Highlights
- Sales over the Year and quarter: The company’s sales declined by -14.86 % over the year, decrease in net sales/revenue by -0.36 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -25.41 %, Marginal decrease of -26.02% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Triveni Engineering & Industries Ltd. Profit dropped by -15.38 % Year to Year, Triveni Engineering & Industries Ltd’s profitability increased by 17.21 % in this quarter.
- EPS over the Year and quarter: EPS declined by -8.91 % Year to Year. EPS increased by 17.2 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1818.29 Cr | Rs. 1553.64 Cr | Rs. 1548.12 Cr | -0.36 % | -14.86 % |
| Expenses | Rs. 1555.02 Cr | Rs. 1360.67 Cr | Rs. 1302.52 Cr | -4.27 % | -16.24 % |
| Operating Profit | Rs. 263.27 Cr | Rs. 192.97 Cr | Rs. 245.6 Cr | + 27.27 % | -6.71 % |
| OPM % | 14.48 % | 12.42 % | 15.86 % | + 3.44 % | + 1.38 % |
| Other Income | Rs. 21.57 Cr | Rs. 21.75 Cr | Rs. 16.09 Cr | -26.02 % | -25.41 % |
| Interest | Rs. 9.8 Cr | Rs. 6.47 Cr | Rs. 18.01 Cr | + 178.36 % | + 83.78 % |
| Depreciation | Rs. 24.47 Cr | Rs. 26.16 Cr | Rs. 26.94 Cr | + 2.98 % | + 10.09 % |
| Profit before tax | Rs. 250.57 Cr | Rs. 182.09 Cr | Rs. 216.74 Cr | + 19.03 % | -13.5 % |
| Tax % | 24.05 % | 24.52 % | 25.76 % | + 1.24 % | + 1.71 % |
| Net Profit | Rs. 190.31 Cr | Rs. 137.4 Cr | Rs. 161.04 Cr | + 17.21 % | -15.38 % |
| EPS in Rs | Rs. 8.08 | Rs. 6.28 | Rs. 7.36 | + 17.2 % | -8.91 % |
Today, we’re looking at Triveni Engineering & Industries Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -14.86 %. However, it did see a marginal slip of -0.36 % from the previous quarter. Expenses decreased slightly by -4.27 % quarter-on-quarter, aligning with the annual decline of -16.24 %. Operating profit, while down -6.71 % compared to last year, faced a quarter-on-quarter increase of 27.27 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.38 %, but an expansion of 3.44 % sequentially. Other income fell by -26.02 % compared to the last quarter, despite an annual decline of -25.41 %. Interest expenses surged remarkably by 178.36 % from the previous quarter, yet the year-over-year increase remains at a moderate 83.78 %. Depreciation costs climbed by 2.98 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 10.09 %. Profit before tax declined annually by -13.5 % but saw an increase from the preceding quarter by 19.03 %.
Tax expenses as a percentage of profits increased slightly by 1.71 % compared to last year, with a more notable quarter-on-quarter increase of 1.24 %. Net profit fell by -15.38 % year-on-year but experienced a 17.21 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -8.91 % but a quarterly rise of 17.2 %. In summary, Triveni Engineering & Industries 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. 1818.29 Cr | Rs. 1553.64 Cr | Rs. 1548.12 Cr | -0.36 % | -14.86 % |
| Expenses | Rs. 1555.02 Cr | Rs. 1360.67 Cr | Rs. 1302.52 Cr | -4.27 % | -16.24 % |
| Operating Profit | Rs. 263.27 Cr | Rs. 192.97 Cr | Rs. 245.6 Cr | + 27.27 % | -6.71 % |
| Net Profit | Rs. 190.31 Cr | Rs. 137.4 Cr | Rs. 161.04 Cr | + 17.21 % | -15.38 % |
| EPS in Rs | Rs. 8.08 | Rs. 6.28 | Rs. 7.36 | + 17.2 % | -8.91 % |
In reviewing Triveni Engineering & Industries Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -14.86 % year-on-year, although there was a slight dip of -0.36 % from the previous quarter. Expenses decreased by -16.24 % compared to the previous year, with a decrease of -4.27 % quarter-on-quarter. Operating Profit dropped by -6.71 % annually, and saw a 27.27 % increase from the last quarter.
Net Profit showed yearly decrease of -15.38 %, and experienced a 17.21 % increase from the previous quarter. Earnings Per Share (EPS) fell by -8.91 % annually, however rose by 17.2 % compared to the last quarter. In essence, while Triveni Engineering & Industries 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.
