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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 5.35 % in the past year, substantial increase in net sales/revenue by 2.3 %.
- Profit over the Year and quarter: Significant improvement in profitability for Times Guaranty Limited. Notable increase of 12.3 % in net profit Year to Year, Times Guaranty Limited’s profitability increased by 44.3 % in this quarter.
- EPS over the Year and quarter: EPS increased by 12.73 % Year to Year. EPS increased by 51.22 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.803 Cr | Rs. 0.827 Cr | Rs. 0.846 Cr | + 2.3 % | + 5.35 % |
| Expenses | Rs. 0.19 Cr | Rs. 0.28 Cr | Rs. 0.18 Cr | -35.71 % | -5.26 % |
| Operating Profit | Rs. 0.61 Cr | Rs. 0.55 Cr | Rs. 0.67 Cr | + 21.82 % | + 9.84 % |
| OPM % | 75.97 % | 66.51 % | 79.2 % | + 12.69 % | + 3.23 % |
| Other Income | Rs. 0 Cr | Rs. 0.001 Cr | Rs. 0 Cr | 0 % | 0 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. 0.61 Cr | Rs. 0.55 Cr | Rs. 0.67 Cr | + 21.82 % | + 9.84 % |
| Tax % | 19.09 % | 29.1 % | 16.74 % | -12.36 % | -2.35 % |
| Net Profit | Rs. 0.5 Cr | Rs. 0.39 Cr | Rs. 0.56 Cr | + 43.59 % | + 12 % |
| EPS in Rs | Rs. 0.55 | Rs. 0.41 | Rs. 0.62 | + 51.22 % | + 12.73 % |
Today, we’re looking at Times Guaranty Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 5.35 %. However, it did see a marginal increase of 2.3 % from the previous quarter. Expenses decreased slightly by -35.71 % quarter-on-quarter, aligning with the annual decline of -5.26 %. Operating profit, while up 9.84 % compared to last year, faced a quarter-on-quarter increase of 21.82 %, 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 3.23 %, but an expansion of 12.69 % sequentially. Profit before tax grew annually by 9.84 % but saw an increase from the preceding quarter by 21.82 %.
Tax expenses as a percentage of profits decreased slightly by -2.35 % compared to last year, with a more notable quarter-on-quarter decrease of -12.36 %. Net profit rose by 12 % year-on-year but experienced a 43.59 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 12.73 % but a quarterly rise of 51.22 %. In summary, Times Guaranty 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. 0.803 Cr | Rs. 0.827 Cr | Rs. 0.846 Cr | + 2.3 % | + 5.35 % |
| Expenses | Rs. 0.19 Cr | Rs. 0.28 Cr | Rs. 0.18 Cr | -35.71 % | -5.26 % |
| Operating Profit | Rs. 0.61 Cr | Rs. 0.55 Cr | Rs. 0.67 Cr | + 21.82 % | + 9.84 % |
| Net Profit | Rs. 0.5 Cr | Rs. 0.39 Cr | Rs. 0.56 Cr | + 43.59 % | + 12 % |
| EPS in Rs | Rs. 0.55 | Rs. 0.41 | Rs. 0.62 | + 51.22 % | + 12.73 % |
In reviewing Times Guaranty Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.35 % year-on-year growth, however, there was a minor increase of 2.3 % from the previous quarter. Expenses decreased by -5.26 % compared to the previous year, with a decrease of -35.71 % quarter-on-quarter. Operating Profit surged by 9.84 % annually, and saw a 21.82 % increase from the last quarter.
Net Profit showed yearly increase of 12 %, and experienced a 43.59 % increase from the previous quarter. Earnings Per Share (EPS) rose by 12.73 % annually, however rose by 51.22 % compared to the last quarter. In essence, while Times Guaranty 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.
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