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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’s sales declined by -27.66 % over the year, decrease in net sales/revenue by -38.63 %.
- Income over the Year and quarter: Marginal decrease of -88.08% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for TCM Ltd.. Notable increase of 39.95 % in net profit Year to Year, TCM Ltd.’s profitability increased by 132.55 % in this quarter.
- EPS over the Year and quarter: EPS increased by 47.19 % Year to Year. EPS increased by 172.92 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 7.292 Cr | Rs. 8.595 Cr | Rs. 5.275 Cr | -38.63 % | -27.66 % |
Expenses | Rs. 8.01 Cr | Rs. 9.25 Cr | Rs. 6.32 Cr | -31.68 % | -21.1 % |
Operating Profit | Rs. -0.72 Cr | Rs. -0.65 Cr | Rs. -1.05 Cr | -61.54 % | -45.83 % |
OPM % | -9.87 % | -7.56 % | -19.91 % | -12.35 % | -10.04 % |
Other Income | Rs. 0 Cr | Rs. 0.344 Cr | Rs. 0.041 Cr | -88.08 % | 0 % |
Interest | Rs. 0 Cr | Rs. 0.02 Cr | Rs. 0 Cr | 0 % | 0 % |
Depreciation | Rs. 0.06 Cr | Rs. 0.1 Cr | Rs. 0.08 Cr | -20 % | + 33.33 % |
Profit before tax | Rs. -0.78 Cr | Rs. -0.43 Cr | Rs. -1.09 Cr | -153.49 % | -39.74 % |
Tax % | -0 % | -8.86 % | -0 % | + 8.86 % | 0 % |
Net Profit | Rs. -0.78 Cr | Rs. -0.47 Cr | Rs. -1.09 Cr | -131.91 % | -39.74 % |
EPS in Rs | Rs. -0.89 | Rs. -0.48 | Rs. -1.31 | -172.92 % | -47.19 % |
Today, we’re looking at TCM 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 -27.66 %. However, it did see a marginal slip of -38.63 % from the previous quarter. Expenses decreased slightly by -31.68 % quarter-on-quarter, aligning with the annual decline of -21.1 %. Operating profit, while down -45.83 % compared to last year, faced a quarter-on-quarter dip of -61.54 %, 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 -10.04 %, but a shrinkage of -12.35 % sequentially. Other income fell by -88.08 % compared to the last quarter, Depreciation costs fell by -20 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 33.33 %. Profit before tax declined annually by -39.74 % but saw a reduction from the preceding quarter by -153.49 %.
with a more notable quarter-on-quarter increase of 8.86 %. Net profit fell by -39.74 % year-on-year but witnessed a -131.91 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -47.19 % but a quarterly fall of -172.92 %. In summary, TCM 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. 7.292 Cr | Rs. 8.595 Cr | Rs. 5.275 Cr | -38.63 % | -27.66 % |
Expenses | Rs. 8.01 Cr | Rs. 9.25 Cr | Rs. 6.32 Cr | -31.68 % | -21.1 % |
Operating Profit | Rs. -0.72 Cr | Rs. -0.65 Cr | Rs. -1.05 Cr | -61.54 % | -45.83 % |
Net Profit | Rs. -0.78 Cr | Rs. -0.47 Cr | Rs. -1.09 Cr | -131.91 % | -39.74 % |
EPS in Rs | Rs. -0.89 | Rs. -0.48 | Rs. -1.31 | -172.92 % | -47.19 % |
In reviewing TCM Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -27.66 % year-on-year, although there was a slight dip of -38.63 % from the previous quarter. Expenses decreased by -21.1 % compared to the previous year, with a decrease of -31.68 % quarter-on-quarter. Operating Profit dropped by -45.83 % annually, and saw a -61.54 % decrease from the last quarter.
Net Profit showed yearly decrease of -39.74 %, and experienced a -131.91 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -47.19 % annually, however dipped by -172.92 % compared to the last quarter. In essence, while TCM 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.