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Tai Industries : Q4 2024 Financial Quarterly Report : YoY Sales Down 53.11 %, QoQ Up 29.34 %

July 1, 2024July 1, 2024| adminadmin| 0 Comments| 4:15 pm
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -53.11 % over the year, substantial increase in net sales/revenue by 29.34 %.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 33.33 %. Marginal increase in other income during this quarter, up by 6.67%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Tai Industries Ltd.. Profit dropped by -3.63 % Year to Year, Tai Industries Ltd.’s profitability increased by 577.66 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 92.73 % Year to Year. EPS increased by 1225 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Tai Industries Ltd.”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 72.363 Cr Rs. 26.236 Cr Rs. 33.934 Cr + 29.34 % -53.11 %
Expenses Rs. 71.82 Cr Rs. 26.33 Cr Rs. 34.01 Cr + 29.17 % -52.65 %
Operating Profit Rs. 0.54 Cr Rs. -0.09 Cr Rs. -0.08 Cr + 11.11 % -114.81 %
OPM % 0.75 % -0.34 % -0.24 % + 0.1 % -0.99 %
Other Income Rs. 0.24 Cr Rs. 0.3 Cr Rs. 0.32 Cr + 6.67 % + 33.33 %
Interest Rs. 0 Cr Rs. 0.02 Cr Rs. 0.04 Cr + 100 % 0 %
Depreciation Rs. 0.08 Cr Rs. 0.1 Cr Rs. 0.11 Cr + 10 % + 37.5 %
Profit before tax Rs. 0.7 Cr Rs. 0.09 Cr Rs. 0.09 Cr + 0 % -87.14 %
Tax % 6.64 % 0 % 633.33 % + 633.33 % + 626.69 %
Net Profit Rs. 0.66 Cr Rs. 0.09 Cr Rs. 0.64 Cr + 611.11 % -3.03 %
EPS in Rs Rs. 1.1 Rs. 0.16 Rs. 2.12 + 1225 % + 92.73 %


Today, we’re looking at Tai Industries Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -53.11 %. However, it did see a marginal increase of 29.34 % from the previous quarter. Expenses ticked up slightly by 29.17 % quarter-on-quarter, aligning with the annual decline of -52.65 %. Operating profit, while down -114.81 % compared to last year, faced a quarter-on-quarter increase of 11.11 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.99 %, but an expansion of 0.1 % sequentially. Other income rose by 6.67 % compared to the last quarter, despite an annual growth of 33.33 %. Interest expenses surged remarkably by 100 % from the previous quarter, Depreciation costs climbed by 10 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 37.5 %. Profit before tax declined annually by -87.14 % but saw an increase from the preceding quarter by 0 %.
Tax expenses as a percentage of profits increased slightly by 626.69 % compared to last year, with a more notable quarter-on-quarter increase of 633.33 %. Net profit fell by -3.03 % year-on-year but experienced a 611.11 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 92.73 % but a quarterly rise of 1225 %. In summary, Tai Industries Ltd.’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. 72.363 Cr Rs. 26.236 Cr Rs. 33.934 Cr + 29.34 % -53.11 %
Expenses Rs. 71.82 Cr Rs. 26.33 Cr Rs. 34.01 Cr + 29.17 % -52.65 %
Operating Profit Rs. 0.54 Cr Rs. -0.09 Cr Rs. -0.08 Cr + 11.11 % -114.81 %
Net Profit Rs. 0.66 Cr Rs. 0.09 Cr Rs. 0.64 Cr + 611.11 % -3.03 %
EPS in Rs Rs. 1.1 Rs. 0.16 Rs. 2.12 + 1225 % + 92.73 %


In reviewing Tai Industries Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -53.11 % year-on-year, however, there was a minor increase of 29.34 % from the previous quarter. Expenses decreased by -52.65 % compared to the previous year, with a 29.17 % increase quarter-on-quarter. Operating Profit dropped by -114.81 % annually, and saw a 11.11 % increase from the last quarter.
Net Profit showed yearly decrease of -3.03 %, and experienced a 611.11 % increase from the previous quarter. Earnings Per Share (EPS) rose by 92.73 % annually, however rose by 1225 % compared to the last quarter. In essence, while Tai Industries Ltd. faces strong annual decline 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.

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