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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 84.81 % in the past year, substantial increase in net sales/revenue by 9.89 %.
- Income over the Year and quarter:
- Profit over the Year and quarter: Significant improvement in profitability for TITAN INTECH LIMITED. Notable increase of 262.48 % in net profit Year to Year, TITAN INTECH LIMITED’s profitability increased by 12.4 % in this quarter.
- EPS over the Year and quarter: EPS increased by 60.19 % Year to Year. EPS increased by 7.14 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 7.293 Cr | Rs. 12.265 Cr | Rs. 13.478 Cr | + 9.89 % | + 84.81 % |
Expenses | Rs. 5.9 Cr | Rs. 9.52 Cr | Rs. 10.1 Cr | + 6.09 % | + 71.19 % |
Operating Profit | Rs. 1.39 Cr | Rs. 2.75 Cr | Rs. 3.38 Cr | + 22.91 % | + 143.17 % |
OPM % | 19.06 % | 22.42 % | 25.08 % | + 2.66 % | + 6.02 % |
Other Income | Rs. 0.01 Cr | Rs. -0 Cr | Rs. -0 Cr | 0 % | 0 % |
Interest | Rs. 0.01 Cr | Rs. 0 Cr | Rs. 0.03 Cr | 0 % | + 200 % |
Depreciation | Rs. 0.77 Cr | Rs. 0.75 Cr | Rs. 1.11 Cr | + 48 % | + 44.16 % |
Profit before tax | Rs. 0.62 Cr | Rs. 2 Cr | Rs. 2.24 Cr | + 12 % | + 261.29 % |
Tax % | 15.07 % | 15.01 % | 15.01 % | + 0 % | -0.06 % |
Net Profit | Rs. 0.53 Cr | Rs. 1.69 Cr | Rs. 1.9 Cr | + 12.43 % | + 258.49 % |
EPS in Rs | Rs. 1.03 | Rs. 1.54 | Rs. 1.65 | + 7.14 % | + 60.19 % |
Today, we’re looking at TITAN INTECH LIMITED’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 84.81 %. However, it did see a marginal increase of 9.89 % from the previous quarter. Expenses ticked up slightly by 6.09 % quarter-on-quarter, aligning with the annual rise of 71.19 %. Operating profit, while up 143.17 % compared to last year, faced a quarter-on-quarter increase of 22.91 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 6.02 %, but an expansion of 2.66 % sequentially. yet the year-over-year increase remains at a moderate 200 %. Depreciation costs climbed by 48 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 44.16 %. Profit before tax grew annually by 261.29 % but saw an increase from the preceding quarter by 12 %.
Tax expenses as a percentage of profits decreased slightly by -0.06 % compared to last year, with a more notable quarter-on-quarter increase of 0 %. Net profit rose by 258.49 % year-on-year but experienced a 12.43 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 60.19 % but a quarterly rise of 7.14 %. In summary, TITAN INTECH LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 7.293 Cr | Rs. 12.265 Cr | Rs. 13.478 Cr | + 9.89 % | + 84.81 % |
Expenses | Rs. 5.9 Cr | Rs. 9.52 Cr | Rs. 10.1 Cr | + 6.09 % | + 71.19 % |
Operating Profit | Rs. 1.39 Cr | Rs. 2.75 Cr | Rs. 3.38 Cr | + 22.91 % | + 143.17 % |
Net Profit | Rs. 0.53 Cr | Rs. 1.69 Cr | Rs. 1.9 Cr | + 12.43 % | + 258.49 % |
EPS in Rs | Rs. 1.03 | Rs. 1.54 | Rs. 1.65 | + 7.14 % | + 60.19 % |
In reviewing TITAN INTECH LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 84.81 % year-on-year growth, however, there was a minor increase of 9.89 % from the previous quarter. Expenses rose by 71.19 % compared to the previous year, with a 6.09 % increase quarter-on-quarter. Operating Profit surged by 143.17 % annually, and saw a 22.91 % increase from the last quarter.
Net Profit showed yearly increase of 258.49 %, and experienced a 12.43 % increase from the previous quarter. Earnings Per Share (EPS) rose by 60.19 % annually, however rose by 7.14 % compared to the last quarter. In essence, while TITAN INTECH LIMITED exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.