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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -1.15 % over the year, decrease in net sales/revenue by -20.61 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -66.67 %, Marginal decrease of -99.32% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Teesta Agro Industries Ltd. Notable increase of 8.89 % in net profit Year to Year, Teesta Agro Industries Ltd’s profitability dropped by -77.63 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 7.41 % Year to Year. EPS decreased by -77.69 % 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. 30.48 Cr | Rs. 37.95 Cr | Rs. 30.13 Cr | -20.61 % | -1.15 % |
Expenses | Rs. 29.18 Cr | Rs. 35.15 Cr | Rs. 28.51 Cr | -18.89 % | -2.3 % |
Operating Profit | Rs. 1.3 Cr | Rs. 2.8 Cr | Rs. 1.62 Cr | -42.14 % | + 24.62 % |
OPM % | 4.27 % | 7.38 % | 5.38 % | -2 % | + 1.11 % |
Other Income | Rs. 0.03 Cr | Rs. 1.46 Cr | Rs. 0.01 Cr | -99.32 % | -66.67 % |
Interest | Rs. 0.23 Cr | Rs. 0.25 Cr | Rs. 0.41 Cr | + 64 % | + 78.26 % |
Depreciation | Rs. 0.49 Cr | Rs. 0.93 Cr | Rs. 0.55 Cr | -40.86 % | + 12.24 % |
Profit before tax | Rs. 0.61 Cr | Rs. 3.08 Cr | Rs. 0.67 Cr | -78.25 % | + 9.84 % |
Tax % | 26.23 % | 28.9 % | 26.87 % | -2.03 % | + 0.64 % |
Net Profit | Rs. 0.45 Cr | Rs. 2.19 Cr | Rs. 0.49 Cr | -77.63 % | + 8.89 % |
EPS in Rs | Rs. 0.81 | Rs. 3.9 | Rs. 0.87 | -77.69 % | + 7.41 % |
Today, we’re looking at Teesta Agro Industries Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -1.15 %. However, it did see a marginal slip of -20.61 % from the previous quarter. Expenses decreased slightly by -18.89 % quarter-on-quarter, aligning with the annual decline of -2.3 %. Operating profit, while up 24.62 % compared to last year, faced a quarter-on-quarter dip of -42.14 %, 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 1.11 %, but a shrinkage of -2 % sequentially. Other income fell by -99.32 % compared to the last quarter, despite an annual decline of -66.67 %. Interest expenses surged remarkably by 64 % from the previous quarter, yet the year-over-year increase remains at a moderate 78.26 %. Depreciation costs fell by -40.86 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 12.24 %. Profit before tax grew annually by 9.84 % but saw a reduction from the preceding quarter by -78.25 %.
Tax expenses as a percentage of profits increased slightly by 0.64 % compared to last year, with a more notable quarter-on-quarter decrease of -2.03 %. Net profit rose by 8.89 % year-on-year but witnessed a -77.63 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 7.41 % but a quarterly fall of -77.69 %. In summary, Teesta Agro 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. 30.48 Cr | Rs. 37.95 Cr | Rs. 30.13 Cr | -20.61 % | -1.15 % |
Expenses | Rs. 29.18 Cr | Rs. 35.15 Cr | Rs. 28.51 Cr | -18.89 % | -2.3 % |
Operating Profit | Rs. 1.3 Cr | Rs. 2.8 Cr | Rs. 1.62 Cr | -42.14 % | + 24.62 % |
Net Profit | Rs. 0.45 Cr | Rs. 2.19 Cr | Rs. 0.49 Cr | -77.63 % | + 8.89 % |
EPS in Rs | Rs. 0.81 | Rs. 3.9 | Rs. 0.87 | -77.69 % | + 7.41 % |
In reviewing Teesta Agro Industries Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.15 % year-on-year, although there was a slight dip of -20.61 % from the previous quarter. Expenses decreased by -2.3 % compared to the previous year, with a decrease of -18.89 % quarter-on-quarter. Operating Profit surged by 24.62 % annually, and saw a -42.14 % decrease from the last quarter.
Net Profit showed yearly increase of 8.89 %, and experienced a -77.63 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 7.41 % annually, however dipped by -77.69 % compared to the last quarter. In essence, while Teesta Agro Industries Ltd 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.
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