Manaksia Coated Metals Q1 Results Revenue Up 6.15% QoQ and 12.86% YoY

Manaksia Coated Metals Expense Trends

Manaksia Coated Metals Q1 Results: Manaksia Coated Metals' Q1 results show several key financial changes. The company earned ₹193.78 crores in total revenue, which is up by 6.15% from the previous quarter and 12.86% more compared to the same quarter last year. This means their sales are growing. However, their operating income, which is the money they make from their main business activities, dropped by 14.39% from the last quarter but grew by a significant 110.02% from last year. This big yearly increase suggests they are doing much better than before, despite the recent quarter’s drop.

Manaksia Coated Metals’ expenses also increased. Their total operating expenses went up by 7.69% from the previous quarter and 9.83% from last year. Specifically, other operating expenses, which include costs not directly related to their main business, surged by 45.08% from the previous quarter and 75.50% year-over-year.

Manaksia Coated Metals’ net income, the profit after all expenses and taxes, fell by 41.06% from the previous quarter but saw a massive increase of 2320.37% compared to last year. Similarly, the diluted normalized earnings per share (EPS), which shows how much profit each share of stock earns, decreased by 46.67% from the last quarter but increased dramatically by 1900.00% from the same quarter last year. Overall, while the company faced some challenges recently, its performance compared to the past year is very strong.

Here’s a summary of Manaksia Coated Metals' Q1 results:

Source: Here 

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Manaksia Coated Metals Q1 Results

In terms of revenue, Manaksia Coated Metals earned a total of ₹19,378.21 lakhs in net sales during the quarter, which is slightly higher than ₹18,255.53 lakhs in the previous quarter. This is made up of revenue from Metal Products and Others. For Metal Products, the revenue was ₹19,230.86 lakhs, while the Others segment brought in ₹147.35 lakhs. The company had to deduct inter-segment revenue to get the net sales, which means sales between different parts of the company are removed to avoid double counting.

Manaksia Coated Metals’s segment results show how much profit or loss each part of the business made before considering interest and other expenses. The Metal Products segment made a profit of ₹1,489.96 lakhs, while the Others segment had a small loss. After deducting interest expenses and adding interest income, the company's profit before exceptional items was ₹402.56 lakhs.

Manaksia Coated Metals’s assets and liabilities are listed for different parts of the business. The total assets were ₹54,131.18 lakhs, and the total liabilities were ₹38,394.32 lakhs. This data helps show the company’s financial health and performance over time.

Here's the combined data in a table format for Manaksia Coated Metals & Industries for the quarter ended June 30, 2024:

Manaksia Coated Metals Stock Metrics

Manaksia Coated Metals has a market capitalization of ₹481 Crores, meaning this is the total value of all its shares combined. The current stock price is ₹64.8. The highest price the stock has reached is ₹73.0, while the lowest is ₹18.2. The Price-to-Earnings (P/E) ratio is 33.2, which indicates how much investors are willing to pay for each rupee of earnings. 

Here's the financial data in table format:

Quarterly Results

In the financial figures for Manaksia Coated Metals for December 2023, March 2024, and June 2024, the company showed varied performance. In December 2023, the company had sales of ₹190.91 crores and an operating profit of ₹12.39 crores, with an operating profit margin (OPM) of 6.49%. By March 2024, sales dropped to ₹182.55 crores, but the operating profit increased to ₹15.42 crores, improving the OPM to 8.45%. 

Here are the financial figures for December 2023, March 2024, and June 2024:

About Manaksia Coated Metals 

Manaksia Coated Metals & Industries is a major manufacturer and exporter of coated metal products and fast-moving consumer goods (FMCG). Based in Kolkata, India, MCMIL is part of the Manaksia Group, which has a wide range of businesses including steel and aluminum production and consumer goods. The company operates a steel plant in Kutch, Gujarat, with a production capacity of 120,000 tons per year. 

Manaksia Coated Metals plant features advanced facilities like a Color Coating Line and a new Galvanizing Line. MCMIL is also expanding its operations by building a new Cold Rolling Complex and a second Color Coating Line to increase its capacity to 180,000 tons per year.

Manaksia Coated Metals produces mosquito-repellent coils at plants in Bhopal, Guwahati, and Hyderabad. The company also has a contract with Reckitt Benckiser to manufacture Ultramarine Blue Powder in Bhopal.