Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 3.6 % in the past year, decrease in net sales/revenue by -1.94 %.
- 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 108.5 %. Marginal increase in other income during this quarter, up by 58.81%.
- Profit over the Year and quarter: Significant improvement in profitability for Tide Water Oil (India) Ltd.. Notable increase of 24.8 % in net profit Year to Year, Tide Water Oil (India) Ltd.’s profitability increased by 27.89 % in this quarter.
- EPS over the Year and quarter: EPS increased by 24.75 % Year to Year. EPS increased by 27.85 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 469.91 Cr | Rs. 496.45 Cr | Rs. 486.82 Cr | -1.94 % | + 3.6 % |
Expenses | Rs. 429.09 Cr | Rs. 454.84 Cr | Rs. 439.58 Cr | -3.36 % | + 2.44 % |
Operating Profit | Rs. 40.82 Cr | Rs. 41.61 Cr | Rs. 47.24 Cr | + 13.53 % | + 15.73 % |
OPM % | 8.69 % | 8.38 % | 9.7 % | + 1.32 % | + 1.01 % |
Other Income | Rs. 5.88 Cr | Rs. 7.72 Cr | Rs. 12.26 Cr | + 58.81 % | + 108.5 % |
Interest | Rs. 0.31 Cr | Rs. 0.85 Cr | Rs. 0.28 Cr | -67.06 % | -9.68 % |
Depreciation | Rs. 3.75 Cr | Rs. 3.89 Cr | Rs. 3.77 Cr | -3.08 % | + 0.53 % |
Profit before tax | Rs. 42.64 Cr | Rs. 44.59 Cr | Rs. 55.45 Cr | + 24.36 % | + 30.04 % |
Tax % | 20.11 % | 27 % | 24.4 % | -2.6 % | + 4.29 % |
Net Profit | Rs. 34.39 Cr | Rs. 33.56 Cr | Rs. 42.92 Cr | + 27.89 % | + 24.8 % |
EPS in Rs | Rs. 20.24 | Rs. 19.75 | Rs. 25.25 | + 27.85 % | + 24.75 % |
Today, we’re looking at Tide Water Oil (India) Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 3.6 %. However, it did see a marginal slip of -1.94 % from the previous quarter. Expenses decreased slightly by -3.36 % quarter-on-quarter, aligning with the annual rise of 2.44 %. Operating profit, while up 15.73 % compared to last year, faced a quarter-on-quarter increase of 13.53 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.01 %, but an expansion of 1.32 % sequentially. Other income rose by 58.81 % compared to the last quarter, despite an annual growth of 108.5 %. Interest expenses dropped significantly by -67.06 % from the previous quarter, yet the year-over-year decrease remains at a moderate -9.68 %. Depreciation costs fell by -3.08 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0.53 %. Profit before tax grew annually by 30.04 % but saw an increase from the preceding quarter by 24.36 %.
Tax expenses as a percentage of profits increased slightly by 4.29 % compared to last year, with a more notable quarter-on-quarter decrease of -2.6 %. Net profit rose by 24.8 % year-on-year but experienced a 27.89 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 24.75 % but a quarterly rise of 27.85 %. 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. 469.91 Cr | Rs. 496.45 Cr | Rs. 486.82 Cr | -1.94 % | + 3.6 % |
Expenses | Rs. 429.09 Cr | Rs. 454.84 Cr | Rs. 439.58 Cr | -3.36 % | + 2.44 % |
Operating Profit | Rs. 40.82 Cr | Rs. 41.61 Cr | Rs. 47.24 Cr | + 13.53 % | + 15.73 % |
Net Profit | Rs. 34.39 Cr | Rs. 33.56 Cr | Rs. 42.92 Cr | + 27.89 % | + 24.8 % |
EPS in Rs | Rs. 20.24 | Rs. 19.75 | Rs. 25.25 | + 27.85 % | + 24.75 % |
In reviewing Tide Water Oil (India) Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.6 % year-on-year growth, although there was a slight dip of -1.94 % from the previous quarter. Expenses rose by 2.44 % compared to the previous year, with a decrease of -3.36 % quarter-on-quarter. Operating Profit surged by 15.73 % annually, and saw a 13.53 % increase from the last quarter.
Net Profit showed yearly increase of 24.8 %, and experienced a 27.89 % increase from the previous quarter. Earnings Per Share (EPS) rose by 24.75 % annually, however rose by 27.85 % compared to the last quarter. In essence, while Tide Water Oil (India) Ltd. exhibits strong annual growth 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.