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- TBO TEK Q1 Results Total Income ₹4,339.17M & Net Profit ₹609.19M
TBO TEK Q1 Results Total Income ₹4,339.17M & Net Profit ₹609.19M
TBO TEK Q1 Results reported a strong Q1 2024 performance with a total income of ₹4,339.17 million and a net profit of ₹609.19 million.
by Ruksana
Updated Sep 04, 2024
Table of Content
TBO Tek Q1 Results
TBO TEK Q1 Results: TBO Tek’s financial results for the quarter ending June 30, 2024, show a strong performance. The company earned a total income of ₹4,339.17 million, which includes revenue from operations, other income, and net gains. This is higher compared to the previous quarter and the same quarter last year. Their main expenses were service fees, employee salaries, finance costs, and depreciation, totaling ₹3,584.02 million. This is an increase from the previous quarter but in line with their overall annual expenses.
TBO Tek’s Before accounting for exceptional items and taxes, the company's profit was ₹755.15 million. They had no exceptional items this quarter, which means there were no unusual losses or gains affecting their results. After deducting taxes, which amounted to ₹145.96 million, the profit for the quarter was ₹609.19 million.
TBO Tek's other comprehensive income, which includes adjustments like exchange rate differences and changes in the value of financial instruments, was ₹24.67 million. This brings their total comprehensive income for the quarter to ₹633.86 million.
The earnings per share (EPS) were ₹5.85, indicating strong financial health. Overall, TBO Tek showed good profitability and financial stability during this quarter.
Here's the financial data for TBO Tek in table format:
|
Particulars |
Quarter Ended June 30, 2024 |
Quarter Ended March 31, 2024 |
Quarter Ended June 30, 2023 |
Year Ended March 31, 2024 |
|
Income |
||||
|
Revenue from operations |
₹4,184.64 million |
₹3,690.66 million |
₹3,445.61 million |
₹13,928.19 million |
|
Other income |
₹121.26 million |
₹79.18 million |
₹38.77 million |
₹246.73 million |
|
Other gains/(losses) - net |
₹33.27 million |
-₹10.72 million |
-₹5.58 million |
-₹20.16 million |
|
Total income |
₹4,339.17 million |
₹3,759.12 million |
₹3,478.80 million |
₹14,154.76 million |
|
Expenses |
||||
|
Service fees |
₹1,386.96 million |
₹1,181.15 million |
₹1,210.39 million |
₹4,707.29 million |
|
Employee benefits expense |
₹821.63 million |
₹786.51 million |
₹614.39 million |
₹2,773.43 million |
|
Finance costs |
₹62.18 million |
₹41.15 million |
₹18.62 million |
₹106.49 million |
|
Depreciation and amortisation expenses |
₹123.60 million |
₹150.13 million |
₹61.99 million |
₹361.63 million |
|
Net impairment losses on financial assets |
₹22.28 million |
₹26.50 million |
₹26.96 million |
₹97.44 million |
|
Share issue expenses |
₹28.80 million |
₹3.31 million |
- |
₹20.31 million |
|
Other expenses |
₹1,138.57 million |
₹1,037.49 million |
₹924.98 million |
₹3,747.09 million |
|
Total expenses |
₹3,584.02 million |
₹3,226.24 million |
₹2,857.33 million |
₹11,813.68 million |
|
Profit before exceptional items and tax |
₹755.15 million |
₹532.88 million |
₹621.47 million |
₹2,341.08 million |
|
Exceptional items |
||||
|
Impairment of other receivables (net) |
- |
- |
-₹4.05 million |
-₹9.06 million |
|
Advances written off |
- |
- |
₹81.02 million |
₹81.02 million |
|
Total exceptional items |
- |
- |
₹76.97 million |
₹71.96 million |
|
Profit before tax |
₹755.15 million |
₹532.88 million |
₹544.50 million |
₹2,269.12 million |
|
Income tax expense |
||||
|
Current tax |
₹158.36 million |
₹44.41 million |
₹70.57 million |
₹263.28 million |
|
Deferred tax |
-₹12.40 million |
₹24.52 million |
₹0.91 million |
₹0.11 million |
|
Total tax expense |
₹145.96 million |
₹68.93 million |
₹71.48 million |
₹263.39 million |
|
Profit for the period/year |
₹609.19 million |
₹463.95 million |
₹473.02 million |
₹2,005.73 million |
|
Other comprehensive income |
||||
|
Exchange differences on translation |
₹26.58 million |
-₹66.78 million |
-₹7.86 million |
-₹21.35 million |
|
Fair value changes of cash flow hedges |
₹2.64 million |
-₹5.01 million |
- |
-₹5.01 million |
|
Remeasurement of post-employment benefit |
-₹6.54 million |
₹3.65 million |
-₹0.12 million |
-₹7.47 million |
|
Income tax relating to remeasurement |
₹2.23 million |
₹0.12 million |
-₹0.28 million |
₹1.76 million |
|
Other comprehensive income, net of tax |
₹24.67 million |
-₹68.02 million |
-₹8.26 million |
-₹32.07 million |
|
Total comprehensive income |
₹633.86 million |
₹395.93 million |
₹464.76 million |
₹1,973.66 million |
|
Profit for the period/year attributable to: |
||||
|
Owners of the parent |
₹609.19 million |
₹466.27 million |
₹478.12 million |
₹2,021.47 million |
|
Non-controlling interests |
- |
-₹2.32 million |
-₹5.10 million |
-₹15.74 million |
|
Other comprehensive income attributable to: |
||||
|
Owners of the parent |
₹24.67 million |
-₹68.68 million |
-₹8.31 million |
-₹31.88 million |
|
Non-controlling interests |
- |
₹0.66 million |
₹0.05 million |
-₹0.19 million |
|
Total comprehensive income attributable to: |
||||
|
Owners of the parent |
₹633.86 million |
₹397.59 million |
₹469.81 million |
₹1,989.59 million |
|
Non-controlling interests |
- |
-₹1.66 million |
-₹5.05 million |
-₹15.93 million |
|
Paid-up equity share capital |
₹108.59 million |
₹104.24 million |
₹104.24 million |
₹104.24 million |
|
Other equity |
₹5,343.83 million |
- |
- |
- |
|
Earnings per equity share (not annualised) |
||||
|
Basic (₹) |
₹5.85 |
₹4.58 |
₹4.71 |
₹19.85 |
|
Diluted (₹) |
₹5.77 |
₹4.52 |
₹4.65 |
₹19.67 |
Source: Here
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TBO Tek Financial Metrics
TBO Tek's financial table gives a snapshot of its stock performance and financial health. The Market Cap of ₹20,893 Crores shows the total value of all its shares combined. The Current Price of ₹1,924 is what each share is worth now. It has reached a High of ₹1,989 and a Low of ₹1,229 in its recent trading. The Stock P/E Ratio of 102 indicates how high the stock price is compared to its earnings, suggesting it might be expensive.
Here's the financial summary in a table format:
|
Metric |
Value |
|
Market Cap |
₹20,893 Crores |
|
Current Price |
₹1,924 |
|
High / Low |
₹1,989 / ₹1,229 |
|
Stock P/E Ratio |
102 |
|
Book Value |
[Not Provided] |
|
Dividend Yield |
0.00% |
|
ROCE (Return on Capital Employed) |
42.9% |
|
ROE (Return on Equity) |
46.0% |
|
Face Value |
₹1.00 |
Quarterly Results
In December 2023, the company's sales were Rs. 327 crores, with expenses of Rs. 271 crores, resulting in an operating profit of Rs. 56 crores and an operating profit margin of 17%. Other income was Rs. 12 crores, and the net profit was Rs. 51 crores, with an EPS of Rs. 4.93. For March 2024, sales increased to Rs. 369 crores, expenses rose to Rs. 304 crores, and the operating profit was Rs. 66 crores with an 18% margin.
Here’s the transposed table with data for Dec 2023, Mar 2024, and Jun 2024:
(Consolidated Figures in Rs. Crores)
|
Metric |
Dec 2023 |
Mar 2024 |
Jun 2024 |
|
Sales |
327 |
369 |
418 |
|
Expenses |
271 |
304 |
340 |
|
Operating Profit |
56 |
66 |
79 |
|
OPM (%) |
17% |
18% |
19% |
|
Other Income |
12 |
7 |
15 |
|
Interest |
3 |
4 |
6 |
|
Depreciation |
8 |
15 |
12 |
|
Profit Before Tax |
57 |
53 |
76 |
|
Tax (%) |
11% |
13% |
19% |
|
Net Profit |
51 |
46 |
61 |
|
EPS (Rs.) |
4.93 |
4.47 |
5.61 |
About TBO Tek
TBO Tek is a company that specializes in travel technology solutions. They create and develop applications that help people search and book various travel services. This includes booking tickets for flights, making hotel reservations, renting cars, buying insurance, and even booking cruises and train tickets.
TBO Tek aims to make the process of planning and booking travel easy and convenient for users. Their technology connects travel buyers with suppliers, ensuring a smooth experience for travelers around the world. They offer round-the-clock support to assist with any issues or questions.
TBO Tek Q1 Results - FAQs
1. What was TBO Tek's total income for the quarter ended June 30, 2024?
TBO Tek's total income for this quarter was ₹4,339.17 million.
2. What were TBO Tek's main expenses for Q1 2024?
TBO Tek's main expenses included service fees, employee salaries, finance costs, and depreciation, totaling ₹3,584.02 million.
3. Did TBO Tek report any exceptional items for the quarter ending June 30, 2024?
No, TBO Tek reported no exceptional items for this quarter.
4. What was TBO Tek's profit before tax for Q1 2024?
TBO Tek's profit before tax was ₹755.15 million.
5. How much did TBO Tek pay in income taxes for Q1 2024?
TBO Tek paid ₹145.96 million in income taxes.
6. How much was TBO Tek's other comprehensive income for Q1 2024?
TBO Tek's other comprehensive income was ₹24.67 million.
7. What was TBO Tek's total comprehensive income for Q1 2024?
TBO Tek's total comprehensive income for the quarter was ₹633.86 million.
8. What was TBO Tek's revenue from operations for the quarter ended June 30, 2024?
TBO Tek's revenue from operations was ₹4,184.64 million.
9. How did TBO Tek's total expenses in Q1 2024 compare to the previous quarter?
TBO Tek's total expenses increased to ₹3,584.02 million in Q1 2024 from ₹3,226.24 million in the previous quarter.
10. What was TBO Tek's market capitalization as reported recently?
TBO Tek's market capitalization was ₹20,893 Crores.