Highlights
- Sales over the Year and quarter: The company’s sales declined by -0.65 % over the year, decrease in net sales/revenue by -17.92 %.
- 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 13.47 %. Marginal decrease of -10.82% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Tasty Bite Eatables Limited. Profit dropped by -72.11 % Year to Year, Tasty Bite Eatables Limited’s profitability dropped by -59.26 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -72.11 % Year to Year. EPS decreased by -59.24 % 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. 109.62 Cr | Rs. 132.684 Cr | Rs. 108.909 Cr | -17.92 % | -0.65 % |
Expenses | Rs. 91.15 Cr | Rs. 119.61 Cr | Rs. 100.64 Cr | -15.86 % | + 10.41 % |
Operating Profit | Rs. 18.47 Cr | Rs. 13.07 Cr | Rs. 8.27 Cr | -36.73 % | -55.22 % |
OPM % | 16.85 % | 9.85 % | 7.59 % | -2.26 % | -9.26 % |
Other Income | Rs. 3.34 Cr | Rs. 4.25 Cr | Rs. 3.79 Cr | -10.82 % | + 13.47 % |
Interest | Rs. 2.41 Cr | Rs. 1.39 Cr | Rs. 1.53 Cr | + 10.07 % | -36.51 % |
Depreciation | Rs. 7.02 Cr | Rs. 7.6 Cr | Rs. 7.15 Cr | -5.92 % | + 1.85 % |
Profit before tax | Rs. 12.38 Cr | Rs. 8.33 Cr | Rs. 3.38 Cr | -59.42 % | -72.7 % |
Tax % | 26.23 % | 25.04 % | 24.61 % | -0.43 % | -1.62 % |
Net Profit | Rs. 9.13 Cr | Rs. 6.25 Cr | Rs. 2.55 Cr | -59.2 % | -72.07 % |
EPS in Rs | Rs. 35.57 | Rs. 24.34 | Rs. 9.92 | -59.24 % | -72.11 % |
Today, we’re looking at Tasty Bite Eatables Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -0.65 %. However, it did see a marginal slip of -17.92 % from the previous quarter. Expenses decreased slightly by -15.86 % quarter-on-quarter, aligning with the annual rise of 10.41 %. Operating profit, while down -55.22 % compared to last year, faced a quarter-on-quarter dip of -36.73 %, 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 -9.26 %, but a shrinkage of -2.26 % sequentially. Other income fell by -10.82 % compared to the last quarter, despite an annual growth of 13.47 %. Interest expenses surged remarkably by 10.07 % from the previous quarter, yet the year-over-year decrease remains at a moderate -36.51 %. Depreciation costs fell by -5.92 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.85 %. Profit before tax declined annually by -72.7 % but saw a reduction from the preceding quarter by -59.42 %.
Tax expenses as a percentage of profits decreased slightly by -1.62 % compared to last year, with a more notable quarter-on-quarter decrease of -0.43 %. Net profit fell by -72.07 % year-on-year but witnessed a -59.2 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -72.11 % but a quarterly fall of -59.24 %. In summary, Tasty Bite Eatables 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. 109.62 Cr | Rs. 132.684 Cr | Rs. 108.909 Cr | -17.92 % | -0.65 % |
Expenses | Rs. 91.15 Cr | Rs. 119.61 Cr | Rs. 100.64 Cr | -15.86 % | + 10.41 % |
Operating Profit | Rs. 18.47 Cr | Rs. 13.07 Cr | Rs. 8.27 Cr | -36.73 % | -55.22 % |
Net Profit | Rs. 9.13 Cr | Rs. 6.25 Cr | Rs. 2.55 Cr | -59.2 % | -72.07 % |
EPS in Rs | Rs. 35.57 | Rs. 24.34 | Rs. 9.92 | -59.24 % | -72.11 % |
In reviewing Tasty Bite Eatables Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -0.65 % year-on-year, although there was a slight dip of -17.92 % from the previous quarter. Expenses rose by 10.41 % compared to the previous year, with a decrease of -15.86 % quarter-on-quarter. Operating Profit dropped by -55.22 % annually, and saw a -36.73 % decrease from the last quarter.
Net Profit showed yearly decrease of -72.07 %, and experienced a -59.2 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -72.11 % annually, however dipped by -59.24 % compared to the last quarter. In essence, while Tasty Bite Eatables Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.