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.
| 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.
