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Morganite Crucible (India) : Q4 2024 Financial Quarterly Report : YoY Sales Up 17.43 %, QoQ Down 0.25 %

June 20, 2024June 20, 2024| adminadmin| 0 Comments| 3:30 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 17.43 % in the past year, decrease in net sales/revenue by -0.25 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -38.04 %, Marginal decrease of -64.31% in other income during this quarter.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Morganite Crucible (India) Limited. Profit dropped by -64.83 % Year to Year, Morganite Crucible (India) Limited’s profitability dropped by -89.55 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS declined by -65.07 % Year to Year. EPS decreased by -89.59 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Morganite Crucible (India) Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 33.978 Cr Rs. 39.998 Cr Rs. 39.899 Cr -0.25 % + 17.43 %
Expenses Rs. 30.23 Cr Rs. 31.49 Cr Rs. 34.28 Cr + 8.86 % + 13.4 %
Operating Profit Rs. 3.75 Cr Rs. 8.51 Cr Rs. 5.62 Cr -33.96 % + 49.87 %
OPM % 11.04 % 21.28 % 14.09 % -7.19 % + 3.05 %
Other Income Rs. 1.63 Cr Rs. 2.83 Cr Rs. 1.01 Cr -64.31 % -38.04 %
Interest Rs. 0 Cr Rs. 0.07 Cr Rs. 0.03 Cr -57.14 % 0 %
Depreciation Rs. 2.03 Cr Rs. 2.11 Cr Rs. 2.09 Cr -0.95 % + 2.96 %
Profit before tax Rs. 3.35 Cr Rs. 9.16 Cr Rs. 4.51 Cr -50.76 % + 34.63 %
Tax % 40.97 % 27.16 % 46.59 % + 19.43 % + 5.62 %
Net Profit Rs. 1.98 Cr Rs. 6.67 Cr Rs. 0.7 Cr -89.51 % -64.65 %
EPS in Rs Rs. 3.55 Rs. 11.91 Rs. 1.24 -89.59 % -65.07 %


Today, we’re looking at Morganite Crucible (India) Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 17.43 %. However, it did see a marginal slip of -0.25 % from the previous quarter. Expenses ticked up slightly by 8.86 % quarter-on-quarter, aligning with the annual rise of 13.4 %. Operating profit, while up 49.87 % compared to last year, faced a quarter-on-quarter dip of -33.96 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 3.05 %, but a shrinkage of -7.19 % sequentially. Other income fell by -64.31 % compared to the last quarter, despite an annual decline of -38.04 %. Interest expenses dropped significantly by -57.14 % from the previous quarter, Depreciation costs fell by -0.95 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2.96 %. Profit before tax grew annually by 34.63 % but saw a reduction from the preceding quarter by -50.76 %.
Tax expenses as a percentage of profits increased slightly by 5.62 % compared to last year, with a more notable quarter-on-quarter increase of 19.43 %. Net profit fell by -64.65 % year-on-year but witnessed a -89.51 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -65.07 % but a quarterly fall of -89.59 %. In summary, Morganite Crucible (India) 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. 33.978 Cr Rs. 39.998 Cr Rs. 39.899 Cr -0.25 % + 17.43 %
Expenses Rs. 30.23 Cr Rs. 31.49 Cr Rs. 34.28 Cr + 8.86 % + 13.4 %
Operating Profit Rs. 3.75 Cr Rs. 8.51 Cr Rs. 5.62 Cr -33.96 % + 49.87 %
Net Profit Rs. 1.98 Cr Rs. 6.67 Cr Rs. 0.7 Cr -89.51 % -64.65 %
EPS in Rs Rs. 3.55 Rs. 11.91 Rs. 1.24 -89.59 % -65.07 %


In reviewing Morganite Crucible (India) Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 17.43 % year-on-year growth, although there was a slight dip of -0.25 % from the previous quarter. Expenses rose by 13.4 % compared to the previous year, with a 8.86 % increase quarter-on-quarter. Operating Profit surged by 49.87 % annually, and saw a -33.96 % decrease from the last quarter.
Net Profit showed yearly decrease of -64.65 %, and experienced a -89.51 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -65.07 % annually, however dipped by -89.59 % compared to the last quarter. In essence, while Morganite Crucible (India) 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.

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