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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 experienced a substantial growth of 160.94 % in the past year, substantial increase in net sales/revenue by 6.15 %.
- 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 268.91 %. Marginal increase in other income during this quarter, up by 5.57%.
- Profit over the Year and quarter: Challenges in sustaining profitability for La Tim Metal & Industries Limited. Profit dropped by -313.57 % Year to Year, La Tim Metal & Industries Limited’s profitability dropped by -49.34 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -172.22 % Year to Year. EPS decreased by -40.91 % 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. 28.944 Cr | Rs. 71.152 Cr | Rs. 75.526 Cr | + 6.15 % | + 160.94 % |
Expenses | Rs. 29.34 Cr | Rs. 66.52 Cr | Rs. 72.47 Cr | + 8.94 % | + 147 % |
Operating Profit | Rs. -0.4 Cr | Rs. 4.63 Cr | Rs. 3.06 Cr | -33.91 % | + 865 % |
OPM % | -1.38 % | 6.51 % | 4.05 % | -2.46 % | + 5.43 % |
Other Income | Rs. 0.267 Cr | Rs. 0.933 Cr | Rs. 0.985 Cr | + 5.57 % | + 268.91 % |
Interest | Rs. 0.56 Cr | Rs. 1.62 Cr | Rs. 1.18 Cr | -27.16 % | + 110.71 % |
Depreciation | Rs. 0.07 Cr | Rs. 0.69 Cr | Rs. 0.68 Cr | -1.45 % | + 871.43 % |
Profit before tax | Rs. -0.76 Cr | Rs. 3.25 Cr | Rs. 2.19 Cr | -32.62 % | + 388.16 % |
Tax % | -0 % | 1.78 % | 25.78 % | + 24 % | + 25.78 % |
Net Profit | Rs. -0.76 Cr | Rs. 3.2 Cr | Rs. 1.62 Cr | -49.38 % | + 313.16 % |
EPS in Rs | Rs. -0.18 | Rs. 0.22 | Rs. 0.13 | -40.91 % | + 172.22 % |
Today, we’re looking at La Tim Metal & Industries 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 160.94 %. However, it did see a marginal increase of 6.15 % from the previous quarter. Expenses ticked up slightly by 8.94 % quarter-on-quarter, aligning with the annual rise of 147 %. Operating profit, while up 865 % compared to last year, faced a quarter-on-quarter dip of -33.91 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 5.43 %, but a shrinkage of -2.46 % sequentially. Other income rose by 5.57 % compared to the last quarter, despite an annual growth of 268.91 %. Interest expenses dropped significantly by -27.16 % from the previous quarter, yet the year-over-year increase remains at a moderate 110.71 %. Depreciation costs fell by -1.45 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 871.43 %. Profit before tax grew annually by 388.16 % but saw a reduction from the preceding quarter by -32.62 %.
Tax expenses as a percentage of profits increased slightly by 25.78 % compared to last year, with a more notable quarter-on-quarter increase of 24 %. Net profit rose by 313.16 % year-on-year but witnessed a -49.38 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 172.22 % but a quarterly fall of -40.91 %. In summary, La Tim Metal & Industries 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. 28.944 Cr | Rs. 71.152 Cr | Rs. 75.526 Cr | + 6.15 % | + 160.94 % |
Expenses | Rs. 29.34 Cr | Rs. 66.52 Cr | Rs. 72.47 Cr | + 8.94 % | + 147 % |
Operating Profit | Rs. -0.4 Cr | Rs. 4.63 Cr | Rs. 3.06 Cr | -33.91 % | + 865 % |
Net Profit | Rs. -0.76 Cr | Rs. 3.2 Cr | Rs. 1.62 Cr | -49.38 % | + 313.16 % |
EPS in Rs | Rs. -0.18 | Rs. 0.22 | Rs. 0.13 | -40.91 % | + 172.22 % |
In reviewing La Tim Metal & Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 160.94 % year-on-year growth, however, there was a minor increase of 6.15 % from the previous quarter. Expenses rose by 147 % compared to the previous year, with a 8.94 % increase quarter-on-quarter. Operating Profit surged by 865 % annually, and saw a -33.91 % decrease from the last quarter.
Net Profit showed yearly increase of 313.16 %, and experienced a -49.38 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 172.22 % annually, however dipped by -40.91 % compared to the last quarter. In essence, while La Tim Metal & Industries Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.