Share the post "Transport Corporation of India : Q4 2024 Financial Quarterly Report : YoY Sales Up 10.17 %, QoQ Up 7.67 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 10.17 % in the past year, substantial increase in net sales/revenue by 7.67 %.
- 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 61.45 %. Marginal increase in other income during this quarter, up by 32.13%.
- Profit over the Year and quarter: Significant improvement in profitability for Transport Corporation of India Ltd. Notable increase of 25.35 % in net profit Year to Year, Transport Corporation of India Ltd’s profitability increased by 28.8 % in this quarter.
- EPS over the Year and quarter: EPS increased by 25.00 % Year to Year. EPS increased by 28.54 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 979.33 Cr | Rs. 1002 Cr | Rs. 1078.9 Cr | + 7.67 % | + 10.17 % |
| Expenses | Rs. 871.28 Cr | Rs. 902.1 Cr | Rs. 969.5 Cr | + 7.47 % | + 11.27 % |
| Operating Profit | Rs. 108.05 Cr | Rs. 99.9 Cr | Rs. 109.4 Cr | + 9.51 % | + 1.25 % |
| OPM % | 11.03 % | 9.97 % | 10.14 % | + 0.17 % | -0.89 % |
| Other Income | Rs. 22.67 Cr | Rs. 27.7 Cr | Rs. 36.6 Cr | + 32.13 % | + 61.45 % |
| Interest | Rs. 2.36 Cr | Rs. 3.5 Cr | Rs. 4.1 Cr | + 17.14 % | + 73.73 % |
| Depreciation | Rs. 31.1 Cr | Rs. 33.1 Cr | Rs. 33.4 Cr | + 0.91 % | + 7.4 % |
| Profit before tax | Rs. 97.26 Cr | Rs. 91 Cr | Rs. 108.5 Cr | + 19.23 % | + 11.56 % |
| Tax % | 13.77 % | 14.84 % | 3.26 % | -11.58 % | -10.51 % |
| Net Profit | Rs. 82.41 Cr | Rs. 80.2 Cr | Rs. 103.3 Cr | + 28.8 % | + 25.35 % |
| EPS in Rs | Rs. 10.52 | Rs. 10.23 | Rs. 13.15 | + 28.54 % | + 25 % |
Today, we’re looking at Transport Corporation of India Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 10.17 %. However, it did see a marginal increase of 7.67 % from the previous quarter. Expenses ticked up slightly by 7.47 % quarter-on-quarter, aligning with the annual rise of 11.27 %. Operating profit, while up 1.25 % compared to last year, faced a quarter-on-quarter increase of 9.51 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.89 %, but an expansion of 0.17 % sequentially. Other income rose by 32.13 % compared to the last quarter, despite an annual growth of 61.45 %. Interest expenses surged remarkably by 17.14 % from the previous quarter, yet the year-over-year increase remains at a moderate 73.73 %. Depreciation costs climbed by 0.91 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 7.4 %. Profit before tax grew annually by 11.56 % but saw an increase from the preceding quarter by 19.23 %.
Tax expenses as a percentage of profits decreased slightly by -10.51 % compared to last year, with a more notable quarter-on-quarter decrease of -11.58 %. Net profit rose by 25.35 % year-on-year but experienced a 28.8 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 25 % but a quarterly rise of 28.54 %. In summary, Transport Corporation of India 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. 979.33 Cr | Rs. 1002 Cr | Rs. 1078.9 Cr | + 7.67 % | + 10.17 % |
| Expenses | Rs. 871.28 Cr | Rs. 902.1 Cr | Rs. 969.5 Cr | + 7.47 % | + 11.27 % |
| Operating Profit | Rs. 108.05 Cr | Rs. 99.9 Cr | Rs. 109.4 Cr | + 9.51 % | + 1.25 % |
| Net Profit | Rs. 82.41 Cr | Rs. 80.2 Cr | Rs. 103.3 Cr | + 28.8 % | + 25.35 % |
| EPS in Rs | Rs. 10.52 | Rs. 10.23 | Rs. 13.15 | + 28.54 % | + 25 % |
In reviewing Transport Corporation of India Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 10.17 % year-on-year growth, however, there was a minor increase of 7.67 % from the previous quarter. Expenses rose by 11.27 % compared to the previous year, with a 7.47 % increase quarter-on-quarter. Operating Profit surged by 1.25 % annually, and saw a 9.51 % increase from the last quarter.
Net Profit showed yearly increase of 25.35 %, and experienced a 28.8 % increase from the previous quarter. Earnings Per Share (EPS) rose by 25 % annually, however rose by 28.54 % compared to the last quarter. In essence, while Transport Corporation of India Ltd exhibits strong annual growth 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.
