Share the post "TANFAC Industries 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 -10.21 % over the year, decrease in net sales/revenue by -7.26 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -48.05 %, Marginal decrease of -36.68% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for TANFAC Industries Ltd.,. Profit dropped by -38.59 % Year to Year, TANFAC Industries Ltd.,’s profitability dropped by -10.86 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -38.61 % Year to Year. EPS decreased by -10.87 % 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. 106.184 Cr | Rs. 102.805 Cr | Rs. 95.345 Cr | -7.26 % | -10.21 % |
Expenses | Rs. 82.04 Cr | Rs. 86.46 Cr | Rs. 79.71 Cr | -7.81 % | -2.84 % |
Operating Profit | Rs. 24.14 Cr | Rs. 16.35 Cr | Rs. 15.64 Cr | -4.34 % | -35.21 % |
OPM % | 22.73 % | 15.9 % | 16.4 % | + 0.5 % | -6.33 % |
Other Income | Rs. 2.512 Cr | Rs. 2.061 Cr | Rs. 1.305 Cr | -36.68 % | -48.05 % |
Interest | Rs. 0.23 Cr | Rs. 0.17 Cr | Rs. 0.12 Cr | -29.41 % | -47.83 % |
Depreciation | Rs. 1.67 Cr | Rs. 1.83 Cr | Rs. 1.68 Cr | -8.2 % | + 0.6 % |
Profit before tax | Rs. 24.75 Cr | Rs. 16.41 Cr | Rs. 15.15 Cr | -7.68 % | -38.79 % |
Tax % | 25.69 % | 22.8 % | 25.4 % | + 2.6 % | -0.29 % |
Net Profit | Rs. 18.39 Cr | Rs. 12.67 Cr | Rs. 11.29 Cr | -10.89 % | -38.61 % |
EPS in Rs | Rs. 18.44 | Rs. 12.7 | Rs. 11.32 | -10.87 % | -38.61 % |
Today, we’re looking at TANFAC Industries Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -10.21 %. However, it did see a marginal slip of -7.26 % from the previous quarter. Expenses decreased slightly by -7.81 % quarter-on-quarter, aligning with the annual decline of -2.84 %. Operating profit, while down -35.21 % compared to last year, faced a quarter-on-quarter dip of -4.34 %, 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 -6.33 %, but an expansion of 0.5 % sequentially. Other income fell by -36.68 % compared to the last quarter, despite an annual decline of -48.05 %. Interest expenses dropped significantly by -29.41 % from the previous quarter, yet the year-over-year decrease remains at a moderate -47.83 %. Depreciation costs fell by -8.2 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0.6 %. Profit before tax declined annually by -38.79 % but saw a reduction from the preceding quarter by -7.68 %.
Tax expenses as a percentage of profits decreased slightly by -0.29 % compared to last year, with a more notable quarter-on-quarter increase of 2.6 %. Net profit fell by -38.61 % year-on-year but witnessed a -10.89 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -38.61 % but a quarterly fall of -10.87 %. In summary, TANFAC 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. 106.184 Cr | Rs. 102.805 Cr | Rs. 95.345 Cr | -7.26 % | -10.21 % |
Expenses | Rs. 82.04 Cr | Rs. 86.46 Cr | Rs. 79.71 Cr | -7.81 % | -2.84 % |
Operating Profit | Rs. 24.14 Cr | Rs. 16.35 Cr | Rs. 15.64 Cr | -4.34 % | -35.21 % |
Net Profit | Rs. 18.39 Cr | Rs. 12.67 Cr | Rs. 11.29 Cr | -10.89 % | -38.61 % |
EPS in Rs | Rs. 18.44 | Rs. 12.7 | Rs. 11.32 | -10.87 % | -38.61 % |
In reviewing TANFAC Industries Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -10.21 % year-on-year, although there was a slight dip of -7.26 % from the previous quarter. Expenses decreased by -2.84 % compared to the previous year, with a decrease of -7.81 % quarter-on-quarter. Operating Profit dropped by -35.21 % annually, and saw a -4.34 % decrease from the last quarter.
Net Profit showed yearly decrease of -38.61 %, and experienced a -10.89 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -38.61 % annually, however dipped by -10.87 % compared to the last quarter. In essence, while TANFAC Industries Ltd., faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.