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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 3.63 % in the past year, substantial increase in net sales/revenue by 1.11 %.
- 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 48.79 %. Marginal increase in other income during this quarter, up by 12.27%.
- Profit over the Year and quarter: Significant improvement in profitability for Tracxn Technologies Limited. Notable increase of 84.76 % in net profit Year to Year, Tracxn Technologies Limited’s profitability dropped by -10.67 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 71.43 % Year to Year. EPS decreased by -7.69 % 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. 19.82 Cr | Rs. 20.315 Cr | Rs. 20.54 Cr | + 1.11 % | + 3.63 % |
| Expenses | Rs. 19.81 Cr | Rs. 19.64 Cr | Rs. 20.26 Cr | + 3.16 % | + 2.27 % |
| Operating Profit | Rs. 0.01 Cr | Rs. 0.68 Cr | Rs. 0.28 Cr | -58.82 % | + 2700 % |
| OPM % | 0.05 % | 3.35 % | 1.36 % | -1.99 % | + 1.31 % |
| Other Income | Rs. 0.947 Cr | Rs. 1.255 Cr | Rs. 1.409 Cr | + 12.27 % | + 48.79 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.04 Cr | Rs. 0.04 Cr | Rs. 0.02 Cr | -50 % | -50 % |
| Profit before tax | Rs. 0.92 Cr | Rs. 1.9 Cr | Rs. 1.67 Cr | -12.11 % | + 81.52 % |
| Tax % | 25.19 % | 24.48 % | 24 % | -0.48 % | -1.19 % |
| Net Profit | Rs. 0.69 Cr | Rs. 1.43 Cr | Rs. 1.27 Cr | -11.19 % | + 84.06 % |
| EPS in Rs | Rs. 0.06 | Rs. 0.13 | Rs. 0.12 | -7.69 % | + 100 % |
Today, we’re looking at Tracxn Technologies Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 3.63 %. However, it did see a marginal increase of 1.11 % from the previous quarter. Expenses ticked up slightly by 3.16 % quarter-on-quarter, aligning with the annual rise of 2.27 %. Operating profit, while up 2700 % compared to last year, faced a quarter-on-quarter dip of -58.82 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.31 %, but a shrinkage of -1.99 % sequentially. Other income rose by 12.27 % compared to the last quarter, despite an annual growth of 48.79 %. Depreciation costs fell by -50 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -50 %. Profit before tax grew annually by 81.52 % but saw a reduction from the preceding quarter by -12.11 %.
Tax expenses as a percentage of profits decreased slightly by -1.19 % compared to last year, with a more notable quarter-on-quarter decrease of -0.48 %. Net profit rose by 84.06 % year-on-year but witnessed a -11.19 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 100 % but a quarterly fall of -7.69 %. In summary, Tracxn Technologies 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. 19.82 Cr | Rs. 20.315 Cr | Rs. 20.54 Cr | + 1.11 % | + 3.63 % |
| Expenses | Rs. 19.81 Cr | Rs. 19.64 Cr | Rs. 20.26 Cr | + 3.16 % | + 2.27 % |
| Operating Profit | Rs. 0.01 Cr | Rs. 0.68 Cr | Rs. 0.28 Cr | -58.82 % | + 2700 % |
| Net Profit | Rs. 0.69 Cr | Rs. 1.43 Cr | Rs. 1.27 Cr | -11.19 % | + 84.06 % |
| EPS in Rs | Rs. 0.06 | Rs. 0.13 | Rs. 0.12 | -7.69 % | + 100 % |
In reviewing Tracxn Technologies Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.63 % year-on-year growth, however, there was a minor increase of 1.11 % from the previous quarter. Expenses rose by 2.27 % compared to the previous year, with a 3.16 % increase quarter-on-quarter. Operating Profit surged by 2700 % annually, and saw a -58.82 % decrease from the last quarter.
Net Profit showed yearly increase of 84.06 %, and experienced a -11.19 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 100 % annually, however dipped by -7.69 % compared to the last quarter. In essence, while Tracxn Technologies 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.
