Highlights
- Sales over the Year and quarter: The company’s sales declined by -99.91 % over the year, decrease in net sales/revenue by -12.33 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 155.56 %. Marginal increase in other income during this quarter, up by 7.22%.
- Profit over the Year and quarter: Significant improvement in profitability for MMTC Ltd.,. Notable increase of 608.43 % in net profit Year to Year, MMTC Ltd.,’s profitability increased by 25.26 % in this quarter.
- EPS over the Year and quarter: EPS increased by 571.43 % Year to Year. EPS increased by 27.03 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 708.2 Cr | Rs. 0.73 Cr | Rs. 0.64 Cr | -12.33 % | -99.91 % |
Expenses | Rs. 726.01 Cr | Rs. 35.12 Cr | Rs. 33.43 Cr | -4.81 % | -95.4 % |
Operating Profit | Rs. -17.81 Cr | Rs. -34.39 Cr | Rs. -32.79 Cr | + 4.65 % | -84.11 % |
OPM % | -2.51 % | -4710.96 % | -5123.44 % | -412.48 % | -5120.93 % |
Other Income | Rs. 40.03 Cr | Rs. 95.41 Cr | Rs. 102.3 Cr | + 7.22 % | + 155.56 % |
Interest | Rs. 6.82 Cr | Rs. 0.99 Cr | Rs. 0.15 Cr | -84.85 % | -97.8 % |
Depreciation | Rs. 1.4 Cr | Rs. 0.98 Cr | Rs. 1.35 Cr | + 37.76 % | -3.57 % |
Profit before tax | Rs. 14 Cr | Rs. 59.05 Cr | Rs. 68.01 Cr | + 15.17 % | + 385.79 % |
Tax % | 27.36 % | 12.76 % | 2.58 % | -10.18 % | -24.78 % |
Net Profit | Rs. 9.85 Cr | Rs. 55.71 Cr | Rs. 69.78 Cr | + 25.26 % | + 608.43 % |
EPS in Rs | Rs. 0.07 | Rs. 0.37 | Rs. 0.47 | + 27.03 % | + 571.43 % |
Today, we’re looking at MMTC 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 -99.91 %. However, it did see a marginal slip of -12.33 % from the previous quarter. Expenses decreased slightly by -4.81 % quarter-on-quarter, aligning with the annual decline of -95.4 %. Operating profit, while down -84.11 % compared to last year, faced a quarter-on-quarter increase of 4.65 %, 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 -5120.93 %, but a shrinkage of -412.48 % sequentially. Other income rose by 7.22 % compared to the last quarter, despite an annual growth of 155.56 %. Interest expenses dropped significantly by -84.85 % from the previous quarter, yet the year-over-year decrease remains at a moderate -97.8 %. Depreciation costs climbed by 37.76 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -3.57 %. Profit before tax grew annually by 385.79 % but saw an increase from the preceding quarter by 15.17 %.
Tax expenses as a percentage of profits decreased slightly by -24.78 % compared to last year, with a more notable quarter-on-quarter decrease of -10.18 %. Net profit rose by 608.43 % year-on-year but experienced a 25.26 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 571.43 % but a quarterly rise of 27.03 %. In summary, MMTC 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. 708.2 Cr | Rs. 0.73 Cr | Rs. 0.64 Cr | -12.33 % | -99.91 % |
Expenses | Rs. 726.01 Cr | Rs. 35.12 Cr | Rs. 33.43 Cr | -4.81 % | -95.4 % |
Operating Profit | Rs. -17.81 Cr | Rs. -34.39 Cr | Rs. -32.79 Cr | + 4.65 % | -84.11 % |
Net Profit | Rs. 9.85 Cr | Rs. 55.71 Cr | Rs. 69.78 Cr | + 25.26 % | + 608.43 % |
EPS in Rs | Rs. 0.07 | Rs. 0.37 | Rs. 0.47 | + 27.03 % | + 571.43 % |
In reviewing MMTC Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -99.91 % year-on-year, although there was a slight dip of -12.33 % from the previous quarter. Expenses decreased by -95.4 % compared to the previous year, with a decrease of -4.81 % quarter-on-quarter. Operating Profit dropped by -84.11 % annually, and saw a 4.65 % increase from the last quarter.
Net Profit showed yearly increase of 608.43 %, and experienced a 25.26 % increase from the previous quarter. Earnings Per Share (EPS) rose by 571.43 % annually, however rose by 27.03 % compared to the last quarter. In essence, while MMTC Ltd., exhibits strong annual growth 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.