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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 76.41 % in the past year, substantial increase in net sales/revenue by 23.25 %.
- 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 255.7 %. Marginal decrease of -36.92% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Modi Naturals Limited. Notable increase of 841.24 % in net profit Year to Year, Modi Naturals Limited’s profitability increased by 492.38 % in this quarter.
- EPS over the Year and quarter: EPS increased by 790.48 % Year to Year. EPS increased by 405.41 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 83.698 Cr | Rs. 119.799 Cr | Rs. 147.654 Cr | + 23.25 % | + 76.41 % |
Expenses | Rs. 81.23 Cr | Rs. 114.22 Cr | Rs. 134.39 Cr | + 17.66 % | + 65.44 % |
Operating Profit | Rs. 2.47 Cr | Rs. 5.58 Cr | Rs. 13.26 Cr | + 137.63 % | + 436.84 % |
OPM % | 2.95 % | 4.66 % | 8.98 % | + 4.32 % | + 6.03 % |
Other Income | Rs. 0.158 Cr | Rs. 0.891 Cr | Rs. 0.562 Cr | -36.92 % | + 255.7 % |
Interest | Rs. 1.31 Cr | Rs. 3.4 Cr | Rs. 3.14 Cr | -7.65 % | + 139.69 % |
Depreciation | Rs. 0.38 Cr | Rs. 1.72 Cr | Rs. 1.96 Cr | + 13.95 % | + 415.79 % |
Profit before tax | Rs. 0.94 Cr | Rs. 1.35 Cr | Rs. 8.72 Cr | + 545.93 % | + 827.66 % |
Tax % | 15.46 % | 6.46 % | 14.47 % | + 8.01 % | -0.99 % |
Net Profit | Rs. 0.79 Cr | Rs. 1.26 Cr | Rs. 7.46 Cr | + 492.06 % | + 844.3 % |
EPS in Rs | Rs. 0.63 | Rs. 1.11 | Rs. 5.61 | + 405.41 % | + 790.48 % |
Today, we’re looking at Modi Naturals 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 76.41 %. However, it did see a marginal increase of 23.25 % from the previous quarter. Expenses ticked up slightly by 17.66 % quarter-on-quarter, aligning with the annual rise of 65.44 %. Operating profit, while up 436.84 % compared to last year, faced a quarter-on-quarter increase of 137.63 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 6.03 %, but an expansion of 4.32 % sequentially. Other income fell by -36.92 % compared to the last quarter, despite an annual growth of 255.7 %. Interest expenses dropped significantly by -7.65 % from the previous quarter, yet the year-over-year increase remains at a moderate 139.69 %. Depreciation costs climbed by 13.95 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 415.79 %. Profit before tax grew annually by 827.66 % but saw an increase from the preceding quarter by 545.93 %.
Tax expenses as a percentage of profits decreased slightly by -0.99 % compared to last year, with a more notable quarter-on-quarter increase of 8.01 %. Net profit rose by 844.3 % year-on-year but experienced a 492.06 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 790.48 % but a quarterly rise of 405.41 %. In summary, Modi Naturals 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. 83.698 Cr | Rs. 119.799 Cr | Rs. 147.654 Cr | + 23.25 % | + 76.41 % |
Expenses | Rs. 81.23 Cr | Rs. 114.22 Cr | Rs. 134.39 Cr | + 17.66 % | + 65.44 % |
Operating Profit | Rs. 2.47 Cr | Rs. 5.58 Cr | Rs. 13.26 Cr | + 137.63 % | + 436.84 % |
Net Profit | Rs. 0.79 Cr | Rs. 1.26 Cr | Rs. 7.46 Cr | + 492.06 % | + 844.3 % |
EPS in Rs | Rs. 0.63 | Rs. 1.11 | Rs. 5.61 | + 405.41 % | + 790.48 % |
In reviewing Modi Naturals Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 76.41 % year-on-year growth, however, there was a minor increase of 23.25 % from the previous quarter. Expenses rose by 65.44 % compared to the previous year, with a 17.66 % increase quarter-on-quarter. Operating Profit surged by 436.84 % annually, and saw a 137.63 % increase from the last quarter.
Net Profit showed yearly increase of 844.3 %, and experienced a 492.06 % increase from the previous quarter. Earnings Per Share (EPS) rose by 790.48 % annually, however rose by 405.41 % compared to the last quarter. In essence, while Modi Naturals Limited 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.
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