Talbros Engineering shares decline 4% on disappointing Q4 performance

Talbros Engineering shares faced a decline of over 4% after the company’s fourth-quarter results failed to impress investors. The company declared its Q4 results on May 20, 2024, revealing a decrease in both topline and profit figures.

On a year-on-year basis, Talbros Engineering’s topline decreased by 3.19%, while its profit witnessed a 6.14% decline. Compared to the previous quarter, the company’s revenue declined by 4.97%, and its profit decreased by 0.9%.

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The Selling, general & administrative expenses rose by 12.51% quarter-on-quarter but decreased by 9.39% year-on-year.

As of 11:35 AM, the company’s shares were trading 4.01% lower at ₹594.40 on the National Stock Exchange (NSE), reflecting the market’s reaction to the underwhelming financial performance.

Talbros Engineering’s operating income also witnessed a decline, with a 5.53% decrease quarter-on-quarter and a 6.96% decrease year-on-year.

The company’s Earnings Per Share (EPS) for Q4 stood at ₹8.78, marking a 4.98% decrease compared to the same period last year.

While Talbros Engineering has delivered a 7.94% return in the last week, its performance over a longer period has been less impressive, with a -20.38% return in the last six months and a -13.16% year-to-date return.