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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 experienced a substantial growth of 61.39 % in the past year, decrease in net sales/revenue by -42.78 %.
- 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 350 %. Marginal decrease of -85.46% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Tirupati Sarjan Ltd.. Notable increase of 57.85 % in net profit Year to Year, Tirupati Sarjan Ltd.’s profitability increased by 35.35 % in this quarter.
- EPS over the Year and quarter: EPS increased by 60.87 % Year to Year. EPS increased by 37.04 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 25.534 Cr | Rs. 72.015 Cr | Rs. 41.21 Cr | -42.78 % | + 61.39 % |
| Expenses | Rs. 22.31 Cr | Rs. 69.01 Cr | Rs. 38.24 Cr | -44.59 % | + 71.4 % |
| Operating Profit | Rs. 3.22 Cr | Rs. 3.01 Cr | Rs. 2.97 Cr | -1.33 % | -7.76 % |
| OPM % | 12.61 % | 4.18 % | 7.21 % | + 3.03 % | -5.4 % |
| Other Income | Rs. 0.036 Cr | Rs. 1.114 Cr | Rs. 0.162 Cr | -85.46 % | + 350 % |
| Interest | Rs. 1.98 Cr | Rs. 1.71 Cr | Rs. 1.18 Cr | -30.99 % | -40.4 % |
| Depreciation | Rs. 0.28 Cr | Rs. 0.56 Cr | Rs. 0.32 Cr | -42.86 % | + 14.29 % |
| Profit before tax | Rs. 1 Cr | Rs. 1.85 Cr | Rs. 1.63 Cr | -11.89 % | + 63 % |
| Tax % | 24.08 % | 51.65 % | 26.01 % | -25.64 % | + 1.93 % |
| Net Profit | Rs. 0.76 Cr | Rs. 0.89 Cr | Rs. 1.21 Cr | + 35.96 % | + 59.21 % |
| EPS in Rs | Rs. 0.32 | Rs. 0.44 | Rs. 0.46 | + 4.55 % | + 43.75 % |
Today, we’re looking at Tirupati Sarjan 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 61.39 %. However, it did see a marginal slip of -42.78 % from the previous quarter. Expenses decreased slightly by -44.59 % quarter-on-quarter, aligning with the annual rise of 71.4 %. Operating profit, while down -7.76 % compared to last year, faced a quarter-on-quarter dip of -1.33 %, 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 -5.4 %, but an expansion of 3.03 % sequentially. Other income fell by -85.46 % compared to the last quarter, despite an annual growth of 350 %. Interest expenses dropped significantly by -30.99 % from the previous quarter, yet the year-over-year decrease remains at a moderate -40.4 %. Depreciation costs fell by -42.86 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 14.29 %. Profit before tax grew annually by 63 % but saw a reduction from the preceding quarter by -11.89 %.
Tax expenses as a percentage of profits increased slightly by 1.93 % compared to last year, with a more notable quarter-on-quarter decrease of -25.64 %. Net profit rose by 59.21 % year-on-year but experienced a 35.96 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 43.75 % but a quarterly rise of 4.55 %. In summary, Tirupati Sarjan 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. 25.534 Cr | Rs. 72.015 Cr | Rs. 41.21 Cr | -42.78 % | + 61.39 % |
| Expenses | Rs. 22.31 Cr | Rs. 69.01 Cr | Rs. 38.24 Cr | -44.59 % | + 71.4 % |
| Operating Profit | Rs. 3.22 Cr | Rs. 3.01 Cr | Rs. 2.97 Cr | -1.33 % | -7.76 % |
| Net Profit | Rs. 0.76 Cr | Rs. 0.89 Cr | Rs. 1.21 Cr | + 35.96 % | + 59.21 % |
| EPS in Rs | Rs. 0.32 | Rs. 0.44 | Rs. 0.46 | + 4.55 % | + 43.75 % |
In reviewing Tirupati Sarjan Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 61.39 % year-on-year growth, although there was a slight dip of -42.78 % from the previous quarter. Expenses rose by 71.4 % compared to the previous year, with a decrease of -44.59 % quarter-on-quarter. Operating Profit dropped by -7.76 % annually, and saw a -1.33 % decrease from the last quarter.
Net Profit showed yearly increase of 59.21 %, and experienced a 35.96 % increase from the previous quarter. Earnings Per Share (EPS) rose by 43.75 % annually, however rose by 4.55 % compared to the last quarter. In essence, while Tirupati Sarjan 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.
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