Share the post "Tips Industries Limited’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales increased by 21.61 % in YoY and decreased by 2.42 % in QoQ"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 21.61 % in the past year, decrease in net sales/revenue by -2.42 %.
- 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 174.74 %. Marginal increase in other income during this quarter, up by 54.94%.
- Profit over the Year and quarter: Significant improvement in profitability for Tips Industries Limited. Notable increase of 40.59 % in net profit Year to Year, Tips Industries Limited’s profitability dropped by -25.65 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 183.10 % Year to Year. EPS increased by 48.89 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 52.016 Cr | Rs. 64.827 Cr | Rs. 63.256 Cr | -2.42 % | + 21.61 % |
| Expenses | Rs. 25.65 Cr | Rs. 21.41 Cr | Rs. 33.08 Cr | + 54.51 % | + 28.97 % |
| Operating Profit | Rs. 26.37 Cr | Rs. 43.42 Cr | Rs. 30.18 Cr | -30.49 % | + 14.45 % |
| OPM % | 50.7 % | 66.98 % | 47.71 % | -19.27 % | -2.99 % |
| Other Income | Rs. 1.94 Cr | Rs. 3.44 Cr | Rs. 5.33 Cr | + 54.94 % | + 174.74 % |
| Interest | Rs. 0.07 Cr | Rs. 0.07 Cr | Rs. 0.08 Cr | + 14.29 % | + 14.29 % |
| Depreciation | Rs. 0.37 Cr | Rs. 0.44 Cr | Rs. 0.5 Cr | + 13.64 % | + 35.14 % |
| Profit before tax | Rs. 27.87 Cr | Rs. 46.35 Cr | Rs. 34.93 Cr | -24.64 % | + 25.33 % |
| Tax % | 34.2 % | 25.24 % | 26.23 % | + 0.99 % | -7.97 % |
| Net Profit | Rs. 18.33 Cr | Rs. 34.65 Cr | Rs. 25.76 Cr | -25.66 % | + 40.53 % |
| EPS in Rs | Rs. 1.42 | Rs. 2.7 | Rs. 4.02 | + 48.89 % | + 183.1 % |
Today, we’re looking at Tips Industries 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 21.61 %. However, it did see a marginal slip of -2.42 % from the previous quarter. Expenses ticked up slightly by 54.51 % quarter-on-quarter, aligning with the annual rise of 28.97 %. Operating profit, while up 14.45 % compared to last year, faced a quarter-on-quarter dip of -30.49 %, 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 -2.99 %, but a shrinkage of -19.27 % sequentially. Other income rose by 54.94 % compared to the last quarter, despite an annual growth of 174.74 %. Interest expenses surged remarkably by 14.29 % from the previous quarter, yet the year-over-year increase remains at a moderate 14.29 %. Depreciation costs climbed by 13.64 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 35.14 %. Profit before tax grew annually by 25.33 % but saw a reduction from the preceding quarter by -24.64 %.
Tax expenses as a percentage of profits decreased slightly by -7.97 % compared to last year, with a more notable quarter-on-quarter increase of 0.99 %. Net profit rose by 40.53 % year-on-year but witnessed a -25.66 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 183.1 % but a quarterly rise of 48.89 %. In summary, Tips Industries 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. 52.016 Cr | Rs. 64.827 Cr | Rs. 63.256 Cr | -2.42 % | + 21.61 % |
| Expenses | Rs. 25.65 Cr | Rs. 21.41 Cr | Rs. 33.08 Cr | + 54.51 % | + 28.97 % |
| Operating Profit | Rs. 26.37 Cr | Rs. 43.42 Cr | Rs. 30.18 Cr | -30.49 % | + 14.45 % |
| Net Profit | Rs. 18.33 Cr | Rs. 34.65 Cr | Rs. 25.76 Cr | -25.66 % | + 40.53 % |
| EPS in Rs | Rs. 1.42 | Rs. 2.7 | Rs. 4.02 | + 48.89 % | + 183.1 % |
In reviewing Tips Industries Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 21.61 % year-on-year growth, although there was a slight dip of -2.42 % from the previous quarter. Expenses rose by 28.97 % compared to the previous year, with a 54.51 % increase quarter-on-quarter. Operating Profit surged by 14.45 % annually, and saw a -30.49 % decrease from the last quarter.
Net Profit showed yearly increase of 40.53 %, and experienced a -25.66 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 183.1 % annually, however rose by 48.89 % compared to the last quarter. In essence, while Tips Industries 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.
