TCPL Packaging declared its Q1 results on July 30, 2024. The company showcased a 9.23% increase in topline revenue, reaching ₹X crore, up from ₹X crore in the same quarter last year. The profit also saw a notable increase of 33.41%, rising to ₹X crore from ₹X crore YoY.

Compared to the previous quarter, revenue grew by 1.26% and profit increased by 9.28%, indicating steady quarter-on-quarter growth.

Expenses and Operating Income

The Selling, General & Administrative (SG&A) expenses rose by 11.37% QoQ and increased by 14.72% YoY, reflecting higher operational costs.

The operating income increased by 2.37% QoQ and showed a significant rise of 16.92% YoY, indicating improved operational efficiency.

Earnings Per Share (EPS)

TCPL Packaging reported an EPS of ₹34.86 for Q1, which represents a 33.41% increase YoY. This growth in EPS is a positive sign for investors, indicating better profitability.

Market Performance and Analysts' Ratings

TCPL Packaging has delivered 21.23% return in the last week, 39.64% return in the last 6 months, and an impressive 32.23% YTD return. The company's market cap stands at ₹2,716.38 crore, with a 52-week high/low of ₹3,103.4/₹1,581.55 respectively.

Financial Summary

Period

Q1

Q4

Q-o-Q Growth

Q1

Y-o-Y Growth

Total Revenue

₹X Cr

₹X Cr

+1.26%

₹X Cr

+9.23%

SG&A Expenses

₹X Cr

₹X Cr

+11.37%

₹X Cr

+14.72%

Depreciation/Amortization

₹X Cr

₹X Cr

+X%

₹X Cr

+X%

Total Operating Expense

₹X Cr

₹X Cr

+X%

₹X Cr

+X%

Operating Income

₹X Cr

₹X Cr

+2.37%

₹X Cr

+16.92%

Net Income Before Taxes

₹X Cr

₹X Cr

+X%

₹X Cr

+X%

Net Income

₹X Cr

₹X Cr

+9.28%

₹X Cr

+33.41%

Diluted Normalized EPS

₹34.86

₹X

+X%

₹X

+33.41%

Conclusion

TCPL Packaging demonstrated solid year-on-year growth in revenue and profit, with steady quarter-on-quarter performance. The company's focus on controlling expenses and improving operational efficiency has yielded positive results. The impressive returns and market performance highlight the company's robust financial health and growth potential. Investors should stay updated on quarterly results to monitor the company's performance closely.

Also READ : Elgi Equipments Q1 Results: 20.44% Profit Increase Year-on-Year Amid Quarterly Decline

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