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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 36.33 % in the past year, substantial increase in net sales/revenue by 43.3 %.
- 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 42.71 %. Marginal increase in other income during this quarter, up by 446.34%.
- Profit over the Year and quarter: Significant improvement in profitability for Indo Thai Securities Limited. Notable increase of 61.59 % in net profit Year to Year, Indo Thai Securities Limited’s profitability increased by 102.9 % in this quarter.
- EPS over the Year and quarter: EPS increased by 61.74 % Year to Year. EPS increased by 102.82 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 6.923 Cr | Rs. 6.586 Cr | Rs. 9.438 Cr | + 43.3 % | + 36.33 % |
| Expenses | Rs. 2.65 Cr | Rs. 2.42 Cr | Rs. 3.38 Cr | + 39.67 % | + 27.55 % |
| Operating Profit | Rs. 4.27 Cr | Rs. 4.17 Cr | Rs. 6.06 Cr | + 45.32 % | + 41.92 % |
| OPM % | 61.68 % | 63.32 % | 64.21 % | + 0.89 % | + 2.53 % |
| Other Income | Rs. 0.199 Cr | Rs. -0.082 Cr | Rs. 0.284 Cr | + 446.34 % | + 42.71 % |
| Interest | Rs. 0.15 Cr | Rs. 0.38 Cr | Rs. 0.28 Cr | -26.32 % | + 86.67 % |
| Depreciation | Rs. 0.12 Cr | Rs. 0.16 Cr | Rs. 0.13 Cr | -18.75 % | + 8.33 % |
| Profit before tax | Rs. 4.2 Cr | Rs. 3.55 Cr | Rs. 5.93 Cr | + 67.04 % | + 41.19 % |
| Tax % | 26.4 % | 30.49 % | 16.02 % | -14.47 % | -10.38 % |
| Net Profit | Rs. 3.11 Cr | Rs. 2.48 Cr | Rs. 5.03 Cr | + 102.82 % | + 61.74 % |
| EPS in Rs | Rs. 3.11 | Rs. 2.48 | Rs. 5.03 | + 102.82 % | + 61.74 % |
Today, we’re looking at Indo Thai Securities 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 36.33 %. However, it did see a marginal increase of 43.3 % from the previous quarter. Expenses ticked up slightly by 39.67 % quarter-on-quarter, aligning with the annual rise of 27.55 %. Operating profit, while up 41.92 % compared to last year, faced a quarter-on-quarter increase of 45.32 %, 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 2.53 %, but an expansion of 0.89 % sequentially. Other income rose by 446.34 % compared to the last quarter, despite an annual growth of 42.71 %. Interest expenses dropped significantly by -26.32 % from the previous quarter, yet the year-over-year increase remains at a moderate 86.67 %. Depreciation costs fell by -18.75 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 8.33 %. Profit before tax grew annually by 41.19 % but saw an increase from the preceding quarter by 67.04 %.
Tax expenses as a percentage of profits decreased slightly by -10.38 % compared to last year, with a more notable quarter-on-quarter decrease of -14.47 %. Net profit rose by 61.74 % year-on-year but experienced a 102.82 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 61.74 % but a quarterly rise of 102.82 %. In summary, Indo Thai Securities 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. 6.923 Cr | Rs. 6.586 Cr | Rs. 9.438 Cr | + 43.3 % | + 36.33 % |
| Expenses | Rs. 2.65 Cr | Rs. 2.42 Cr | Rs. 3.38 Cr | + 39.67 % | + 27.55 % |
| Operating Profit | Rs. 4.27 Cr | Rs. 4.17 Cr | Rs. 6.06 Cr | + 45.32 % | + 41.92 % |
| Net Profit | Rs. 3.11 Cr | Rs. 2.48 Cr | Rs. 5.03 Cr | + 102.82 % | + 61.74 % |
| EPS in Rs | Rs. 3.11 | Rs. 2.48 | Rs. 5.03 | + 102.82 % | + 61.74 % |
In reviewing Indo Thai Securities Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 36.33 % year-on-year growth, however, there was a minor increase of 43.3 % from the previous quarter. Expenses rose by 27.55 % compared to the previous year, with a 39.67 % increase quarter-on-quarter. Operating Profit surged by 41.92 % annually, and saw a 45.32 % increase from the last quarter.
Net Profit showed yearly increase of 61.74 %, and experienced a 102.82 % increase from the previous quarter. Earnings Per Share (EPS) rose by 61.74 % annually, however rose by 102.82 % compared to the last quarter. In essence, while Indo Thai Securities 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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