Brady & Morris Engineering Company Q1 Results Revenue Declines 20.93% QoQ but Increases 43.82% YoY

Brady & Morris Engineering Company Q1 Results: Brady & Morris Engineering Company’s Q1 results show a strong performance year-over-year (YoY), though there are some declines quarter-on-quarter (QoQ). The total revenue increased significantly by 43.82% YoY, rising from ₹14.30 crores in June 2023 to ₹20.56 crores in June 2024. However, compared to the previous quarter (March 2023), revenue dropped by 20.93% QoQ, signaling a slowdown in the short term.

Brady & Morris Engineering Company’s operating expenses also rose YoY, with selling and general expenses up by 18.69%, and other operating expenses up by a significant 79.96%. Despite these increases, the company managed to keep its overall performance positive. The total operating expense rose by 44.82% YoY, showing the company is handling larger costs with its growing revenue. Depreciation and amortization also increased by 63.56% YoY, indicating higher investments in assets.

Brady & Morris Engineering Company’s Net income, which is the profit, rose by 35.88% YoY, from ₹1.77 crores in June 2023 to ₹2.41 crores in June 2024. However, quarter-on-quarter, net income decreased slightly by 4.48%. The diluted normalized earnings per share (EPS) also rose 35.91% YoY, reflecting the company's growing profitability over the past year.

Here are the Q1 results of Brady & Morris Engineering Company for June 2024, compared to March 2023 (quarter-on-quarter) and June 2023 (year-on-year):

(All figures in crores except per share values)

Source: Here 

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Brady & Morris Engineering Company Q1 Results

Brady & Morris Engineering Co. released its financial results for the quarter that ended on June 30, 2024. It earned ₹2,056.05 lakhs from its operations during this period, which is a bit lower than the ₹2,600.18 lakhs it earned in the previous quarter (March 2024). The company also received ₹7.84 lakhs from other sources of income, such as interest or other business activities, bringing the total income for the quarter to ₹2,063.89 lakhs. However, this total income is less than what was earned in the previous quarter.

On the expense side, Brady & Morris spent ₹1,740.69 lakhs on various costs, such as materials, employee salaries, and other expenses. This is lower than the ₹2,259.62 lakhs spent in the previous quarter, indicating the company managed to reduce its costs. After deducting all these expenses, the company made a profit before tax of ₹323.20 lakhs. This profit is also slightly lower than the ₹350.93 lakhs earned in the last quarter.

Brady & Morris Engineering Company’s net profit for this quarter stood at ₹240.92 lakhs. The earnings per share (EPS), which shows how much profit each share of the company earned, was ₹10.71. This is a small drop from the ₹11.21 EPS of the last quarter.

Here is a simplified version of the financial results for Brady & Morris Engineering Co. for the quarter ending June 30, 2024:

Brady & Morris Engineering Company Financial Metrics

Brady & Morris Engineering Company’s table shows key financial metrics. Market Cap is ₹308 crore, which means the total value of all the company's shares is ₹308 crore. The Current Price of one share is ₹1,370. The stock's High/Low range is ₹1,440 and ₹348, indicating the highest and lowest prices it has reached recently. The Stock P/E ratio of 34.1 shows how much investors pay for each rupee of earnings. Book Value per share is ₹104, representing the company's net worth per share. 

Here’s the data in a table format:

Quarterly Results 

Brady & Morris Engineering Company's quarterly results show their financial performance for December 2023, March 2024, and June 2024. In December 2023, the company had sales of ₹18.98 crores and made a profit of ₹2.19 crores. By March 2024, sales increased to ₹26.00 crores, but expenses also rose, leading to a profit of ₹2.52 crores. In June 2024, sales were ₹20.56 crores, with net profit slightly lower at ₹2.41 crores.

Here are the quarterly results for Dec 2023, Mar 2024, and Jun 2024:

About Brady & Morris Engineering Company 

Brady & Morris Engineering Co. is a well-established company based in India, part of the W.H. Brady & Co. group. It started its journey in 1946 and is known for being one of the top crane manufacturers in the country. The company is listed on the Bombay Stock Exchange and has been a significant player in the material-handling equipment industry for over 60 years.

Brady & Morris Engineering Company has received high-level certifications like ISO 9001:2015 and OHSAS 18001, which ensure that its products meet high standards of quality and safety. Brady & Morris specializes in a wide range of products including overhead cranes, gantry cranes, electric hoists, manual winches, and hydraulic pallet trucks. They also provide services for crane refurbishment.

Brady & Morris Engineering Company products are used in various industries such as steel, cement, power, sugar, chemicals, mining, and water treatment. With a network of sales offices and dealers across India, the company’s headquarters is located in Mumbai, and its manufacturing facilities are in Ahmedabad. Brady & Morris aims to deliver complete material handling solutions, and their motto, "Quality, our Legacy," reflects their commitment to high standards in engineering and manufacturing.