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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 2.42 % in the past year, substantial increase in net sales/revenue by 5.56 %.
- 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 117.4 %. Marginal increase in other income during this quarter, up by 37.63%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Tamilnadu PetroProducts Limited. Profit dropped by -2.4 % Year to Year, Tamilnadu PetroProducts Limited’s profitability increased by 22.46 % in this quarter.
- EPS over the Year and quarter: EPS declined by -2.34 % Year to Year. EPS increased by 21.9 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 451.1 Cr | Rs. 437.7 Cr | Rs. 462.02 Cr | + 5.56 % | + 2.42 % |
| Expenses | Rs. 430.85 Cr | Rs. 426.02 Cr | Rs. 450.37 Cr | + 5.72 % | + 4.53 % |
| Operating Profit | Rs. 20.25 Cr | Rs. 11.68 Cr | Rs. 11.65 Cr | -0.26 % | -42.47 % |
| OPM % | 4.49 % | 2.67 % | 2.52 % | -0.15 % | -1.97 % |
| Other Income | Rs. 7.47 Cr | Rs. 11.8 Cr | Rs. 16.24 Cr | + 37.63 % | + 117.4 % |
| Interest | Rs. 1.95 Cr | Rs. 1.98 Cr | Rs. 1.24 Cr | -37.37 % | -36.41 % |
| Depreciation | Rs. 5.12 Cr | Rs. 6.44 Cr | Rs. 6.28 Cr | -2.48 % | + 22.66 % |
| Profit before tax | Rs. 20.65 Cr | Rs. 15.06 Cr | Rs. 20.37 Cr | + 35.26 % | -1.36 % |
| Tax % | 25.33 % | 18.39 % | 26.12 % | + 7.73 % | + 0.79 % |
| Net Profit | Rs. 15.42 Cr | Rs. 12.29 Cr | Rs. 15.05 Cr | + 22.46 % | -2.4 % |
| EPS in Rs | Rs. 1.71 | Rs. 1.37 | Rs. 1.67 | + 21.9 % | -2.34 % |
Today, we’re looking at Tamilnadu PetroProducts 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 2.42 %. However, it did see a marginal increase of 5.56 % from the previous quarter. Expenses ticked up slightly by 5.72 % quarter-on-quarter, aligning with the annual rise of 4.53 %. Operating profit, while down -42.47 % compared to last year, faced a quarter-on-quarter dip of -0.26 %, 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 -1.97 %, but a shrinkage of -0.15 % sequentially. Other income rose by 37.63 % compared to the last quarter, despite an annual growth of 117.4 %. Interest expenses dropped significantly by -37.37 % from the previous quarter, yet the year-over-year decrease remains at a moderate -36.41 %. Depreciation costs fell by -2.48 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 22.66 %. Profit before tax declined annually by -1.36 % but saw an increase from the preceding quarter by 35.26 %.
Tax expenses as a percentage of profits increased slightly by 0.79 % compared to last year, with a more notable quarter-on-quarter increase of 7.73 %. Net profit fell by -2.4 % year-on-year but experienced a 22.46 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -2.34 % but a quarterly rise of 21.9 %. In summary, Tamilnadu PetroProducts 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. 451.1 Cr | Rs. 437.7 Cr | Rs. 462.02 Cr | + 5.56 % | + 2.42 % |
| Expenses | Rs. 430.85 Cr | Rs. 426.02 Cr | Rs. 450.37 Cr | + 5.72 % | + 4.53 % |
| Operating Profit | Rs. 20.25 Cr | Rs. 11.68 Cr | Rs. 11.65 Cr | -0.26 % | -42.47 % |
| Net Profit | Rs. 15.42 Cr | Rs. 12.29 Cr | Rs. 15.05 Cr | + 22.46 % | -2.4 % |
| EPS in Rs | Rs. 1.71 | Rs. 1.37 | Rs. 1.67 | + 21.9 % | -2.34 % |
In reviewing Tamilnadu PetroProducts Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 2.42 % year-on-year growth, however, there was a minor increase of 5.56 % from the previous quarter. Expenses rose by 4.53 % compared to the previous year, with a 5.72 % increase quarter-on-quarter. Operating Profit dropped by -42.47 % annually, and saw a -0.26 % decrease from the last quarter.
Net Profit showed yearly decrease of -2.4 %, and experienced a 22.46 % increase from the previous quarter. Earnings Per Share (EPS) fell by -2.34 % annually, however rose by 21.9 % compared to the last quarter. In essence, while Tamilnadu PetroProducts 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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