Innovative Tyres & Tubes Past Earnings Performance
Past criteria checks 2/6
Innovative Tyres & Tubes's earnings have been declining at an average annual rate of -14.4%, while the Auto Components industry saw earnings growing at 23.2% annually. Revenues have been declining at an average rate of 48.2% per year.
Key information
-14.4%
Earnings growth rate
-14.4%
EPS growth rate
| Auto Components Industry Growth | 16.7% |
| Revenue growth rate | -48.2% |
| Return on equity | n/a |
| Net Margin | 243.3% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Revenue & Expenses Breakdown
How Innovative Tyres & Tubes makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 142 | 345 | 12 | 0 |
| 31 Dec 23 | 73 | 110 | 7 | 0 |
| 30 Sep 23 | 3 | -126 | 2 | 0 |
| 30 Jun 23 | 10 | -328 | 2 | 0 |
| 31 Mar 23 | 16 | -529 | 2 | 0 |
| 31 Dec 22 | 65 | -508 | 11 | 0 |
| 30 Sep 22 | 114 | -486 | 20 | 0 |
| 30 Jun 22 | 315 | -538 | 36 | 0 |
| 31 Mar 22 | 516 | -589 | 51 | 0 |
| 31 Dec 21 | 845 | -379 | 67 | 0 |
| 30 Sep 21 | 1,174 | -168 | 82 | 0 |
| 30 Jun 21 | 1,283 | -128 | 83 | 0 |
| 31 Mar 21 | 1,392 | -88 | 84 | 0 |
| 31 Dec 20 | 1,340 | -114 | 83 | 0 |
| 30 Sep 20 | 1,289 | -140 | 82 | 0 |
| 30 Jun 20 | 1,389 | -119 | 89 | 0 |
| 31 Mar 20 | 1,489 | -98 | 96 | 0 |
| 31 Dec 19 | 1,575 | -68 | 94 | 0 |
| 30 Sep 19 | 1,661 | -37 | 92 | 0 |
| 30 Jun 19 | 1,690 | -14 | 86 | 0 |
| 31 Mar 19 | 1,718 | 10 | 79 | 0 |
| 31 Mar 18 | 1,395 | 44 | 73 | 0 |
| 31 Mar 17 | 1,308 | 49 | 52 | 0 |
| 31 Mar 16 | 1,236 | 31 | 47 | 0 |
| 31 Mar 15 | 1,299 | 28 | 46 | 0 |
| 31 Mar 14 | 1,262 | 38 | 38 | 0 |
Quality Earnings: INNOVATIVE has a large one-off gain of ₹462.4M impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: INNOVATIVE became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: INNOVATIVE has become profitable over the past 5 years, growing earnings by -14.4% per year.
Accelerating Growth: INNOVATIVE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: INNOVATIVE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (20.7%).
Return on Equity
High ROE: INNOVATIVE's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.