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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- 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 22.22 %. Marginal decrease of -82.11% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Modern Steels Limited. Profit dropped by -91.43 % Year to Year, Modern Steels Limited’s profitability dropped by -103.09 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -107.69 % Year to Year. EPS decreased by -102.86 % 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 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.53 Cr | Rs. 0.26 Cr | Rs. 0.25 Cr | -3.85 % | -52.83 % |
| Operating Profit | Rs. -0.53 Cr | Rs. -0.26 Cr | Rs. -0.25 Cr | + 3.85 % | + 52.83 % |
| OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Other Income | Rs. 0.18 Cr | Rs. 1.23 Cr | Rs. 0.22 Cr | -82.11 % | + 22.22 % |
| 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. -0.35 Cr | Rs. 0.97 Cr | Rs. -0.03 Cr | -103.09 % | + 91.43 % |
| Tax % | -0 % | 0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -0.35 Cr | Rs. 0.97 Cr | Rs. -0.03 Cr | -103.09 % | + 91.43 % |
| EPS in Rs | Rs. -0.26 | Rs. 0.7 | Rs. -0.02 | -102.86 % | + 92.31 % |
Today, we’re looking at Modern Steels Limited’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -3.85 % quarter-on-quarter, aligning with the annual decline of -52.83 %. Operating profit, while up 52.83 % compared to last year, faced a quarter-on-quarter increase of 3.85 %, signaling a short-term expansion in margins.
Other income fell by -82.11 % compared to the last quarter, despite an annual growth of 22.22 %. Profit before tax grew annually by 91.43 % but saw a reduction from the preceding quarter by -103.09 %.
Net profit rose by 91.43 % year-on-year but witnessed a -103.09 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 92.31 % but a quarterly fall of -102.86 %. In summary, Modern Steels 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. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.53 Cr | Rs. 0.26 Cr | Rs. 0.25 Cr | -3.85 % | -52.83 % |
| Operating Profit | Rs. -0.53 Cr | Rs. -0.26 Cr | Rs. -0.25 Cr | + 3.85 % | + 52.83 % |
| Net Profit | Rs. -0.35 Cr | Rs. 0.97 Cr | Rs. -0.03 Cr | -103.09 % | + 91.43 % |
| EPS in Rs | Rs. -0.26 | Rs. 0.7 | Rs. -0.02 | -102.86 % | + 92.31 % |
In reviewing Modern Steels Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses decreased by -52.83 % compared to the previous year, with a decrease of -3.85 % quarter-on-quarter. Operating Profit surged by 52.83 % annually, and saw a 3.85 % increase from the last quarter.
Net Profit showed yearly increase of 91.43 %, and experienced a -103.09 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 92.31 % annually, however dipped by -102.86 % compared to the last quarter. In essence, while Modern Steels 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.
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