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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 1.41 % in the past year, decrease in net sales/revenue by -64.43 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -41.88 %,
- Profit over the Year and quarter: Challenges in sustaining profitability for MODERN ENGINEERING AND PROJECTS LIMITED. Profit dropped by -13.86 % Year to Year, MODERN ENGINEERING AND PROJECTS LIMITED’s profitability dropped by -32.11 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -14.66 % Year to Year. EPS decreased by -32.38 % 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. 14.29 Cr | Rs. 40.742 Cr | Rs. 14.492 Cr | -64.43 % | + 1.41 % |
Expenses | Rs. 14.23 Cr | Rs. 36.06 Cr | Rs. 13.99 Cr | -61.2 % | -1.69 % |
Operating Profit | Rs. 0.06 Cr | Rs. 4.68 Cr | Rs. 0.5 Cr | -89.32 % | + 733.33 % |
OPM % | 0.42 % | 11.49 % | 3.45 % | -8.04 % | + 3.03 % |
Other Income | Rs. 2.34 Cr | Rs. 0 Cr | Rs. 1.36 Cr | 0 % | -41.88 % |
Interest | Rs. 0.15 Cr | Rs. 0.35 Cr | Rs. 0.1 Cr | -71.43 % | -33.33 % |
Depreciation | Rs. 0.54 Cr | Rs. 0.74 Cr | Rs. 0.41 Cr | -44.59 % | -24.07 % |
Profit before tax | Rs. 1.71 Cr | Rs. 3.59 Cr | Rs. 1.35 Cr | -62.4 % | -21.05 % |
Tax % | 25.22 % | 54.7 % | 18.27 % | -36.43 % | -6.95 % |
Net Profit | Rs. 1.28 Cr | Rs. 1.63 Cr | Rs. 1.11 Cr | -31.9 % | -13.28 % |
EPS in Rs | Rs. 4.16 | Rs. 5.25 | Rs. 3.55 | -32.38 % | -14.66 % |
Today, we’re looking at MODERN ENGINEERING AND PROJECTS 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 1.41 %. However, it did see a marginal slip of -64.43 % from the previous quarter. Expenses decreased slightly by -61.2 % quarter-on-quarter, aligning with the annual decline of -1.69 %. Operating profit, while up 733.33 % compared to last year, faced a quarter-on-quarter dip of -89.32 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 3.03 %, but a shrinkage of -8.04 % sequentially. despite an annual decline of -41.88 %. Interest expenses dropped significantly by -71.43 % from the previous quarter, yet the year-over-year decrease remains at a moderate -33.33 %. Depreciation costs fell by -44.59 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -24.07 %. Profit before tax declined annually by -21.05 % but saw a reduction from the preceding quarter by -62.4 %.
Tax expenses as a percentage of profits decreased slightly by -6.95 % compared to last year, with a more notable quarter-on-quarter decrease of -36.43 %. Net profit fell by -13.28 % year-on-year but witnessed a -31.9 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -14.66 % but a quarterly fall of -32.38 %. In summary, MODERN ENGINEERING AND PROJECTS 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. 14.29 Cr | Rs. 40.742 Cr | Rs. 14.492 Cr | -64.43 % | + 1.41 % |
Expenses | Rs. 14.23 Cr | Rs. 36.06 Cr | Rs. 13.99 Cr | -61.2 % | -1.69 % |
Operating Profit | Rs. 0.06 Cr | Rs. 4.68 Cr | Rs. 0.5 Cr | -89.32 % | + 733.33 % |
Net Profit | Rs. 1.28 Cr | Rs. 1.63 Cr | Rs. 1.11 Cr | -31.9 % | -13.28 % |
EPS in Rs | Rs. 4.16 | Rs. 5.25 | Rs. 3.55 | -32.38 % | -14.66 % |
In reviewing MODERN ENGINEERING AND PROJECTS LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 1.41 % year-on-year growth, although there was a slight dip of -64.43 % from the previous quarter. Expenses decreased by -1.69 % compared to the previous year, with a decrease of -61.2 % quarter-on-quarter. Operating Profit surged by 733.33 % annually, and saw a -89.32 % decrease from the last quarter.
Net Profit showed yearly decrease of -13.28 %, and experienced a -31.9 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -14.66 % annually, however dipped by -32.38 % compared to the last quarter. In essence, while MODERN ENGINEERING AND PROJECTS 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.