Share the post "GTPL Hathway : Q1 2024 Financial Quarterly Report : YoY Sales Up 8.9 %, QoQ Up 4.38 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 8.9 % in the past year, substantial increase in net sales/revenue by 4.38 %.
- 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 15.04 %. Marginal increase in other income during this quarter, up by 6.1%.
- Profit over the Year and quarter: Challenges in sustaining profitability for GTPL Hathway Limited. Profit dropped by -57.41 % Year to Year, GTPL Hathway Limited’s profitability dropped by -6.6 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -60.19 % Year to Year. EPS increased by 8.55 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 774.442 Cr | Rs. 807.984 Cr | Rs. 843.374 Cr | + 4.38 % | + 8.9 % |
| Expenses | Rs. 654.8 Cr | Rs. 695.07 Cr | Rs. 730.13 Cr | + 5.04 % | + 11.5 % |
| Operating Profit | Rs. 119.64 Cr | Rs. 112.91 Cr | Rs. 113.24 Cr | + 0.29 % | -5.35 % |
| OPM % | 15.45 % | 13.97 % | 13.43 % | -0.54 % | -2.02 % |
| Other Income | Rs. 6.05 Cr | Rs. 6.56 Cr | Rs. 6.96 Cr | + 6.1 % | + 15.04 % |
| Interest | Rs. 4.14 Cr | Rs. 7.3 Cr | Rs. 6.61 Cr | -9.45 % | + 59.66 % |
| Depreciation | Rs. 73.89 Cr | Rs. 90.4 Cr | Rs. 91.89 Cr | + 1.65 % | + 24.36 % |
| Profit before tax | Rs. 47.66 Cr | Rs. 21.77 Cr | Rs. 21.7 Cr | -0.32 % | -54.47 % |
| Tax % | 26.1 % | 25.94 % | 30.6 % | + 4.66 % | + 4.5 % |
| Net Profit | Rs. 35.2 Cr | Rs. 16.05 Cr | Rs. 14.99 Cr | -6.6 % | -57.41 % |
| EPS in Rs | Rs. 3.19 | Rs. 1.17 | Rs. 1.27 | + 8.55 % | -60.19 % |
Today, we’re looking at GTPL Hathway Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 8.9 %. However, it did see a marginal increase of 4.38 % from the previous quarter. Expenses ticked up slightly by 5.04 % quarter-on-quarter, aligning with the annual rise of 11.5 %. Operating profit, while down -5.35 % compared to last year, faced a quarter-on-quarter increase of 0.29 %, 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 -2.02 %, but a shrinkage of -0.54 % sequentially. Other income rose by 6.1 % compared to the last quarter, despite an annual growth of 15.04 %. Interest expenses dropped significantly by -9.45 % from the previous quarter, yet the year-over-year increase remains at a moderate 59.66 %. Depreciation costs climbed by 1.65 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 24.36 %. Profit before tax declined annually by -54.47 % but saw a reduction from the preceding quarter by -0.32 %.
Tax expenses as a percentage of profits increased slightly by 4.5 % compared to last year, with a more notable quarter-on-quarter increase of 4.66 %. Net profit fell by -57.41 % year-on-year but witnessed a -6.6 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -60.19 % but a quarterly rise of 8.55 %. In summary, GTPL Hathway 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. 774.442 Cr | Rs. 807.984 Cr | Rs. 843.374 Cr | + 4.38 % | + 8.9 % |
| Expenses | Rs. 654.8 Cr | Rs. 695.07 Cr | Rs. 730.13 Cr | + 5.04 % | + 11.5 % |
| Operating Profit | Rs. 119.64 Cr | Rs. 112.91 Cr | Rs. 113.24 Cr | + 0.29 % | -5.35 % |
| Net Profit | Rs. 35.2 Cr | Rs. 16.05 Cr | Rs. 14.99 Cr | -6.6 % | -57.41 % |
| EPS in Rs | Rs. 3.19 | Rs. 1.17 | Rs. 1.27 | + 8.55 % | -60.19 % |
In reviewing GTPL Hathway Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 8.9 % year-on-year growth, however, there was a minor increase of 4.38 % from the previous quarter. Expenses rose by 11.5 % compared to the previous year, with a 5.04 % increase quarter-on-quarter. Operating Profit dropped by -5.35 % annually, and saw a 0.29 % increase from the last quarter.
Net Profit showed yearly decrease of -57.41 %, and experienced a -6.6 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -60.19 % annually, however rose by 8.55 % compared to the last quarter. In essence, while GTPL Hathway Limited faces strong annual decline 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.
