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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 -10.02 % over the year, decrease in net sales/revenue by -2 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -36.22 %, Marginal decrease of -77.62% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Innovative Tech Pack Ltd. Notable increase of 52.94 % in net profit Year to Year, Innovative Tech Pack Ltd’s profitability increased by 850.31 % in this quarter.
- EPS over the Year and quarter: EPS increased by 52.27 % Year to Year. EPS increased by 857.14 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 37.92 Cr | Rs. 34.819 Cr | Rs. 34.121 Cr | -2 % | -10.02 % |
Expenses | Rs. 34.22 Cr | Rs. 31.49 Cr | Rs. 29.96 Cr | -4.86 % | -12.45 % |
Operating Profit | Rs. 3.7 Cr | Rs. 3.33 Cr | Rs. 4.16 Cr | + 24.92 % | + 12.43 % |
OPM % | 9.76 % | 9.56 % | 12.19 % | + 2.63 % | + 2.43 % |
Other Income | Rs. 0.127 Cr | Rs. 0.362 Cr | Rs. 0.081 Cr | -77.62 % | -36.22 % |
Interest | Rs. 0.97 Cr | Rs. 1.57 Cr | Rs. 1.2 Cr | -23.57 % | + 23.71 % |
Depreciation | Rs. 1.86 Cr | Rs. 1.97 Cr | Rs. 1.53 Cr | -22.34 % | -17.74 % |
Profit before tax | Rs. 1 Cr | Rs. 0.15 Cr | Rs. 1.51 Cr | + 906.67 % | + 51 % |
Tax % | 0 % | 0 % | 0 % | 0 % | 0 % |
Net Profit | Rs. 0.99 Cr | Rs. 0.16 Cr | Rs. 1.51 Cr | + 843.75 % | + 52.53 % |
EPS in Rs | Rs. 0.44 | Rs. 0.07 | Rs. 0.67 | + 857.14 % | + 52.27 % |
Today, we’re looking at Innovative Tech Pack Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -10.02 %. However, it did see a marginal slip of -2 % from the previous quarter. Expenses decreased slightly by -4.86 % quarter-on-quarter, aligning with the annual decline of -12.45 %. Operating profit, while up 12.43 % compared to last year, faced a quarter-on-quarter increase of 24.92 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.43 %, but an expansion of 2.63 % sequentially. Other income fell by -77.62 % compared to the last quarter, despite an annual decline of -36.22 %. Interest expenses dropped significantly by -23.57 % from the previous quarter, yet the year-over-year increase remains at a moderate 23.71 %. Depreciation costs fell by -22.34 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -17.74 %. Profit before tax grew annually by 51 % but saw an increase from the preceding quarter by 906.67 %.
Net profit rose by 52.53 % year-on-year but experienced a 843.75 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 52.27 % but a quarterly rise of 857.14 %. In summary, Innovative Tech Pack Ltd’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. 37.92 Cr | Rs. 34.819 Cr | Rs. 34.121 Cr | -2 % | -10.02 % |
Expenses | Rs. 34.22 Cr | Rs. 31.49 Cr | Rs. 29.96 Cr | -4.86 % | -12.45 % |
Operating Profit | Rs. 3.7 Cr | Rs. 3.33 Cr | Rs. 4.16 Cr | + 24.92 % | + 12.43 % |
Net Profit | Rs. 0.99 Cr | Rs. 0.16 Cr | Rs. 1.51 Cr | + 843.75 % | + 52.53 % |
EPS in Rs | Rs. 0.44 | Rs. 0.07 | Rs. 0.67 | + 857.14 % | + 52.27 % |
In reviewing Innovative Tech Pack Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -10.02 % year-on-year, although there was a slight dip of -2 % from the previous quarter. Expenses decreased by -12.45 % compared to the previous year, with a decrease of -4.86 % quarter-on-quarter. Operating Profit surged by 12.43 % annually, and saw a 24.92 % increase from the last quarter.
Net Profit showed yearly increase of 52.53 %, and experienced a 843.75 % increase from the previous quarter. Earnings Per Share (EPS) rose by 52.27 % annually, however rose by 857.14 % compared to the last quarter. In essence, while Innovative Tech Pack Ltd exhibits strong annual growth 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.