Share the post "Tejas Networks : Q1 2024 Financial Quarterly Report : YoY Sales Up 731.75 %, QoQ Up 17.78 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 731.75 % in the past year, substantial increase in net sales/revenue by 17.78 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -33.11 %, Marginal increase in other income during this quarter, up by 6.02%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Tejas Networks Limited. Profit dropped by -394.71 % Year to Year, Tejas Networks Limited’s profitability dropped by -47.21 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -391.03 % Year to Year. EPS decreased by -47.27 % 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. 187.89 Cr | Rs. 1326.88 Cr | Rs. 1562.77 Cr | + 17.78 % | + 731.75 % |
| Expenses | Rs. 234.16 Cr | Rs. 1020.38 Cr | Rs. 1332.74 Cr | + 30.61 % | + 469.16 % |
| Operating Profit | Rs. -46.27 Cr | Rs. 306.5 Cr | Rs. 230.03 Cr | -24.95 % | + 597.15 % |
| OPM % | -24.63 % | 23.1 % | 14.72 % | -8.38 % | + 39.35 % |
| Other Income | Rs. 19.48 Cr | Rs. 12.29 Cr | Rs. 13.03 Cr | + 6.02 % | -33.11 % |
| Interest | Rs. 4.67 Cr | Rs. 28 Cr | Rs. 56.56 Cr | + 102 % | + 1111.13 % |
| Depreciation | Rs. 34.42 Cr | Rs. 58.18 Cr | Rs. 64.95 Cr | + 11.64 % | + 88.7 % |
| Profit before tax | Rs. -65.88 Cr | Rs. 232.61 Cr | Rs. 121.55 Cr | -47.75 % | + 284.5 % |
| Tax % | -60.09 % | 36.9 % | 36.26 % | -0.64 % | + 96.35 % |
| Net Profit | Rs. -26.29 Cr | Rs. 146.78 Cr | Rs. 77.48 Cr | -47.21 % | + 394.71 % |
| EPS in Rs | Rs. -1.56 | Rs. 8.48 | Rs. 4.44 | -47.64 % | + 384.62 % |
Today, we’re looking at Tejas Networks Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 731.75 %. However, it did see a marginal increase of 17.78 % from the previous quarter. Expenses ticked up slightly by 30.61 % quarter-on-quarter, aligning with the annual rise of 469.16 %. Operating profit, while up 597.15 % compared to last year, faced a quarter-on-quarter dip of -24.95 %, 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 39.35 %, but a shrinkage of -8.38 % sequentially. Other income rose by 6.02 % compared to the last quarter, despite an annual decline of -33.11 %. Interest expenses surged remarkably by 102 % from the previous quarter, yet the year-over-year increase remains at a moderate 1111.13 %. Depreciation costs climbed by 11.64 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 88.7 %. Profit before tax grew annually by 284.5 % but saw a reduction from the preceding quarter by -47.75 %.
Tax expenses as a percentage of profits increased slightly by 96.35 % compared to last year, with a more notable quarter-on-quarter decrease of -0.64 %. Net profit rose by 394.71 % year-on-year but witnessed a -47.21 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 384.62 % but a quarterly fall of -47.64 %. In summary, Tejas Networks 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. 187.89 Cr | Rs. 1326.88 Cr | Rs. 1562.77 Cr | + 17.78 % | + 731.75 % |
| Expenses | Rs. 234.16 Cr | Rs. 1020.38 Cr | Rs. 1332.74 Cr | + 30.61 % | + 469.16 % |
| Operating Profit | Rs. -46.27 Cr | Rs. 306.5 Cr | Rs. 230.03 Cr | -24.95 % | + 597.15 % |
| Net Profit | Rs. -26.29 Cr | Rs. 146.78 Cr | Rs. 77.48 Cr | -47.21 % | + 394.71 % |
| EPS in Rs | Rs. -1.56 | Rs. 8.48 | Rs. 4.44 | -47.64 % | + 384.62 % |
In reviewing Tejas Networks Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 731.75 % year-on-year growth, however, there was a minor increase of 17.78 % from the previous quarter. Expenses rose by 469.16 % compared to the previous year, with a 30.61 % increase quarter-on-quarter. Operating Profit surged by 597.15 % annually, and saw a -24.95 % decrease from the last quarter.
Net Profit showed yearly increase of 394.71 %, and experienced a -47.21 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 384.62 % annually, however dipped by -47.64 % compared to the last quarter. In essence, while Tejas Networks 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.
