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- Maha Rashtra Apex Corporation Q1 Results Profit Rise to ₹1,202.56 Lakhs and Revenue Increase to ₹53.33 Lakhs
Maha Rashtra Apex Corporation Q1 Results Profit Rise to ₹1,202.56 Lakhs and Revenue Increase to ₹53.33 Lakhs
Maha Rashtra Apex Corporation Q1 Results: Revenue up 12.3% YoY to ₹53.33 lakhs and EPS up 3,259.3% YoY to ₹8.53 Maha Rashtra Apex Corporation Q1 Results also show a 24.5% QoQ drop in total income with a profit before tax of ₹1,202.56 lakhs.
by P Nandhini
Updated Aug 28, 2024
Table of Content
Maha Rashtra Apex Corporation Q1 Results: Maha Rashtra Apex Corporation disclosed their Q1 results for the financial year 2024-2025 on August 13, 2024. The company achieved revenue from operations of ₹53.33 lakhs, reflecting a 12.3% increase from ₹47.53 lakhs in the same quarter last year.
Despite this revenue growth, the total income decreased by 24.5% from ₹88.44 lakhs in the previous quarter to ₹66.60 lakhs this quarter. However, the company reported a robust profit before tax of ₹1,202.56 lakhs, demonstrating strong financial performance.
The profit after tax was also ₹1,202.56 lakhs, indicating consistent profitability. The total comprehensive income for the period was ₹1,203.64 lakhs, including adjustments for other comprehensive income. Earnings per share for the quarter were ₹8.53, reflecting a solid and stable performance despite the revenue and income fluctuations.
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Maha Rashtra Apex Corporation Q1 Results 2024 - 2025
Here is a summary of Maha Rashtra Apex Corporation's Q1 results for the financial year 2024-2025:
The company reported a revenue increase and strong profitability despite some fluctuations in total income. The following table provides a detailed overview of their financial performance for the quarter ended June 30, 2024:
| Particulars | Q1 2024-2025 | Q1 2023-2024 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹53.33 lakhs | ₹47.53 lakhs | +12.3% |
| Total Income | ₹66.60 lakhs | ₹88.44 lakhs | -24.5% |
| Employee Benefits Expense | ₹67.80 lakhs | ₹50.38 lakhs | +34.7% |
| Finance Costs | ₹0.62 lakhs | ₹0.24 lakhs | +158.3% |
| Profit Before Tax | ₹1,202.56 lakhs | ₹43.08 lakhs | +2797.8% |
| Profit After Tax | ₹1,202.56 lakhs | ₹38.20 lakhs | +3,048.1% |
| Total Comprehensive Income | ₹1,203.64 lakhs | ₹37.10 lakhs | +3,145.0% |
| Earnings Per Share | ₹8.53 | ₹0.27 | +3,259.3% |
Source: Here
Maha Rashtra Apex Corporation Current Market Overview
Maha Rashtra Apex Corporation is currently trading at ₹186 per share, showing a slight decrease of 0.24%. The company's market capitalization stands at ₹263 crore. Its stock has reached a high of ₹218 and a low of ₹105 in recent times.
With a Price-to-Earnings (P/E) ratio of 0.73, the stock appears undervalued. The company's book value is ₹326 per share, and it does not currently offer a dividend. Maha Rashtra Apex Corporation has impressive returns, with a Return on Capital Employed (ROCE) and Return on Equity (ROE) both at 120%. The stock's face value is ₹10.
| Metric | Value |
|---|---|
| Current Price | ₹186 |
| Market Capitalization | ₹263 Cr. |
| High / Low | ₹218 / ₹105 |
| Stock P/E | 0.73 |
| Book Value | ₹326 |
| Dividend Yield | 0.00% |
| ROCE | 120% |
| ROE | 120% |
| Face Value | ₹10.0 |
| BSE Code | 523384 |
| NSE Code | MAHAPEXLTD |
Quarterly Results
The table below highlights the key financial metrics for these recent quarters, showing significant fluctuations in operating profit and earnings per share.
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales | 1 | 7 | 1 |
| Expenses | 91 | 1 | 1 |
| Operating Profit | -90 | 6 | -0 |
| Operating Profit Margin (OPM %) | -14,314% | 82% | -91% |
| Other Income | 0 | 429 | 13 |
| Interest | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 |
| Profit Before Tax | -90 | 434 | 12 |
| Tax % | 0% | 0% | 0% |
| Net Profit | -90 | 433 | 12 |
| Earnings Per Share (EPS ₹) | -63.39 | 306.22 | 8.50 |
About Maha Rashtra Apex Corporation
Maha Rashtra Apex Corporation is a long-established financial company originally incorporated as Maharashtra Apex Bank in 1943. Founded by Upendra Anantha Pai, who also founded Syndicate Bank, the company transitioned from a banking institution to a hire purchase business in 1955.
It has since expanded its services to include leasing, hire purchase, and bill discounting. Known for its historical significance in the financial sector, Maha Rashtra Apex Corporation has evolved over the decades and continues to offer a range of financial services while adapting to changing market conditions.
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Maha Rashtra Apex Corporation Q1 Results - FAQs
1. What was the revenue from operations for Maha Rashtra Apex Corporation in Q1 2024-2025?
The revenue from operations was ₹53.33 lakhs.
2. How much did Maha Rashtra Apex Corporation's revenue increase compare to Q1 2023-2024?
The revenue increased by 12.3%.
3. What was the total income for Maha Rashtra Apex Corporation in Q1 2024-2025?
The total income was ₹66.60 lakhs.
4. How did Maha Rashtra Apex Corporation's total income in Q1 2024-2025 compare to the previous quarter?
The total income decreased by 24.5%.
5. What was the profit before tax for Maha Rashtra Apex Corporation in Q1 2024-2025?
The profit before tax was ₹1,202.56 lakhs.
6. Was there a change in profit after tax for Maha Rashtra Apex Corporation in Q1 2024-2025?
Yes, the profit after tax was ₹1,202.56 lakhs.
7. What were the employee benefits expenses for Maha Rashtra Apex Corporation in Q1 2024-2025?
The employee benefits expenses were ₹67.80 lakhs.
8. What was the profit before tax for Maha Rashtra Apex Corporation in Q1 2023-2024?
The profit before tax was ₹43.08 lakhs.
9. What was the profit after tax for Maha Rashtra Apex Corporation in Q1 2023-2024?
The profit after tax was ₹38.20 lakhs.