Share the post "NTC INDUSTRIES ‘s Q1 Report: Revenue Falls by 34.98% YoY"
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 -34.98 % over the year, decrease in net sales/revenue by -38.45 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -59.31 %, Marginal increase in other income during this quarter, up by 124.75%.
- Profit over the Year and quarter: Challenges in sustaining profitability for NTC INDUSTRIES LIMITED. Profit dropped by -56.19 % Year to Year, NTC INDUSTRIES LIMITED’s profitability dropped by -158.31 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -56.36 % Year to Year. EPS decreased by -157.99 % 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. 12.926 Cr | Rs. 13.654 Cr | Rs. 8.404 Cr | -38.45 % | -34.98 % |
| Expenses | Rs. 10.08 Cr | Rs. 11.99 Cr | Rs. 5.95 Cr | -50.38 % | -40.97 % |
| Operating Profit | Rs. 2.85 Cr | Rs. 1.66 Cr | Rs. 2.45 Cr | + 47.59 % | -14.04 % |
| OPM % | 22.05 % | 12.16 % | 29.15 % | + 16.99 % | + 7.1 % |
| Other Income | Rs. 1.863 Cr | Rs. -3.063 Cr | Rs. 0.758 Cr | + 124.75 % | -59.31 % |
| Interest | Rs. 0.09 Cr | Rs. 0.14 Cr | Rs. 0.91 Cr | + 550 % | + 911.11 % |
| Depreciation | Rs. 0.5 Cr | Rs. 0.52 Cr | Rs. 0.4 Cr | -23.08 % | -20 % |
| Profit before tax | Rs. 4.12 Cr | Rs. -2.06 Cr | Rs. 1.9 Cr | + 192.23 % | -53.88 % |
| Tax % | 15.77 % | -26.92 % | 19.76 % | + 46.68 % | + 3.99 % |
| Net Profit | Rs. 3.48 Cr | Rs. -2.61 Cr | Rs. 1.52 Cr | + 158.24 % | -56.32 % |
| EPS in Rs | Rs. 2.91 | Rs. -2.19 | Rs. 1.27 | + 157.99 % | -56.36 % |
Today, we’re looking at NTC INDUSTRIES 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 -34.98 %. However, it did see a marginal slip of -38.45 % from the previous quarter. Expenses decreased slightly by -50.38 % quarter-on-quarter, aligning with the annual decline of -40.97 %. Operating profit, while down -14.04 % compared to last year, faced a quarter-on-quarter increase of 47.59 %, 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 7.1 %, but an expansion of 16.99 % sequentially. Other income rose by 124.75 % compared to the last quarter, despite an annual decline of -59.31 %. Interest expenses surged remarkably by 550 % from the previous quarter, yet the year-over-year increase remains at a moderate 911.11 %. Depreciation costs fell by -23.08 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -20 %. Profit before tax declined annually by -53.88 % but saw an increase from the preceding quarter by 192.23 %.
Tax expenses as a percentage of profits increased slightly by 3.99 % compared to last year, with a more notable quarter-on-quarter increase of 46.68 %. Net profit fell by -56.32 % year-on-year but experienced a 158.24 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -56.36 % but a quarterly rise of 157.99 %. In summary, NTC 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. 12.926 Cr | Rs. 13.654 Cr | Rs. 8.404 Cr | -38.45 % | -34.98 % |
| Expenses | Rs. 10.08 Cr | Rs. 11.99 Cr | Rs. 5.95 Cr | -50.38 % | -40.97 % |
| Operating Profit | Rs. 2.85 Cr | Rs. 1.66 Cr | Rs. 2.45 Cr | + 47.59 % | -14.04 % |
| Net Profit | Rs. 3.48 Cr | Rs. -2.61 Cr | Rs. 1.52 Cr | + 158.24 % | -56.32 % |
| EPS in Rs | Rs. 2.91 | Rs. -2.19 | Rs. 1.27 | + 157.99 % | -56.36 % |
In reviewing NTC INDUSTRIES LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -34.98 % year-on-year, although there was a slight dip of -38.45 % from the previous quarter. Expenses decreased by -40.97 % compared to the previous year, with a decrease of -50.38 % quarter-on-quarter. Operating Profit dropped by -14.04 % annually, and saw a 47.59 % increase from the last quarter.
Net Profit showed yearly decrease of -56.32 %, and experienced a 158.24 % increase from the previous quarter. Earnings Per Share (EPS) fell by -56.36 % annually, however rose by 157.99 % compared to the last quarter. In essence, while NTC INDUSTRIES 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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