Madhav Copper Q1 Results Revenue Up 68.02% QoQ and 1604.46% YoY

Madhav Copper Q1 Results: Madhav Copper saw significant changes in its financial performance compared to the previous quarter and the same quarter last year in the first quarter of 2024. The company's total revenue reached ₹24.49 crores, a big increase from the ₹1.44 crores reported a year earlier, showing a growth of 1604.46%. This means the company made a lot more money from its operations compared to the past. 

However, the company’s operating expenses, which include costs like selling, general, and administrative expenses, were higher than last year. Selling, general, and administrative expenses rose to ₹0.28 crores from ₹0.15 crores a year ago, and other operating expenses increased as well.

Madhav Copper's rise in revenue, the company faced challenges with its operating income, which was ₹1.38 crores, an improvement from a loss in the previous quarter but still lower compared to the past year. The net income, or profit after all expenses, was ₹1.12 crores, a significant increase from a loss of ₹1.01 crores last year. 

Madhav Copper’s diluted normalized earnings per share (EPS) was ₹0.41, compared to a loss of ₹0.37 a year ago, showing that each share earned more compared to the previous year. Madhav Copper's financial performance improved but showed some mixed results.

Here's the quarterly financial summary for Madhav Copper's Q1 results:

Source: Here 

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Madhav Copper Q1 Results 

Madhav Copper Q1 Results: Madhav Copper reported mixed financial results for the first quarter ending on June 30, 2024. The company's net sales and income from operations significantly increased to ₹24,48,93,655 compared to ₹14,57,53,586 in the previous quarter and ₹1,43,57,838 in the same quarter last year. 

Madhav Copper’s total revenue from operations was ₹24,48,93,655, a substantial rise from ₹14,57,53,586 in the previous quarter. The company's other income for the quarter was ₹9,40,091, a decrease from ₹4,55,26,337 in the previous quarter. This led to a total income of ₹24,58,33,745, up from ₹19,12,79,923 in the previous quarter.

Madhav Copper’s expenses saw an increase, with total expenditure reaching ₹23,41,37,484, up from ₹15,29,13,060 in the previous quarter. This includes significant rises in the consumption of raw materials and other expenses. 

Despite the increased expenses, Madhav Copper reported a profit before tax of ₹1,16,96,261, down from ₹3,83,66,863 in the previous quarter. After tax adjustments, the net profit for the quarter was ₹1,12,07,336, showing a decrease from ₹4,20,03,288 in the previous quarter.

Here is a summary of the financial results:

Madhav Copper Financial Overview 

Madhav Copper's financial table provides key details about the company. Its market cap is ₹114 Crores, meaning it's valued at this amount in the stock market. The current stock price is ₹41.9, but it has ranged between ₹50.9 at its highest and ₹26.2 at its lowest. The stock price-to-earnings (P/E) ratio is 33.9, showing how much investors are willing to pay for each unit of earnings. 

Here's the information in a table format:

Quarterly Results 

For Madhav Copper, the financial performance in December 2023, March 2024, and June 2024 shows notable changes. In December 2023, the company had sales of Rs. 13.47 crores and a small loss of Rs. 0.09 crores in operating profit, with a negative Operating Profit Margin (OPM) of -0.67%. By March 2024, sales increased to Rs. 14.58 crores, and the company earned a small profit of Rs. 0.08 crores, turning the OPM to a positive 0.55%.

Here's the quarterly results for December 2023, March 2024, and June 2024:

About Madhav Copper 

Madhav Copper is a company with advanced manufacturing facilities that are certified for quality management, occupational health and safety, and environmental management. They have four top-notch plants that use the latest technology to produce high-quality copper products. The company’s product range includes copper busbars, rods, profiles, and various fabricated products. They also make enameled copper wire, paper-covered copper conductors, and other specialized copper items used in many applications like pumps, motors, transformers, and generators.

Madhav Copper focuses on using the best materials and technology. They use advanced equipment to test their products for quality, including machines that measure dielectric dissipation, analyze metal composition, and ensure low oxygen content in copper. This helps them produce flawless copper rods and maintain high standards during manufacturing.

Madhav Copper products meet both national and international standards, such as IS, IEC, NEMA, and ASTM. Madhav Copper uses 100% LME (London Metal Exchange) grade ‘A’ copper cathodes for making their rods and 99.997% pure copper for conductors. Their copper products are suitable for use in high-speed automatic machines and CNC fabrication.