Highlights
- Sales over the Year and quarter:
- Income over the Year and quarter: There has been decline in other income over the past year which is -55.6 %, Marginal increase in other income during this quarter, up by 485.71%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Modern Steels Limited. Profit dropped by -60.89 % Year to Year, Modern Steels Limited’s profitability dropped by -2040 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -61.11 % Year to Year. EPS decreased by -1850 % 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. 0.23 Cr | Rs. 0.26 Cr | Rs. 0.26 Cr | + 0 % | + 13.04 % |
| Operating Profit | Rs. -0.23 Cr | Rs. -0.26 Cr | Rs. -0.26 Cr | + 0 % | -13.04 % |
| OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Other Income | Rs. 2.77 Cr | Rs. 0.21 Cr | Rs. 1.23 Cr | + 485.71 % | -55.6 % |
| 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. 2.54 Cr | Rs. -0.05 Cr | Rs. 0.97 Cr | + 2040 % | -61.81 % |
| Tax % | 0 % | -0 % | 0 % | 0 % | 0 % |
| Net Profit | Rs. 2.48 Cr | Rs. -0.05 Cr | Rs. 0.97 Cr | + 2040 % | -60.89 % |
| EPS in Rs | Rs. 1.8 | Rs. -0.04 | Rs. 0.7 | + 1850 % | -61.11 % |
Today, we’re looking at Modern Steels Limited’s financial performance for the Q4(Mar 2024).Expenses ticked up slightly by 0 % quarter-on-quarter, aligning with the annual rise of 13.04 %. Operating profit, while down -13.04 % compared to last year, faced a quarter-on-quarter increase of 0 %, signaling a short-term expansion in margins.
Other income rose by 485.71 % compared to the last quarter, despite an annual decline of -55.6 %. Profit before tax declined annually by -61.81 % but saw an increase from the preceding quarter by 2040 %.
Net profit fell by -60.89 % year-on-year but experienced a 2040 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -61.11 % but a quarterly rise of 1850 %. 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. 0.23 Cr | Rs. 0.26 Cr | Rs. 0.26 Cr | + 0 % | + 13.04 % |
| Operating Profit | Rs. -0.23 Cr | Rs. -0.26 Cr | Rs. -0.26 Cr | + 0 % | -13.04 % |
| Net Profit | Rs. 2.48 Cr | Rs. -0.05 Cr | Rs. 0.97 Cr | + 2040 % | -60.89 % |
| EPS in Rs | Rs. 1.8 | Rs. -0.04 | Rs. 0.7 | + 1850 % | -61.11 % |
In reviewing Modern Steels Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 13.04 % compared to the previous year, with a 0 % increase quarter-on-quarter. Operating Profit dropped by -13.04 % annually, and saw a 0 % increase from the last quarter.
Net Profit showed yearly decrease of -60.89 %, and experienced a 2040 % increase from the previous quarter. Earnings Per Share (EPS) fell by -61.11 % annually, however rose by 1850 % compared to the last quarter. In essence, while Modern Steels 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.
