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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: The company’s sales declined by -12.93 % over the year, decrease in net sales/revenue by -59.69 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -3.02 %, Marginal decrease of -4.43% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Mishra Dhatu Nigam Limited. Profit dropped by -72.44 % Year to Year, Mishra Dhatu Nigam Limited’s profitability dropped by -88.98 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -72.73 % Year to Year. EPS decreased by -89.11 % 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. 187.718 Cr | Rs. 405.496 Cr | Rs. 163.453 Cr | -59.69 % | -12.93 % |
| Expenses | Rs. 146.17 Cr | Rs. 325.09 Cr | Rs. 140.15 Cr | -56.89 % | -4.12 % |
| Operating Profit | Rs. 41.55 Cr | Rs. 80.41 Cr | Rs. 23.3 Cr | -71.02 % | -43.92 % |
| OPM % | 22.13 % | 19.83 % | 14.25 % | -5.58 % | -7.88 % |
| Other Income | Rs. 8.015 Cr | Rs. 8.133 Cr | Rs. 7.773 Cr | -4.43 % | -3.02 % |
| Interest | Rs. 8.64 Cr | Rs. 8.41 Cr | Rs. 6.85 Cr | -18.55 % | -20.72 % |
| Depreciation | Rs. 14.19 Cr | Rs. 15.46 Cr | Rs. 15.27 Cr | -1.23 % | + 7.61 % |
| Profit before tax | Rs. 26.74 Cr | Rs. 64.67 Cr | Rs. 8.95 Cr | -86.16 % | -66.53 % |
| Tax % | 30.63 % | 28.29 % | 42.96 % | + 14.67 % | + 12.33 % |
| Net Profit | Rs. 18.54 Cr | Rs. 46.38 Cr | Rs. 5.11 Cr | -88.98 % | -72.44 % |
| EPS in Rs | Rs. 0.99 | Rs. 2.48 | Rs. 0.27 | -89.11 % | -72.73 % |
Today, we’re looking at Mishra Dhatu Nigam Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -12.93 %. However, it did see a marginal slip of -59.69 % from the previous quarter. Expenses decreased slightly by -56.89 % quarter-on-quarter, aligning with the annual decline of -4.12 %. Operating profit, while down -43.92 % compared to last year, faced a quarter-on-quarter dip of -71.02 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -7.88 %, but a shrinkage of -5.58 % sequentially. Other income fell by -4.43 % compared to the last quarter, despite an annual decline of -3.02 %. Interest expenses dropped significantly by -18.55 % from the previous quarter, yet the year-over-year decrease remains at a moderate -20.72 %. Depreciation costs fell by -1.23 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 7.61 %. Profit before tax declined annually by -66.53 % but saw a reduction from the preceding quarter by -86.16 %.
Tax expenses as a percentage of profits increased slightly by 12.33 % compared to last year, with a more notable quarter-on-quarter increase of 14.67 %. Net profit fell by -72.44 % year-on-year but witnessed a -88.98 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -72.73 % but a quarterly fall of -89.11 %. In summary, Mishra Dhatu Nigam 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. 187.718 Cr | Rs. 405.496 Cr | Rs. 163.453 Cr | -59.69 % | -12.93 % |
| Expenses | Rs. 146.17 Cr | Rs. 325.09 Cr | Rs. 140.15 Cr | -56.89 % | -4.12 % |
| Operating Profit | Rs. 41.55 Cr | Rs. 80.41 Cr | Rs. 23.3 Cr | -71.02 % | -43.92 % |
| Net Profit | Rs. 18.54 Cr | Rs. 46.38 Cr | Rs. 5.11 Cr | -88.98 % | -72.44 % |
| EPS in Rs | Rs. 0.99 | Rs. 2.48 | Rs. 0.27 | -89.11 % | -72.73 % |
In reviewing Mishra Dhatu Nigam Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -12.93 % year-on-year, although there was a slight dip of -59.69 % from the previous quarter. Expenses decreased by -4.12 % compared to the previous year, with a decrease of -56.89 % quarter-on-quarter. Operating Profit dropped by -43.92 % annually, and saw a -71.02 % decrease from the last quarter.
Net Profit showed yearly decrease of -72.44 %, and experienced a -88.98 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -72.73 % annually, however dipped by -89.11 % compared to the last quarter. In essence, while Mishra Dhatu Nigam Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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