Taparia Tools Q1 Results with Income ₹2,390.79 Lakh & Net Profit ₹3,006.72 Lakh

Taparia Tools Q1 Results

Taparia Tools Q1 Results: For the quarter ending June 30, 2024, Taparia Tools reported a total income of ₹2,390.79 lakh. This figure combines revenue from operations and other income sources. Compared to the previous quarter (March 31, 2024), where the total income was ₹2,273.79 lakh, there has been a slight increase. Similarly, the total income has grown from ₹1,931.05 lakh in the same quarter of the previous year.

Taparia Tools’ total expenses for this quarter were ₹17,378.32 lakh. This includes costs for materials, purchases, changes in inventory, employee benefits, finance costs, depreciation, and other expenses. When compared to the previous quarter, where expenses were ₹18,487.86 lakh, there has been a decrease. However, expenses are still higher than the ₹16,757.42 lakh reported in the same quarter last year.

Taparia Tools’ After subtracting the expenses from the total income, Taparia Tools achieved a profit before tax of ₹4,012.47 lakh for the quarter. This is an increase from ₹3,785.93 lakh in the previous quarter. After accounting for tax expenses, the net profit for the quarter is ₹3,006.72 lakh, showing a slight increase from ₹2,891.56 lakh in the previous quarter. The company also reported a total comprehensive income of ₹3,006.72 lakh, including other comprehensive income adjustments.

Here is the statement of un-audited financial results for the quarter ended 30th June 2024:

(Rs. in Lakhs)

Taparia Tools Financial Performance

The table provides financial details about Taparia Tools. The market capitalization is ₹11.0 crores, meaning the total value of all its shares is this amount. The current stock price is ₹7.23. The highest price recently was ₹7.23, and the lowest was ₹2.79. The stock price-to-earnings (P/E) ratio is very low at 0.10, suggesting the stock is very cheap compared to earnings. The book value per share is ₹209, indicating the company’s net asset value. 

Here's the financial information in a table format:

Quarterly Results 

The Taparia Tools table shows financial results for different quarters. It includes information on sales, expenses, operating profit, and net profit for Dec 2023, Mar 2024, and Jun 2024. In these quarters, sales were highest in Mar 2024 at 220 crores, while expenses were also highest in Mar 2024 at 184 crores. Operating profit was highest in Jun 2024 at 38 crores, and net profit was highest in Jun 2024 at 30 crores. 

Here are the quarterly results for Dec 2023, Mar 2024, and Jun 2024:

About Taparia Tools 

Taparia Tools is an Indian company that started making hand tools in 1969 with help from a well-known Swedish company. The founders learned how to make these tools in Sweden and brought that knowledge back to India. Since then, Taparia Tools has used this same technology to produce high-quality hand tools in India.

Taparia Tools has two main factories: one in Nashik and another in Goa. The Nashik factory is large, covering 42,832 square meters, and is about four hours from Mumbai. The Goa factory is about 600 kilometers from Mumbai. Together, these facilities are fully equipped to make various hand tools. The workforce includes around 1,200 employees, with most working directly on production. The company places a strong emphasis on quality and has a dedicated team for research and development as well as quality control.

Taparia Tools offers a wide range of products, such as adjustable wrenches, screwdrivers, pliers, hammers, and more. They are known for their excellent quality, which often meets or exceeds international standards. The company exports its tools to many countries and has received several awards for its export performance.