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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 1.08 % in the past year, decrease in net sales/revenue by -1.63 %.
- 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 63.94 %. Marginal decrease of -4.17% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Tide Water Oil (India) Ltd.. Notable increase of 18.98 % in net profit Year to Year, Tide Water Oil (India) Ltd.’s profitability dropped by -13.54 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 19.02 % Year to Year. EPS decreased by -13.5 % 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. 473.74 Cr | Rs. 486.82 Cr | Rs. 478.87 Cr | -1.63 % | + 1.08 % |
| Expenses | Rs. 435.21 Cr | Rs. 439.58 Cr | Rs. 437.47 Cr | -0.48 % | + 0.52 % |
| Operating Profit | Rs. 38.53 Cr | Rs. 47.24 Cr | Rs. 41.4 Cr | -12.36 % | + 7.45 % |
| OPM % | 8.13 % | 9.7 % | 8.65 % | -1.05 % | + 0.52 % |
| Other Income | Rs. 4.77 Cr | Rs. 8.16 Cr | Rs. 7.82 Cr | -4.17 % | + 63.94 % |
| Interest | Rs. 0.32 Cr | Rs. 0.28 Cr | Rs. 0.68 Cr | + 142.86 % | + 112.5 % |
| Depreciation | Rs. 3.79 Cr | Rs. 3.77 Cr | Rs. 5.11 Cr | + 35.54 % | + 34.83 % |
| Profit before tax | Rs. 39.19 Cr | Rs. 51.35 Cr | Rs. 43.43 Cr | -15.42 % | + 10.82 % |
| Tax % | 27.53 % | 24.4 % | 29.4 % | + 5 % | + 1.87 % |
| Net Profit | Rs. 31.19 Cr | Rs. 42.92 Cr | Rs. 37.11 Cr | -13.54 % | + 18.98 % |
| EPS in Rs | Rs. 18.35 | Rs. 25.25 | Rs. 21.84 | -13.5 % | + 19.02 % |
Today, we’re looking at Tide Water Oil (India) Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 1.08 %. However, it did see a marginal slip of -1.63 % from the previous quarter. Expenses decreased slightly by -0.48 % quarter-on-quarter, aligning with the annual rise of 0.52 %. Operating profit, while up 7.45 % compared to last year, faced a quarter-on-quarter dip of -12.36 %, 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 0.52 %, but a shrinkage of -1.05 % sequentially. Other income fell by -4.17 % compared to the last quarter, despite an annual growth of 63.94 %. Interest expenses surged remarkably by 142.86 % from the previous quarter, yet the year-over-year increase remains at a moderate 112.5 %. Depreciation costs climbed by 35.54 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 34.83 %. Profit before tax grew annually by 10.82 % but saw a reduction from the preceding quarter by -15.42 %.
Tax expenses as a percentage of profits increased slightly by 1.87 % compared to last year, with a more notable quarter-on-quarter increase of 5 %. Net profit rose by 18.98 % year-on-year but witnessed a -13.54 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 19.02 % but a quarterly fall of -13.5 %. In summary, Tide Water Oil (India) 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. 473.74 Cr | Rs. 486.82 Cr | Rs. 478.87 Cr | -1.63 % | + 1.08 % |
| Expenses | Rs. 435.21 Cr | Rs. 439.58 Cr | Rs. 437.47 Cr | -0.48 % | + 0.52 % |
| Operating Profit | Rs. 38.53 Cr | Rs. 47.24 Cr | Rs. 41.4 Cr | -12.36 % | + 7.45 % |
| Net Profit | Rs. 31.19 Cr | Rs. 42.92 Cr | Rs. 37.11 Cr | -13.54 % | + 18.98 % |
| EPS in Rs | Rs. 18.35 | Rs. 25.25 | Rs. 21.84 | -13.5 % | + 19.02 % |
In reviewing Tide Water Oil (India) Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 1.08 % year-on-year growth, although there was a slight dip of -1.63 % from the previous quarter. Expenses rose by 0.52 % compared to the previous year, with a decrease of -0.48 % quarter-on-quarter. Operating Profit surged by 7.45 % annually, and saw a -12.36 % decrease from the last quarter.
Net Profit showed yearly increase of 18.98 %, and experienced a -13.54 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 19.02 % annually, however dipped by -13.5 % compared to the last quarter. In essence, while Tide Water Oil (India) 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.
