Tembo Global Q1 Results Show Significant Growth with ₹128.41 Crores in Revenue

Tembo Global Q1 Results: Tembo Global’s Q1 results for June 2024 show strong growth both year-over-year (YoY) and quarter-on-quarter (QoQ). The company’s total revenue increased significantly, rising from ₹81.09 crores in June 2023 to ₹128.41 crores in June 2024. This shows a YoY growth of 58.3%, and compared to the previous quarter (March 2023), revenue grew by 47.2%. The increase in revenue reflects the company’s improving performance over time.

Tembo Global also saw a rise in operating income, which grew from ₹3.46 crores in June 2023 to ₹7.76 crores in June 2024. That’s a YoY growth of 124.3%, showing that the company is earning more after covering its expenses. On a QoQ basis, operating income increased by a huge 222%, indicating that the company performed much better compared to the previous quarter.

Tembo Global’s Net income saw an even bigger rise. It grew from ₹1.89 crores in June 2023 to ₹5.42 crores in June 2024. This is a YoY increase of 186.8%. When comparing to the last quarter (QoQ), net income increased by 307.5%, showing a strong improvement in profits.

Tembo Global’s Diluted Normalized Earnings Per Share (EPS) also showed a remarkable YoY growth from ₹1.70 to ₹4.00, marking a YoY increase of 135.3%. This strong performance year-over-year indicates that Tembo Global is making steady progress and achieving better financial results with each quarter.

Here’s a summary of Tembo Global’s Q1 Results for the fiscal period ending June 2024, along with comparisons to the previous quarter and the same quarter last year:

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Tembo Global Q1 Results

Tembo Global earned ₹12,840.95 crores from its core operations for the quarter ending 30-06-2024, almost the same as the audited revenue of ₹12,841.01 crores for the previous year. The total income, which includes other sources like ₹132.06 crores from additional income, totaled ₹12,973.01 crores for the quarter. When comparing the same quarter last year (30-06-2023), the revenue was ₹7,997.85 crores, showing significant growth.

Tembo Global’s costs are materials and traded goods, with ₹5,031.38 crores spent on materials and ₹6,874.98 crores on traded goods for the quarter ending 30-06-2024. Total expenses reached ₹12,248.10 crores, leading to a profit of ₹724.91 crores before tax.

For the same quarter in the previous year, Tembo Global’s profits before tax were ₹222.90 crores, meaning the company's profit has increased notably. After taxes, the net profit for 30-06-2024 was ₹537.33 crores, compared to ₹167.92 crores in the previous year.

Earnings per share (EPS) increased as well, with basic EPS at ₹4.82 for this quarter, showing good growth from ₹1.51 in the same quarter of last year.

Here is a summary of the key financial details from the provided data:

(Rs. in Lakhs, except the shares)

Tembo Global Stock Metrics

Tembo Global has a market capitalization of ₹545 crore, which represents the total value of its shares. Its current stock price is ₹491, with a 52-week high of ₹532 and a low of ₹191. The stock's price-to-earnings (P/E) ratio is 31.1, meaning investors are paying ₹31.1 for every ₹1 of earnings. The book value per share is ₹47.3, showing the company's net worth based on its assets. Tembo Global has a dividend yield of 0.51%, meaning investors get a small return through dividends. 

Here's a breakdown of the information you referred to:

Quarterly Results 

Tembo Global table shows the quarterly financial results over three periods: December 2023, March 2024, and June 2024. In December 2023, Tembo Global had sales of ₹112.58 crores and expenses of ₹107.81 crores, leading to an operating profit of ₹4.77 crores. The profit before tax was ₹5.73 crores, resulting in a net profit of ₹4.30 crores. In March 2024, sales increased to ₹130.52 crores, but expenses also rose to ₹127.81 crores, causing a drop in operating profit to ₹2.71 crores.

Here’s the table with only the figures for December 2023, March 2024, and June 2024:

(Standalone Figures in Rs. Crores)

About Tembo Global 

Tembo Global Industries is a well-known company based in Mumbai, India. They specialize in trading and exporting various textile products, such as fiber, yarn, and fabrics. The company has a skilled team that works hard to meet the needs of their clients by providing high-quality products. They export to more than 20 countries around the world, serving a wide range of customers, including retailers, boutiques, and private label brands.

Tembo focuses on customizing its products to fit the unique requirements of each client. They offer different types of textiles, including shirting fabric, suiting, bedsheets, handkerchiefs, and uniform fabric. Their dedication to quality and customer satisfaction has helped them build a strong reputation in the textile industry. Tembo Global Industries aims to combine their expertise and resources to deliver the best products and services to their clients.