Touchwood Entertainment Q1 Results Revenue Drops 81.58% QoQ but Grows 145.61% YoY

Touchwood Entertainment Growth Comparison 

Touchwood Entertainment Q1 Results: The Q1 results for Touchwood Entertainment show significant changes when compared both quarter-on-quarter (QoQ) and year-over-year (YoY). For the period ending June 2024, the company's total revenue was ₹3.86 crores, a drastic drop of 81.58% compared to the previous quarter (Mar 2023) which was ₹22.73 crores. However, compared to the same period last year (June 2023), the revenue increased by 145.61%, showing strong YoY growth. 

Touchwood Entertainment’s selling, general, and administrative expenses were ₹0.82 crores, which decreased by 42.25% from ₹1.42 crores in the previous quarter. Year-over-year, these expenses dropped slightly by 2.88%. Depreciation and amortization increased by 34.62% QoQ from ₹0.16 crores to ₹0.19 crores but saw a 38.34% rise YoY from ₹0.13 crores. Other operating expenses fell dramatically by 86.23% QoQ, from ₹19.59 crores to ₹2.56 crores, yet rose by 425.55% YoY compared to ₹0.49 crores last year.

Touchwood Entertainment’s Total operating expenses also decreased by 81.73% QoQ but were up 143.37% YoY. Operating income fell 79.72% QoQ but improved by 175.50% YoY. Net income before taxes dropped 80.55% QoQ, with a substantial 233.55% YoY increase. Net income decreased by 81.25% QoQ but saw a remarkable YoY growth of 597.84%. The diluted normalized EPS fell 82.17% QoQ but surged 666.67% YoY. Overall, while QoQ figures show significant reductions, the YoY comparisons reveal strong growth in many areas.

Here are the Q1 results for Touchwood Entertainment:

(Rs. in crores)

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Touchwood Entertainment Q1 Results

Touchwood Entertainment's financial performance over different periods is summarized in a table. For the quarter ending on June 30, 2004, the company had a total income of ₹396.40 million, which is the sum of ₹386.27 million from its operations and ₹10.13 million from other sources. The company's total expenses during this period were ₹254.27 million, including costs for employee benefits, financial costs, depreciation, and other expenses. This resulted in a profit before tax of ₹44.92 million. After accounting for current tax expenses of ₹11.28 million, the profit after tax was ₹33.64 million.

For the quarter ending on March 31, 2024, the total income was significantly higher at ₹2,135.48 million, due to a large increase in revenue from operations to ₹2,093.41 million. The expenses were also high at ₹1,853.04 million, leading to a profit before tax of ₹196.89 million. After tax expenses of ₹52.02 million, the profit after tax was ₹145.34 million.

For the full year ending March 31, 2024, the total income was ₹150.71 million, with a net profit after tax of ₹16.85 million. The earnings per share for this period were ₹0.30. The data also shows other comprehensive income items and equity details, indicating the company's overall financial health.

Here is a summary of the financial data you provided:

(Rs.in Lakhs)

Touchwood Entertainment Stock Performance

Touchwood Entertainment’s financial table provides an overview of the company's stock performance and financial metrics. The market capitalization is ₹178 Crores, showing the total value of all its shares. The current stock price is ₹160, with a high of ₹222 and a low of ₹118 over a certain period. The Price-to-Earnings (P/E) ratio is 46.8, indicating how much investors are willing to pay for each unit of earnings. The book value per share is ₹32.7, and the dividend yield is 0.22%, which is a small return on investments. 

Here is the financial summary in table format:

Quarterly Results 

In the table for December 2023, March 2024, and June 2024, we see the company's financial performance for these quarters. In December 2023, the company made Rs. 6.52 crores in sales and had Rs. 5.15 crores in expenses, resulting in a profit of Rs. 1.37 crores. The operating profit margin was 21.01%. By March 2024, sales rose to Rs. 20.93 crores with expenses of Rs. 19.24 crores, giving a profit of Rs. 1.69 crores and a lower operating profit margin of 8.07%. 

Here’s a summary of the quarterly financial results presented in Rs. Crores:

About Touchwood Entertainment 

Touchwood Entertainment is a leading event management company in India with over 20 years of experience. We are known for creating luxurious and personalized weddings and events, turning every celebration into a magical experience. As India's first listed event management company, we take pride in our ability to handle every detail of your event, making sure it is both stress-free and memorable.

Touchwood Entertainment is dedicated to bringing your dream wedding to life. We understand that weddings are special, intimate occasions filled with emotions, and we work hard to make them perfect. From managing all the details to ensuring everything runs smoothly, our team of experts is here to handle everything for you. Whether you're planning a wedding within India or abroad, we have the experience and creativity to make your event unique and unforgettable.

At Touchwood, we believe that your wedding should be a beautiful experience that you and your guests will remember for years. Relax and enjoy your special day while we take care of all the planning and execution. Let us turn your wedding dreams into reality, creating an event that will be cherished forever.