Share the post "Mysore Petro Chemicals announced Financial Results Q1 2024-25"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: decrease in net sales/revenue by -8.51 %.
- 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 71.5 %. Marginal increase in other income during this quarter, up by 233.43%.
- Profit over the Year and quarter: Significant improvement in profitability for Mysore Petro Chemicals Ltd.,. Notable increase of 67.44 % in net profit Year to Year, Mysore Petro Chemicals Ltd.,’s profitability dropped by -1408.52 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 81.74 % Year to Year. EPS decreased by -20714.29 % 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 Cr | Rs. 15.181 Cr | Rs. 13.889 Cr | -8.51 % | 0 % |
| Expenses | Rs. 1.54 Cr | Rs. 18.93 Cr | Rs. 18.44 Cr | -2.59 % | + 1097.4 % |
| Operating Profit | Rs. -1.54 Cr | Rs. -3.75 Cr | Rs. -4.55 Cr | -21.33 % | -195.45 % |
| OPM % | 0 % | -24.7 % | -32.76 % | -8.06 % | -32.76 % |
| Other Income | Rs. 8.718 Cr | Rs. 4.484 Cr | Rs. 14.951 Cr | + 233.43 % | + 71.5 % |
| Interest | Rs. 0.04 Cr | Rs. 0.2 Cr | Rs. 0.4 Cr | + 100 % | + 900 % |
| Depreciation | Rs. 0.11 Cr | Rs. 0.47 Cr | Rs. 1 Cr | + 112.77 % | + 809.09 % |
| Profit before tax | Rs. 7.03 Cr | Rs. 0.06 Cr | Rs. 9 Cr | + 14900 % | + 28.02 % |
| Tax % | 25.59 % | 980.26 % | 54.25 % | -926.01 % | + 28.66 % |
| Net Profit | Rs. 5.23 Cr | Rs. -0.67 Cr | Rs. 8.75 Cr | + 1405.97 % | + 67.3 % |
| EPS in Rs | Rs. 7.94 | Rs. -0.07 | Rs. 14.43 | + 20714.29 % | + 81.74 % |
Today, we’re looking at Mysore Petro Chemicals Ltd.,’s financial performance for the Q1(Jun 2024).However, it did see a marginal slip of -8.51 % from the previous quarter. Expenses decreased slightly by -2.59 % quarter-on-quarter, aligning with the annual rise of 1097.4 %. Operating profit, while down -195.45 % compared to last year, faced a quarter-on-quarter dip of -21.33 %, 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 -32.76 %, but a shrinkage of -8.06 % sequentially. Other income rose by 233.43 % compared to the last quarter, despite an annual growth of 71.5 %. Interest expenses surged remarkably by 100 % from the previous quarter, yet the year-over-year increase remains at a moderate 900 %. Depreciation costs climbed by 112.77 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 809.09 %. Profit before tax grew annually by 28.02 % but saw an increase from the preceding quarter by 14900 %.
Tax expenses as a percentage of profits increased slightly by 28.66 % compared to last year, with a more notable quarter-on-quarter decrease of -926.01 %. Net profit rose by 67.3 % year-on-year but experienced a 1405.97 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 81.74 % but a quarterly rise of 20714.29 %. In summary, Mysore Petro Chemicals 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 Cr | Rs. 15.181 Cr | Rs. 13.889 Cr | -8.51 % | 0 % |
| Expenses | Rs. 1.54 Cr | Rs. 18.93 Cr | Rs. 18.44 Cr | -2.59 % | + 1097.4 % |
| Operating Profit | Rs. -1.54 Cr | Rs. -3.75 Cr | Rs. -4.55 Cr | -21.33 % | -195.45 % |
| Net Profit | Rs. 5.23 Cr | Rs. -0.67 Cr | Rs. 8.75 Cr | + 1405.97 % | + 67.3 % |
| EPS in Rs | Rs. 7.94 | Rs. -0.07 | Rs. 14.43 | + 20714.29 % | + 81.74 % |
In reviewing Mysore Petro Chemicals Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.although there was a slight dip of -8.51 % from the previous quarter. Expenses rose by 1097.4 % compared to the previous year, with a decrease of -2.59 % quarter-on-quarter. Operating Profit dropped by -195.45 % annually, and saw a -21.33 % decrease from the last quarter.
Net Profit showed yearly increase of 67.3 %, and experienced a 1405.97 % increase from the previous quarter. Earnings Per Share (EPS) rose by 81.74 % annually, however rose by 20714.29 % compared to the last quarter. In essence, while Mysore Petro Chemicals Ltd., faces strong annual decline 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.
[my_shortcode1 values=”Mysore Petro Chemicals “]
