Tinna Rubber & Infrastructure Q1 Results Total Income ₹136.01 Crores & Operating Profit ₹22.51 Crores

Tinna Rubber & Infrastructure Q1 Results: Tinna Rubber & Infrastructure's financial results for Q1 show significant changes compared to the previous quarters and the same period last year. For the quarter ending in June 2024 (Jun 24), the company’s total revenue reached 136.01 crores. This is a 69.01% increase year-over-year (YoY) from 80.47 crores in June 2023 and a 23.81% rise quarter-on-quarter (QoQ) from 72.72 crores in March 2023. The YoY growth in revenue indicates a strong performance compared to the same quarter last year.

Tinna Rubber & Infrastructure’s Selling, general, and administrative expenses were 13.58 crores in Jun 24, up 79.12% YoY from 7.58 crores in Jun 23 and 42.70% QoQ from 6.31 crores in Mar 23. This shows that while expenses have increased, the revenue growth is substantial.

Tinna Rubber & Infrastructure’s operating income saw a remarkable YoY increase of 116.42%, reaching 22.51 crores in Jun 24 compared to 10.40 crores in Jun 23. Net income also grew significantly by 132.49% YoY, reaching 16.39 crores in Jun 24 from 7.05 crores in Jun 23. The diluted normalized EPS, a measure of profitability, increased 132.56% YoY, reflecting strong overall financial health.

Here are Tinna Rubber & Infrastructure's Q1 financial results, with all figures in crores except per share values:

Source: Here 

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Tinna Rubber & Infrastructure Q1 Results

Tinna Rubber & Infrastructure has shared its financial results for the quarter ending on June 30, 2024. In this period, the company earned a total income of ₹13,600.69 million, which is higher than the ₹10,985.11 million it made in the previous quarter and also higher than ₹8,047.13 million from the same quarter last year. 

Tinna Rubber & Infrastructure’s expenses for this quarter amounted to ₹12,594.00 million, up from ₹9,131.17 million last quarter but slightly more than ₹7,719.30 million in the same quarter last year. After covering these costs, the company had a profit before tax of ₹1,060.89 million, which was lower than ₹1,905.10 million in the previous quarter but higher than ₹908.12 million a year ago.

Tinna Rubber & Infrastructure spent ₹521.22 million this quarter, compared to ₹420.65 million last quarter. After paying taxes, the net profit for this quarter was ₹1,639.15 million, which is higher than ₹1,565.93 million in the previous quarter and significantly more than ₹705.09 million from the same quarter last year. The earnings per share, which is a measure of how much profit each share earns, was ₹9.57 for this quarter, consistent with ₹9.14 from the previous quarter. Overall, the company’s performance this quarter shows growth in income and profit compared to previous periods.

Here’s a simplified summary of the unaudited consolidated financial results for Tinna Rubber and Infrastructure for the quarter ended June 30, 2024:

Tinna Rubber & Infrastructure Stock Performance

Tinna Rubber & Infrastructure's stock has a market cap of ₹2,917 crore, meaning this is the total value of all its shares. The current price of each share is ₹1,703. The highest price it reached was ₹2,179, while the lowest was ₹414. The stock's Price-to-Earnings (P/E) ratio is 58.8, indicating it’s quite expensive relative to its earnings. The book value per share is ₹74.6, which shows the company's value per share based on its assets and liabilities. It offers a dividend yield of 0.30%, meaning shareholders receive this percentage in dividends. 

Here is a summary of the stock information you provided:

Quarterly Results 

Tinna Rubber & Infrastructure, the financial data shows growth from December 2023 to June 2024. In December 2023, sales were Rs. 93 Crores with an operating profit of Rs. 16 Crores, giving an operating profit margin (OPM) of 17%. By March 2024, sales increased to Rs. 110 Crores, and the operating profit rose to Rs. 22 Crores, improving the OPM to 20%. In June 2024, sales further grew to Rs. 136 Crores, with the operating profit reaching Rs. 25 Crores, but the OPM slightly decreased to 18%. 

Here's the data for December 2023, March 2024, and June 2024:

About Tinna Rubber & Infrastructure 

Tinna Rubber & Infrastructure is a prominent company based in New Delhi, India. Founded in 1977 by Mr. Bhupinder Kumar Sekhri, the company has a long history of growth and innovation. Initially starting with footwear soling sheets in partnership with Japan Synthetic Rubber, Tinna quickly expanded its operations. By 1982, it introduced lightweight rubber slippers under the "Tinna" brand. They diversified into various sectors, including edible oils, agro commodities, and commodities export. Notably, in 1998, Tinna pioneered Rubberized Asphalt (CRMB), enhancing road durability.

Tinna Rubber & Infrastructure further expanded by processing CRMB and establishing a bitumen emulsion plant. Tinna also became a leader in recycled rubber materials by setting up waste tyre recycling plants in 2012. More recently, Tinna has focused on expanding its global footprint, including establishing a subsidiary in the Netherlands and acquiring Global Recycle in Oman.

In 2024, it added new plants for recycling passenger car tyres and polymer composites. Tinna continues to be a significant player in various industries, including tire recycling, construction chemicals, and agro commodities.