#TGL Teerth Gopicon Limited AGM summary as on 28-Sep-2024
Total revenue: 105 cr in FY 24. YoY 106% growth
PAT: 11% in FY 24. YoY 580 % growth
223 working professionals
We will prioritise high margin projects in coming time
Below are summary of TGL annual report
Here is a summary of the annual report you provided:
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Company Name: TEERTH GOPICON LIMITED
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Reporting Period: The annual report covers the financial year ending March 31, 2024, and compares it to the previous financial year ending March 31, 2023.
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Financial Highlights:
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Total Revenue: Increased significantly from Rs. 3,915 lakhs in 2023 to Rs. 10,510 lakhs in 2024.
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Profit: The company reported a profit of Rs. 1,605 lakhs in 2024, compared to Rs. 239 lakhs in the previous year.
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Earnings Per Share: Increased from Rs. 235 lakhs in 2023 to Rs. 574 lakhs in 2024
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Cash Flow: The company used cash in investing activities (Rs. 1,410 lakhs) and financing activities (Rs. 575 lakhs) during 2024. However, strong cash generation from operations (Rs. 1,333 lakhs) resulted in a net increase in cash and cash equivalents.
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Balance Sheet:
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Total Assets: Increased from Rs. 4,722 lakhs in 2023 to Rs. 13,623 lakhs in 2024.
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Inventories: Showed a significant increase, rising from Rs. 934 lakhs in 2023 to Rs. 5,885 lakhs in 2024.
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Property, Plant & Equipment: The gross value of property, plant and equipment increased from Rs. 368.10 lakhs in 2023 to Rs. 1558.52 lakhs in 2024.
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Shareholder Information:
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Issued Capital: Increased from Rs. 500 lakhs in 2023 to Rs. 800 lakhs in 2024.
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Promoter Holdings: The annual report does not state the exact percentage of shares held by promoters as of March 31, 2024. However, it does mention that this information was 2.2% lower than the percentage held as on March 31, 2023.
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Other Key Disclosures:
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Revenue from Operations: The primary source of revenue was from operations, which grew significantly year-on-year.
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Cost of Materials: Increased significantly in line with revenue.
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Employee Benefit Expenses: Also increased from Rs. 233 lakhs to Rs. 485 lakhs, reflecting business growth and potentially an increase in workforce size.
Overall, the annual report of TEERTH GOPICON LIMITED suggests substantial growth in the fiscal year 2024. The company's revenue, profit, and assets all increased significantly.
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