.97 % in the past year, decrease in net sales/revenue by -1.86 %.
- 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 428.5 %. Marginal decrease of -6.85% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Minda Corporation Limited. Notable increase of 42 % in net profit Year to Year, Minda Corporation Limited’s profitability dropped by -9.26 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 42.19 % Year to Year. EPS decreased by -9.3 % 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. 1074.51 Cr | Rs. 1214.98 Cr | Rs. 1192.39 Cr | -1.86 % | + 10.97 % |
| Expenses | Rs. 961.22 Cr | Rs. 1076.42 Cr | Rs. 1060.61 Cr | -1.47 % | + 10.34 % |
| Operating Profit | Rs. 113.29 Cr | Rs. 138.56 Cr | Rs. 131.78 Cr | -4.89 % | + 16.32 % |
| OPM % | 10.54 % | 11.4 % | 11.05 % | -0.35 % | + 0.51 % |
| Other Income | Rs. 1.93 Cr | Rs. 10.95 Cr | Rs. 10.2 Cr | -6.85 % | + 428.5 % |
| Interest | Rs. 14.13 Cr | Rs. 12.48 Cr | Rs. 9.76 Cr | -21.79 % | -30.93 % |
| Depreciation | Rs. 39.03 Cr | Rs. 43.63 Cr | Rs. 45.92 Cr | + 5.25 % | + 17.65 % |
| Profit before tax | Rs. 62.06 Cr | Rs. 93.4 Cr | Rs. 86.3 Cr | -7.6 % | + 39.06 % |
| Tax % | 26.56 % | 24.55 % | 26.17 % | + 1.62 % | -0.39 % |
| Net Profit | Rs. 45.21 Cr | Rs. 70.75 Cr | Rs. 64.2 Cr | -9.26 % | + 42 % |
| EPS in Rs | Rs. 1.89 | Rs. 2.96 | Rs. 2.69 | -9.12 % | + 42.33 % |
Today, we’re looking at Minda Corporation 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 10.97 %. However, it did see a marginal slip of -1.86 % from the previous quarter. Expenses decreased slightly by -1.47 % quarter-on-quarter, aligning with the annual rise of 10.34 %. Operating profit, while up 16.32 % compared to last year, faced a quarter-on-quarter dip of -4.89 %, 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 0.51 %, but a shrinkage of -0.35 % sequentially. Other income fell by -6.85 % compared to the last quarter, despite an annual growth of 428.5 %. Interest expenses dropped significantly by -21.79 % from the previous quarter, yet the year-over-year decrease remains at a moderate -30.93 %. Depreciation costs climbed by 5.25 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 17.65 %. Profit before tax grew annually by 39.06 % but saw a reduction from the preceding quarter by -7.6 %.
Tax expenses as a percentage of profits decreased slightly by -0.39 % compared to last year, with a more notable quarter-on-quarter increase of 1.62 %. Net profit rose by 42 % year-on-year but witnessed a -9.26 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 42.33 % but a quarterly fall of -9.12 %. In summary, Minda Corporation 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. 1074.51 Cr | Rs. 1214.98 Cr | Rs. 1192.39 Cr | -1.86 % | + 10.97 % |
| Expenses | Rs. 961.22 Cr | Rs. 1076.42 Cr | Rs. 1060.61 Cr | -1.47 % | + 10.34 % |
| Operating Profit | Rs. 113.29 Cr | Rs. 138.56 Cr | Rs. 131.78 Cr | -4.89 % | + 16.32 % |
| Net Profit | Rs. 45.21 Cr | Rs. 70.75 Cr | Rs. 64.2 Cr | -9.26 % | + 42 % |
| EPS in Rs | Rs. 1.89 | Rs. 2.96 | Rs. 2.69 | -9.12 % | + 42.33 % |
In reviewing Minda Corporation Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 10.97 % year-on-year growth, although there was a slight dip of -1.86 % from the previous quarter. Expenses rose by 10.34 % compared to the previous year, with a decrease of -1.47 % quarter-on-quarter. Operating Profit surged by 16.32 % annually, and saw a -4.89 % decrease from the last quarter.
Net Profit showed yearly increase of 42 %, and experienced a -9.26 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 42.33 % annually, however dipped by -9.12 % compared to the last quarter. In essence, while Minda Corporation Limited 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.
