Toyam Sports Q1 Results Revenue Up 48.56% QoQ, Net Profit Jumps 100.73% QoQ

Toyam Sports Q1 Results: Toyam's financial performance showed notable changes compared to the previous quarter, March 2023 for the period ending in June 2023. Their total revenue decreased by 10.34%, dropping from 3.39 to 3.04. The money Toyam earned from its core business activities went down. The selling, general, and administrative (SG&A) expenses also dropped significantly by 94.98%, from 6.32 to 0.32. 

This large reduction indicates that Toyam cut down its overhead costs substantially. Depreciation and amortization expenses, which are costs related to using long-term assets, fell by 100%, meaning there were no such expenses in the June period.

Toyam’s other operating expenses decreased by 52.31%, from 4.00 to 1.91. Overall, total operating expenses dropped by 77.79%, from 15.72 to 3.49. This indicates Toyam was able to reduce its overall costs significantly. As a result, the company’s operating income, which is the profit from its core business before interest and taxes, improved by 96.35%, moving from a loss of -12.32 to -0.45. 

Toyam’s both net income before taxes and net income followed a similar trend, showing improvements of 96.35% and 96.31% respectively. The diluted normalized earnings per share (EPS) improved by 96.51%, moving from -0.29 to -0.01, which means the company’s losses per share reduced considerably. Overall, Toyam’s financial performance improved notably, primarily due to significant cost reductions and better control of expenses.

Here’s a simplified summary of the financial results for the fiscal period ending June 23 compared to March 23:

Source: Here 

For More Q1 Results check our Twitter Page

Visit our website for more Q1 results

Toyam Sports Q1 Results Summary 

Toyam Sports reported its financial results for the first quarter ended June 30, 2024. Their total income was Rs. 27.58 crores, a significant increase from Rs. 18.56 crores in the previous quarter. This growth was driven mainly by increased revenue from operations and other income sources. The total expenses for the quarter were Rs. 22.12 crores, compared to Rs. 15.83 crores in the previous quarter. This increase in expenses was due to higher operating and administrative costs. 

Toyam Sports achieved a net profit of Rs. 5.46 crores, up from Rs. 2.73 crores in the previous quarter. This improvement in profitability reflects the company's effective cost management and increased revenue. The company’s earnings per share for the quarter were Rs. 0.35, showing a positive trend compared to the previous quarter. Overall, Toyam Sports showed strong financial performance in Q1, with notable increases in both income and profit, indicating a robust start to the financial year.

Toyam Sports Q1 Results 2024-2025 

Here is a simplified overview of the standalone financial results for the quarter and year ended March 31, 2024:

Quarterly Results 

In Toyam Sports' financial data for September 2023, December 2023, and March 2024, we see significant changes. In September 2023, the company had sales of Rs. 1.94 crores and made a profit before tax of Rs. 1.20 crores with a net profit of Rs. 1.20 crores. 

Here's a full table summarizing the financial data for September 2023, December 2023, and March 2024:

About Toyam Sports 

Toyam Sports is the only company listed on the Indian stock exchanges that focuses on sports. They are dedicated to producing, promoting, and managing various sports in India. TSL is especially known for promoting niche sports like Mixed Martial Arts (MMA), which is less common in India. They are also involved in popular sports such as cricket and tennis.

Toyam Sports aims to improve the sports world by offering good-quality and affordable sports accessories. You can find these products on major online shopping sites like Amazon and Flipkart. TSL’s goal is to help grow the sports industry in India and make a name for itself internationally. They do this by supporting athletes from a young age and managing important sports events and properties.

Toyam Sports’s team is passionate about sports and always looks for new opportunities to expand and improve. They want to create a supportive environment for athletes all over the world and play a big part in the development of sports. TSL is not just about running a business but also about making a positive impact on the sports industry globally.