Milestone Global Q1 Results Revenue Declines to ₹330.17 Lakhs, Profit Before Tax Increases to ₹16.35 Lakhs

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.

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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.

Quarterly Results

Here is a summary of the key financial metrics for the quarters ending December 2023, March 2024, and June 2024.

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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