Highlights
- Sales over the Year and quarter: The company’s sales declined by -7.97 % over the year, decrease in net sales/revenue by -14.32 %.
- 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 195.24 %. Marginal increase in other income during this quarter, up by 185.71%.
- Profit over the Year and quarter: Significant improvement in profitability for GTN Industries Limited. Notable increase of 11.36 % in net profit Year to Year, GTN Industries Limited’s profitability dropped by -23.44 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 12.00 % Year to Year. EPS decreased by -22.94 % 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. 43.81 Cr | Rs. 47.06 Cr | Rs. 40.32 Cr | -14.32 % | -7.97 % |
| Expenses | Rs. 44.52 Cr | Rs. 47.81 Cr | Rs. 40.89 Cr | -14.47 % | -8.15 % |
| Operating Profit | Rs. -0.71 Cr | Rs. -0.75 Cr | Rs. -0.57 Cr | + 24 % | + 19.72 % |
| OPM % | -1.62 % | -1.59 % | -1.41 % | + 0.18 % | + 0.21 % |
| Other Income | Rs. -0.42 Cr | Rs. 0.14 Cr | Rs. 0.4 Cr | + 185.71 % | + 195.24 % |
| Interest | Rs. 1.59 Cr | Rs. 0.84 Cr | Rs. 1.02 Cr | + 21.43 % | -35.85 % |
| Depreciation | Rs. 0.82 Cr | Rs. 0.94 Cr | Rs. 0.93 Cr | -1.06 % | + 13.41 % |
| Profit before tax | Rs. -3.54 Cr | Rs. -2.39 Cr | Rs. -2.12 Cr | + 11.3 % | + 40.11 % |
| Tax % | -40.54 % | -19.67 % | -30.66 % | -10.99 % | + 9.88 % |
| Net Profit | Rs. -1.32 Cr | Rs. -1.92 Cr | Rs. -1.47 Cr | + 23.44 % | -11.36 % |
| EPS in Rs | Rs. -0.75 | Rs. -1.09 | Rs. -0.84 | + 22.94 % | -12 % |
Today, we’re looking at GTN Industries Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -7.97 %. However, it did see a marginal slip of -14.32 % from the previous quarter. Expenses decreased slightly by -14.47 % quarter-on-quarter, aligning with the annual decline of -8.15 %. Operating profit, while up 19.72 % compared to last year, faced a quarter-on-quarter increase of 24 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.21 %, but an expansion of 0.18 % sequentially. Other income rose by 185.71 % compared to the last quarter, despite an annual growth of 195.24 %. Interest expenses surged remarkably by 21.43 % from the previous quarter, yet the year-over-year decrease remains at a moderate -35.85 %. Depreciation costs fell by -1.06 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 13.41 %. Profit before tax grew annually by 40.11 % but saw an increase from the preceding quarter by 11.3 %.
Tax expenses as a percentage of profits increased slightly by 9.88 % compared to last year, with a more notable quarter-on-quarter decrease of -10.99 %. Net profit fell by -11.36 % year-on-year but experienced a 23.44 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -12 % but a quarterly rise of 22.94 %. In summary, GTN Industries 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. 43.81 Cr | Rs. 47.06 Cr | Rs. 40.32 Cr | -14.32 % | -7.97 % |
| Expenses | Rs. 44.52 Cr | Rs. 47.81 Cr | Rs. 40.89 Cr | -14.47 % | -8.15 % |
| Operating Profit | Rs. -0.71 Cr | Rs. -0.75 Cr | Rs. -0.57 Cr | + 24 % | + 19.72 % |
| Net Profit | Rs. -1.32 Cr | Rs. -1.92 Cr | Rs. -1.47 Cr | + 23.44 % | -11.36 % |
| EPS in Rs | Rs. -0.75 | Rs. -1.09 | Rs. -0.84 | + 22.94 % | -12 % |
In reviewing GTN Industries Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -7.97 % year-on-year, although there was a slight dip of -14.32 % from the previous quarter. Expenses decreased by -8.15 % compared to the previous year, with a decrease of -14.47 % quarter-on-quarter. Operating Profit surged by 19.72 % annually, and saw a 24 % increase from the last quarter.
Net Profit showed yearly decrease of -11.36 %, and experienced a 23.44 % increase from the previous quarter. Earnings Per Share (EPS) fell by -12 % annually, however rose by 22.94 % compared to the last quarter. In essence, while GTN Industries 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.
