Timex Annual Showcase at Samay Bharati
TGIL Financial Performance Q4 & FY 2022-23
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Revenue has grown by 5% during the quarter as compared to last year. During the financial year revenue has grown by 45% over last year.
EBITDA is at Rs. 760 lacs during the quarter as compared to Rs. 356 lacs during last year. EBITDA for financial year is at Rs. 3859 lacs as compared
to Rs. 869 lacs last year.
Profit before tax is at Rs. 554 lacs during the quarter as compared to Rs. 225 lacs during last quarter. Profit before tax during the financial year is
at Rs. 2967 lacs as compared to Rs. 322 lacs last year.
One-time recognition of deferred tax assets of INR 1684 lacs as of March 31, 2023, positively impacted Profit after tax for the quarter and
financial year.
Other expenses include advertising & sales promotion expenses of Rs. 669 lacs during the quarter and Rs. 2955 lacs for the financial year as
compared to Rs. 1178 lacs and Rs. 2971 lacs respectively for corresponding last quarter and last year.
TIMEXGROUP
Company's operations and financial results for FY22 were adversely impacted by Covid-19 due to which results are not comparable with the current period.
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