Share the post "Mohite Industries ‘s Q2 Financial results: Revenue Grows by 93.49% YoY"
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 93.49 % in the past year, substantial increase in net sales/revenue by 1.3 %.
- 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 194.21 %. Marginal increase in other income during this quarter, up by 24.93%.
- Profit over the Year and quarter: Significant improvement in profitability for Mohite Industries Limited. Notable increase of 46.52 % in net profit Year to Year, Mohite Industries Limited’s profitability increased by 28.06 % in this quarter.
- EPS over the Year and quarter:
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 24.546 Cr | Rs. 46.885 Cr | Rs. 47.494 Cr | + 1.3 % | + 93.49 % |
Expenses | Rs. 14.48 Cr | Rs. 41.36 Cr | Rs. 38.87 Cr | -6.02 % | + 168.44 % |
Operating Profit | Rs. 10.07 Cr | Rs. 5.53 Cr | Rs. 8.62 Cr | + 55.88 % | -14.4 % |
OPM % | 41.03 % | 11.79 % | 18.15 % | + 6.36 % | -22.88 % |
Other Income | Rs. -0.984 Cr | Rs. 0.742 Cr | Rs. 0.927 Cr | + 24.93 % | + 194.21 % |
Interest | Rs. 5.68 Cr | Rs. 2.51 Cr | Rs. 4.83 Cr | + 92.43 % | -14.96 % |
Depreciation | Rs. 1.57 Cr | Rs. 1.66 Cr | Rs. 2.03 Cr | + 22.29 % | + 29.3 % |
Profit before tax | Rs. 1.84 Cr | Rs. 2.1 Cr | Rs. 2.69 Cr | + 28.1 % | + 46.2 % |
Tax % | 0 % | 0 % | 0 % | 0 % | 0 % |
Net Profit | Rs. 1.84 Cr | Rs. 2.1 Cr | Rs. 2.69 Cr | + 28.1 % | + 46.2 % |
EPS in Rs | Rs. 0.91 | Rs. 1.05 | Rs. 0 | 0 % | 0 % |
Today, we’re looking at Mohite Industries Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 93.49 %. However, it did see a marginal increase of 1.3 % from the previous quarter. Expenses decreased slightly by -6.02 % quarter-on-quarter, aligning with the annual rise of 168.44 %. Operating profit, while down -14.4 % compared to last year, faced a quarter-on-quarter increase of 55.88 %, 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 -22.88 %, but an expansion of 6.36 % sequentially. Other income rose by 24.93 % compared to the last quarter, despite an annual growth of 194.21 %. Interest expenses surged remarkably by 92.43 % from the previous quarter, yet the year-over-year decrease remains at a moderate -14.96 %. Depreciation costs climbed by 22.29 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 29.3 %. Profit before tax grew annually by 46.2 % but saw an increase from the preceding quarter by 28.1 %.
Net profit rose by 46.2 % year-on-year but experienced a 28.1 % expansion from the last quarter. In summary, Mohite Industries 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. 24.546 Cr | Rs. 46.885 Cr | Rs. 47.494 Cr | + 1.3 % | + 93.49 % |
Expenses | Rs. 14.48 Cr | Rs. 41.36 Cr | Rs. 38.87 Cr | -6.02 % | + 168.44 % |
Operating Profit | Rs. 10.07 Cr | Rs. 5.53 Cr | Rs. 8.62 Cr | + 55.88 % | -14.4 % |
Net Profit | Rs. 1.84 Cr | Rs. 2.1 Cr | Rs. 2.69 Cr | + 28.1 % | + 46.2 % |
EPS in Rs | Rs. 0.91 | Rs. 1.05 | Rs. 0 | 0 % | 0 % |
In reviewing Mohite Industries Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 93.49 % year-on-year growth, however, there was a minor increase of 1.3 % from the previous quarter. Expenses rose by 168.44 % compared to the previous year, with a decrease of -6.02 % quarter-on-quarter. Operating Profit dropped by -14.4 % annually, and saw a 55.88 % increase from the last quarter.
Net Profit showed yearly increase of 46.2 %, and experienced a 28.1 % increase from the previous quarter. In essence, while Mohite Industries 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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