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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 -93.4 % over the year, decrease in net sales/revenue by -17.81 %.
- Profit over the Year and quarter: Challenges in sustaining profitability for Tasty Dairy Specialities Limited. Profit dropped by -39.12 % Year to Year, Tasty Dairy Specialities Limited’s profitability dropped by -87.77 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -39.05 % Year to Year. EPS decreased by -87.76 % 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. 21.52 Cr | Rs. 1.729 Cr | Rs. 1.421 Cr | -17.81 % | -93.4 % |
Expenses | Rs. 25.11 Cr | Rs. 29.17 Cr | Rs. 1.95 Cr | -93.32 % | -92.23 % |
Operating Profit | Rs. -3.59 Cr | Rs. -27.44 Cr | Rs. -0.53 Cr | + 98.07 % | + 85.24 % |
OPM % | -16.68 % | -1587.04 % | -37.3 % | + 1549.74 % | -20.62 % |
Other Income | Rs. 0.036 Cr | Rs. 0.14 Cr | Rs. 0 Cr | 0 % | 0 % |
Interest | Rs. 1.73 Cr | Rs. 1.83 Cr | Rs. 1.69 Cr | -7.65 % | -2.31 % |
Depreciation | Rs. 0.54 Cr | Rs. 0.54 Cr | Rs. 0.43 Cr | -20.37 % | -20.37 % |
Profit before tax | Rs. -5.82 Cr | Rs. -29.67 Cr | Rs. -2.65 Cr | + 91.07 % | + 54.47 % |
Tax % | -26.34 % | -27.97 % | -1.62 % | + 26.35 % | + 24.72 % |
Net Profit | Rs. -4.29 Cr | Rs. -21.37 Cr | Rs. -2.61 Cr | + 87.79 % | + 39.16 % |
EPS in Rs | Rs. -2.1 | Rs. -10.46 | Rs. -1.28 | + 87.76 % | + 39.05 % |
Today, we’re looking at Tasty Dairy Specialities 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 -93.4 %. However, it did see a marginal slip of -17.81 % from the previous quarter. Expenses decreased slightly by -93.32 % quarter-on-quarter, aligning with the annual decline of -92.23 %. Operating profit, while up 85.24 % compared to last year, faced a quarter-on-quarter increase of 98.07 %, 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 -20.62 %, but an expansion of 1549.74 % sequentially. Interest expenses dropped significantly by -7.65 % from the previous quarter, yet the year-over-year decrease remains at a moderate -2.31 %. Depreciation costs fell by -20.37 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -20.37 %. Profit before tax grew annually by 54.47 % but saw an increase from the preceding quarter by 91.07 %.
Tax expenses as a percentage of profits increased slightly by 24.72 % compared to last year, with a more notable quarter-on-quarter increase of 26.35 %. Net profit rose by 39.16 % year-on-year but experienced a 87.79 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 39.05 % but a quarterly rise of 87.76 %. In summary, Tasty Dairy Specialities 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. 21.52 Cr | Rs. 1.729 Cr | Rs. 1.421 Cr | -17.81 % | -93.4 % |
Expenses | Rs. 25.11 Cr | Rs. 29.17 Cr | Rs. 1.95 Cr | -93.32 % | -92.23 % |
Operating Profit | Rs. -3.59 Cr | Rs. -27.44 Cr | Rs. -0.53 Cr | + 98.07 % | + 85.24 % |
Net Profit | Rs. -4.29 Cr | Rs. -21.37 Cr | Rs. -2.61 Cr | + 87.79 % | + 39.16 % |
EPS in Rs | Rs. -2.1 | Rs. -10.46 | Rs. -1.28 | + 87.76 % | + 39.05 % |
In reviewing Tasty Dairy Specialities Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -93.4 % year-on-year, although there was a slight dip of -17.81 % from the previous quarter. Expenses decreased by -92.23 % compared to the previous year, with a decrease of -93.32 % quarter-on-quarter. Operating Profit surged by 85.24 % annually, and saw a 98.07 % increase from the last quarter.
Net Profit showed yearly increase of 39.16 %, and experienced a 87.79 % increase from the previous quarter. Earnings Per Share (EPS) rose by 39.05 % annually, however rose by 87.76 % compared to the last quarter. In essence, while Tasty Dairy Specialities 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.