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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 23.91 % in the past year, substantial increase in net sales/revenue by 14.67 %.
- 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 44.68 %. Marginal decrease of -39.29% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for TVS Electronics Limited. Profit dropped by -493.75 % Year to Year, TVS Electronics Limited’s profitability dropped by -321.05 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -500.00 % Year to Year. EPS decreased by -326.67 % 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. 89.84 Cr | Rs. 97.08 Cr | Rs. 111.32 Cr | + 14.67 % | + 23.91 % |
| Expenses | Rs. 87.29 Cr | Rs. 94.48 Cr | Rs. 108.16 Cr | + 14.48 % | + 23.91 % |
| Operating Profit | Rs. 2.55 Cr | Rs. 2.6 Cr | Rs. 3.16 Cr | + 21.54 % | + 23.92 % |
| OPM % | 2.84 % | 2.68 % | 2.84 % | + 0.16 % | + 0 % |
| Other Income | Rs. 0.47 Cr | Rs. 1.12 Cr | Rs. 0.68 Cr | -39.29 % | + 44.68 % |
| Interest | Rs. 0.29 Cr | Rs. 0.69 Cr | Rs. 1.28 Cr | + 85.51 % | + 341.38 % |
| Depreciation | Rs. 2.31 Cr | Rs. 3.12 Cr | Rs. 3.68 Cr | + 17.95 % | + 59.31 % |
| Profit before tax | Rs. 0.42 Cr | Rs. -0.09 Cr | Rs. -1.12 Cr | -1144.44 % | -366.67 % |
| Tax % | 23.81 % | -733.33 % | -12.5 % | + 720.83 % | -36.31 % |
| Net Profit | Rs. 0.32 Cr | Rs. 0.57 Cr | Rs. -1.26 Cr | -321.05 % | -493.75 % |
| EPS in Rs | Rs. 0.17 | Rs. 0.3 | Rs. -0.68 | -326.67 % | -500 % |
Today, we’re looking at TVS Electronics 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 23.91 %. However, it did see a marginal increase of 14.67 % from the previous quarter. Expenses ticked up slightly by 14.48 % quarter-on-quarter, aligning with the annual rise of 23.91 %. Operating profit, while up 23.92 % compared to last year, faced a quarter-on-quarter increase of 21.54 %, 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 0 %, but an expansion of 0.16 % sequentially. Other income fell by -39.29 % compared to the last quarter, despite an annual growth of 44.68 %. Interest expenses surged remarkably by 85.51 % from the previous quarter, yet the year-over-year increase remains at a moderate 341.38 %. Depreciation costs climbed by 17.95 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 59.31 %. Profit before tax declined annually by -366.67 % but saw a reduction from the preceding quarter by -1144.44 %.
Tax expenses as a percentage of profits decreased slightly by -36.31 % compared to last year, with a more notable quarter-on-quarter increase of 720.83 %. Net profit fell by -493.75 % year-on-year but witnessed a -321.05 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -500 % but a quarterly fall of -326.67 %. In summary, TVS Electronics 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. 89.84 Cr | Rs. 97.08 Cr | Rs. 111.32 Cr | + 14.67 % | + 23.91 % |
| Expenses | Rs. 87.29 Cr | Rs. 94.48 Cr | Rs. 108.16 Cr | + 14.48 % | + 23.91 % |
| Operating Profit | Rs. 2.55 Cr | Rs. 2.6 Cr | Rs. 3.16 Cr | + 21.54 % | + 23.92 % |
| Net Profit | Rs. 0.32 Cr | Rs. 0.57 Cr | Rs. -1.26 Cr | -321.05 % | -493.75 % |
| EPS in Rs | Rs. 0.17 | Rs. 0.3 | Rs. -0.68 | -326.67 % | -500 % |
In reviewing TVS Electronics Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 23.91 % year-on-year growth, however, there was a minor increase of 14.67 % from the previous quarter. Expenses rose by 23.91 % compared to the previous year, with a 14.48 % increase quarter-on-quarter. Operating Profit surged by 23.92 % annually, and saw a 21.54 % increase from the last quarter.
Net Profit showed yearly decrease of -493.75 %, and experienced a -321.05 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -500 % annually, however dipped by -326.67 % compared to the last quarter. In essence, while TVS Electronics Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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