Share the post "Transindia Real Estate announced Financial Results Q1 2024"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -29 % over the year, decrease in net sales/revenue by -6.97 %.
- 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 752.7 %. Marginal decrease of -95.44% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Transindia Real Estate Limited. Profit dropped by -22.59 % Year to Year, Transindia Real Estate Limited’s profitability dropped by -97.03 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -24.00 % Year to Year. EPS decreased by -97.07 % 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. 26.31 Cr | Rs. 20.08 Cr | Rs. 18.68 Cr | -6.97 % | -29 % |
Expenses | Rs. 12.97 Cr | Rs. 10.48 Cr | Rs. 13.71 Cr | + 30.82 % | + 5.71 % |
Operating Profit | Rs. 13.34 Cr | Rs. 9.6 Cr | Rs. 4.97 Cr | -48.23 % | -62.74 % |
OPM % | 50.7 % | 47.81 % | 26.61 % | -21.2 % | -24.09 % |
Other Income | Rs. -1.48 Cr | Rs. 211.69 Cr | Rs. 9.66 Cr | -95.44 % | + 752.7 % |
Interest | Rs. 3.03 Cr | Rs. 1.26 Cr | Rs. 1.2 Cr | -4.76 % | -60.4 % |
Depreciation | Rs. 4.18 Cr | Rs. 3.89 Cr | Rs. 3.83 Cr | -1.54 % | -8.37 % |
Profit before tax | Rs. 4.65 Cr | Rs. 216.14 Cr | Rs. 9.6 Cr | -95.56 % | + 106.45 % |
Tax % | 36.13 % | 25.27 % | 50.73 % | + 25.46 % | + 14.6 % |
Net Profit | Rs. 6.11 Cr | Rs. 159 Cr | Rs. 4.73 Cr | -97.03 % | -22.59 % |
EPS in Rs | Rs. 0.25 | Rs. 6.48 | Rs. 0.19 | -97.07 % | -24 % |
Today, we’re looking at Transindia Real Estate 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 -29 %. However, it did see a marginal slip of -6.97 % from the previous quarter. Expenses ticked up slightly by 30.82 % quarter-on-quarter, aligning with the annual rise of 5.71 %. Operating profit, while down -62.74 % compared to last year, faced a quarter-on-quarter dip of -48.23 %, 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 -24.09 %, but a shrinkage of -21.2 % sequentially. Other income fell by -95.44 % compared to the last quarter, despite an annual growth of 752.7 %. Interest expenses dropped significantly by -4.76 % from the previous quarter, yet the year-over-year decrease remains at a moderate -60.4 %. Depreciation costs fell by -1.54 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -8.37 %. Profit before tax grew annually by 106.45 % but saw a reduction from the preceding quarter by -95.56 %.
Tax expenses as a percentage of profits increased slightly by 14.6 % compared to last year, with a more notable quarter-on-quarter increase of 25.46 %. Net profit fell by -22.59 % year-on-year but witnessed a -97.03 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -24 % but a quarterly fall of -97.07 %. In summary, Transindia Real Estate 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. 26.31 Cr | Rs. 20.08 Cr | Rs. 18.68 Cr | -6.97 % | -29 % |
Expenses | Rs. 12.97 Cr | Rs. 10.48 Cr | Rs. 13.71 Cr | + 30.82 % | + 5.71 % |
Operating Profit | Rs. 13.34 Cr | Rs. 9.6 Cr | Rs. 4.97 Cr | -48.23 % | -62.74 % |
Net Profit | Rs. 6.11 Cr | Rs. 159 Cr | Rs. 4.73 Cr | -97.03 % | -22.59 % |
EPS in Rs | Rs. 0.25 | Rs. 6.48 | Rs. 0.19 | -97.07 % | -24 % |
In reviewing Transindia Real Estate Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -29 % year-on-year, although there was a slight dip of -6.97 % from the previous quarter. Expenses rose by 5.71 % compared to the previous year, with a 30.82 % increase quarter-on-quarter. Operating Profit dropped by -62.74 % annually, and saw a -48.23 % decrease from the last quarter.
Net Profit showed yearly decrease of -22.59 %, and experienced a -97.03 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -24 % annually, however dipped by -97.07 % compared to the last quarter. In essence, while Transindia Real Estate 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.
[my_shortcode1 values=”Transindia Real Estate “]