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Highlights
- Sales over the Year and quarter:
- Income over the Year and quarter:
- Profit over the Year and quarter: Significant improvement in profitability for Mipco Seamless Rings (Gujarat) Ltd.. Notable increase of 460 % in net profit Year to Year, Mipco Seamless Rings (Gujarat) Ltd.’s profitability increased by 12 % in this quarter.
- EPS over the Year and quarter: EPS increased by 300.00 % Year to Year. EPS increased by 14.29 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 502.18 Cr | Rs. 502.62 Cr | Rs. 516.66 Cr | + 2.79 % | + 2.88 % |
Expenses | Rs. 0.01 Cr | Rs. 0.03 Cr | Rs. 0.03 Cr | + 0 % | + 200 % |
Operating Profit | Rs. 502.17 Cr | Rs. 502.59 Cr | Rs. 516.63 Cr | + 2.79 % | + 2.88 % |
OPM % | 100 % | 99.99 % | 99.99 % | + 0 % | -0.01 % |
Other Income | Rs. -0.01 Cr | Rs. -0 Cr | Rs. 0 Cr | 0 % | 0 % |
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. 502.16 Cr | Rs. 502.59 Cr | Rs. 516.63 Cr | + 2.79 % | + 2.88 % |
Tax % | -0 % | -0 % | -0 % | + 0 % | + 0 % |
Net Profit | Rs. -0.01 Cr | Rs. -0.03 Cr | Rs. -0.03 Cr | + 0 % | -200 % |
EPS in Rs | Rs. -0.02 | Rs. -0.07 | Rs. -0.08 | -14.29 % | -300 % |
Today, we’re looking at Mipco Seamless Rings (Gujarat) Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 2.88 %. However, it did see a marginal increase of 2.79 % from the previous quarter. Expenses ticked up slightly by 0 % quarter-on-quarter, aligning with the annual rise of 200 %. Operating profit, while up 2.88 % compared to last year, faced a quarter-on-quarter increase of 2.79 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.01 %, but an expansion of 0 % sequentially. Other income fell by -66.67 % compared to the last quarter, despite an annual decline of -50 %. Interest expenses dropped significantly by -1.32 % from the previous quarter, yet the year-over-year decrease remains at a moderate -32.16 %. Depreciation costs climbed by 0.85 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 42.37 %. Profit before tax grew annually by 2.88 % but saw an increase from the preceding quarter by 2.79 %.
Tax expenses as a percentage of profits increased slightly by 16.67 % compared to last year, with a more notable quarter-on-quarter increase of 2.86 %. Net profit fell by -200 % year-on-year but experienced a 0 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -300 % but a quarterly fall of -14.29 %. In summary, Mipco Seamless Rings (Gujarat) 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. 502.18 Cr | Rs. 502.62 Cr | Rs. 516.66 Cr | + 2.79 % | + 2.88 % |
Expenses | Rs. 0.01 Cr | Rs. 0.03 Cr | Rs. 0.03 Cr | + 0 % | + 200 % |
Operating Profit | Rs. 502.17 Cr | Rs. 502.59 Cr | Rs. 516.63 Cr | + 2.79 % | + 2.88 % |
Net Profit | Rs. -0.01 Cr | Rs. -0.03 Cr | Rs. -0.03 Cr | + 0 % | -200 % |
EPS in Rs | Rs. -0.02 | Rs. -0.07 | Rs. -0.08 | -14.29 % | -300 % |
In reviewing Mipco Seamless Rings (Gujarat) Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 2.88 % year-on-year growth, however, there was a minor increase of 2.79 % from the previous quarter. Expenses rose by 200 % compared to the previous year, with a 0 % increase quarter-on-quarter. Operating Profit surged by 2.88 % annually, and saw a 2.79 % increase from the last quarter.
Net Profit showed yearly decrease of -200 %, and experienced a 0 % increase from the previous quarter. Earnings Per Share (EPS) fell by -300 % annually, however dipped by -14.29 % compared to the last quarter. In essence, while Mipco Seamless Rings (Gujarat) Ltd. faces strong annual decline 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.