Mukka Proteins' Q1 FY 2025-26 Quarterly Results

Result Summary

• Mukka Proteins Ltd reported a 33.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 1.2%.
• Its expenses for the quarter were down by 27.3% QoQ and up 0.5% YoY.
• The net profit decreased 94.5% QoQ and decreased 69.8% YoY.
• The earnings per share (EPS) of Mukka Proteins Ltd stood at 0.1 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Mukka Proteins Ltd is a company that operates within the protein and nutritional supplements industry. The company is primarily engaged in the production and sale of fish meal and fish oil, which are critical components used in aquaculture and animal feed. These products contribute significantly to the aquaculture industry's supply chain by providing essential nutrients. As of October 2023, there is no specific information available regarding any recent major developments concerning Mukka Proteins Ltd. The company's operations are largely influenced by trends in the aquaculture sector, changes in consumer preferences toward nutritional supplements, and regulatory conditions affecting the fishing and agricultural industries.

Revenue

In the first quarter of the fiscal year 2026 (Q1FY26), Mukka Proteins Ltd reported a total income of ₹173.33 crores. This reflects a decrease of 33.3% compared to the previous quarter (Q4FY25), where total income was ₹259.97 crores. Year-over-year, there was a slight decrease of 1.2% from Q1FY25, where the total income was ₹175.35 crores. These figures indicate a noticeable decline in quarterly revenue, while the annual comparison shows relatively stable revenue performance over the year. This data highlights the company's ability to maintain a steady annual revenue level despite experiencing fluctuations in quarterly performance.

Profitability

For Q1FY26, Mukka Proteins Ltd's profit before tax (PBT) stood at ₹2.81 crores, a steep decline of 89.0% from the previous quarter's ₹25.50 crores. On a year-over-year basis, PBT decreased by 50.9% from ₹5.72 crores in Q1FY25. After accounting for taxes, which amounted to ₹0.77 crores in Q1FY26, the profit after tax (PAT) was ₹1.59 crores. This represents a significant decrease of 94.5% quarter-over-quarter from Q4FY25's ₹29.15 crores and a 69.8% decrease year-over-year from Q1FY25's ₹5.26 crores. Earnings per share (EPS) for Q1FY26 remained constant at ₹0.10 when compared year-over-year but dropped 91.7% from the previous quarter's ₹1.20. These metrics show a significant reduction in profitability, both quarterly and annually.

Operating Metrics

The total expenses for Mukka Proteins Ltd in Q1FY26 were ₹170.52 crores, marking a decrease of 27.3% compared to the previous quarter's expenses of ₹234.48 crores. Compared to the same quarter last year (Q1FY25), there was a slight increase of 0.5% from ₹169.63 crores. This indicates a reduction in expenses over the quarter while maintaining a consistent level on an annual basis. The tax expense for Q1FY26 was ₹0.77 crores, showing a significant increase of 175.0% year-over-year from ₹0.28 crores in Q1FY25. However, compared to Q4FY25, where there was a tax credit of ₹2.20 crores, the increase is notably sharp. These operating metrics indicate a reduction in operating expenses while highlighting changes in tax obligations over the periods analyzed.