Macfos Q1 Results Revenue Up 119.8% YoY & Down 38.95% QoQ

Macfos Q1 Results: Macfos' financial performance in the first quarter of June 2024 shows a noticeable decline compared to the previous quarter in March 2023. Their total revenue dropped from ₹80.17 crore to ₹56.82 crore, which is a significant decrease of 38.95%. This means that Macfos earned much less money in the recent quarter. 

Macfos’ expenses for selling, general, and administrative tasks also fell dramatically from ₹10.83 crore to ₹1.90 crore, reducing by 82.45%. This indicates that the company spent far less on these operations. Depreciation and amortization, which represent the cost of using assets over time, also decreased by 66.67%, from ₹0.45 crore to ₹0.15 crore.

Macfos’ Operating income, which is the profit made from regular business activities, dropped by 50.43%, going from ₹10.43 crore to ₹5.17 crore. This shows that the company’s core business became less profitable. Additionally, the net income before taxes decreased by 46.87%, from ₹10.05 crore to ₹5.34 crore, meaning the overall profit before taxes was much lower. 

Macfos’ net income, which is the profit after taxes, also fell from ₹7.41 crore to ₹4.01 crore, a decrease of 45.87%. Lastly, the diluted normalized earnings per share (EPS) dropped by 48.15%, indicating that the returns for shareholders were significantly lower in this quarter. Overall, the financial results reflect a challenging quarter for Macfos with declining revenue and profits.

Here’s a summary of Macfos Q1 financial results for June 2024 compared to March 2023, presented in very simple English:

Source: Here 

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Macfos Q1 Results

For the quarter ending on June 30, 2024, Macfos earned Rs. 5,682.34 from its main business activities, which is more than double the Rs. 2,594.31 earned in the same quarter the previous year. Additionally, it earned Rs. 49.90 from other sources, bringing the total income to Rs. 5,732.24 for the quarter. In comparison, the total income for the quarter ending in June 2023 was Rs. 2,623.70.

Macfos had several expenses, including costs related to materials, employee benefits, and other operational costs. The total expenses for the quarter ending in June 2024 were Rs. 5,198.02, which is higher than the Rs. 2,377.00 in the previous year’s same quarter. Despite these expenses, the company made a profit before tax of Rs. 534.23 for this quarter, compared to Rs. 246.70 in the same quarter of the previous year.

Macfos after paying taxes, their profit for the quarter ending on June 30, 2024, was Rs. 400.82, which is more than double the Rs. 182.16 profit from the previous year’s quarter. The earnings per share, a measure of profit for each share, also improved, showing that the company performed well over the period.

Here's a simple breakdown of the financial results for the given periods:

Macfos Stock Metrics

The table shows important financial details about Macfos, a company with a market capitalization of ₹796 crore. The current price of each share is ₹845, with the highest price reaching ₹916 and the lowest ₹277. The stock's Price-to-Earnings (P/E) ratio is 60.9, meaning investors pay ₹60.9 for every rupee the company earns. 

Here's the information: