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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 16 % in the past year, substantial increase in net sales/revenue by 9.56 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -1.6 %, Marginal increase in other income during this quarter, up by 2.5%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Titan Company Limited. Profit dropped by -23.14 % Year to Year, Titan Company Limited’s profitability dropped by -1.54 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -22.99 % Year to Year. EPS decreased by -1.49 % 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. 12529 Cr | Rs. 13266 Cr | Rs. 14534 Cr | + 9.56 % | + 16 % |
Expenses | Rs. 11118 Cr | Rs. 12019 Cr | Rs. 13298 Cr | + 10.64 % | + 19.61 % |
Operating Profit | Rs. 1411 Cr | Rs. 1247 Cr | Rs. 1236 Cr | -0.88 % | -12.4 % |
OPM % | 11.26 % | 9.4 % | 8.5 % | -0.9 % | -2.76 % |
Other Income | Rs. 125 Cr | Rs. 120 Cr | Rs. 123 Cr | + 2.5 % | -1.6 % |
Interest | Rs. 140 Cr | Rs. 230 Cr | Rs. 240 Cr | + 4.35 % | + 71.43 % |
Depreciation | Rs. 144 Cr | Rs. 164 Cr | Rs. 171 Cr | + 4.27 % | + 18.75 % |
Profit before tax | Rs. 1252 Cr | Rs. 973 Cr | Rs. 948 Cr | -2.57 % | -24.28 % |
Tax % | 26.86 % | 26.52 % | 25.77 % | -0.75 % | -1.09 % |
Net Profit | Rs. 916 Cr | Rs. 715 Cr | Rs. 704 Cr | -1.54 % | -23.14 % |
EPS in Rs | Rs. 10.31 | Rs. 8.06 | Rs. 7.93 | -1.61 % | -23.08 % |
Today, we’re looking at Titan Company Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 16 %. However, it did see a marginal increase of 9.56 % from the previous quarter. Expenses ticked up slightly by 10.64 % quarter-on-quarter, aligning with the annual rise of 19.61 %. Operating profit, while down -12.4 % compared to last year, faced a quarter-on-quarter dip of -0.88 %, 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 -2.76 %, but a shrinkage of -0.9 % sequentially. Other income rose by 2.5 % compared to the last quarter, despite an annual decline of -1.6 %. Interest expenses surged remarkably by 4.35 % from the previous quarter, yet the year-over-year increase remains at a moderate 71.43 %. Depreciation costs climbed by 4.27 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 18.75 %. Profit before tax declined annually by -24.28 % but saw a reduction from the preceding quarter by -2.57 %.
Tax expenses as a percentage of profits decreased slightly by -1.09 % compared to last year, with a more notable quarter-on-quarter decrease of -0.75 %. Net profit fell by -23.14 % year-on-year but witnessed a -1.54 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -23.08 % but a quarterly fall of -1.61 %. 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. 12529 Cr | Rs. 13266 Cr | Rs. 14534 Cr | + 9.56 % | + 16 % |
Expenses | Rs. 11118 Cr | Rs. 12019 Cr | Rs. 13298 Cr | + 10.64 % | + 19.61 % |
Operating Profit | Rs. 1411 Cr | Rs. 1247 Cr | Rs. 1236 Cr | -0.88 % | -12.4 % |
Net Profit | Rs. 916 Cr | Rs. 715 Cr | Rs. 704 Cr | -1.54 % | -23.14 % |
EPS in Rs | Rs. 10.31 | Rs. 8.06 | Rs. 7.93 | -1.61 % | -23.08 % |
In reviewing Titan Company Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 16 % year-on-year growth, however, there was a minor increase of 9.56 % from the previous quarter. Expenses rose by 19.61 % compared to the previous year, with a 10.64 % increase quarter-on-quarter. Operating Profit dropped by -12.4 % annually, and saw a -0.88 % decrease from the last quarter.
Net Profit showed yearly decrease of -23.14 %, and experienced a -1.54 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -23.08 % annually, however dipped by -1.61 % compared to the last quarter. In essence, while Titan Company Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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