Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 40.47 % in the past year, substantial increase in net sales/revenue by 34.63 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -60.1 %, Marginal decrease of -30.29% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Techno Electric & Engineering Company Limited. Notable increase of 36.56 % in net profit Year to Year, Techno Electric & Engineering Company Limited’s profitability dropped by -15.61 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 36.62 % Year to Year. EPS decreased by -15.59 % 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. 312.971 Cr | Rs. 326.54 Cr | Rs. 439.621 Cr | + 34.63 % | + 40.47 % |
| Expenses | Rs. 309.86 Cr | Rs. 270.21 Cr | Rs. 385.22 Cr | + 42.56 % | + 24.32 % |
| Operating Profit | Rs. 3.11 Cr | Rs. 56.33 Cr | Rs. 54.4 Cr | -3.43 % | + 1649.2 % |
| OPM % | 0.99 % | 17.25 % | 12.37 % | -4.88 % | + 11.38 % |
| Other Income | Rs. 78.35 Cr | Rs. 44.84 Cr | Rs. 31.26 Cr | -30.29 % | -60.1 % |
| Interest | Rs. 6.29 Cr | Rs. 3.95 Cr | Rs. 4.27 Cr | + 8.1 % | -32.11 % |
| Depreciation | Rs. 1.97 Cr | Rs. 1.99 Cr | Rs. 1.99 Cr | + 0 % | + 1.02 % |
| Profit before tax | Rs. 73.2 Cr | Rs. 95.23 Cr | Rs. 79.4 Cr | -16.62 % | + 8.47 % |
| Tax % | 93.7 % | 3.52 % | 2.35 % | -1.17 % | -91.35 % |
| Net Profit | Rs. 56.78 Cr | Rs. 91.88 Cr | Rs. 77.54 Cr | -15.61 % | + 36.56 % |
| EPS in Rs | Rs. 5.65 | Rs. 8.53 | Rs. 7.2 | -15.59 % | + 27.43 % |
Today, we’re looking at Techno Electric & Engineering Company Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 40.47 %. However, it did see a marginal increase of 34.63 % from the previous quarter. Expenses ticked up slightly by 42.56 % quarter-on-quarter, aligning with the annual rise of 24.32 %. Operating profit, while up 1649.2 % compared to last year, faced a quarter-on-quarter dip of -3.43 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 11.38 %, but a shrinkage of -4.88 % sequentially. Other income fell by -30.29 % compared to the last quarter, despite an annual decline of -60.1 %. Interest expenses surged remarkably by 8.1 % from the previous quarter, yet the year-over-year decrease remains at a moderate -32.11 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.02 %. Profit before tax grew annually by 8.47 % but saw a reduction from the preceding quarter by -16.62 %.
Tax expenses as a percentage of profits decreased slightly by -91.35 % compared to last year, with a more notable quarter-on-quarter decrease of -1.17 %. Net profit rose by 36.56 % year-on-year but witnessed a -15.61 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 27.43 % but a quarterly fall of -15.59 %. In summary, Techno Electric & Engineering Company 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. 312.971 Cr | Rs. 326.54 Cr | Rs. 439.621 Cr | + 34.63 % | + 40.47 % |
| Expenses | Rs. 309.86 Cr | Rs. 270.21 Cr | Rs. 385.22 Cr | + 42.56 % | + 24.32 % |
| Operating Profit | Rs. 3.11 Cr | Rs. 56.33 Cr | Rs. 54.4 Cr | -3.43 % | + 1649.2 % |
| Net Profit | Rs. 56.78 Cr | Rs. 91.88 Cr | Rs. 77.54 Cr | -15.61 % | + 36.56 % |
| EPS in Rs | Rs. 5.65 | Rs. 8.53 | Rs. 7.2 | -15.59 % | + 27.43 % |
In reviewing Techno Electric & Engineering Company Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 40.47 % year-on-year growth, however, there was a minor increase of 34.63 % from the previous quarter. Expenses rose by 24.32 % compared to the previous year, with a 42.56 % increase quarter-on-quarter. Operating Profit surged by 1649.2 % annually, and saw a -3.43 % decrease from the last quarter.
Net Profit showed yearly increase of 36.56 %, and experienced a -15.61 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 27.43 % annually, however dipped by -15.59 % compared to the last quarter. In essence, while Techno Electric & Engineering Company Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
