Share the post "Tamil Nadu Newsprint & Papers announced Financial Results Q1 2024-25"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -11.39 % over the year, decrease in net sales/revenue by -9.12 %.
- 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 2.04 %. Marginal decrease of -43.6% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Tamil Nadu Newsprint & Papers Limited. Profit dropped by -82.97 % Year to Year, Tamil Nadu Newsprint & Papers Limited’s profitability dropped by -33.59 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -82.95 % Year to Year. EPS decreased by -33.54 % in previous quarter. Analysis needed for shareholder value.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 1262.65 Cr | Rs. 1231.14 Cr | Rs. 1118.84 Cr | -9.12 % | -11.39 % |
Expenses | Rs. 948.6 Cr | Rs. 1069.21 Cr | Rs. 968.75 Cr | -9.4 % | + 2.12 % |
Operating Profit | Rs. 314.05 Cr | Rs. 161.93 Cr | Rs. 150.09 Cr | -7.31 % | -52.21 % |
OPM % | 24.87 % | 13.15 % | 13.41 % | + 0.26 % | -11.46 % |
Other Income | Rs. 10.79 Cr | Rs. 19.52 Cr | Rs. 11.01 Cr | -43.6 % | + 2.04 % |
Interest | Rs. 54.94 Cr | Rs. 53.41 Cr | Rs. 52.55 Cr | -1.61 % | -4.35 % |
Depreciation | Rs. 69.66 Cr | Rs. 74.65 Cr | Rs. 74.49 Cr | -0.21 % | + 6.93 % |
Profit before tax | Rs. 200.24 Cr | Rs. 53.39 Cr | Rs. 34.06 Cr | -36.21 % | -82.99 % |
Tax % | 35.75 % | 38.21 % | 35.67 % | -2.54 % | -0.08 % |
Net Profit | Rs. 128.66 Cr | Rs. 32.99 Cr | Rs. 21.91 Cr | -33.59 % | -82.97 % |
EPS in Rs | Rs. 18.59 | Rs. 4.77 | Rs. 3.17 | -33.54 % | -82.95 % |
Today, we’re looking at Tamil Nadu Newsprint & Papers Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -11.39 %. However, it did see a marginal slip of -9.12 % from the previous quarter. Expenses decreased slightly by -9.4 % quarter-on-quarter, aligning with the annual rise of 2.12 %. Operating profit, while down -52.21 % compared to last year, faced a quarter-on-quarter dip of -7.31 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -11.46 %, but an expansion of 0.26 % sequentially. Other income fell by -43.6 % compared to the last quarter, despite an annual growth of 2.04 %. Interest expenses dropped significantly by -1.61 % from the previous quarter, yet the year-over-year decrease remains at a moderate -4.35 %. Depreciation costs fell by -0.21 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 6.93 %. Profit before tax declined annually by -82.99 % but saw a reduction from the preceding quarter by -36.21 %.
Tax expenses as a percentage of profits decreased slightly by -0.08 % compared to last year, with a more notable quarter-on-quarter decrease of -2.54 %. Net profit fell by -82.97 % year-on-year but witnessed a -33.59 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -82.95 % but a quarterly fall of -33.54 %. In summary, Tamil Nadu Newsprint & Papers 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. 1262.65 Cr | Rs. 1231.14 Cr | Rs. 1118.84 Cr | -9.12 % | -11.39 % |
Expenses | Rs. 948.6 Cr | Rs. 1069.21 Cr | Rs. 968.75 Cr | -9.4 % | + 2.12 % |
Operating Profit | Rs. 314.05 Cr | Rs. 161.93 Cr | Rs. 150.09 Cr | -7.31 % | -52.21 % |
Net Profit | Rs. 128.66 Cr | Rs. 32.99 Cr | Rs. 21.91 Cr | -33.59 % | -82.97 % |
EPS in Rs | Rs. 18.59 | Rs. 4.77 | Rs. 3.17 | -33.54 % | -82.95 % |
In reviewing Tamil Nadu Newsprint & Papers Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -11.39 % year-on-year, although there was a slight dip of -9.12 % from the previous quarter. Expenses rose by 2.12 % compared to the previous year, with a decrease of -9.4 % quarter-on-quarter. Operating Profit dropped by -52.21 % annually, and saw a -7.31 % decrease from the last quarter.
Net Profit showed yearly decrease of -82.97 %, and experienced a -33.59 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -82.95 % annually, however dipped by -33.54 % compared to the last quarter. In essence, while Tamil Nadu Newsprint & Papers Limited 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.