Time Technoplast Q1 Results Live : profit rise by 41.4% YOY
Time Technoplast Q1 Results Live : Revenue increased by 13.97% YoY & profit increased by 41.4% YoY
Time Technoplast Q1 Results Live : Time Technoplast Q1 Results Live: Time Technoplast declared their Q1 results on 12 Aug, 2024. The topline increased by 13.97% & the profit increased by 41.4% YoY. However, when compared to the previous quarter, the revenue declined by 11.78% and the profit decreased by 14.12%.
The Selling, general & administrative expenses declined by 9.61% quarter-on-quarter but increased by 12.04% year-on-year. This reflects a shift in the company's cost management strategy over different periods.
The operating income showed a contrasting trend, being down by 8.87% quarter-on-quarter but increasing by a substantial 31.22% year-on-year. This indicates a strong annual growth trajectory despite short-term challenges.
The Earnings Per Share (EPS) for Q1 stands at ₹3.49, marking a 41.3% increase year-on-year. This significant rise in EPS is a positive indicator for the company's profitability and shareholder value.
Time Technoplast has delivered impressive returns, with a 13.55% return in the last week, a 74.08% return in the last 6 months, and a staggering 96.1% year-to-date return. These figures highlight the company's strong performance in the market.
Currently, Time Technoplast has a market cap of ₹7863.09 Crore and a 52-week high/low of ₹364.8 and ₹130.35 respectively. This positions the company well within the market, with substantial growth potential.
Time Technoplast Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1230.05 | 1394.32 | -11.78% | 1079.32 | +13.97% |
| Selling/ General/ Admin Expenses Total | 59.82 | 66.18 | -9.61% | 53.39 | +12.04% |
| Depreciation/ Amortization | 40.89 | 39.61 | +3.23% | 45.47 | -10.07% |
| Total Operating Expense | 1096.51 | 1247.78 | -12.12% | 977.55 | +12.17% |
| Operating Income | 133.54 | 146.54 | -8.87% | 101.77 | +31.22% |
| Net Income Before Taxes | 109.98 | 132.97 | -17.29% | 76.27 | +44.2% |
| Net Income | 79.31 | 92.35 | -14.12% | 56.09 | +41.4% |
| Diluted Normalized EPS | 3.49 | 4.07 | -14.25% | 2.47 | +41.3% |
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