Highlights
- Sales over the Year and quarter: The company’s sales declined by -11.01% over the yearSubstantial increase in net sales/revenue by 17.12%.
- Income over the Year and quarter: There has been decline in other income over the past year which is -67.3% Marginal increase in other income during this quarter, up by 116.84%.
- Profit over the Year and quarter: Challenges in sustaining profitability for TANFAC Industries Ltd.,. Profit dropped by -43.38% Year to YearTANFAC Industries Ltd.,’s profitability increased by 25.69% in this quarter.
- EPS over the Year and quarter: EPS declined by -43.38% Year to Year.EPS increased by 25.74%. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 115.53 Cr | Rs. 87.781 Cr | Rs. 102.805 Cr | + 17.12% | -11.01% |
| Expenses | Rs. 89.7 Cr | Rs. 73.2 Cr | Rs. 86.46 Cr | + 18.11% | -3.61% |
| Operating Profit | Rs. 25.83 Cr | Rs. 14.58 Cr | Rs. 16.35 Cr | + 12.14% | -36.7% |
| OPM % | 22.36 % | 16.61 % | 15.9 % | -0.71% | -6.46% |
| Other Income | Rs. 6.3 Cr | Rs. 0.95 Cr | Rs. 2.06 Cr | + 116.84% | -67.3% |
| Interest | Rs. 0.31 Cr | Rs. 0.12 Cr | Rs. 0.17 Cr | + 41.67% | -45.16% |
| Depreciation | Rs. 1.71 Cr | Rs. 1.79 Cr | Rs. 1.83 Cr | + 2.23% | + 7.02% |
| Profit before tax | Rs. 30.11 Cr | Rs. 13.62 Cr | Rs. 16.41 Cr | + 20.48% | -45.5% |
| Tax % | 25.65 % | 26.01 % | 22.8 % | -3.21% | -2.85% |
| Net Profit | Rs. 22.38 Cr | Rs. 10.08 Cr | Rs. 12.67 Cr | + 25.69% | -43.39% |
| EPS in Rs | Rs. 22.43 | Rs. 10.1 | Rs. 12.7 | + 25.74% | -43.38% |
Today, we’re looking at TANFAC Industries 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 -11.01%. However, it did see a marginal increase of 17.12% from the previous quarter.Expenses ticked up slightly by 18.11% quarter-on-quarter, aligning with the annual decline of -3.61%. Operating profit, while down -36.7% compared to last year,faced a quarter-on-quarter increase of 12.14%, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -6.46%, but a shrinkage of -0.71% sequentially. Other income rose by 116.84% compared to the last quarter,despite an annual decline of -67.3%. Interest expenses surged remarkably by 41.67% from the previous quarter, yet the year-over-year decrease remains at a moderate -45.16%. Depreciation costs climbed by 2.23% quarter-on-quarter, whereas on an annual scale, they saw an increase of 7.02%. Profit before tax declined annually by -45.5%but saw an increase from the preceding quarter by 20.48%.
Tax expenses as a percentage of profits decreased slightly by -2.85% compared to last year, with a more notable quarter-on-quarter decrease of -3.21%. Net profit fell by -43.39% year-on-yearbut experienced a 25.69% expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -43.38% but a quarterly rise of 25.74%. In summary, TANFAC Industries 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. 115.53 Cr | Rs. 87.781 Cr | Rs. 102.805 Cr | + 17.12% | -11.01% |
| Expenses | Rs. 89.7 Cr | Rs. 73.2 Cr | Rs. 86.46 Cr | + 18.11% | -3.61% |
| Operating Profit | Rs. 25.83 Cr | Rs. 14.58 Cr | Rs. 16.35 Cr | + 12.14% | -36.7% |
| Net Profit | Rs. 22.38 Cr | Rs. 10.08 Cr | Rs. 12.67 Cr | + 25.69% | -43.39% |
| EPS in Rs | Rs. 22.43 | Rs. 10.1 | Rs. 12.7 | + 25.74% | -43.38% |
In reviewing TANFAC Industries Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -11.01% year-on-year, however, there was a minor increase of 17.12% from the previous quarter. Expenses decreased by -3.61% compared to the previous year, with a 18.11% increase quarter-on-quarter. Operating Profit dropped by -36.7% annually, and saw a 12.14% increase from the last quarter.
Net Profit showed yearly decrease of -43.39%, and experienced a 25.69% increase from the previous quarter. Earnings Per Share (EPS) fell by -43.38% annually, however rose by 25.74% compared to the last quarter. In essence, while TANFAC Industries Ltd., 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.
