Mohan Meakin, a renowned name in the industry, has recently unveiled its Q1FY24 results. Let's delve deeper into the numbers and uncover the story they tell. 1. Sales: The company reported sales of 305 Cr in Q1FY24, a decrease from 344 Cr in Q1FY23. This represents a reduction of roughly 11.3%. 2. Cost of Material Consumed: There has been a significant reduction in the cost of materials consumed, down from 54 Cr in Q1FY23 to 39 Cr in Q1FY24, which indicates improved cost management. 3. Purchase of Stock: Mohan Meakin increased its stock purchases to 154 Cr in Q1FY24 from 119 Cr in Q1FY23, marking an increase of 29.4%. This could be a sign of anticipation of higher sales in the upcoming quarters or better deals from suppliers. 4. Excise Duty: A significant drop in excise duty from 132 Cr in Q1FY23 to 73 Cr in Q1FY24 can be seen, which either indicates regulatory changes or a decrease in sales volume in categories with high excise duties. 5. Operating Profit Margin (OPM): The OPM increased from 2.03% in Q1FY23 to 3.93% in Q1FY24. This upward shift of almost 2% points towards better operational efficiency. 6. Profit After Tax (PAT): The company's PAT witnessed a commendable increase, moving from 4 Cr in Q1FY23 to 9 Cr in Q1FY24. 7. Net Profit Margin (NPM): The NPM also saw an upward trend, increasing from 1.16% in Q1FY23 to 2.93% in Q1FY24. This indicates that the company has been able to retain a larger portion of its revenue as profit. 8. Earnings Per Share (EPS): Shareholders would be pleased to see the EPS almost doubling from 6.00 in Q1FY23 to 11.00 in Q1FY24. Conclusion Mohan Meakin's Q1FY24 results portray a tale of resilience and strategic growth. Despite a dip in sales, the company has managed to improve its operational efficiency, resulting in better profit margins. The sharp increase in EPS is a testament to the management's commitment to delivering value to its shareholders. The road ahead looks promising for Mohan Meakin. It will be interesting to see how the company capitalizes on these results in the upcoming quarters. Disclaimer: This blog is for informational purposes only and should not be considered as financial advice. Investors are advised to do their own research or consult with a financial advisor before making any investment decisions. https://unlistedzone.com/shares/mohan-meakin-limited-share-price-buy-sell-mohan-meakin-unlisted-shares/