Share the post "TITAGARH RAIL SYSTEMS : Q1 2024 Financial Quarterly Report : YoY Sales Down 0.85 %, QoQ Down 14.19 %"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -0.85 % over the year, decrease in net sales/revenue by -14.19 %.
- 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 26.94 %. Marginal decrease of -16.65% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for TITAGARH RAIL SYSTEMS LIMITED. Notable increase of 5.53 % in net profit Year to Year, TITAGARH RAIL SYSTEMS LIMITED’s profitability dropped by -14.51 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -6.19 % Year to Year. EPS decreased by -19.08 % 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. 910.759 Cr | Rs. 1052.411 Cr | Rs. 903.05 Cr | -14.19 % | -0.85 % |
| Expenses | Rs. 804.66 Cr | Rs. 932.34 Cr | Rs. 801.22 Cr | -14.06 % | -0.43 % |
| Operating Profit | Rs. 106.1 Cr | Rs. 120.07 Cr | Rs. 101.83 Cr | -15.19 % | -4.02 % |
| OPM % | 11.65 % | 11.41 % | 11.28 % | -0.13 % | -0.37 % |
| Other Income | Rs. 9.682 Cr | Rs. 14.745 Cr | Rs. 12.29 Cr | -16.65 % | + 26.94 % |
| Interest | Rs. 19.1 Cr | Rs. 15.83 Cr | Rs. 12.52 Cr | -20.91 % | -34.45 % |
| Depreciation | Rs. 6.64 Cr | Rs. 6.99 Cr | Rs. 7.14 Cr | + 2.15 % | + 7.53 % |
| Profit before tax | Rs. 90.04 Cr | Rs. 112 Cr | Rs. 94.46 Cr | -15.66 % | + 4.91 % |
| Tax % | 24.96 % | 25.52 % | 24.51 % | -1.01 % | -0.45 % |
| Net Profit | Rs. 67.57 Cr | Rs. 83.42 Cr | Rs. 71.31 Cr | -14.52 % | + 5.54 % |
| EPS in Rs | Rs. 5.65 | Rs. 6.55 | Rs. 5.3 | -19.08 % | -6.19 % |
Today, we’re looking at TITAGARH RAIL SYSTEMS LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -0.85 %. However, it did see a marginal slip of -14.19 % from the previous quarter. Expenses decreased slightly by -14.06 % quarter-on-quarter, aligning with the annual decline of -0.43 %. Operating profit, while down -4.02 % compared to last year, faced a quarter-on-quarter dip of -15.19 %, 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 -0.37 %, but a shrinkage of -0.13 % sequentially. Other income fell by -16.65 % compared to the last quarter, despite an annual growth of 26.94 %. Interest expenses dropped significantly by -20.91 % from the previous quarter, yet the year-over-year decrease remains at a moderate -34.45 %. Depreciation costs climbed by 2.15 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 7.53 %. Profit before tax grew annually by 4.91 % but saw a reduction from the preceding quarter by -15.66 %.
Tax expenses as a percentage of profits decreased slightly by -0.45 % compared to last year, with a more notable quarter-on-quarter decrease of -1.01 %. Net profit rose by 5.54 % year-on-year but witnessed a -14.52 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -6.19 % but a quarterly fall of -19.08 %. In summary, TITAGARH RAIL SYSTEMS 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. 910.759 Cr | Rs. 1052.411 Cr | Rs. 903.05 Cr | -14.19 % | -0.85 % |
| Expenses | Rs. 804.66 Cr | Rs. 932.34 Cr | Rs. 801.22 Cr | -14.06 % | -0.43 % |
| Operating Profit | Rs. 106.1 Cr | Rs. 120.07 Cr | Rs. 101.83 Cr | -15.19 % | -4.02 % |
| Net Profit | Rs. 67.57 Cr | Rs. 83.42 Cr | Rs. 71.31 Cr | -14.52 % | + 5.54 % |
| EPS in Rs | Rs. 5.65 | Rs. 6.55 | Rs. 5.3 | -19.08 % | -6.19 % |
In reviewing TITAGARH RAIL SYSTEMS LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -0.85 % year-on-year, although there was a slight dip of -14.19 % from the previous quarter. Expenses decreased by -0.43 % compared to the previous year, with a decrease of -14.06 % quarter-on-quarter. Operating Profit dropped by -4.02 % annually, and saw a -15.19 % decrease from the last quarter.
Net Profit showed yearly increase of 5.54 %, and experienced a -14.52 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -6.19 % annually, however dipped by -19.08 % compared to the last quarter. In essence, while TITAGARH RAIL SYSTEMS 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.
