Share the post "GTN Industries ‘s Q2 Results: Profit Drops by 117.46% YoY"
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 -9.98 % over the year, decrease in net sales/revenue by -6.32 %.
- 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 157.5 %. Marginal decrease of -2.83% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for GTN Industries Limited. Notable increase of 117.46 % in net profit Year to Year, GTN Industries Limited’s profitability dropped by -404.44 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 136.36 % Year to Year. EPS decreased by -400 % 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. 48.4 Cr | Rs. 46.51 Cr | Rs. 43.57 Cr | -6.32 % | -9.98 % |
Expenses | Rs. 47.46 Cr | Rs. 44.93 Cr | Rs. 44.08 Cr | -1.89 % | -7.12 % |
Operating Profit | Rs. 0.94 Cr | Rs. 1.58 Cr | Rs. -0.51 Cr | -132.28 % | -154.26 % |
OPM % | 1.94 % | 3.4 % | -1.17 % | -4.57 % | -3.11 % |
Other Income | Rs. 0.4 Cr | Rs. 1.06 Cr | Rs. 1.03 Cr | -2.83 % | + 157.5 % |
Interest | Rs. 1.25 Cr | Rs. 1.13 Cr | Rs. 1.14 Cr | + 0.88 % | -8.8 % |
Depreciation | Rs. 0.92 Cr | Rs. 0.93 Cr | Rs. 0.99 Cr | + 6.45 % | + 7.61 % |
Profit before tax | Rs. -0.83 Cr | Rs. 0.58 Cr | Rs. -1.61 Cr | -377.59 % | -93.98 % |
Tax % | -24.1 % | 22.41 % | -14.91 % | -37.32 % | + 9.19 % |
Net Profit | Rs. -0.63 Cr | Rs. 0.45 Cr | Rs. -1.37 Cr | -404.44 % | -117.46 % |
EPS in Rs | Rs. -0.33 | Rs. 0.26 | Rs. -0.78 | -400 % | -136.36 % |
Today, we’re looking at GTN Industries Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -9.98 %. However, it did see a marginal slip of -6.32 % from the previous quarter. Expenses decreased slightly by -1.89 % quarter-on-quarter, aligning with the annual decline of -7.12 %. Operating profit, while down -154.26 % compared to last year, faced a quarter-on-quarter dip of -132.28 %, 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 -3.11 %, but a shrinkage of -4.57 % sequentially. Other income fell by -2.83 % compared to the last quarter, despite an annual growth of 157.5 %. Interest expenses surged remarkably by 0.88 % from the previous quarter, yet the year-over-year decrease remains at a moderate -8.8 %. Depreciation costs climbed by 6.45 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 7.61 %. Profit before tax declined annually by -93.98 % but saw a reduction from the preceding quarter by -377.59 %.
Tax expenses as a percentage of profits increased slightly by 9.19 % compared to last year, with a more notable quarter-on-quarter decrease of -37.32 %. Net profit fell by -117.46 % year-on-year but witnessed a -404.44 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -136.36 % but a quarterly fall of -400 %. 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. 48.4 Cr | Rs. 46.51 Cr | Rs. 43.57 Cr | -6.32 % | -9.98 % |
Expenses | Rs. 47.46 Cr | Rs. 44.93 Cr | Rs. 44.08 Cr | -1.89 % | -7.12 % |
Operating Profit | Rs. 0.94 Cr | Rs. 1.58 Cr | Rs. -0.51 Cr | -132.28 % | -154.26 % |
Net Profit | Rs. -0.63 Cr | Rs. 0.45 Cr | Rs. -1.37 Cr | -404.44 % | -117.46 % |
EPS in Rs | Rs. -0.33 | Rs. 0.26 | Rs. -0.78 | -400 % | -136.36 % |
In reviewing GTN Industries Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -9.98 % year-on-year, although there was a slight dip of -6.32 % from the previous quarter. Expenses decreased by -7.12 % compared to the previous year, with a decrease of -1.89 % quarter-on-quarter. Operating Profit dropped by -154.26 % annually, and saw a -132.28 % decrease from the last quarter.
Net Profit showed yearly decrease of -117.46 %, and experienced a -404.44 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -136.36 % annually, however dipped by -400 % compared to the last quarter. In essence, while GTN Industries Limited 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.
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