Share the post "Transglobe Foods ‘s Q1 Update: Profit Grows by 73.33% YoY"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Profit over the Year and quarter: Challenges in sustaining profitability for Transglobe Foods Ltd.. Profit dropped by -70.67 % Year to Year, Transglobe Foods Ltd.’s profitability dropped by -8.33 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -71.01 % Year to Year. EPS decreased by -9.37 % 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. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.03 Cr | Rs. 0.04 Cr | Rs. 0.03 Cr | -25 % | + 0 % |
| Operating Profit | Rs. -0.03 Cr | Rs. -0.04 Cr | Rs. -0.03 Cr | + 25 % | + 0 % |
| OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Other Income | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Interest | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.01 Cr | + 0 % | + 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. -0.04 Cr | Rs. -0.05 Cr | Rs. -0.04 Cr | + 20 % | + 0 % |
| Tax % | -248.84 % | -0 % | -0 % | 0 % | + 248.84 % |
| Net Profit | Rs. -0.15 Cr | Rs. -0.05 Cr | Rs. -0.04 Cr | + 20 % | + 73.33 % |
| EPS in Rs | Rs. -10.35 | Rs. -3.31 | Rs. -3 | + 9.37 % | + 71.01 % |
Today, we’re looking at Transglobe Foods Ltd.’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -25 % quarter-on-quarter, aligning with the annual rise of 0 %. Operating profit, while up 0 % compared to last year, faced a quarter-on-quarter increase of 25 %, signaling a short-term expansion in margins.
Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Profit before tax grew annually by 0 % but saw an increase from the preceding quarter by 20 %.
Tax expenses as a percentage of profits increased slightly by 248.84 % compared to last year, Net profit rose by 73.33 % year-on-year but experienced a 20 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 71.01 % but a quarterly rise of 9.37 %. In summary, Transglobe Foods 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. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.03 Cr | Rs. 0.04 Cr | Rs. 0.03 Cr | -25 % | + 0 % |
| Operating Profit | Rs. -0.03 Cr | Rs. -0.04 Cr | Rs. -0.03 Cr | + 25 % | + 0 % |
| Net Profit | Rs. -0.15 Cr | Rs. -0.05 Cr | Rs. -0.04 Cr | + 20 % | + 73.33 % |
| EPS in Rs | Rs. -10.35 | Rs. -3.31 | Rs. -3 | + 9.37 % | + 71.01 % |
In reviewing Transglobe Foods Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 0 % compared to the previous year, with a decrease of -25 % quarter-on-quarter. Operating Profit surged by 0 % annually, and saw a 25 % increase from the last quarter.
Net Profit showed yearly increase of 73.33 %, and experienced a 20 % increase from the previous quarter. Earnings Per Share (EPS) rose by 71.01 % annually, however rose by 9.37 % compared to the last quarter. In essence, while Transglobe Foods Ltd. faces strong annual decline 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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