Thejo Engineering Q1 Results Revenue Down to ₹13,053.18 Lakhs and Profit After Tax Decreases to ₹960.73 Lakhs

Thejo Engineering Q1 Results: Thejo Engineering announced its Q1 results for the 2024-2025 fiscal year on August 9, 2024. The company's revenue for the quarter ending June 30, 2024, was ₹13,053.18 Lakhs, marking a 7.29% decrease compared to the ₹14,081.87 Lakhs reported in the previous quarter.

This decline in revenue reflects a challenging period for the company, despite ongoing efforts to streamline operations and enhance efficiency. The company's profit before tax also saw a significant drop, down 26.6% from ₹1,793.94 Lakhs in the previous quarter to ₹1,316.34 Lakhs.

Net profit for the quarter was ₹960.73 Lakhs, a decrease of 28.6% compared to the ₹1,344.91 Lakhs recorded in the previous quarter. This reduction in profitability comes alongside an increase in total expenses, which rose by 4.5% from ₹11,805.54 Lakhs to ₹12,259.16 Lakhs, reflecting higher operational costs.

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Thejo Engineering Q1 Results 2024 - 2025

Here's a summary of Thejo Engineering's Q1 results for 2024-2025:

Thejo Engineering's financial performance for the first quarter of the fiscal year shows some key changes compared to the previous quarter. The company experienced a decline in revenue and profit, with increased expenses impacting overall financial results.

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Thejo Engineering Current Market Overview

Thejo Engineering is currently performing well in the market, with its stock trading at ₹2,696. The company's market capitalization is ₹2,923 Crores. Over the past year, the stock has reached a high of ₹3,708 and a low of ₹1,572. With a Price-to-Earnings ratio of 55.6, Thejo Engineering shows strong profitability.

The company's Return on Capital Employed (ROCE) is 28.3% and its Return on Equity (ROE) is 24.6%, indicating efficient use of capital and high returns. The company also has a book value of ₹233 per share and offers a small dividend yield of 0.11%.

Quarterly Results

Here is a summary of Thejo Engineering's quarterly results for the periods ending December 2023, March 2024, and June 2024:

About Thejo Engineering 

Thejo Engineering is a company based in Chennai that specializes in conveyor belt solutions and bulk material handling systems. They offer services such as conveyor belt splicing, pulley lagging, and recapping, using advanced cold vulcanizing techniques.

Thejo Engineering also provides industrial solutions for mining, mineral processing, and corrosion protection. With a global presence, including subsidiaries in Australia, Saudi Arabia, Brazil, and Chile, the company operates from five manufacturing plants and an R&D center.

It started as a partnership firm and is now a publicly listed company on the National Stock Exchange of India, known for its commitment to safety, quality, and cost-effective solutions.

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