Tamboli Industries Reports Q1 Profit of Rs 127.35 Crore Amid Segment-wise Growth
Tamboli Industries Limited released Q1 FY2024 results, reporting net sales of Rs 1,671.24 crore, up from Rs 1,410.30 crore year-over-year. Profit after tax was Rs 127.35 crore. Manufacturing activities led revenue at Rs 1,632.64 crore, followed by investment (Rs 63.60 crore) and trading (Rs 62.06 crore) segments. Total assets stood at Rs 13,147.60 crore with liabilities of Rs 1,662.23 crore. The Audit Committee and Board of Directors approved the unaudited results, with statutory auditors providing a limited review report.
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Tamboli Industries Limited has released its unaudited financial results for the first quarter ending June 30. The company demonstrated resilience across its diverse business segments, reporting a profit after tax of Rs 127.35 crore for the quarter.
Financial Highlights
- Net sales from operations stood at Rs 1,671.24 crore, marking a significant increase from Rs 1,410.30 crore in the same quarter of the previous year.
- Profit after tax (PAT) reached Rs 127.35 crore, compared to Rs 139.45 crore in Q1 of the previous year.
- The company's total segment assets amounted to Rs 13,147.60 crore, with segment liabilities of Rs 1,662.23 crore.
Segment-wise Performance
Tamboli Industries operates across three primary segments:
- Manufacturing Activities: Generated revenue of Rs 1,632.64 crore
- Investment Activities: Contributed Rs 63.60 crore to the revenue
- Trading Activities: Added Rs 62.06 crore to the top line
The manufacturing segment emerged as the primary revenue driver, accounting for the largest share of the company's income.
Profit Analysis
The company reported a profit before tax of Rs 170.46 crore for the quarter. After accounting for tax expenses, including current tax of Rs 35.36 crore and deferred tax of Rs 7.75 crore, the net profit stood at Rs 127.35 crore.
Balance Sheet Overview
As of June 30, Tamboli Industries' financial position reflected:
| Segment | Assets (Rs crore) | Liabilities (Rs crore) |
|---|---|---|
| Investment Activities | 3,492.98 | 33.56 |
| Manufacturing Activities | 9,654.62 | 1,628.67 |
Corporate Governance
The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors in their meeting held on August 13. The statutory auditors, M/s P A R K & Co, provided a limited review report, stating that nothing has come to their attention that causes them to believe that the financial statements do not present a true and fair view in accordance with applicable accounting standards.
Conclusion
Tamboli Industries Limited has demonstrated a solid performance in Q1, with growth across its diverse business segments. The company's strong manufacturing base continues to be the primary contributor to its revenue, while its investment and trading activities provide additional streams of income.
Historical Stock Returns for Tamboli Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.43% | -1.10% | -1.40% | -3.57% | +2.45% | -12.71% |
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