Markobenz Ventures Q1 Results Revenue at ₹1506.68 Million & Net Profit at ₹60.24 Million

Markobenz Ventures Q1 Results

Markobenz Ventures Q1 Results: Markobenz Ventures' financial results for the quarter ending on June 30, 2024, show significant growth compared to previous periods. The revenue from operations for this quarter was ₹1506.68 million, a notable increase from ₹1248.44 million in the previous quarter (March 2024). This shows that the company’s business activities expanded over the three-month period. However, a year ago, during the quarter ending on June 30, 2023, there was no reported revenue, which indicates the company has come a long way in generating income.

Markobenz Ventures' expenses for the quarter were ₹1446.43 million, mostly driven by the purchase of stock in trade at ₹1423.04 million. This means the company spent a lot of money buying products to sell. The company kept other costs like employee expenses very low, at only ₹0.55 million.

Markobenz Ventures made a profit of ₹60.24 million before taxes, a decrease from the previous quarter's profit of ₹124.80 million. This drop is because of the lack of exceptional items that boosted the previous quarter's numbers. Despite this, the company still performed well, considering that a year ago it had a small loss.

Here’s a simplified version of the financial results you referred to, for the quarter ended June 30, 2024, compared with the previous quarters and the full year results:

Source: Here 

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Markobenz Ventures Stock Performance

Markobenz Ventures has a market capitalization of ₹39.8 crore, which is the total value of all its shares in the stock market. Its current stock price is ₹20.7 per share. Over time, the stock has reached a high of ₹72.8 and a low of ₹5.94. The Price-to-earnings (P/E) ratio is 14.5, meaning the stock is priced at 14.5 times the company's earnings. However, its book value is negative at ₹-2.61, indicating more liabilities than assets. 

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

Quarterly Results 

The table shows the financial performance of Markobenz Ventures for three specific quarters: December 2023, March 2024, and June 2024. During these periods, the company saw steady growth in sales, starting from ₹10.95 crores in December 2023 and increasing to ₹15.07 crores by June 2024. Expenses also grew but remained manageable, reaching ₹14.47 crores in June 2024. Operating profit was positive, with the highest profit in March 2024 at ₹1.25 crores. The company’s net profit followed a similar pattern, with ₹0.60 crores in June 2024. 

Here is the table for the specific periods you requested:

About Markobenz Ventures

Markobenz Ventures is a company that trades organic agricultural products, mainly in Mumbai's spices market. Established as a public company in Maharashtra on October 4, 1985, it focuses on business-to-business (B2B) transactions. The company deals with large quantities of organic spices like fennel seeds, cumin (jeera), cotton, and turmeric. Markobenz Ventures operates offline and has built strong relationships with key merchants in the region. One of its specialties is selling products in loose packaging, which makes it stand out in the market.

Markobenz Ventures is led by an experienced management team with more than 30 years of knowledge in the industry. Their deep connections in the agro commodities market help them source, trade, and distribute efficiently. Markobenz Ventures places great importance on reliability and transparency, ensuring they follow all necessary organic certification standards.

Markobenz Ventures is known for its practical approach to business, quickly adapting to market demands and staying competitive in the Mumbai spices market. Overall, Markobenz Ventures maintains a strong position by focusing on local operations and building long-term relationships.