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- Mukat Pipes Q1 Results Revenue Drops to Rs. 104.87 Lakhs with a Loss Before Tax of Rs. 2.89 Lakhs
Mukat Pipes Q1 Results Revenue Drops to Rs. 104.87 Lakhs with a Loss Before Tax of Rs. 2.89 Lakhs
Mukat Pipes's Q1 results for June 2024 shows a QoQ revenue drop of 49.1% to Rs. 104.87 lakhs and a loss before tax of Rs. 2.89 lakhs. Mukat Pipes's Q1 result also highlights a decline in EPS from Rs. 0.03 to Rs. 0.02.
by Madhumitha
Updated Sep 03, 2024
Table of Content
Mukat Pipes Q1 Results Unveiled: Mukat Pipes announced their Q1 results for the quarter ended 30th June 2024. The company reported a significant decline in revenue, with a 49.1% drop compared to the previous quarter, falling from Rs. 206.06 lakhs to Rs. 104.87 lakhs. The total revenue for the quarter stood at Rs. 116.84 lakhs, which represents a decrease of 47.8% from Rs. 224.05 lakhs in the previous quarter.
The financial results further reflect a challenging period for the company, with expenses decreasing by 45.5% to Rs. 119.73 lakhs from Rs. 219.96 lakhs in the preceding quarter. Despite the reduction in expenses, Mukat Pipes posted a loss before tax of Rs. 2.89 lakhs, reversing from a profit of Rs. 4.09 lakhs reported in Q4 FY2023.
The Earnings Per Share (EPS) for continuing operations declined from Rs. 0.03 to Rs. (0.02), highlighting a challenging quarter for the company.
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Mukat Pipes Q1 Results 2024-2025
Here's a detailed overview of Mukat Pipes's financial performance for the first quarter of 2024-2025:
| Particulars | Quarter Ended 30.06.2024 | Quarter Ended 31.03.2024 |
|---|---|---|
| Revenue from Operations | Rs. 104.87 lakhs | Rs. 206.06 lakhs |
| Other Income | Rs. 11.97 lakhs | Rs. 17.99 lakhs |
| Total Revenue | Rs. 116.84 lakhs | Rs. 224.05 lakhs |
| Cost of Materials Consumed | Rs. 36.73 lakhs | Rs. 24.95 lakhs |
| Changes in Inventories | Rs. 21.74 lakhs | Rs. 101.07 lakhs |
| Employee Benefit Expense | Rs. 24.68 lakhs | Rs. 38.74 lakhs |
| Total Expenses | Rs. 119.73 lakhs | Rs. 219.96 lakhs |
| Profit/(Loss) Before Tax | Rs. (2.89) lakhs | Rs. 4.09 lakhs |
| Profit/(Loss) for the Period | Rs. (2.89) lakhs | Rs. 4.09 lakhs |
| Basic EPS (Continuing Operations) | Rs. (0.02) | Rs. 0.03 |
| Diluted EPS (Continuing Operations) | Rs. (0.02) | Rs. 0.03 |
| Basic EPS (Discontinued & Continuing Ops) | Rs. (0.02) | Rs. 0.03 |
| Diluted EPS (Discontinued & Continuing Ops) | Rs. (0.02) | Rs. 0.03 |
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Mukat Pipes Current Market Overview
Mukat Pipes is currently trading at ₹19.1 per share, with a market capitalization of ₹22.6 crore. The stock has fluctuated between ₹26.0 at its highest and ₹6.07 at its lowest over the past year. With a high price-to-earnings (P/E) ratio of 188, the stock appears to be priced relatively high compared to its earnings.
The book value of the stock is negative at ₹-5.77, and it does not offer a dividend yield. Overall, the stock's performance shows significant volatility, and its financial metrics indicate that it may be a higher-risk investment.
| Metric | Value |
|---|---|
| Current Price | ₹19.1 |
| Market Cap | ₹22.6 Cr. |
| 52-Week High | ₹26.0 |
| 52-Week Low | ₹6.07 |
| Stock P/E Ratio | 188 |
| Book Value | ₹-5.77 |
| Dividend Yield | 0.00% |
| Face Value | ₹5.00 |
Q1 Results
This table summarizes Mukat Pipes's key financial results for December 2023, March 2024, and June 2024, reflecting recent trends in their performance.
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Cr.) | 1.72 | 2.06 | 1.05 |
| Expenses (₹ Cr.) | 1.68 | 2.13 | 1.13 |
| Operating Profit (₹ Cr.) | 0.04 | -0.07 | -0.08 |
| OPM (%) | 2.33% | -3.40% | -7.62% |
| Other Income (₹ Cr.) | 0.11 | 0.18 | 0.12 |
| Interest (₹ Cr.) | 0.04 | 0.04 | 0.04 |
| Depreciation (₹ Cr.) | 0.03 | 0.03 | 0.03 |
| Profit Before Tax (₹ Cr.) | 0.08 | 0.04 | -0.03 |
| Net Profit (₹ Cr.) | 0.08 | 0.04 | -0.03 |
| EPS (₹) | 0.07 | 0.03 | -0.03 |
About Mukat Pipes
Mukat Pipes is a company that has been in operation since 1987, specializing in the manufacturing of various types of pipes, including longitudinal and helical pipes. Their product range includes M.S. Shell, longitudinal saw pipes, spiral saw pipes, site pipe fabrication, and penstock pipes.
The company is involved in major projects across India, such as the Nalaas Project in Punjab, the Kudgi Project in Karnataka, and the Chhabra Project in Rajasthan. Mukat Pipes focuses on providing high-quality piping solutions for different industrial needs.
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Mukat Pipes Q1 Results- FAQs
1. What is Mukat Pipes' revenue for Q1 2024-2025?
Mukat Pipes' revenue for Q1 2024-2025 is Rs. 116.84 lakhs.
2. What was Mukat Pipes' revenue from operations in Q1 2024-2025?
Mukat Pipes' revenue from operations in Q1 2024-2025 was Rs. 104.87 lakhs.
3. How much did Mukat Pipes earn from other income in Q1 2024-2025?
Mukat Pipes earned Rs. 11.97 lakhs from other income in Q1 2024-2025.
4. What were Mukat Pipes' total expenses in Q1 2024-2025?
Mukat Pipes' total expenses for Q1 2024-2025 were Rs. 119.73 lakhs.
5. What was Mukat Pipes' profit before tax in Q1 2024-2025?
Mukat Pipes reported a loss before tax of Rs. 2.89 lakhs in Q1 2024-2025.
6. Did Mukat Pipes make a profit or a loss in Q1 2024-2025?
Mukat Pipes made a loss of Rs. 2.89 lakhs in Q1 2024-2025.
7. What was Mukat Pipes' EPS for continuing operations in Q1 2024-2025?
Mukat Pipes' EPS for continuing operations in Q1 2024-2025 was Rs. (0.02).
8. How did Mukat Pipes' total revenue in Q1 2024-2025 compare to the previous quarter?
Mukat Pipes' total revenue decreased to Rs. 116.84 lakhs from Rs. 224.05 lakhs in the previous quarter.
9. What was the cost of materials consumed by Mukat Pipes in Q1 2024-2025?
Mukat Pipes' cost of materials consumed in Q1 2024-2025 was Rs. 36.73 lakhs.
10. How much did Mukat Pipes spend on employee benefits in Q1 2024-2025?
Mukat Pipes spent Rs. 24.68 lakhs on employee benefits in Q1 2024-2025.