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GTV Engineering : Q4 2024 Financial Quarterly Report : YoY Sales Up 15.51 %, QoQ Up 28 %

June 20, 2024June 20, 2024| adminadmin| 0 Comments| 7:10 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 15.51 % in the past year, substantial increase in net sales/revenue by 28 %.
  • 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 139.29 %. Marginal increase in other income during this quarter, up by 6600%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for GTV Engineering Limited. Profit dropped by -29.75 % Year to Year, GTV Engineering Limited’s profitability increased by 37.26 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -29.78 % Year to Year. EPS increased by 37.2 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of GTV Engineering Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 27.764 Cr Rs. 25.056 Cr Rs. 32.071 Cr + 28 % + 15.51 %
Expenses Rs. 24.56 Cr Rs. 22.26 Cr Rs. 30.96 Cr + 39.08 % + 26.06 %
Operating Profit Rs. 3.2 Cr Rs. 2.8 Cr Rs. 1.11 Cr -60.36 % -65.31 %
OPM % 11.53 % 11.17 % 3.46 % -7.71 % -8.07 %
Other Income Rs. 0.84 Cr Rs. 0.03 Cr Rs. 2.01 Cr + 6600 % + 139.29 %
Interest Rs. 0.09 Cr Rs. 0.05 Cr Rs. 0.05 Cr + 0 % -44.44 %
Depreciation Rs. 0.08 Cr Rs. 0.17 Cr Rs. 0.26 Cr + 52.94 % + 225 %
Profit before tax Rs. 3.87 Cr Rs. 2.61 Cr Rs. 2.81 Cr + 7.66 % -27.39 %
Tax % 14.66 % 34.79 % 17.3 % -17.49 % + 2.64 %
Net Profit Rs. 3.31 Cr Rs. 1.7 Cr Rs. 2.33 Cr + 37.06 % -29.61 %
EPS in Rs Rs. 10.61 Rs. 5.43 Rs. 7.45 + 37.2 % -29.78 %


Today, we’re looking at GTV Engineering 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 15.51 %. However, it did see a marginal increase of 28 % from the previous quarter. Expenses ticked up slightly by 39.08 % quarter-on-quarter, aligning with the annual rise of 26.06 %. Operating profit, while down -65.31 % compared to last year, faced a quarter-on-quarter dip of -60.36 %, 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 -8.07 %, but a shrinkage of -7.71 % sequentially. Other income rose by 6600 % compared to the last quarter, despite an annual growth of 139.29 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year decrease remains at a moderate -44.44 %. Depreciation costs climbed by 52.94 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 225 %. Profit before tax declined annually by -27.39 % but saw an increase from the preceding quarter by 7.66 %.
Tax expenses as a percentage of profits increased slightly by 2.64 % compared to last year, with a more notable quarter-on-quarter decrease of -17.49 %. Net profit fell by -29.61 % year-on-year but experienced a 37.06 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -29.78 % but a quarterly rise of 37.2 %. In summary, GTV Engineering 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. 27.764 Cr Rs. 25.056 Cr Rs. 32.071 Cr + 28 % + 15.51 %
Expenses Rs. 24.56 Cr Rs. 22.26 Cr Rs. 30.96 Cr + 39.08 % + 26.06 %
Operating Profit Rs. 3.2 Cr Rs. 2.8 Cr Rs. 1.11 Cr -60.36 % -65.31 %
Net Profit Rs. 3.31 Cr Rs. 1.7 Cr Rs. 2.33 Cr + 37.06 % -29.61 %
EPS in Rs Rs. 10.61 Rs. 5.43 Rs. 7.45 + 37.2 % -29.78 %


In reviewing GTV Engineering Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 15.51 % year-on-year growth, however, there was a minor increase of 28 % from the previous quarter. Expenses rose by 26.06 % compared to the previous year, with a 39.08 % increase quarter-on-quarter. Operating Profit dropped by -65.31 % annually, and saw a -60.36 % decrease from the last quarter.
Net Profit showed yearly decrease of -29.61 %, and experienced a 37.06 % increase from the previous quarter. Earnings Per Share (EPS) fell by -29.78 % annually, however rose by 37.2 % compared to the last quarter. In essence, while GTV Engineering 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.

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