Share the post "Mitshi India ‘s Q1 Report: Revenue Falls by 81.8% YoY"
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 -81.8 % over the year, decrease in net sales/revenue by -66.13 %.
- Profit over the Year and quarter: Challenges in sustaining profitability for Mitshi India Limited. Profit dropped by -111.05 % Year to Year, Mitshi India Limited’s profitability dropped by -95.63 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -89.74 % Year to Year. EPS decreased by -104.12 % 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. 5.543 Cr | Rs. 2.979 Cr | Rs. 1.009 Cr | -66.13 % | -81.8 % |
| Expenses | Rs. 5.08 Cr | Rs. 4.16 Cr | Rs. 1.05 Cr | -74.76 % | -79.33 % |
| Operating Profit | Rs. 0.46 Cr | Rs. -1.18 Cr | Rs. -0.04 Cr | + 96.61 % | -108.7 % |
| OPM % | 8.3 % | -39.61 % | -3.96 % | + 35.65 % | -12.26 % |
| Other Income | Rs. 0.001 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. 0.46 Cr | Rs. -1.18 Cr | Rs. -0.04 Cr | + 96.61 % | -108.7 % |
| Tax % | 25.86 % | -26.36 % | -0 % | + 26.36 % | -25.86 % |
| Net Profit | Rs. 0.34 Cr | Rs. -0.87 Cr | Rs. -0.04 Cr | + 95.4 % | -111.76 % |
| EPS in Rs | Rs. 0.39 | Rs. -0.97 | Rs. -0.04 | + 95.88 % | -110.26 % |
Today, we’re looking at Mitshi India 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 -81.8 %. However, it did see a marginal slip of -66.13 % from the previous quarter. Expenses decreased slightly by -74.76 % quarter-on-quarter, aligning with the annual decline of -79.33 %. Operating profit, while down -108.7 % compared to last year, faced a quarter-on-quarter increase of 96.61 %, 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 -12.26 %, but an expansion of 35.65 % sequentially. Profit before tax declined annually by -108.7 % but saw an increase from the preceding quarter by 96.61 %.
Tax expenses as a percentage of profits decreased slightly by -25.86 % compared to last year, with a more notable quarter-on-quarter increase of 26.36 %. Net profit fell by -111.76 % year-on-year but experienced a 95.4 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -110.26 % but a quarterly rise of 95.88 %. In summary, Mitshi India 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. 5.543 Cr | Rs. 2.979 Cr | Rs. 1.009 Cr | -66.13 % | -81.8 % |
| Expenses | Rs. 5.08 Cr | Rs. 4.16 Cr | Rs. 1.05 Cr | -74.76 % | -79.33 % |
| Operating Profit | Rs. 0.46 Cr | Rs. -1.18 Cr | Rs. -0.04 Cr | + 96.61 % | -108.7 % |
| Net Profit | Rs. 0.34 Cr | Rs. -0.87 Cr | Rs. -0.04 Cr | + 95.4 % | -111.76 % |
| EPS in Rs | Rs. 0.39 | Rs. -0.97 | Rs. -0.04 | + 95.88 % | -110.26 % |
In reviewing Mitshi India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -81.8 % year-on-year, although there was a slight dip of -66.13 % from the previous quarter. Expenses decreased by -79.33 % compared to the previous year, with a decrease of -74.76 % quarter-on-quarter. Operating Profit dropped by -108.7 % annually, and saw a 96.61 % increase from the last quarter.
Net Profit showed yearly decrease of -111.76 %, and experienced a 95.4 % increase from the previous quarter. Earnings Per Share (EPS) fell by -110.26 % annually, however rose by 95.88 % compared to the last quarter. In essence, while Mitshi India Limited 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.
[my_shortcode1]
