Thakkers Group Q1 Results Total Income of ₹4.09 crores & Operating Profit ₹-0.67 crores

Thakkers Group Growth Overview 

Thakkers Group Q1 Results: Thakkers Developers' Q1 results for June 2024 show a significant decline across most financial metrics compared to both the previous quarter and the same quarter last year. Total Revenue dropped by 35.87% quarter-on-quarter (QoQ) from 19.11 crores in March 2023 to 4.09 crores in June 2024. Year-over-year (YoY), the revenue fell by a drastic 60.12% from 10.26 crores in June 2023. This substantial drop in revenue impacts the company's overall performance.

Thakkers Group’s Operating Income saw a significant decrease, moving from a positive 7.40 crores in the previous quarter to a negative 0.67 crores in June 2024, which reflects a 70.07% decline QoQ. Comparing year-over-year, operating income has drastically shifted from a positive 0.57 crores in June 2023 to a loss this year. Similarly, Net Income Before Taxes and Net Income both fell by 85.17% and 85.29% respectively, quarter-on-quarter. 

Thakkers Group’s Year-over-year, both figures went from positive to negative, showing a complete reversal from June 2023. The Diluted Normalized EPS also saw an 85.26% drop QoQ, and year-over-year, it shifted from a positive 0.54 in June 2023 to a negative figure this year. Overall, these results indicate a challenging period for Thakkers Developers, with year-over-year declines reflecting severe financial pressures.

Here's a summary of Thakkers Developers' Q1 results for June 2024:

(Figures in Rs. Crores) 

Source: Here 

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Thakkers Group Q1 Results

Thakkers Group earned a total income of ₹427.30 million. This includes ₹285.16 million from its main business activities and ₹141.71 million from other sources. To generate this income, the company spent a total of ₹271.85 million. The major expenses were ₹167.47 million for materials, ₹50.03 million for stock purchases, and ₹40.93 million for changes in inventories. Additionally, the company spent ₹12.82 million on employee benefits, ₹11.09 million on finance costs, ₹45.31 million on depreciation and amortization, and ₹44.29 million on other costs.

Thakkers Group, After subtracting these expenses from the total income, they had a profit of ₹155.45 million before accounting for any special items or taxes. There were no exceptional items or taxes during this period, so the profit remains ₹155.45 million. The total comprehensive income, which includes all financial results, is also ₹155.45 million. For shareholders, the earnings per share are ₹9.82, both for basic and diluted shares. This table highlights the company’s strong financial performance for the quarter.

Here's the financial data for Thakkers Group for the quarter ended 30th June 2021 in a single table format:

Thakkers Group Financial Performance

The Thakkers Group table provides key financial details about a company's stock. The "Market Cap" of ₹2.87 Crore shows the total value of the company’s shares. The "Current Price" of ₹18.2 is the price at which the stock is trading right now. The "High / Low" shows that the stock's price has been stable at ₹18.2. The "Stock P/E" ratio of 0.64 indicates how cheap or expensive the stock is relative to its earnings. The "Dividend Yield" of 0.00% means the company is not paying out dividends. 

Here’s the stock data in a table format:

Quarterly Results 

For Thakkers Group in December 2023, March 2024, and June 2024, the data shows a positive trend. In December 2023, sales were ₹0.14 crores with an operating loss of ₹0.25 crores, but they made a profit before tax of ₹1.91 crores. By March 2024, sales increased to ₹0.76 crores, and the company turned around with a small operating profit of ₹0.19 crores and a profit before tax of ₹1.50 crores. 

Here's the data for Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores)

About Thakkers Group 

Thakkers Group is a well-known construction and real estate company based in Nashik, established in 1962. Over the past 52 years, Thakkers has built a strong reputation for being reliable and trustworthy. The company is committed to creating a high-quality living environment by providing excellent homes, schools, hospitals, markets, and roads at affordable prices. 

Thakkers Group is recognized for its pioneering projects. It was the first to undertake a BOT (Build-Operate-Transfer) project with the Central Bus Station and a commercial complex called Thakkers Buzz’r. It also introduced the first multiplex in Nashik, Divya Adlabs, and developed the first township, Manohar Nagar, which set a new standard for modern living. Additionally, Thakkers created the first exclusive bungalow colony, Bhavsangam. 

Thakkers Group company was also the first from North Maharashtra to become a public company in 1992 and was named the 12th fastest growing construction company in India by Construction World. With over 50,000 happy families served, Thakkers Group continues to lead in delivering quality and innovation in real estate.