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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 20.84 % in the past year, substantial increase in net sales/revenue by 11.7 %.
- 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 5.06 %. Marginal decrease of -33.06% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Taneja Aerospace & Aviation Ltd.. Notable increase of 0.81 % in net profit Year to Year, Taneja Aerospace & Aviation Ltd.’s profitability increased by 37.34 % in this quarter.
- EPS over the Year and quarter: EPS declined by -1.45 % Year to Year. EPS increased by 36 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 7.566 Cr | Rs. 8.185 Cr | Rs. 9.143 Cr | + 11.7 % | + 20.84 % |
Expenses | Rs. 2.06 Cr | Rs. 3.71 Cr | Rs. 4.1 Cr | + 10.51 % | + 99.03 % |
Operating Profit | Rs. 5.51 Cr | Rs. 4.48 Cr | Rs. 5.04 Cr | + 12.5 % | -8.53 % |
OPM % | 72.83 % | 54.73 % | 55.12 % | + 0.39 % | -17.71 % |
Other Income | Rs. 0.158 Cr | Rs. 0.248 Cr | Rs. 0.166 Cr | -33.06 % | + 5.06 % |
Interest | Rs. 0.15 Cr | Rs. 0.12 Cr | Rs. 0.11 Cr | -8.33 % | -26.67 % |
Depreciation | Rs. 0.88 Cr | Rs. 0.95 Cr | Rs. 0.88 Cr | -7.37 % | + 0 % |
Profit before tax | Rs. 4.64 Cr | Rs. 3.66 Cr | Rs. 4.22 Cr | + 15.3 % | -9.05 % |
Tax % | 25.83 % | 30.97 % | 17.91 % | -13.06 % | -7.92 % |
Net Profit | Rs. 3.44 Cr | Rs. 2.52 Cr | Rs. 3.47 Cr | + 37.7 % | + 0.87 % |
EPS in Rs | Rs. 1.38 | Rs. 1 | Rs. 1.36 | + 36 % | -1.45 % |
Today, we’re looking at Taneja Aerospace & Aviation Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 20.84 %. However, it did see a marginal increase of 11.7 % from the previous quarter. Expenses ticked up slightly by 10.51 % quarter-on-quarter, aligning with the annual rise of 99.03 %. Operating profit, while down -8.53 % compared to last year, faced a quarter-on-quarter increase of 12.5 %, 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 -17.71 %, but an expansion of 0.39 % sequentially. Other income fell by -33.06 % compared to the last quarter, despite an annual growth of 5.06 %. Interest expenses dropped significantly by -8.33 % from the previous quarter, yet the year-over-year decrease remains at a moderate -26.67 %. Depreciation costs fell by -7.37 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -9.05 % but saw an increase from the preceding quarter by 15.3 %.
Tax expenses as a percentage of profits decreased slightly by -7.92 % compared to last year, with a more notable quarter-on-quarter decrease of -13.06 %. Net profit rose by 0.87 % year-on-year but experienced a 37.7 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -1.45 % but a quarterly rise of 36 %. In summary, Taneja Aerospace & Aviation 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. 7.566 Cr | Rs. 8.185 Cr | Rs. 9.143 Cr | + 11.7 % | + 20.84 % |
Expenses | Rs. 2.06 Cr | Rs. 3.71 Cr | Rs. 4.1 Cr | + 10.51 % | + 99.03 % |
Operating Profit | Rs. 5.51 Cr | Rs. 4.48 Cr | Rs. 5.04 Cr | + 12.5 % | -8.53 % |
Net Profit | Rs. 3.44 Cr | Rs. 2.52 Cr | Rs. 3.47 Cr | + 37.7 % | + 0.87 % |
EPS in Rs | Rs. 1.38 | Rs. 1 | Rs. 1.36 | + 36 % | -1.45 % |
In reviewing Taneja Aerospace & Aviation Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 20.84 % year-on-year growth, however, there was a minor increase of 11.7 % from the previous quarter. Expenses rose by 99.03 % compared to the previous year, with a 10.51 % increase quarter-on-quarter. Operating Profit dropped by -8.53 % annually, and saw a 12.5 % increase from the last quarter.
Net Profit showed yearly increase of 0.87 %, and experienced a 37.7 % increase from the previous quarter. Earnings Per Share (EPS) fell by -1.45 % annually, however rose by 36 % compared to the last quarter. In essence, while Taneja Aerospace & Aviation Ltd. 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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