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Tamilnadu Petroproducts Q4 2024 Quarterly Earnings: YoY Sales Down 8.76 %, QoQ Up 26.55 %

May 16, 2024May 16, 2024| adminadmin| 0 Comments| 1:35 pm
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -8.76 % over the year, substantial increase in net sales/revenue by 26.55 %.
  • 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 31.37 %. Marginal increase in other income during this quarter, up by 36.25%.
  • Profit over the Year and quarter: Significant improvement in profitability for Tamilnadu Petroproducts Ltd. Notable increase of 9.63 % in net profit Year to Year, Tamilnadu Petroproducts Ltd’s profitability increased by 170.7 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 9.60 % Year to Year. EPS increased by 174 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Tamilnadu Petroproducts Ltd”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 479.75 Cr Rs. 345.88 Cr Rs. 437.7 Cr + 26.55 % -8.76 %
Expenses Rs. 466.5 Cr Rs. 325.96 Cr Rs. 426.02 Cr + 30.7 % -8.68 %
Operating Profit Rs. 13.25 Cr Rs. 19.92 Cr Rs. 11.68 Cr -41.37 % -11.85 %
OPM % 2.76 % 5.76 % 2.67 % -3.09 % -0.09 %
Other Income Rs. 8.64 Cr Rs. 8.33 Cr Rs. 11.35 Cr + 36.25 % + 31.37 %
Interest Rs. 1.85 Cr Rs. 1.81 Cr Rs. 1.98 Cr + 9.39 % + 7.03 %
Depreciation Rs. 5.75 Cr Rs. 6.28 Cr Rs. 6.44 Cr + 2.55 % + 12 %
Profit before tax Rs. 14.29 Cr Rs. 20.16 Cr Rs. 14.61 Cr -27.53 % + 2.24 %
Tax % 21.55 % 20.21 % 18.39 % -1.82 % -3.16 %
Net Profit Rs. 11.21 Cr Rs. 4.54 Cr Rs. 12.29 Cr + 170.7 % + 9.63 %
EPS in Rs Rs. 1.25 Rs. 0.5 Rs. 1.37 + 174 % + 9.6 %


Today, we’re looking at Tamilnadu Petroproducts Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -8.76 %. However, it did see a marginal increase of 26.55 % from the previous quarter. Expenses ticked up slightly by 30.7 % quarter-on-quarter, aligning with the annual decline of -8.68 %. Operating profit, while down -11.85 % compared to last year, faced a quarter-on-quarter dip of -41.37 %, 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 -0.09 %, but a shrinkage of -3.09 % sequentially. Other income rose by 36.25 % compared to the last quarter, despite an annual growth of 31.37 %. Interest expenses surged remarkably by 9.39 % from the previous quarter, yet the year-over-year increase remains at a moderate 7.03 %. Depreciation costs climbed by 2.55 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 12 %. Profit before tax grew annually by 2.24 % but saw a reduction from the preceding quarter by -27.53 %.
Tax expenses as a percentage of profits decreased slightly by -3.16 % compared to last year, with a more notable quarter-on-quarter decrease of -1.82 %. Net profit rose by 9.63 % year-on-year but experienced a 170.7 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 9.6 % but a quarterly rise of 174 %. In summary, Tamilnadu Petroproducts 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. 479.75 Cr Rs. 345.88 Cr Rs. 437.7 Cr + 26.55 % -8.76 %
Expenses Rs. 466.5 Cr Rs. 325.96 Cr Rs. 426.02 Cr + 30.7 % -8.68 %
Operating Profit Rs. 13.25 Cr Rs. 19.92 Cr Rs. 11.68 Cr -41.37 % -11.85 %
Net Profit Rs. 11.21 Cr Rs. 4.54 Cr Rs. 12.29 Cr + 170.7 % + 9.63 %
EPS in Rs Rs. 1.25 Rs. 0.5 Rs. 1.37 + 174 % + 9.6 %


In reviewing Tamilnadu Petroproducts Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -8.76 % year-on-year, however, there was a minor increase of 26.55 % from the previous quarter. Expenses decreased by -8.68 % compared to the previous year, with a 30.7 % increase quarter-on-quarter. Operating Profit dropped by -11.85 % annually, and saw a -41.37 % decrease from the last quarter.
Net Profit showed yearly increase of 9.63 %, and experienced a 170.7 % increase from the previous quarter. Earnings Per Share (EPS) rose by 9.6 % annually, however rose by 174 % compared to the last quarter. In essence, while Tamilnadu Petroproducts 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.

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