Highlights
- Sales over the Year and quarter: The company’s sales declined by -65.56 % over the year, decrease in net sales/revenue by -63.67 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -94.32 %, Marginal decrease of -37.5% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Miven Machine Tools Ltd.. Profit dropped by -89.84 % Year to Year, Miven Machine Tools Ltd.’s profitability dropped by -252.61 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -89.89 % Year to Year. EPS decreased by -252.81 % 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. 0.633 Cr | Rs. 0.6 Cr | Rs. 0.218 Cr | -63.67 % | -65.56 % |
Expenses | Rs. 1.02 Cr | Rs. 1.22 Cr | Rs. 0.65 Cr | -46.72 % | -36.27 % |
Operating Profit | Rs. -0.39 Cr | Rs. -0.62 Cr | Rs. -0.43 Cr | + 30.65 % | -10.26 % |
OPM % | -61.61 % | -103.33 % | -197.25 % | -93.92 % | -135.64 % |
Other Income | Rs. 0.88 Cr | Rs. 0.08 Cr | Rs. 0.05 Cr | -37.5 % | -94.32 % |
Interest | Rs. 0.06 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Depreciation | Rs. 0.01 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Profit before tax | Rs. 0.42 Cr | Rs. -0.54 Cr | Rs. -0.38 Cr | + 29.63 % | -190.48 % |
Tax % | 0 % | -0 % | 0 % | 0 % | 0 % |
Net Profit | Rs. 8.05 Cr | Rs. -0.54 Cr | Rs. 0.82 Cr | + 251.85 % | -89.81 % |
EPS in Rs | Rs. 26.9 | Rs. -1.78 | Rs. 2.72 | + 252.81 % | -89.89 % |
Today, we’re looking at Miven Machine Tools Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -65.56 %. However, it did see a marginal slip of -63.67 % from the previous quarter. Expenses decreased slightly by -46.72 % quarter-on-quarter, aligning with the annual decline of -36.27 %. Operating profit, while down -10.26 % compared to last year, faced a quarter-on-quarter increase of 30.65 %, 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 -135.64 %, but a shrinkage of -93.92 % sequentially. Other income fell by -37.5 % compared to the last quarter, despite an annual decline of -94.32 %. Profit before tax declined annually by -190.48 % but saw an increase from the preceding quarter by 29.63 %.
Net profit fell by -89.81 % year-on-year but experienced a 251.85 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -89.89 % but a quarterly rise of 252.81 %. In summary, Miven Machine Tools 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. 0.633 Cr | Rs. 0.6 Cr | Rs. 0.218 Cr | -63.67 % | -65.56 % |
Expenses | Rs. 1.02 Cr | Rs. 1.22 Cr | Rs. 0.65 Cr | -46.72 % | -36.27 % |
Operating Profit | Rs. -0.39 Cr | Rs. -0.62 Cr | Rs. -0.43 Cr | + 30.65 % | -10.26 % |
Net Profit | Rs. 8.05 Cr | Rs. -0.54 Cr | Rs. 0.82 Cr | + 251.85 % | -89.81 % |
EPS in Rs | Rs. 26.9 | Rs. -1.78 | Rs. 2.72 | + 252.81 % | -89.89 % |
In reviewing Miven Machine Tools Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -65.56 % year-on-year, although there was a slight dip of -63.67 % from the previous quarter. Expenses decreased by -36.27 % compared to the previous year, with a decrease of -46.72 % quarter-on-quarter. Operating Profit dropped by -10.26 % annually, and saw a 30.65 % increase from the last quarter.
Net Profit showed yearly decrease of -89.81 %, and experienced a 251.85 % increase from the previous quarter. Earnings Per Share (EPS) fell by -89.89 % annually, however rose by 252.81 % compared to the last quarter. In essence, while Miven Machine Tools 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.