Share the post "Tuni Textile Mills Reports Q1: Revenue Up by 171.12% Year-on-Year"
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 171.12 % in the past year, decrease in net sales/revenue by -11.33 %.
- 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 3.7 %. Marginal decrease of -42.86% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Tuni Textile Mills Ltd.. Notable increase of 116.67 % in net profit Year to Year, Tuni Textile Mills Ltd.’s profitability dropped by -5.65 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 0 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 8.472 Cr | Rs. 25.904 Cr | Rs. 22.969 Cr | -11.33 % | + 171.12 % |
| Expenses | Rs. 8.02 Cr | Rs. 25.2 Cr | Rs. 22.39 Cr | -11.15 % | + 179.18 % |
| Operating Profit | Rs. 0.45 Cr | Rs. 0.7 Cr | Rs. 0.58 Cr | -17.14 % | + 28.89 % |
| OPM % | 5.31 % | 2.7 % | 2.53 % | -0.17 % | -2.78 % |
| Other Income | Rs. 0.027 Cr | Rs. 0.049 Cr | Rs. 0.028 Cr | -42.86 % | + 3.7 % |
| Interest | Rs. 0.31 Cr | Rs. 0.5 Cr | Rs. 0.38 Cr | -24 % | + 22.58 % |
| Depreciation | Rs. 0.08 Cr | Rs. 0.08 Cr | Rs. 0.08 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. 0.09 Cr | Rs. 0.17 Cr | Rs. 0.15 Cr | -11.76 % | + 66.67 % |
| Tax % | 44.33 % | 28.32 % | 24.52 % | -3.8 % | -19.81 % |
| Net Profit | Rs. 0.05 Cr | Rs. 0.12 Cr | Rs. 0.12 Cr | + 0 % | + 140 % |
| EPS in Rs | Rs. 0 | Rs. 0.01 | Rs. 0.01 | + 0 % | 0 % |
Today, we’re looking at Tuni Textile Mills 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 171.12 %. However, it did see a marginal slip of -11.33 % from the previous quarter. Expenses decreased slightly by -11.15 % quarter-on-quarter, aligning with the annual rise of 179.18 %. Operating profit, while up 28.89 % compared to last year, faced a quarter-on-quarter dip of -17.14 %, 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 -2.78 %, but a shrinkage of -0.17 % sequentially. Other income fell by -42.86 % compared to the last quarter, despite an annual growth of 3.7 %. Interest expenses dropped significantly by -24 % from the previous quarter, yet the year-over-year increase remains at a moderate 22.58 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 66.67 % but saw a reduction from the preceding quarter by -11.76 %.
Tax expenses as a percentage of profits decreased slightly by -19.81 % compared to last year, with a more notable quarter-on-quarter decrease of -3.8 %. Net profit rose by 140 % year-on-year but experienced a 0 % expansion from the last quarter. but a quarterly rise of 0 %. In summary, Tuni Textile Mills 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. 8.472 Cr | Rs. 25.904 Cr | Rs. 22.969 Cr | -11.33 % | + 171.12 % |
| Expenses | Rs. 8.02 Cr | Rs. 25.2 Cr | Rs. 22.39 Cr | -11.15 % | + 179.18 % |
| Operating Profit | Rs. 0.45 Cr | Rs. 0.7 Cr | Rs. 0.58 Cr | -17.14 % | + 28.89 % |
| Net Profit | Rs. 0.05 Cr | Rs. 0.12 Cr | Rs. 0.12 Cr | + 0 % | + 140 % |
| EPS in Rs | Rs. 0 | Rs. 0.01 | Rs. 0.01 | + 0 % | 0 % |
In reviewing Tuni Textile Mills Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 171.12 % year-on-year growth, although there was a slight dip of -11.33 % from the previous quarter. Expenses rose by 179.18 % compared to the previous year, with a decrease of -11.15 % quarter-on-quarter. Operating Profit surged by 28.89 % annually, and saw a -17.14 % decrease from the last quarter.
Net Profit showed yearly increase of 140 %, and experienced a 0 % increase from the previous quarter. however rose by 0 % compared to the last quarter. In essence, while Tuni Textile Mills 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.
[my_shortcode1]
