Share the post "TruCap Finance announced Financial Results Q1 2024"
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 37.63 % in the past year, substantial increase in net sales/revenue by 26.21 %.
- 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 18400 %. Marginal decrease of -96.79% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for TruCap Finance Limited. Notable increase of 10.21 % in net profit Year to Year, TruCap Finance Limited’s profitability dropped by -76.19 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 9.09 % Year to Year. EPS decreased by -76 % 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. 37.777 Cr | Rs. 41.194 Cr | Rs. 51.991 Cr | + 26.21 % | + 37.63 % |
| Expenses | Rs. 17.11 Cr | Rs. 23.62 Cr | Rs. 22.06 Cr | -6.6 % | + 28.93 % |
| Operating Profit | Rs. 20.67 Cr | Rs. 17.57 Cr | Rs. 29.93 Cr | + 70.35 % | + 44.8 % |
| OPM % | 54.72 % | 42.65 % | 57.57 % | + 14.92 % | + 2.85 % |
| Other Income | Rs. 0.002 Cr | Rs. 11.537 Cr | Rs. 0.37 Cr | -96.79 % | + 18400 % |
| Interest | Rs. 17.34 Cr | Rs. 22.68 Cr | Rs. 26.14 Cr | + 15.26 % | + 50.75 % |
| Depreciation | Rs. 1.65 Cr | Rs. 2.17 Cr | Rs. 2.1 Cr | -3.23 % | + 27.27 % |
| Profit before tax | Rs. 1.68 Cr | Rs. 4.26 Cr | Rs. 2.06 Cr | -51.64 % | + 22.62 % |
| Tax % | 25.03 % | 37.15 % | 32.25 % | -4.9 % | + 7.22 % |
| Net Profit | Rs. 1.26 Cr | Rs. 5.85 Cr | Rs. 1.39 Cr | -76.24 % | + 10.32 % |
| EPS in Rs | Rs. 0.11 | Rs. 0.49 | Rs. 0.12 | -75.51 % | + 9.09 % |
Today, we’re looking at TruCap Finance 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 37.63 %. However, it did see a marginal increase of 26.21 % from the previous quarter. Expenses decreased slightly by -6.6 % quarter-on-quarter, aligning with the annual rise of 28.93 %. Operating profit, while up 44.8 % compared to last year, faced a quarter-on-quarter increase of 70.35 %, 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 2.85 %, but an expansion of 14.92 % sequentially. Other income fell by -96.79 % compared to the last quarter, despite an annual growth of 18400 %. Interest expenses surged remarkably by 15.26 % from the previous quarter, yet the year-over-year increase remains at a moderate 50.75 %. Depreciation costs fell by -3.23 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 27.27 %. Profit before tax grew annually by 22.62 % but saw a reduction from the preceding quarter by -51.64 %.
Tax expenses as a percentage of profits increased slightly by 7.22 % compared to last year, with a more notable quarter-on-quarter decrease of -4.9 %. Net profit rose by 10.32 % year-on-year but witnessed a -76.24 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 9.09 % but a quarterly fall of -75.51 %. In summary, TruCap Finance 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. 37.777 Cr | Rs. 41.194 Cr | Rs. 51.991 Cr | + 26.21 % | + 37.63 % |
| Expenses | Rs. 17.11 Cr | Rs. 23.62 Cr | Rs. 22.06 Cr | -6.6 % | + 28.93 % |
| Operating Profit | Rs. 20.67 Cr | Rs. 17.57 Cr | Rs. 29.93 Cr | + 70.35 % | + 44.8 % |
| Net Profit | Rs. 1.26 Cr | Rs. 5.85 Cr | Rs. 1.39 Cr | -76.24 % | + 10.32 % |
| EPS in Rs | Rs. 0.11 | Rs. 0.49 | Rs. 0.12 | -75.51 % | + 9.09 % |
In reviewing TruCap Finance Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 37.63 % year-on-year growth, however, there was a minor increase of 26.21 % from the previous quarter. Expenses rose by 28.93 % compared to the previous year, with a decrease of -6.6 % quarter-on-quarter. Operating Profit surged by 44.8 % annually, and saw a 70.35 % increase from the last quarter.
Net Profit showed yearly increase of 10.32 %, and experienced a -76.24 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 9.09 % annually, however dipped by -75.51 % compared to the last quarter. In essence, while TruCap Finance Limited 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.
158
3-Year Profit
41
5-Year Profit
69
10-Year Profit
27.8
Current Price
325
Market Cap
The company associated with BSE code 540268 presents a financial narrative of mixed fortunes. Over a five-year period, the company achieved a profit of 41 percents, which subsequently rose to 158 percents over the three years that followed. Yet, despite this initial growth, the company now faces a troubling trailing twelve-month (TTM) profit loss of 155 percents. What’s particularly striking is the company’s complete absence of reported sales across all analyzed periods, which brings into question the viability of its revenue generation strategies and long-term business sustainability. Moreover, stock prices have been highly volatile, reflecting the company’s uncertain future. While the stock was valued at 11 percents over the last five years, it has recently dropped to -68 percents, underscoring a rapid decline in market confidence. Over the longer ten-year period, the stock price was at 0 percents, illustrating a pattern of fluctuating performance that could pose risks for potential investors.
The company has a market capitalization of ₹325 crore and is currently trading at a stock price of ₹27.8. Over time, the stock has fluctuated between the historical highs and lows of ₹87.1 / 23.0, reflecting the market's volatility. With a Price-to-Earnings (P/E) ratio of 29.3, the stock appears highly valued, indicating that investors are willing to pay a premium for its earnings potential. The company's book value per share stands at ₹17.1, showcasing the underlying asset value. Additionally, the dividend yield is 0.04%, suggesting that the company offers shareholders a moderate return on their investment in the form of dividends. The Return on Capital Employed (ROCE) is 11.7%, indicating the efficiency with which the company generates profit from its capital. Meanwhile, the Return on Equity (ROE) is 5.39%, highlighting the profitability relative to shareholder equity. Despite these figures, the company maintains a very low debt-to-equity ratio of 3.43, signaling minimal leverage. It also reports a net cash flow of ₹63.3 crore, reflecting the company's ability to generate cash. The Piotroski score is 3.00, a measure of the company's financial strength, while the Graham Number estimates the intrinsic value of the stock at ₹19.1. The Price-to-Book (P/B) ratio of 1.63 further suggests that the stock is trading at a premium relative to its book value, potentially reflecting positive market sentiment or expectations of future growth.
