Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 20.6 % in the past year, decrease in net sales/revenue by -11.79 %.
- 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 39.72 %. Marginal increase in other income during this quarter, up by 16.7%.
- Profit over the Year and quarter: Significant improvement in profitability for Titan Company Limited. Notable increase of 4.79 % in net profit Year to Year, Titan Company Limited’s profitability dropped by -26.79 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 5.60 % Year to Year. EPS decreased by -27.12 % 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. 10360 Cr | Rs. 14164 Cr | Rs. 12494 Cr | -11.79 % | + 20.6 % |
| Expenses | Rs. 9271 Cr | Rs. 12599 Cr | Rs. 11303 Cr | -10.29 % | + 21.92 % |
| Operating Profit | Rs. 1089 Cr | Rs. 1565 Cr | Rs. 1191 Cr | -23.9 % | + 9.37 % |
| OPM % | 10.51 % | 11.05 % | 9.53 % | -1.52 % | -0.98 % |
| Other Income | Rs. 114 Cr | Rs. 136.49 Cr | Rs. 159.28 Cr | + 16.7 % | + 39.72 % |
| Interest | Rs. 96 Cr | Rs. 169 Cr | Rs. 201 Cr | + 18.93 % | + 109.38 % |
| Depreciation | Rs. 119 Cr | Rs. 154 Cr | Rs. 158 Cr | + 2.6 % | + 32.77 % |
| Profit before tax | Rs. 988 Cr | Rs. 1378.49 Cr | Rs. 991.28 Cr | -28.09 % | + 0.33 % |
| Tax % | 25.51 % | 23.58 % | 22.2 % | -1.38 % | -3.31 % |
| Net Profit | Rs. 736 Cr | Rs. 1053.49 Cr | Rs. 771.28 Cr | -26.79 % | + 4.79 % |
| EPS in Rs | Rs. 8.22 | Rs. 11.91 | Rs. 8.68 | -27.12 % | + 5.6 % |
Today, we’re looking at Titan Company 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 20.6 %. However, it did see a marginal slip of -11.79 % from the previous quarter. Expenses decreased slightly by -10.29 % quarter-on-quarter, aligning with the annual rise of 21.92 %. Operating profit, while up 9.37 % compared to last year, faced a quarter-on-quarter dip of -23.9 %, 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 -0.98 %, but a shrinkage of -1.52 % sequentially. Other income rose by 16.7 % compared to the last quarter, despite an annual growth of 39.72 %. Interest expenses surged remarkably by 18.93 % from the previous quarter, yet the year-over-year increase remains at a moderate 109.38 %. Depreciation costs climbed by 2.6 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 32.77 %. Profit before tax grew annually by 0.33 % but saw a reduction from the preceding quarter by -28.09 %.
Tax expenses as a percentage of profits decreased slightly by -3.31 % compared to last year, with a more notable quarter-on-quarter decrease of -1.38 %. Net profit rose by 4.79 % year-on-year but witnessed a -26.79 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 5.6 % but a quarterly fall of -27.12 %. In summary, Titan Company 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. 10360 Cr | Rs. 14164 Cr | Rs. 12494 Cr | -11.79 % | + 20.6 % |
| Expenses | Rs. 9271 Cr | Rs. 12599 Cr | Rs. 11303 Cr | -10.29 % | + 21.92 % |
| Operating Profit | Rs. 1089 Cr | Rs. 1565 Cr | Rs. 1191 Cr | -23.9 % | + 9.37 % |
| Net Profit | Rs. 736 Cr | Rs. 1053.49 Cr | Rs. 771.28 Cr | -26.79 % | + 4.79 % |
| EPS in Rs | Rs. 8.22 | Rs. 11.91 | Rs. 8.68 | -27.12 % | + 5.6 % |
In reviewing Titan Company Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 20.6 % year-on-year growth, although there was a slight dip of -11.79 % from the previous quarter. Expenses rose by 21.92 % compared to the previous year, with a decrease of -10.29 % quarter-on-quarter. Operating Profit surged by 9.37 % annually, and saw a -23.9 % decrease from the last quarter.
Net Profit showed yearly increase of 4.79 %, and experienced a -26.79 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 5.6 % annually, however dipped by -27.12 % compared to the last quarter. In essence, while Titan Company 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.
