Highlights
- Sales over the Year and quarter:
- 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 12.5 %. Marginal increase in other income during this quarter, up by 2.86%.
- Profit over the Year and quarter: Challenges in sustaining profitability for ETT Limited. Profit dropped by -28.44 % Year to Year, ETT Limited’s profitability dropped by -8.99 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -28.30 % Year to Year. EPS decreased by -9.52 % 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. 0.063 Cr | Rs. 567.386 Cr | Rs. 465.94 Cr | -17.88 % | + 73858.73 % |
| Expenses | Rs. 0.1 Cr | Rs. 0.11 Cr | Rs. 0.16 Cr | + 45.45 % | + 60 % |
| Operating Profit | Rs. -0.04 Cr | Rs. 567.28 Cr | Rs. 465.78 Cr | -17.89 % | + 1164550 % |
| OPM % | -63.49 % | 99.98 % | 99.97 % | -0.01 % | + 163.46 % |
| Other Income | Rs. 0.64 Cr | Rs. 0.7 Cr | Rs. 0.72 Cr | + 2.86 % | + 12.5 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. 0.6 Cr | Rs. 567.98 Cr | Rs. 466.5 Cr | -17.87 % | + 77650 % |
| Tax % | 17.86 % | 27.91 % | 29.59 % | + 1.68 % | + 11.73 % |
| Net Profit | Rs. 0.55 Cr | Rs. 0.43 Cr | Rs. 0.4 Cr | -6.98 % | -27.27 % |
| EPS in Rs | Rs. 0.53 | Rs. 0.42 | Rs. 0.38 | -9.52 % | -28.3 % |
Today, we’re looking at ETT Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 73858.73 %. However, it did see a marginal slip of -17.88 % from the previous quarter. Expenses ticked up slightly by 45.45 % quarter-on-quarter, aligning with the annual rise of 60 %. Operating profit, while up 1164550 % compared to last year, faced a quarter-on-quarter dip of -17.89 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 163.46 %, but a shrinkage of -0.01 % sequentially. Other income rose by 2.86 % compared to the last quarter, despite an annual growth of 12.5 %. Interest expenses dropped significantly by -41.36 % from the previous quarter, yet the year-over-year decrease remains at a moderate -45.4 %. Depreciation costs climbed by 3.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 32.48 %. Profit before tax grew annually by 77650 % but saw a reduction from the preceding quarter by -17.87 %.
Tax expenses as a percentage of profits increased slightly by 11.73 % compared to last year, with a more notable quarter-on-quarter increase of 1.68 %. Net profit fell by -27.27 % year-on-year but witnessed a -6.98 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -28.3 % but a quarterly fall of -9.52 %. In summary, ETT 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. 0.063 Cr | Rs. 567.386 Cr | Rs. 465.94 Cr | -17.88 % | + 73858.73 % |
| Expenses | Rs. 0.1 Cr | Rs. 0.11 Cr | Rs. 0.16 Cr | + 45.45 % | + 60 % |
| Operating Profit | Rs. -0.04 Cr | Rs. 567.28 Cr | Rs. 465.78 Cr | -17.89 % | + 1164550 % |
| Net Profit | Rs. 0.55 Cr | Rs. 0.43 Cr | Rs. 0.4 Cr | -6.98 % | -27.27 % |
| EPS in Rs | Rs. 0.53 | Rs. 0.42 | Rs. 0.38 | -9.52 % | -28.3 % |
In reviewing ETT Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 73858.73 % year-on-year growth, although there was a slight dip of -17.88 % from the previous quarter. Expenses rose by 60 % compared to the previous year, with a 45.45 % increase quarter-on-quarter. Operating Profit surged by 1164550 % annually, and saw a -17.89 % decrease from the last quarter.
Net Profit showed yearly decrease of -27.27 %, and experienced a -6.98 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -28.3 % annually, however dipped by -9.52 % compared to the last quarter. In essence, while ETT Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
