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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 7.11 % in the past year, decrease in net sales/revenue by -7 %.
- 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 8.46 %. Marginal increase in other income during this quarter, up by 84.94%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Mold-Tek Technologies Limited. Profit dropped by -17.55 % Year to Year, Mold-Tek Technologies Limited’s profitability dropped by -19.3 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -18.10 % Year to Year. EPS decreased by -19.91 % 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. 36.68 Cr | Rs. 42.244 Cr | Rs. 39.289 Cr | -7 % | + 7.11 % |
Expenses | Rs. 27.68 Cr | Rs. 32.7 Cr | Rs. 31.81 Cr | -2.72 % | + 14.92 % |
Operating Profit | Rs. 9 Cr | Rs. 9.54 Cr | Rs. 7.48 Cr | -21.59 % | -16.89 % |
OPM % | 24.54 % | 22.58 % | 19.04 % | -3.54 % | -5.5 % |
Other Income | Rs. 1.064 Cr | Rs. 0.624 Cr | Rs. 1.154 Cr | + 84.94 % | + 8.46 % |
Interest | Rs. 0.18 Cr | Rs. 0.21 Cr | Rs. 0.21 Cr | + 0 % | + 16.67 % |
Depreciation | Rs. 1.43 Cr | Rs. 1.66 Cr | Rs. 1.67 Cr | + 0.6 % | + 16.78 % |
Profit before tax | Rs. 8.45 Cr | Rs. 8.29 Cr | Rs. 6.75 Cr | -18.58 % | -20.12 % |
Tax % | 25.66 % | 22.65 % | 23.29 % | + 0.64 % | -2.37 % |
Net Profit | Rs. 6.29 Cr | Rs. 6.42 Cr | Rs. 5.18 Cr | -19.31 % | -17.65 % |
EPS in Rs | Rs. 2.18 | Rs. 2.23 | Rs. 1.8 | -19.28 % | -17.43 % |
Today, we’re looking at Mold-Tek Technologies 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 7.11 %. However, it did see a marginal slip of -7 % from the previous quarter. Expenses decreased slightly by -2.72 % quarter-on-quarter, aligning with the annual rise of 14.92 %. Operating profit, while down -16.89 % compared to last year, faced a quarter-on-quarter dip of -21.59 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -5.5 %, but a shrinkage of -3.54 % sequentially. Other income rose by 84.94 % compared to the last quarter, despite an annual growth of 8.46 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 16.67 %. Depreciation costs climbed by 0.6 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 16.78 %. Profit before tax declined annually by -20.12 % but saw a reduction from the preceding quarter by -18.58 %.
Tax expenses as a percentage of profits decreased slightly by -2.37 % compared to last year, with a more notable quarter-on-quarter increase of 0.64 %. Net profit fell by -17.65 % year-on-year but witnessed a -19.31 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -17.43 % but a quarterly fall of -19.28 %. In summary, Mold-Tek Technologies 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. 36.68 Cr | Rs. 42.244 Cr | Rs. 39.289 Cr | -7 % | + 7.11 % |
Expenses | Rs. 27.68 Cr | Rs. 32.7 Cr | Rs. 31.81 Cr | -2.72 % | + 14.92 % |
Operating Profit | Rs. 9 Cr | Rs. 9.54 Cr | Rs. 7.48 Cr | -21.59 % | -16.89 % |
Net Profit | Rs. 6.29 Cr | Rs. 6.42 Cr | Rs. 5.18 Cr | -19.31 % | -17.65 % |
EPS in Rs | Rs. 2.18 | Rs. 2.23 | Rs. 1.8 | -19.28 % | -17.43 % |
In reviewing Mold-Tek Technologies Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7.11 % year-on-year growth, although there was a slight dip of -7 % from the previous quarter. Expenses rose by 14.92 % compared to the previous year, with a decrease of -2.72 % quarter-on-quarter. Operating Profit dropped by -16.89 % annually, and saw a -21.59 % decrease from the last quarter.
Net Profit showed yearly decrease of -17.65 %, and experienced a -19.31 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -17.43 % annually, however dipped by -19.28 % compared to the last quarter. In essence, while Mold-Tek Technologies Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.