Share the post "India Tourism Development Corporation announced Financial Results Q1 2024-25"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -28.15 % over the year, decrease in net sales/revenue by -42.58 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -21.87 %, Marginal decrease of -18.53% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for India Tourism Development Corporation Limited. Profit dropped by -32.13 % Year to Year, India Tourism Development Corporation Limited’s profitability dropped by -24.81 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -33.00 % Year to Year. EPS decreased by -25.68 % 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. 118.17 Cr | Rs. 147.882 Cr | Rs. 84.91 Cr | -42.58 % | -28.15 % |
| Expenses | Rs. 95.83 Cr | Rs. 115.47 Cr | Rs. 77.1 Cr | -33.23 % | -19.55 % |
| Operating Profit | Rs. 22.34 Cr | Rs. 32.41 Cr | Rs. 7.81 Cr | -75.9 % | -65.04 % |
| OPM % | 18.9 % | 21.92 % | 9.2 % | -12.72 % | -9.7 % |
| Other Income | Rs. 4.677 Cr | Rs. 4.485 Cr | Rs. 3.654 Cr | -18.53 % | -21.87 % |
| Interest | Rs. 0.2 Cr | Rs. 2.61 Cr | Rs. 0.14 Cr | -94.64 % | -30 % |
| Depreciation | Rs. 1.67 Cr | Rs. 1.69 Cr | Rs. 1.59 Cr | -5.92 % | -4.79 % |
| Profit before tax | Rs. 25.15 Cr | Rs. 32.6 Cr | Rs. 9.73 Cr | -70.15 % | -61.31 % |
| Tax % | 30.8 % | 49.82 % | 22.21 % | -27.61 % | -8.59 % |
| Net Profit | Rs. 17.41 Cr | Rs. 15.71 Cr | Rs. 11.82 Cr | -24.76 % | -32.11 % |
| EPS in Rs | Rs. 2.03 | Rs. 1.83 | Rs. 1.36 | -25.68 % | -33 % |
Today, we’re looking at India Tourism Development Corporation Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -28.15 %. However, it did see a marginal slip of -42.58 % from the previous quarter. Expenses decreased slightly by -33.23 % quarter-on-quarter, aligning with the annual decline of -19.55 %. Operating profit, while down -65.04 % compared to last year, faced a quarter-on-quarter dip of -75.9 %, 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 -9.7 %, but a shrinkage of -12.72 % sequentially. Other income fell by -18.53 % compared to the last quarter, despite an annual decline of -21.87 %. Interest expenses dropped significantly by -94.64 % from the previous quarter, yet the year-over-year decrease remains at a moderate -30 %. Depreciation costs fell by -5.92 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -4.79 %. Profit before tax declined annually by -61.31 % but saw a reduction from the preceding quarter by -70.15 %.
Tax expenses as a percentage of profits decreased slightly by -8.59 % compared to last year, with a more notable quarter-on-quarter decrease of -27.61 %. Net profit fell by -32.11 % year-on-year but witnessed a -24.76 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -33 % but a quarterly fall of -25.68 %. In summary, India Tourism Development Corporation 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. 118.17 Cr | Rs. 147.882 Cr | Rs. 84.91 Cr | -42.58 % | -28.15 % |
| Expenses | Rs. 95.83 Cr | Rs. 115.47 Cr | Rs. 77.1 Cr | -33.23 % | -19.55 % |
| Operating Profit | Rs. 22.34 Cr | Rs. 32.41 Cr | Rs. 7.81 Cr | -75.9 % | -65.04 % |
| Net Profit | Rs. 17.41 Cr | Rs. 15.71 Cr | Rs. 11.82 Cr | -24.76 % | -32.11 % |
| EPS in Rs | Rs. 2.03 | Rs. 1.83 | Rs. 1.36 | -25.68 % | -33 % |
In reviewing India Tourism Development Corporation Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -28.15 % year-on-year, although there was a slight dip of -42.58 % from the previous quarter. Expenses decreased by -19.55 % compared to the previous year, with a decrease of -33.23 % quarter-on-quarter. Operating Profit dropped by -65.04 % annually, and saw a -75.9 % decrease from the last quarter.
Net Profit showed yearly decrease of -32.11 %, and experienced a -24.76 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -33 % annually, however dipped by -25.68 % compared to the last quarter. In essence, while India Tourism Development Corporation 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.
[my_shortcode1 values=”India Tourism Development Corporation “]
