Mangalam Seeds Q1 Results Revenue Hits ₹32.21 Crores

Mangalam Seeds Q1 Results: Mangalam Seeds has released its financial results for the first quarter of the fiscal year ending in June 2024. The total revenue for this period is ₹32.21 crores, which is a significant increase compared to ₹15.79 crores in the previous quarter (March 2023) and ₹23.18 crores in the same quarter last year (June 2023). This growth shows that the company is doing well in increasing its sales.

Mangalam Seeds’ Total Operating expenses have also increased. For June 2024, the total operating expense is ₹26.96 crores, up from ₹10.15 crores in the previous quarter and ₹18.82 crores a year ago. This rise in expenses includes various costs like selling, general, and administrative expenses, which total ₹0.92 crores, and other operating expenses at ₹2.07 crores.

Mangalam Seeds’ operating income for Mangalam Seeds in this quarter is ₹5.25 crores, which is a slight drop from ₹5.65 crores in the previous quarter but an increase from ₹4.36 crores a year ago. Net income before taxes is ₹4.32 crores, and the net income is ₹3.84 crores, compared to ₹4.39 crores in March 2023 and ₹2.83 crores in June 2023. The diluted normalized earnings per share (EPS) is ₹3.49, up from ₹2.58 a year ago. Overall, the results show a positive trend in revenue and net income for Mangalam Seeds.

Here are the Q1 results for Mangalam Seeds presented in a simple table format:

Source: Here 

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Mangalam Seeds Q1 Results 

The Mangalam Seeds table shows the Income Statement. It includes figures for both audited and unaudited results. The first section lists the revenue from operations, which increased from ₹2,300.90 million in June 2023 to ₹2,962.63 million in June 2024. This means the company sold more products or services, showing good growth. Other income remained small but steady, contributing slightly to the total revenue, which also grew from ₹2,302.35 million to ₹2,964.55 million.

Mangalam Seeds’ cost of materials consumed was high, at ₹1,493.72 million, but it decreased compared to the previous year's ₹2,681.33 million. This suggests better management of production costs. However, there was a significant change in inventories, indicating a fluctuation in stock levels. The company spent ₹67.16 million on employee benefits, which is an increase from last year.

Mangalam Seeds After calculating total expenses, we see a profit before tax of ₹414.03 million, up from ₹369.94 million last year. This shows that Mangalam Seeds is performing well financially. The profit after tax was ₹370.09 million, an increase from ₹274.97 million. Overall, Mangalam Seeds has shown strong growth in revenue and profit, reflecting a healthy business performance.

Here's a simplified summary of the Income Statement you provided, including key figures and changes between periods:

(Figures in Rs. Crores)

Mangalam Seeds Stock Metrics

The Mangalam Seeds table shows important financial information about the company. The market cap of ₹ 262 crore indicates the total value of the company in the stock market. The current stock price is ₹ 239, with a high of ₹ 367 and a low of ₹ 202 in the recent period, showing some price fluctuation. The price-to-earnings ratio (P/E) of 18.5 suggests how much investors are willing to pay for each unit of earnings. The book value of ₹ 63.5 represents the company's value per share based on its assets. 

Here’s the information you provided in a clear table format:

Quarterly Results 

The Mangalam Seeds table shows the company's quarterly financial performance over several periods. In December 2023, the company achieved sales of ₹48.15 crores and earned a net profit of ₹5.19 crores, which reflects strong financial health. However, by March 2024, sales dropped to ₹13.37 crores, leading to a net profit of ₹2.25 crores. This indicates a decline in revenue but still a positive profit. In June 2024, sales increased to ₹29.63 crores, and the net profit rose to ₹3.70 crores, showing a recovery trend. 

Here’s the table focusing on the results for Dec 2023, Mar 2024, and Jun 2024 along with the particulars:

(Standalone Figures in Rs. Crores)

About Mangalam Seeds 

Mangalam Seeds is a company that started in 2011 and focuses on sustainable agriculture. It is certified with ISO 9001, which means it meets high-quality standards. The company produces high-quality seeds, especially for forage crops, which are plants used for animal feed. Mangalam Seeds specializes in making hybrid seeds that can resist diseases, pests, and drought. These seeds are adaptable to various weather conditions, helping farmers grow better crops.

Mangalam Seeds believes in research and development to create better farming practices and improve crop yields. The company is committed to environmentally friendly farming methods that protect public health, communities, and animal welfare. They have a strong marketing network in Gujarat and Rajasthan, with many distributors and retailers to support farmers. With its main office in Ahmedabad and processing facilities in different areas, Mangalam Seeds plays a vital role in supporting agriculture across India.