Share the post "MOUNT HOUSING AND INFRASTRUCTURE ‘s Q1 Results: Profit Drops by 40% YoY"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -91.78 % over the year, decrease in net sales/revenue by -99.69 %.
- Profit over the Year and quarter: Significant improvement in profitability for MOUNT HOUSING AND INFRASTRUCTURE LIMITED. Notable increase of 37.96 % in net profit Year to Year, MOUNT HOUSING AND INFRASTRUCTURE LIMITED’s profitability dropped by -139.85 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 33.33 % Year to Year. EPS decreased by -103.97 % 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. 0.073 Cr | Rs. 1.926 Cr | Rs. 0.006 Cr | -99.69 % | -91.78 % |
| Expenses | Rs. 0.14 Cr | Rs. 0.28 Cr | Rs. 0.21 Cr | -25 % | + 50 % |
| Operating Profit | Rs. -0.07 Cr | Rs. 1.65 Cr | Rs. -0.2 Cr | -112.12 % | -185.71 % |
| OPM % | -95.89 % | 85.67 % | -3333.33 % | -3419 % | -3237.44 % |
| Other Income | Rs. 0.022 Cr | Rs. 0.014 Cr | Rs. 0 Cr | 0 % | 0 % |
| Interest | Rs. 0.3 Cr | Rs. 0.37 Cr | Rs. 0.28 Cr | -24.32 % | -6.67 % |
| Depreciation | Rs. 0.02 Cr | Rs. 0.03 Cr | Rs. 0.01 Cr | -66.67 % | -50 % |
| Profit before tax | Rs. -0.37 Cr | Rs. 1.26 Cr | Rs. -0.49 Cr | -138.89 % | -32.43 % |
| Tax % | -2.75 % | 3.32 % | -1.62 % | -4.94 % | + 1.13 % |
| Net Profit | Rs. -0.35 Cr | Rs. 1.22 Cr | Rs. -0.49 Cr | -140.16 % | -40 % |
| EPS in Rs | Rs. -0.12 | Rs. 4.03 | Rs. -0.16 | -103.97 % | -33.33 % |
Today, we’re looking at MOUNT HOUSING AND INFRASTRUCTURE LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -91.78 %. However, it did see a marginal slip of -99.69 % from the previous quarter. Expenses decreased slightly by -25 % quarter-on-quarter, aligning with the annual rise of 50 %. Operating profit, while down -185.71 % compared to last year, faced a quarter-on-quarter dip of -112.12 %, 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 -3237.44 %, but a shrinkage of -3419 % sequentially. Interest expenses dropped significantly by -24.32 % from the previous quarter, yet the year-over-year decrease remains at a moderate -6.67 %. Depreciation costs fell by -66.67 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -50 %. Profit before tax declined annually by -32.43 % but saw a reduction from the preceding quarter by -138.89 %.
Tax expenses as a percentage of profits increased slightly by 1.13 % compared to last year, with a more notable quarter-on-quarter decrease of -4.94 %. Net profit fell by -40 % year-on-year but witnessed a -140.16 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -33.33 % but a quarterly fall of -103.97 %. In summary, MOUNT HOUSING AND INFRASTRUCTURE 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. 0.073 Cr | Rs. 1.926 Cr | Rs. 0.006 Cr | -99.69 % | -91.78 % |
| Expenses | Rs. 0.14 Cr | Rs. 0.28 Cr | Rs. 0.21 Cr | -25 % | + 50 % |
| Operating Profit | Rs. -0.07 Cr | Rs. 1.65 Cr | Rs. -0.2 Cr | -112.12 % | -185.71 % |
| Net Profit | Rs. -0.35 Cr | Rs. 1.22 Cr | Rs. -0.49 Cr | -140.16 % | -40 % |
| EPS in Rs | Rs. -0.12 | Rs. 4.03 | Rs. -0.16 | -103.97 % | -33.33 % |
In reviewing MOUNT HOUSING AND INFRASTRUCTURE LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -91.78 % year-on-year, although there was a slight dip of -99.69 % from the previous quarter. Expenses rose by 50 % compared to the previous year, with a decrease of -25 % quarter-on-quarter. Operating Profit dropped by -185.71 % annually, and saw a -112.12 % decrease from the last quarter.
Net Profit showed yearly decrease of -40 %, and experienced a -140.16 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -33.33 % annually, however dipped by -103.97 % compared to the last quarter. In essence, while MOUNT HOUSING AND INFRASTRUCTURE 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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