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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 -74.95 % over the year, decrease in net sales/revenue by -74.13 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -12.49 %, Marginal increase in other income during this quarter, up by 4.77%.
- Profit over the Year and quarter: Challenges in sustaining profitability for The Investment Trust Of India Limited. Profit dropped by -474.11 % Year to Year, The Investment Trust Of India Limited’s profitability dropped by -66.51 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -500.00 % Year to Year. EPS decreased by -66.67 % 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. 10.245 Cr | Rs. 9.918 Cr | Rs. 2.566 Cr | -74.13 % | -74.95 % |
| Expenses | Rs. 10.47 Cr | Rs. 10.82 Cr | Rs. 3.08 Cr | -71.53 % | -70.58 % |
| Operating Profit | Rs. -0.23 Cr | Rs. -0.9 Cr | Rs. -0.51 Cr | + 43.33 % | -121.74 % |
| OPM % | -2.24 % | -9.07 % | -19.88 % | -10.81 % | -17.64 % |
| Other Income | Rs. 2.738 Cr | Rs. 2.287 Cr | Rs. 2.396 Cr | + 4.77 % | -12.49 % |
| Interest | Rs. 1.5 Cr | Rs. 1.3 Cr | Rs. 1.18 Cr | -9.23 % | -21.33 % |
| Depreciation | Rs. 0.96 Cr | Rs. 0.88 Cr | Rs. 0.81 Cr | -7.95 % | -15.63 % |
| Profit before tax | Rs. 0.05 Cr | Rs. -0.79 Cr | Rs. -0.1 Cr | + 87.34 % | -300 % |
| Tax % | 86.67 % | -56.84 % | -306.8 % | -249.96 % | -393.47 % |
| Net Profit | Rs. 0.11 Cr | Rs. -1.25 Cr | Rs. -0.42 Cr | + 66.4 % | -481.82 % |
| EPS in Rs | Rs. 0.02 | Rs. -0.24 | Rs. -0.08 | + 66.67 % | -500 % |
Today, we’re looking at The Investment Trust Of India Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -74.95 %. However, it did see a marginal slip of -74.13 % from the previous quarter. Expenses decreased slightly by -71.53 % quarter-on-quarter, aligning with the annual decline of -70.58 %. Operating profit, while down -121.74 % compared to last year, faced a quarter-on-quarter increase of 43.33 %, 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 -17.64 %, but a shrinkage of -10.81 % sequentially. Other income rose by 4.77 % compared to the last quarter, despite an annual decline of -12.49 %. Interest expenses dropped significantly by -9.23 % from the previous quarter, yet the year-over-year decrease remains at a moderate -21.33 %. Depreciation costs fell by -7.95 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -15.63 %. Profit before tax declined annually by -300 % but saw an increase from the preceding quarter by 87.34 %.
Tax expenses as a percentage of profits decreased slightly by -393.47 % compared to last year, with a more notable quarter-on-quarter decrease of -249.96 %. Net profit fell by -481.82 % year-on-year but experienced a 66.4 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -500 % but a quarterly rise of 66.67 %. In summary, The Investment Trust Of India 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. 10.245 Cr | Rs. 9.918 Cr | Rs. 2.566 Cr | -74.13 % | -74.95 % |
| Expenses | Rs. 10.47 Cr | Rs. 10.82 Cr | Rs. 3.08 Cr | -71.53 % | -70.58 % |
| Operating Profit | Rs. -0.23 Cr | Rs. -0.9 Cr | Rs. -0.51 Cr | + 43.33 % | -121.74 % |
| Net Profit | Rs. 0.11 Cr | Rs. -1.25 Cr | Rs. -0.42 Cr | + 66.4 % | -481.82 % |
| EPS in Rs | Rs. 0.02 | Rs. -0.24 | Rs. -0.08 | + 66.67 % | -500 % |
In reviewing The Investment Trust Of India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -74.95 % year-on-year, although there was a slight dip of -74.13 % from the previous quarter. Expenses decreased by -70.58 % compared to the previous year, with a decrease of -71.53 % quarter-on-quarter. Operating Profit dropped by -121.74 % annually, and saw a 43.33 % increase from the last quarter.
Net Profit showed yearly decrease of -481.82 %, and experienced a 66.4 % increase from the previous quarter. Earnings Per Share (EPS) fell by -500 % annually, however rose by 66.67 % compared to the last quarter. In essence, while The Investment Trust Of India Limited 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.
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