Monotype India Q1 Results Revenue ₹2.68 Crores Operating Income ₹2.24 Crores & Net Income ₹2.06 Crores

Monotype India Q1 Results: In Monotype India’s Q1 financial results, several key points stand out. The company’s total revenue for June 2024 was ₹2.68 crores, which is a big jump from ₹0.77 crores in March 2024, showing a 10.08% increase. This is a remarkable rise compared to just ₹0.01 crores in June 2023, reflecting a massive growth of over 22,000%. Selling, general, and administrative expenses remained almost unchanged at ₹0.01 crores, as did depreciation/amortization, which dropped to ₹0.00 crores, down by 75% from the previous quarter.

Monotype India’s other operating expenses increased to ₹0.10 crores, reversing a previous negative figure, but still saw a small increase of 3.70% from last year. The total operating expense fell by 81.70% from March 2024 and rose by 370.73% from June 2023, highlighting a significant improvement in operational efficiency.

Monotype India’s operating income improved to ₹2.24 crores, a notable recovery from a loss of ₹0.39 crores in the previous quarter. However, net income before taxes and net income were both ₹2.06 crores, down 65.26% from the same period last year. Diluted normalized EPS increased slightly by 2.77% from the last quarter but decreased by 62.50% compared to last year. Overall, the company made strong progress in revenue and operational income, but net income did not perform as well year-over-year.

Here’s a simplified summary of Monotype India’s Q1 financial results:

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Monotype India Q1 Results

Here's a simplified summary of the Statement of Un-audited Financial Results for the first quarter ended 30th June, 2024:

Monotype India’s financial statement for the first quarter ending on June 30, 2024, provides a snapshot of its performance. The company earned a total income of Rs. 268.43 lakhs in this period, which includes revenue from operations and other operating income. This is a decrease compared to the same period last year, when the total income was Rs. 601.53 lakhs. The main source of income was Rs. 268.13 lakhs from operations, while other operating income was Rs. 0.30 lakhs.

Monotype India’s expenses amounted to Rs. 62.87 lakhs for this quarter. The major expense was Rs. 649.82 lakhs for stock purchases, but this figure does not appear for the previous quarter. Other expenses include finance costs, depreciation, and various operational costs.

Monotype India reported a profit before tax of Rs. 205.57 lakhs, which is similar to the previous quarter’s profit. The profit after accounting for taxes was Rs. 205.57 lakhs, showing stable earnings despite a decrease in total income.

Monotype India’s earnings per share were Rs. 0.03, consistent with the previous quarter. The paid-up equity share capital remained at Rs. 7,031.22 lakhs, unchanged from before.

Monotype India Stock Metrics 

Monotype India’s financial table provides key information about the company's stock. The Market Cap of ₹73.1 crore shows the total value of all its shares. The Current Price is ₹1.04 per share. The High / Low prices range from ₹1.12 (highest) to ₹0.25 (lowest). The Stock P/E ratio is 13.5, indicating how much investors are willing to pay for each rupee of earnings. 

Here's a summary of the financial information you provided:

Quarterly Results 

For Monotype India, the quarterly financial results show significant improvement over the recent periods. In December 2023, sales were zero, and expenses were minimal at Rs. 0.05 crore, leading to a small operating loss of Rs. 0.05 crore. By March 2024, sales increased to Rs. 2.44 crores, and expenses rose to Rs. 0.24 crore, but the company managed a positive operating profit of Rs. 2.20 crores.

Here's a summary of the quarterly financial results for December 2023, March 2024, and June 2024:

About Monotype India

Monotype India is a company that specializes in fonts and typefaces used in digital and print media. They provide a wide range of font styles for various uses, such as in websites, apps, and printed materials. Monotype India focuses on offering high-quality and innovative type solutions to help businesses and individuals create visually appealing and effective communication.

Their services include font design, licensing, and technology to support diverse design needs. By offering a variety of fonts and type solutions, Monotype India aims to enhance the way text is presented and experienced in different media.