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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 16.78 % in the past year, substantial increase in net sales/revenue by 13.99 %.
- 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 1496.43 %. Marginal increase in other income during this quarter, up by 442.91%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Tulsyan NEC Ltd. Profit dropped by -104.14 % Year to Year, Tulsyan NEC Ltd’s profitability dropped by -102.92 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -104.12 % Year to Year. EPS decreased by -102.91 % 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. 235.735 Cr | Rs. 241.506 Cr | Rs. 275.285 Cr | + 13.99 % | + 16.78 % |
| Expenses | Rs. 229.94 Cr | Rs. 244.83 Cr | Rs. 260.15 Cr | + 6.26 % | + 13.14 % |
| Operating Profit | Rs. 5.79 Cr | Rs. -3.32 Cr | Rs. 15.14 Cr | + 556.02 % | + 161.49 % |
| OPM % | 2.46 % | -1.37 % | 5.5 % | + 6.87 % | + 3.04 % |
| Other Income | Rs. 0.084 Cr | Rs. 0.247 Cr | Rs. 1.341 Cr | + 442.91 % | + 1496.43 % |
| Interest | Rs. 11.43 Cr | Rs. 10.19 Cr | Rs. 9.75 Cr | -4.32 % | -14.7 % |
| Depreciation | Rs. 6.61 Cr | Rs. 7.07 Cr | Rs. 6.14 Cr | -13.15 % | -7.11 % |
| Profit before tax | Rs. -12.17 Cr | Rs. -20.33 Cr | Rs. 0.59 Cr | + 102.9 % | + 104.85 % |
| Tax % | -15.54 % | -2.16 % | 0 % | + 2.16 % | + 15.54 % |
| Net Profit | Rs. -14.05 Cr | Rs. -19.9 Cr | Rs. 0.58 Cr | + 102.91 % | + 104.13 % |
| EPS in Rs | Rs. -8.49 | Rs. -12.02 | Rs. 0.35 | + 102.91 % | + 104.12 % |
Today, we’re looking at Tulsyan NEC Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 16.78 %. However, it did see a marginal increase of 13.99 % from the previous quarter. Expenses ticked up slightly by 6.26 % quarter-on-quarter, aligning with the annual rise of 13.14 %. Operating profit, while up 161.49 % compared to last year, faced a quarter-on-quarter increase of 556.02 %, 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 3.04 %, but an expansion of 6.87 % sequentially. Other income rose by 442.91 % compared to the last quarter, despite an annual growth of 1496.43 %. Interest expenses dropped significantly by -4.32 % from the previous quarter, yet the year-over-year decrease remains at a moderate -14.7 %. Depreciation costs fell by -13.15 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -7.11 %. Profit before tax grew annually by 104.85 % but saw an increase from the preceding quarter by 102.9 %.
Tax expenses as a percentage of profits increased slightly by 15.54 % compared to last year, with a more notable quarter-on-quarter increase of 2.16 %. Net profit rose by 104.13 % year-on-year but experienced a 102.91 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 104.12 % but a quarterly rise of 102.91 %. In summary, Tulsyan NEC 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. 235.735 Cr | Rs. 241.506 Cr | Rs. 275.285 Cr | + 13.99 % | + 16.78 % |
| Expenses | Rs. 229.94 Cr | Rs. 244.83 Cr | Rs. 260.15 Cr | + 6.26 % | + 13.14 % |
| Operating Profit | Rs. 5.79 Cr | Rs. -3.32 Cr | Rs. 15.14 Cr | + 556.02 % | + 161.49 % |
| Net Profit | Rs. -14.05 Cr | Rs. -19.9 Cr | Rs. 0.58 Cr | + 102.91 % | + 104.13 % |
| EPS in Rs | Rs. -8.49 | Rs. -12.02 | Rs. 0.35 | + 102.91 % | + 104.12 % |
In reviewing Tulsyan NEC Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 16.78 % year-on-year growth, however, there was a minor increase of 13.99 % from the previous quarter. Expenses rose by 13.14 % compared to the previous year, with a 6.26 % increase quarter-on-quarter. Operating Profit surged by 161.49 % annually, and saw a 556.02 % increase from the last quarter.
Net Profit showed yearly increase of 104.13 %, and experienced a 102.91 % increase from the previous quarter. Earnings Per Share (EPS) rose by 104.12 % annually, however rose by 102.91 % compared to the last quarter. In essence, while Tulsyan NEC 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.
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