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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 60.78 % in the past year, substantial increase in net sales/revenue by 29.39 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -0.05 %, Marginal decrease of -5.15% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Multi Commodity Exchange of India Ltd. Notable increase of 464.19 % in net profit Year to Year, Multi Commodity Exchange of India Ltd’s profitability increased by 26.23 % in this quarter.
- EPS over the Year and quarter: EPS increased by 463.47 % Year to Year. EPS increased by 26.23 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 145.77 Cr | Rs. 181.14 Cr | Rs. 234.37 Cr | + 29.39 % | + 60.78 % |
Expenses | Rs. 135.08 Cr | Rs. 79.12 Cr | Rs. 101.81 Cr | + 28.68 % | -24.63 % |
Operating Profit | Rs. 10.69 Cr | Rs. 102.02 Cr | Rs. 132.56 Cr | + 29.94 % | + 1140.04 % |
OPM % | 7.33 % | 56.32 % | 56.56 % | + 0.24 % | + 49.23 % |
Other Income | Rs. 19.18 Cr | Rs. 20.21 Cr | Rs. 19.17 Cr | -5.15 % | -0.05 % |
Interest | Rs. 0.1 Cr | Rs. 0.06 Cr | Rs. 0.05 Cr | -16.67 % | -50 % |
Depreciation | Rs. 4.33 Cr | Rs. 13.78 Cr | Rs. 13.43 Cr | -2.54 % | + 210.16 % |
Profit before tax | Rs. 25.44 Cr | Rs. 108.39 Cr | Rs. 138.25 Cr | + 27.55 % | + 443.44 % |
Tax % | 21.65 % | 19.27 % | 19.82 % | + 0.55 % | -1.83 % |
Net Profit | Rs. 19.66 Cr | Rs. 87.87 Cr | Rs. 110.92 Cr | + 26.23 % | + 464.19 % |
EPS in Rs | Rs. 3.86 | Rs. 17.23 | Rs. 21.75 | + 26.23 % | + 463.47 % |
Today, we’re looking at Multi Commodity Exchange of India Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 60.78 %. However, it did see a marginal increase of 29.39 % from the previous quarter. Expenses ticked up slightly by 28.68 % quarter-on-quarter, aligning with the annual decline of -24.63 %. Operating profit, while up 1140.04 % compared to last year, faced a quarter-on-quarter increase of 29.94 %, 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 49.23 %, but an expansion of 0.24 % sequentially. Other income fell by -5.15 % compared to the last quarter, despite an annual decline of -0.05 %. Interest expenses dropped significantly by -16.67 % from the previous quarter, yet the year-over-year decrease remains at a moderate -50 %. Depreciation costs fell by -2.54 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 210.16 %. Profit before tax grew annually by 443.44 % but saw an increase from the preceding quarter by 27.55 %.
Tax expenses as a percentage of profits decreased slightly by -1.83 % compared to last year, with a more notable quarter-on-quarter increase of 0.55 %. Net profit rose by 464.19 % year-on-year but experienced a 26.23 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 463.47 % but a quarterly rise of 26.23 %. In summary, Multi Commodity Exchange of India Ltd’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. 145.77 Cr | Rs. 181.14 Cr | Rs. 234.37 Cr | + 29.39 % | + 60.78 % |
Expenses | Rs. 135.08 Cr | Rs. 79.12 Cr | Rs. 101.81 Cr | + 28.68 % | -24.63 % |
Operating Profit | Rs. 10.69 Cr | Rs. 102.02 Cr | Rs. 132.56 Cr | + 29.94 % | + 1140.04 % |
Net Profit | Rs. 19.66 Cr | Rs. 87.87 Cr | Rs. 110.92 Cr | + 26.23 % | + 464.19 % |
EPS in Rs | Rs. 3.86 | Rs. 17.23 | Rs. 21.75 | + 26.23 % | + 463.47 % |
In reviewing Multi Commodity Exchange of India Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 60.78 % year-on-year growth, however, there was a minor increase of 29.39 % from the previous quarter. Expenses decreased by -24.63 % compared to the previous year, with a 28.68 % increase quarter-on-quarter. Operating Profit surged by 1140.04 % annually, and saw a 29.94 % increase from the last quarter.
Net Profit showed yearly increase of 464.19 %, and experienced a 26.23 % increase from the previous quarter. Earnings Per Share (EPS) rose by 463.47 % annually, however rose by 26.23 % compared to the last quarter. In essence, while Multi Commodity Exchange of India Ltd 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.