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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 -76.12 % over the year, substantial increase in net sales/revenue by 96.07 %.
- 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 43.12 %. Marginal increase in other income during this quarter, up by 434.75%.
- Profit over the Year and quarter: Significant improvement in profitability for Tainwala Chemical and Plastic (I) Limited. Notable increase of 198.86 % in net profit Year to Year, Tainwala Chemical and Plastic (I) Limited’s profitability dropped by -278.1 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 200.00 % Year to Year. EPS decreased by -278.72 % 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. 6.477 Cr | Rs. 0.789 Cr | Rs. 1.547 Cr | + 96.07 % | -76.12 % |
| Expenses | Rs. 6.64 Cr | Rs. 0.91 Cr | Rs. 1.27 Cr | + 39.56 % | -80.87 % |
| Operating Profit | Rs. -0.16 Cr | Rs. -0.12 Cr | Rs. 0.28 Cr | + 333.33 % | + 275 % |
| OPM % | -2.47 % | -15.21 % | 18.1 % | + 33.31 % | + 20.57 % |
| Other Income | Rs. 0.552 Cr | Rs. -0.236 Cr | Rs. 0.79 Cr | + 434.75 % | + 43.12 % |
| Interest | Rs. 0.01 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.12 Cr | Rs. 0.07 Cr | Rs. 0.1 Cr | + 42.86 % | -16.67 % |
| Profit before tax | Rs. 0.26 Cr | Rs. -0.43 Cr | Rs. 0.97 Cr | + 325.58 % | + 273.08 % |
| Tax % | 0 % | -2.31 % | 18.58 % | + 20.89 % | + 18.58 % |
| Net Profit | Rs. 0.26 Cr | Rs. -0.44 Cr | Rs. 0.79 Cr | + 279.55 % | + 203.85 % |
| EPS in Rs | Rs. 0.28 | Rs. -0.47 | Rs. 0.84 | + 278.72 % | + 200 % |
Today, we’re looking at Tainwala Chemical and Plastic (I) 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 -76.12 %. However, it did see a marginal increase of 96.07 % from the previous quarter. Expenses ticked up slightly by 39.56 % quarter-on-quarter, aligning with the annual decline of -80.87 %. Operating profit, while up 275 % compared to last year, faced a quarter-on-quarter increase of 333.33 %, 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 20.57 %, but an expansion of 33.31 % sequentially. Other income rose by 434.75 % compared to the last quarter, despite an annual growth of 43.12 %. Depreciation costs climbed by 42.86 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -16.67 %. Profit before tax grew annually by 273.08 % but saw an increase from the preceding quarter by 325.58 %.
Tax expenses as a percentage of profits increased slightly by 18.58 % compared to last year, with a more notable quarter-on-quarter increase of 20.89 %. Net profit rose by 203.85 % year-on-year but experienced a 279.55 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 200 % but a quarterly rise of 278.72 %. In summary, Tainwala Chemical and Plastic (I) 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. 6.477 Cr | Rs. 0.789 Cr | Rs. 1.547 Cr | + 96.07 % | -76.12 % |
| Expenses | Rs. 6.64 Cr | Rs. 0.91 Cr | Rs. 1.27 Cr | + 39.56 % | -80.87 % |
| Operating Profit | Rs. -0.16 Cr | Rs. -0.12 Cr | Rs. 0.28 Cr | + 333.33 % | + 275 % |
| Net Profit | Rs. 0.26 Cr | Rs. -0.44 Cr | Rs. 0.79 Cr | + 279.55 % | + 203.85 % |
| EPS in Rs | Rs. 0.28 | Rs. -0.47 | Rs. 0.84 | + 278.72 % | + 200 % |
In reviewing Tainwala Chemical and Plastic (I) Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -76.12 % year-on-year, however, there was a minor increase of 96.07 % from the previous quarter. Expenses decreased by -80.87 % compared to the previous year, with a 39.56 % increase quarter-on-quarter. Operating Profit surged by 275 % annually, and saw a 333.33 % increase from the last quarter.
Net Profit showed yearly increase of 203.85 %, and experienced a 279.55 % increase from the previous quarter. Earnings Per Share (EPS) rose by 200 % annually, however rose by 278.72 % compared to the last quarter. In essence, while Tainwala Chemical and Plastic (I) Limited 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.
