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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’s sales declined by -8.74 % over the year, substantial increase in net sales/revenue by 3.01 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -40.13 %, Marginal decrease of -88.8% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for TGV SRAAC LIMITED. Profit dropped by -30.58 % Year to Year, TGV SRAAC LIMITED’s profitability increased by 91.21 % in this quarter.
- EPS over the Year and quarter: EPS declined by -30.98 % Year to Year. EPS increased by 89.55 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 415.39 Cr | Rs. 368 Cr | Rs. 379.07 Cr | + 3.01 % | -8.74 % |
Expenses | Rs. 367.69 Cr | Rs. 354.09 Cr | Rs. 336.94 Cr | -4.84 % | -8.36 % |
Operating Profit | Rs. 47.7 Cr | Rs. 13.91 Cr | Rs. 42.13 Cr | + 202.88 % | -11.68 % |
OPM % | 11.48 % | 3.78 % | 11.11 % | + 7.33 % | -0.37 % |
Other Income | Rs. 4.71 Cr | Rs. 25.18 Cr | Rs. 2.82 Cr | -88.8 % | -40.13 % |
Interest | Rs. 5.04 Cr | Rs. 7.36 Cr | Rs. 5.51 Cr | -25.14 % | + 9.33 % |
Depreciation | Rs. 20.09 Cr | Rs. 21.68 Cr | Rs. 20.77 Cr | -4.2 % | + 3.38 % |
Profit before tax | Rs. 27.28 Cr | Rs. 10.05 Cr | Rs. 18.67 Cr | + 85.77 % | -31.56 % |
Tax % | 27.35 % | 27.86 % | 26.3 % | -1.56 % | -1.05 % |
Net Profit | Rs. 19.75 Cr | Rs. 7.17 Cr | Rs. 13.71 Cr | + 91.21 % | -30.58 % |
EPS in Rs | Rs. 1.84 | Rs. 0.67 | Rs. 1.27 | + 89.55 % | -30.98 % |
Today, we’re looking at TGV SRAAC 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 -8.74 %. However, it did see a marginal increase of 3.01 % from the previous quarter. Expenses decreased slightly by -4.84 % quarter-on-quarter, aligning with the annual decline of -8.36 %. Operating profit, while down -11.68 % compared to last year, faced a quarter-on-quarter increase of 202.88 %, 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 -0.37 %, but an expansion of 7.33 % sequentially. Other income fell by -88.8 % compared to the last quarter, despite an annual decline of -40.13 %. Interest expenses dropped significantly by -25.14 % from the previous quarter, yet the year-over-year increase remains at a moderate 9.33 %. Depreciation costs fell by -4.2 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.38 %. Profit before tax declined annually by -31.56 % but saw an increase from the preceding quarter by 85.77 %.
Tax expenses as a percentage of profits decreased slightly by -1.05 % compared to last year, with a more notable quarter-on-quarter decrease of -1.56 %. Net profit fell by -30.58 % year-on-year but experienced a 91.21 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -30.98 % but a quarterly rise of 89.55 %. In summary, TGV SRAAC 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. 415.39 Cr | Rs. 368 Cr | Rs. 379.07 Cr | + 3.01 % | -8.74 % |
Expenses | Rs. 367.69 Cr | Rs. 354.09 Cr | Rs. 336.94 Cr | -4.84 % | -8.36 % |
Operating Profit | Rs. 47.7 Cr | Rs. 13.91 Cr | Rs. 42.13 Cr | + 202.88 % | -11.68 % |
Net Profit | Rs. 19.75 Cr | Rs. 7.17 Cr | Rs. 13.71 Cr | + 91.21 % | -30.58 % |
EPS in Rs | Rs. 1.84 | Rs. 0.67 | Rs. 1.27 | + 89.55 % | -30.98 % |
In reviewing TGV SRAAC LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -8.74 % year-on-year, however, there was a minor increase of 3.01 % from the previous quarter. Expenses decreased by -8.36 % compared to the previous year, with a decrease of -4.84 % quarter-on-quarter. Operating Profit dropped by -11.68 % annually, and saw a 202.88 % increase from the last quarter.
Net Profit showed yearly decrease of -30.58 %, and experienced a 91.21 % increase from the previous quarter. Earnings Per Share (EPS) fell by -30.98 % annually, however rose by 89.55 % compared to the last quarter. In essence, while TGV SRAAC 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.
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