Tasty Dairy Specialities Q1 Results Live : Tasty Dairy Specialities declared their Q1 results on 14 Aug, 2024, reporting a significant decline in revenue and a reduction in losses. The company’s topline decreased by a staggering 93.4% year-over-year (YoY), while the loss decreased by 39.13% YoY. Compared to the previous quarter, the revenue declined by 17.85%, and the loss decreased by an impressive 87.78%.
In terms of expenses, the company saw a reduction in Selling, General & Administrative (SG&A) expenses, which declined by 58.55% quarter-over-quarter (QoQ) and by 60.57% YoY. This reduction in expenses contributed positively to the company’s overall financial health.
Operating income showed a significant improvement, increasing by 96.54% QoQ and by 76.6% YoY. This improvement in operating income indicates better operational efficiency and cost management by the company.
The Earnings Per Share (EPS) for Q1 stood at ₹-1.28, which marks an increase of 39.05% YoY. Despite being in the negative, the improvement in EPS suggests that the company is on a path to recovery.
Over the short term, Tasty Dairy Specialities has delivered a -2.25% return in the last week. However, the company’s performance over a longer period remains concerning with a -32.3% return in the last six months and a -32.8% Year-To-Date (YTD) return.
As of now, Tasty Dairy Specialities has a market cap of ₹20.44 Cr. The company’s 52-week high stands at ₹17.6, while the 52-week low is ₹8.21. The current market conditions reflect the challenges the company has faced but also show potential for future growth and stability.
Tasty Dairy Specialities Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1.42 | 1.73 | -17.85% | 21.52 | -93.4% |
| Selling/ General/ Admin Expenses Total | 0.13 | 0.32 | -58.55% | 0.33 | -60.57% |
| Depreciation/ Amortization | 0.43 | 0.54 | -20.71% | 0.54 | -20.39% |
| Total Operating Expense | 2.39 | 29.71 | -91.96% | 25.66 | -90.69% |
| Operating Income | -0.97 | -27.98 | +96.54% | -4.14 | +76.6% |
| Net Income Before Taxes | -2.66 | -29.67 | +91.05% | -5.83 | +54.43% |
| Net Income | -2.61 | -21.37 | +87.78% | -4.29 | +39.13% |
| Diluted Normalized EPS | -1.28 | -10.46 | +87.76% | -2.1 | +39.05% |
