Share the post "My Money Securities announces Q1 results: Profit Rises by 51950% 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 experienced a substantial growth of 7477.84 % in the past year, substantial increase in net sales/revenue by 800.24 %.
- 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 145.35 %. Marginal increase in other income during this quarter, up by 38.82%.
- Profit over the Year and quarter: Significant improvement in profitability for My Money Securities Ltd.. Notable increase of 54705.26 % in net profit Year to Year, My Money Securities Ltd.’s profitability increased by 719.92 % in this quarter.
- EPS over the Year and quarter: EPS increased by 61,900.00 % Year to Year. EPS increased by 715.79 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.194 Cr | Rs. 1.633 Cr | Rs. 14.701 Cr | + 800.24 % | + 7477.84 % |
| Expenses | Rs. 0.2 Cr | Rs. 0.55 Cr | Rs. 0.96 Cr | + 74.55 % | + 380 % |
| Operating Profit | Rs. -0.01 Cr | Rs. 1.08 Cr | Rs. 13.74 Cr | + 1172.22 % | + 137500 % |
| OPM % | -5.15 % | 66.14 % | 93.46 % | + 27.32 % | + 98.61 % |
| Other Income | Rs. 0.086 Cr | Rs. 0.152 Cr | Rs. 0.211 Cr | + 38.82 % | + 145.35 % |
| Interest | Rs. 0.05 Cr | Rs. 0.03 Cr | Rs. 0.01 Cr | -66.67 % | -80 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.03 Cr | Rs. 0.02 Cr | -33.33 % | + 100 % |
| Profit before tax | Rs. 0.02 Cr | Rs. 1.17 Cr | Rs. 13.92 Cr | + 1089.74 % | + 69500 % |
| Tax % | 24 % | 7.72 % | 25.22 % | + 17.5 % | + 1.22 % |
| Net Profit | Rs. 0.02 Cr | Rs. 1.27 Cr | Rs. 10.41 Cr | + 719.69 % | + 51950 % |
| EPS in Rs | Rs. 0.01 | Rs. 0.76 | Rs. 6.2 | + 715.79 % | + 61900 % |
Today, we’re looking at My Money Securities 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 7477.84 %. However, it did see a marginal increase of 800.24 % from the previous quarter. Expenses ticked up slightly by 74.55 % quarter-on-quarter, aligning with the annual rise of 380 %. Operating profit, while up 137500 % compared to last year, faced a quarter-on-quarter increase of 1172.22 %, 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 98.61 %, but an expansion of 27.32 % sequentially. Other income rose by 38.82 % compared to the last quarter, despite an annual growth of 145.35 %. Interest expenses dropped significantly by -66.67 % from the previous quarter, yet the year-over-year decrease remains at a moderate -80 %. Depreciation costs fell by -33.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 100 %. Profit before tax grew annually by 69500 % but saw an increase from the preceding quarter by 1089.74 %.
Tax expenses as a percentage of profits increased slightly by 1.22 % compared to last year, with a more notable quarter-on-quarter increase of 17.5 %. Net profit rose by 51950 % year-on-year but experienced a 719.69 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 61900 % but a quarterly rise of 715.79 %. In summary, My Money Securities 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. 0.194 Cr | Rs. 1.633 Cr | Rs. 14.701 Cr | + 800.24 % | + 7477.84 % |
| Expenses | Rs. 0.2 Cr | Rs. 0.55 Cr | Rs. 0.96 Cr | + 74.55 % | + 380 % |
| Operating Profit | Rs. -0.01 Cr | Rs. 1.08 Cr | Rs. 13.74 Cr | + 1172.22 % | + 137500 % |
| Net Profit | Rs. 0.02 Cr | Rs. 1.27 Cr | Rs. 10.41 Cr | + 719.69 % | + 51950 % |
| EPS in Rs | Rs. 0.01 | Rs. 0.76 | Rs. 6.2 | + 715.79 % | + 61900 % |
In reviewing My Money Securities Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7477.84 % year-on-year growth, however, there was a minor increase of 800.24 % from the previous quarter. Expenses rose by 380 % compared to the previous year, with a 74.55 % increase quarter-on-quarter. Operating Profit surged by 137500 % annually, and saw a 1172.22 % increase from the last quarter.
Net Profit showed yearly increase of 51950 %, and experienced a 719.69 % increase from the previous quarter. Earnings Per Share (EPS) rose by 61900 % annually, however rose by 715.79 % compared to the last quarter. In essence, while My Money Securities 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.
