Share the post "Zodiac-JRD-MKJ ‘s Q1 Update: Profit Falls by 95.51% Year-on-Year"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Income over the Year and quarter: There has been decline in other income over the past year which is -92.53 %, Marginal decrease of -83.61% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Zodiac-JRD-MKJ Ltd.. Profit dropped by -95.6 % Year to Year, Zodiac-JRD-MKJ Ltd.’s profitability dropped by -102.18 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -95.91 % Year to Year. EPS decreased by -102.02 % 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. 5.929 Cr | Rs. 0 Cr | Rs. 6.462 Cr | 0 % | + 8.99 % |
| Expenses | Rs. 6.13 Cr | Rs. 3.07 Cr | Rs. 6.51 Cr | + 112.05 % | + 6.2 % |
| Operating Profit | Rs. -0.2 Cr | Rs. -3.07 Cr | Rs. -0.05 Cr | + 98.37 % | + 75 % |
| OPM % | -3.37 % | 0 % | -0.77 % | -0.77 % | + 2.6 % |
| Other Income | Rs. 1.205 Cr | Rs. 0.549 Cr | Rs. 0.09 Cr | -83.61 % | -92.53 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0.01 Cr | 0 % | 0 % |
| Profit before tax | Rs. 1.01 Cr | Rs. -2.52 Cr | Rs. 0.03 Cr | + 101.19 % | -97.03 % |
| Tax % | 11.65 % | -29.08 % | 0 % | + 29.08 % | -11.65 % |
| Net Profit | Rs. 0.89 Cr | Rs. -1.79 Cr | Rs. 0.04 Cr | + 102.23 % | -95.51 % |
| EPS in Rs | Rs. 1.71 | Rs. -3.46 | Rs. 0.07 | + 102.02 % | -95.91 % |
Today, we’re looking at Zodiac-JRD-MKJ 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 8.99 %. Expenses ticked up slightly by 112.05 % quarter-on-quarter, aligning with the annual rise of 6.2 %. Operating profit, while up 75 % compared to last year, faced a quarter-on-quarter increase of 98.37 %, 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 2.6 %, but a shrinkage of -0.77 % sequentially. Other income fell by -83.61 % compared to the last quarter, despite an annual decline of -92.53 %. Profit before tax declined annually by -97.03 % but saw an increase from the preceding quarter by 101.19 %.
Tax expenses as a percentage of profits decreased slightly by -11.65 % compared to last year, with a more notable quarter-on-quarter increase of 29.08 %. Net profit fell by -95.51 % year-on-year but experienced a 102.23 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -95.91 % but a quarterly rise of 102.02 %. In summary, Zodiac-JRD-MKJ 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. 5.929 Cr | Rs. 0 Cr | Rs. 6.462 Cr | 0 % | + 8.99 % |
| Expenses | Rs. 6.13 Cr | Rs. 3.07 Cr | Rs. 6.51 Cr | + 112.05 % | + 6.2 % |
| Operating Profit | Rs. -0.2 Cr | Rs. -3.07 Cr | Rs. -0.05 Cr | + 98.37 % | + 75 % |
| Net Profit | Rs. 0.89 Cr | Rs. -1.79 Cr | Rs. 0.04 Cr | + 102.23 % | -95.51 % |
| EPS in Rs | Rs. 1.71 | Rs. -3.46 | Rs. 0.07 | + 102.02 % | -95.91 % |
In reviewing Zodiac-JRD-MKJ Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 8.99 % year-on-year growth, Expenses rose by 6.2 % compared to the previous year, with a 112.05 % increase quarter-on-quarter. Operating Profit surged by 75 % annually, and saw a 98.37 % increase from the last quarter.
Net Profit showed yearly decrease of -95.51 %, and experienced a 102.23 % increase from the previous quarter. Earnings Per Share (EPS) fell by -95.91 % annually, however rose by 102.02 % compared to the last quarter. In essence, while Zodiac-JRD-MKJ Ltd. 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.
32
3-Year Profit
25
5-Year Profit
9
10-Year Profit
283
Current Price
3,055
Market Cap
The company associated with BSE code 540797 presents a financial narrative of mixed fortunes. Over a five-year period, the company achieved a profit of 25 units, which subsequently rose to 32 units over the three years that followed. Yet, despite this initial growth, the company now faces a troubling trailing twelve-month (TTM) profit loss of 26 units. What’s particularly striking is the company’s complete absence of reported sales across all analyzed periods, which brings into question the viability of its revenue generation strategies and long-term business sustainability. Moreover, stock prices have been highly volatile, reflecting the company’s uncertain future. While the stock was valued at 26 units over the last five years, it has recently dropped to 15 units, underscoring a rapid decline in market confidence. Over the longer ten-year period, the stock price was at 0 units, illustrating a pattern of fluctuating performance that could pose risks for potential investors.
The company currently holds a market cap of ₹3,055 crore, with its stock trading at ₹283. Historically, the stock has fluctuated between ₹340 / 210, reflecting its performance in response to market dynamics and various economic factors. The company's Price-to-Earnings (P/E) ratio stands at 39.5, indicating that the stock is perceived as highly valued by the market, possibly driven by expectations of future earnings growth. The book value per share is ₹92.6, which offers insight into the company's intrinsic worth, while its dividend yield of 0.42% provides a steady return for long-term investors. Return on Capital Employed (ROCE) is 11.0%, showcasing the company’s ability to generate profits from its capital investments. Return on Equity (ROE) is 8.16%, highlighting how efficiently the company uses shareholder funds to generate profits. The debt-to-equity ratio is very low at 0.38, which is a positive indicator of financial stability. However, the company’s net cash flow of ₹14.9 crore raises concerns about its liquidity position. The Piotroski score of 5.00 reflects the company’s overall financial health, while the Graham Number of ₹123 suggests the stock's intrinsic value. Despite these factors, the Price-to-Book (P/B) ratio of 3.05 indicates that the stock is trading at a premium to its book value, which might imply market optimism about the company's future growth prospects.
