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Milestone Global Q1 Results Revenue Declines to ₹330.17 Lakhs, Profit Before Tax Increases to ₹16.35 Lakhs
Milestone Global Q1 Results show a 17.5% QoQ decrease in revenue from ₹400.26 lakhs to ₹330.17 lakhs, with total income at ₹3.30 crores (-10.48%), operating profit down 48.49% to ₹0.11 crores, and profit after tax declining 41.10% to ₹0.16 crores. Milestone Global Q1 Results also reveal an operating margin decrease of 42.46% to 3.26%.
by Madhumitha
Updated Sep 11, 2024
Table of Content
Milestone Global Q1 Results: Milestone Global declared their Q1 results for FY 2024-2025 on 10th August 2024, reporting a 17.5% decrease in revenue quarter-on-quarter (QoQ) from ₹400.26 lakhs in Q4 of 2023-2024 to ₹330.17 lakhs in Q1 2024-2025.
This marks a decline in revenue from operations, signaling a challenging start to the financial year. Year-over-year (YoY), the company's revenue saw a 9.8% drop, reflecting slower sales growth compared to the same quarter in the previous year. Total expenses were down by 21% QoQ, mainly due to reduced material costs and lower employee benefits expenses.
Despite the decline in revenue, Milestone Global's profit before tax improved to ₹16.35 lakhs, compared to a loss of ₹4.38 lakhs in the previous quarter, showing a positive QoQ turnaround. However, on a YoY basis, the profit growth was still slow.
The company’s earnings per share (EPS) for the quarter stood at ₹0.33, compared to ₹(0.49) in the previous quarter, reflecting a marked improvement in QoQ. The company remains focused on maintaining quality service and timely delivery to its global markets, with an eye on stabilizing revenue in upcoming quarters.
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Milestone Global Q1 Results 2024-2025
Milestone Global announced its Q1 results for FY 2024-2025, highlighting key financial metrics.
| Particulars | Q1 2024-25 (30.06.2024) |
Q4 2023-24 (31.03.2024) |
|---|---|---|
| Revenue from Operations (₹ lakhs) | 330.17 | 400.26 |
| Other Income (₹ lakhs) | 5.57 | -0.09 |
| Total Revenue (₹ lakhs) | 335.74 | 400.17 |
| Total Expenses (₹ lakhs) | 319.39 | 404.55 |
| Profit/(Loss) Before Tax (₹ lakhs) | 16.35 | (4.38) |
| Net Profit/(Loss) (₹ lakhs) | 16.35 | (24.56) |
| EPS (₹) | 0.33 | (0.49) |
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Milestone Global Current Marlet Overview
Milestone Global is currently trading at ₹33.8 per share, reflecting a 4.98% decrease in its stock price as of 11 September 2024. The company has a market capitalization of ₹16.9 crore and has seen its stock fluctuate between a high of ₹46.2 and a low of ₹13.9 over the past year.
With a P/E ratio of 27.8, the stock is priced higher than its earnings, indicating it may be seen as a growth stock. However, it currently offers no dividend yield, and its ROCE of 10.9% and ROE of 8.2% suggest steady, moderate returns on investments.
| Particulars | Details |
|---|---|
| Current Price (₹) | 33.8 |
| Price Change | -4.98% |
| Market Capitalization | ₹16.9 crore |
| 52-Week High (₹) | 46.2 |
| 52-Week Low (₹) | 13.9 |
| Stock P/E Ratio | 27.8 |
| Book Value (₹) | 18.5 |
| Dividend Yield | 0.00% |
| Return on Capital Employed (ROCE) | 10.9% |
| Return on Equity (ROE) | 8.2% |
| Face Value (₹) | 10.0 |
Quarterly Results
Here is a summary of the key financial metrics for the quarters ending December 2023, March 2024, and June 2024.
| Particulars | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ crores) | 4.25 | 4.00 | 3.30 |
| Expenses (₹ crores) | 3.80 | 3.91 | 3.12 |
| Operating Profit (₹ crores) | 0.45 | 0.09 | 0.18 |
| OPM (%) | 10.59% | 2.25% | 5.45% |
| Other Income (₹ crores) | 0.11 | 0.00 | 0.06 |
| Depreciation (₹ crores) | 0.06 | 0.14 | 0.08 |
| Profit Before Tax (₹ crores) | 0.50 | -0.05 | 0.16 |
| Net Profit (₹ crores) | 0.47 | -0.25 | 0.16 |
| EPS (₹) | 0.94 | -0.50 | 0.32 |
About Milestone Global
Milestone Global, founded in 1991, is a leading manufacturer of high-quality monuments and memorials. Over the years, the company has expanded its presence from the USA to the UK, Europe, and New Zealand. Specializing in a wide range of products, including basic monuments, custom designs, multi-piece monuments, and sculptures, Milestone is known for its top-quality craftsmanship.
Strategically located in India's granite belt, the company has access to over 30 colors of granite, including South African, Norwegian, and Finnish varieties. With state-of-the-art machinery and skilled staff, Milestone Global has built a strong reputation for quality and timely delivery.
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Milestone Global Q1 Results- FAQs
1. What is Milestone Global’s revenue from operations for Q1 2024-2025?
Milestone Global’s revenue from operations for Q1 2024-2025 is ₹330.17 lakhs.
2. What was the revenue from operations in Q4 2023-2024 for Milestone Global?
Milestone Global’s revenue from operations in Q4 2023-2024 was ₹400.26 lakhs.
3. How much total revenue did Milestone Global report for Q1 2024-2025?
Milestone Global reported a total revenue of ₹335.74 lakhs for Q1 2024-2025.
4. What were Milestone Global’s total expenses in Q1 2024-2025?
Milestone Global’s total expenses in Q1 2024-2025 were ₹319.39 lakhs.
5. What is the profit before tax for Milestone Global in Q1 2024-2025?
Milestone Global’s profit before tax for Q1 2024-2025 is ₹16.35 lakhs.
6. Did Milestone Global report a profit or loss before tax in Q4 2023-2024?
Milestone Global reported a loss before tax of ₹4.38 lakhs in Q4 2023-2024.
7. What is the net profit for Milestone Global in Q1 2024-2025?
Milestone Global’s net profit for Q1 2024-2025 is ₹16.35 lakhs.
8. How did Milestone Global’s net profit in Q1 2024-2025 compare to Q4 2023-2024?
Milestone Global’s net profit in Q1 2024-2025 improved from a loss of ₹24.56 lakhs in Q4 2023-2024.
9. What was Milestone Global’s earnings per share (EPS) for Q1 2024-2025?
Milestone Global’s EPS for Q1 2024-2025 was ₹0.33.
10. What was the EPS for Milestone Global in Q4 2023-2024?
Milestone Global’s EPS in Q4 2023-2024 was ₹(0.49).