Mishtann Foods : Q1 2024 Financial Quarterly Report : YoY Sales Up 30.18 %, QoQ Up 13.36 %

The comprehensive analytics outlining the performance and outlook of Mishtann Foods Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Mishtann Foods 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 30.18 %. However, it did see a marginal increase of 13.36 % from the previous quarter. Expenses ticked up slightly by 28.72 % quarter-on-quarter, aligning with the annual rise of 40.15 %. Operating profit, while down -0.11 % compared to last year, faced a quarter-on-quarter dip of -24.88 %, 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 -5.76 %, but a shrinkage of -9.67 % sequentially. Other income fell by -80 % compared to the last quarter, Interest expenses dropped significantly by -35.23 % from the previous quarter, yet the year-over-year decrease remains at a moderate -57.14 %. Depreciation costs fell by -17.65 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -17.65 %. Profit before tax grew annually by 1.01 % but saw a reduction from the preceding quarter by -24.83 %.
Tax expenses as a percentage of profits decreased slightly by -2.36 % compared to last year, with a more notable quarter-on-quarter decrease of -0.7 %. Net profit rose by 3.47 % year-on-year but witnessed a -24.29 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -2.9 % but a quarterly fall of -26.37 %. In summary, Mishtann Foods Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Mishtann Foods Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 30.18 % year-on-year growth, however, there was a minor increase of 13.36 % from the previous quarter. Expenses rose by 40.15 % compared to the previous year, with a 28.72 % increase quarter-on-quarter. Operating Profit dropped by -0.11 % annually, and saw a -24.88 % decrease from the last quarter.
Net Profit showed yearly increase of 3.47 %, and experienced a -24.29 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -2.9 % annually, however dipped by -26.37 % compared to the last quarter. In essence, while Mishtann Foods 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.