Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 16.94 % in the past year, substantial increase in net sales/revenue by 5.26 %.
- 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 1618.75 %. Marginal increase in other income during this quarter, up by 478.95%.
- Profit over the Year and quarter: Significant improvement in profitability for Time Technoplast Limited. Notable increase of 44.55 % in net profit Year to Year, Time Technoplast Limited’s profitability increased by 1.24 % in this quarter.
- EPS over the Year and quarter: EPS increased by 45.20 % Year to Year. EPS increased by 0.74 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 1192.38 Cr | Rs. 1324.65 Cr | Rs. 1394.32 Cr | + 5.26 % | + 16.94 % |
Expenses | Rs. 1023.16 Cr | Rs. 1134.08 Cr | Rs. 1208.17 Cr | + 6.53 % | + 18.08 % |
Operating Profit | Rs. 169.22 Cr | Rs. 190.57 Cr | Rs. 186.15 Cr | -2.32 % | + 10 % |
OPM % | 14.19 % | 14.39 % | 13.35 % | -1.04 % | -0.84 % |
Other Income | Rs. 0.64 Cr | Rs. 1.9 Cr | Rs. 11 Cr | + 478.95 % | + 1618.75 % |
Interest | Rs. 32.59 Cr | Rs. 24.9 Cr | Rs. 24.57 Cr | -1.33 % | -24.61 % |
Depreciation | Rs. 45.35 Cr | Rs. 41.74 Cr | Rs. 39.61 Cr | -5.1 % | -12.66 % |
Profit before tax | Rs. 91.92 Cr | Rs. 125.83 Cr | Rs. 132.97 Cr | + 5.67 % | + 44.66 % |
Tax % | 29.06 % | 26 % | 29.11 % | + 3.11 % | + 0.05 % |
Net Profit | Rs. 65.21 Cr | Rs. 93.11 Cr | Rs. 94.26 Cr | + 1.24 % | + 44.55 % |
EPS in Rs | Rs. 2.8 | Rs. 4.04 | Rs. 4.07 | + 0.74 % | + 45.36 % |
Today, we’re looking at Time Technoplast Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 16.94 %. However, it did see a marginal increase of 5.26 % from the previous quarter. Expenses ticked up slightly by 6.53 % quarter-on-quarter, aligning with the annual rise of 18.08 %. Operating profit, while up 10 % compared to last year, faced a quarter-on-quarter dip of -2.32 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.84 %, but a shrinkage of -1.04 % sequentially. Other income rose by 478.95 % compared to the last quarter, despite an annual growth of 1618.75 %. Interest expenses dropped significantly by -1.33 % from the previous quarter, yet the year-over-year decrease remains at a moderate -24.61 %. Depreciation costs fell by -5.1 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -12.66 %. Profit before tax grew annually by 44.66 % but saw an increase from the preceding quarter by 5.67 %.
Tax expenses as a percentage of profits increased slightly by 0.05 % compared to last year, with a more notable quarter-on-quarter increase of 3.11 %. Net profit rose by 44.55 % year-on-year but experienced a 1.24 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 45.36 % but a quarterly rise of 0.74 %. In summary, Time Technoplast 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. 1192.38 Cr | Rs. 1324.65 Cr | Rs. 1394.32 Cr | + 5.26 % | + 16.94 % |
Expenses | Rs. 1023.16 Cr | Rs. 1134.08 Cr | Rs. 1208.17 Cr | + 6.53 % | + 18.08 % |
Operating Profit | Rs. 169.22 Cr | Rs. 190.57 Cr | Rs. 186.15 Cr | -2.32 % | + 10 % |
Net Profit | Rs. 65.21 Cr | Rs. 93.11 Cr | Rs. 94.26 Cr | + 1.24 % | + 44.55 % |
EPS in Rs | Rs. 2.8 | Rs. 4.04 | Rs. 4.07 | + 0.74 % | + 45.36 % |
In reviewing Time Technoplast Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 16.94 % year-on-year growth, however, there was a minor increase of 5.26 % from the previous quarter. Expenses rose by 18.08 % compared to the previous year, with a 6.53 % increase quarter-on-quarter. Operating Profit surged by 10 % annually, and saw a -2.32 % decrease from the last quarter.
Net Profit showed yearly increase of 44.55 %, and experienced a 1.24 % increase from the previous quarter. Earnings Per Share (EPS) rose by 45.36 % annually, however rose by 0.74 % compared to the last quarter. In essence, while Time Technoplast Limited 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.