| 9M24 | 9M23 | 2023 | 2022 |
|---|
| Revenues | 2,330.71 | 1,386.43 | 2,110.69 | 1,719.57 |
| Expenses | 1,953.61 | 1,282.64 | 1,857.39 | 1,779.67 |
| Net Profit (Loss) | 245.31 | 36.36 | 129.58 | -92.09 |
| Assets | 3,476.39 | 3,225.95 | 3,265.58 | 2,825.95 |
| Liabilities | 2,182.62 | 2,205.08 | 2,152.02 | 1,839.13 |
| Shareholders' Equity | 1,326.29 | 1,052.44 | 1,145.65 | 1,016.08 |
| Operating | 150.75 | -346.31 | -209.47 | -27.36 |
| Investing | -22.33 | -43.67 | -47.64 | -111.46 |
| Financing | -142.16 | 183.81 | 115.18 | 145.66 |
| EPS (Baht) | 0.80 | 0.12 | 0.42 | -0.30 |
| GP Margin (%) | 24.27 | 23.79 | 25.57 | 11.25 |
| NP Margin (%) | 10.51 | 2.46 | 6.00 | -5.52 |
| D/E Ratio (x) | 1.69 | 2.16 | 1.93 | 1.86 |
| ROE (%) | 28.46 | 4.33 | 11.99 | -8.52 |
| ROA (%) | 15.71 | 4.33 | 8.35 | -2.17 |
Under the current high competition, the company and its subsidiaries estimate revenue growth to be around 16%-20%, maintaining an average gross profit rate for the entire group at 20%. The company has developed strategic and business plans. The company’s business groups are divided into Transformer and Non-Transformer groups, with a 10-year timeframe (2023-2032), divided into short-term plans of 1-3 years, medium-term plans of 3-5 years, and long-term plans of 5-10 years. With a vision to lead in the production, distribution, and full-service related to transformers in the Asian region and all other regions, and to seek opportunities to invest in related energy businesses with quality work that meets customer needs under good governance principles and creating beauty for society. Currently, the company continues to operate according to the set plan, giving importance to the design and development of full-circle products, services, and solutions to meet consumer needs under digital technology innovation and green products, aiming towards a low-carbon society and a net-zero greenhouse gas emission target by 2050.
The company is committed to being a leader in the transformer business and integrated energy business. Driving the organization under creating balance sustainable development and strengthen the business The goal is to increase operational efficiency. good corporate governance and create value together with stakeholders The company places importance on governance in all three dimensions: economy, society, and environment. To meet the needs of stakeholders Including protecting and maintaining environment and create good things for society. The company has received a certificate “Corporate Carbon Footprint (CFO)” shows commitment to reducing greenhouse gas emissions for sustainable growth. By operating according to the project plan to reduce carbon emissions. Reduce greenhouse gas emissions and demonstrate to all parties involved their responsibility in terms of economics, society, and the environment.
The company strengthens its potential to become two leading manufacturers that can supply the largest 333 MVA 525 kV electrical transformers in Thailand and provide integrated services using new technology with highly efficient resource management. Recently, the Electricity Generating Authority of Thailand (EGAT) ordered a 333.33 MVA 525 KV electrical transformer for a project to improve the electrical transmission system in the lower southern region. and the project to improve the electrical transmission system in the northeastern region lower northern region Central region and Bangkok, totaling 14 units, to enhance the stability of the electrical system in the area.
Tirathai Public Company Limited and its subsidiaries have already reviewed its audited financial statements of the 3rd Quarter 2024 ended on September 30, 2024. The Company and its subsidiaries had net profit attributable to equity holders 245.31 MB, increased by 208.95 MB compared to net profit attribute to equity holders of 36.36 MB at the same period of last year which was excess 20%. The Company and its subsidiaries’ sale revenue was 2,148.65 MB which increased by 904.30 MB or 72.67% especially power transformer of 333.3 MVA 525kV, representing 47% of total sale revenue. Service revenue was 135.37 MB which increased by 9.07 MB or 7.18%. Gross profit margin of sales was 22.72% which was higher than those at the same period of last year 21.47% because the customers are still focusing on quality factor and the Company can manage the cost efficiently. Gross profit margin of services was 48.81% which was higher than those at the same period of last year 44.09% because the Company try to seek for more specific customer group. Selling expenses were 49.22 MB which increased by 1.64 MB or 3.45%. General administrative expenses were 175.03 MB which increased by 11.58 MB or 7.09%. The financial cost was 69.85 MB which increased by 17.58 MB or 33.63%.
The Company is focusing R&D of product, create the innovation to develop its capabilities and aims to use the remote communication control to increase transformer efficiency and value.
Risk management is a systematic and continuous process of the organization to help reduce the cause of each opportunity that could lead to damage so that the level of damage and the size of the damage that will occur in the future are at a level that the organization can accept. It takes into account the achievement of the organization’s objectives or goals. With the advancement of technology, economic, social, and environmental changes. It is a great challenge to ensure that operations and performance are in line with the goals and create sustainability for the business covering economic, social, and environmental dimensions.
2023 Certificate Carbon Footprint for Organization (CFO). 2022 Certified as a member of the Thai Private Sector Collective Action Coalition Against Corruption (CAC). 2022 Received the White Flag-Gold Star Award for the Good Governance Project surrounding. 2021 Certificate as a product made in Thailand MIT. 2020 Received an award for “Outstanding Industry of the Year2020 in the category Potential Industry” The Prime Minister's Industry Award 2020. 2018,2019,2020,2021 Received the White Flag-Green Star Award for the Good Governance Project surrounding. 2017, 2019 Certificate Green Industry Level 4 Green Culture 2018, 2021 Certificate Green Label Transformer. 2016 Received the Prime Minister Award in the category of Best Exporter Award.2010Receive the licenses of TIS 384-2000, TIS 384- 2002, TIS 384-2004, TIS 384-2006 and 2009 Received the certificate of ISO 9001, ISO 45001, ISO 14001, ISO/IEC 17025.
| as of 30/09/24 | TRT | INDUS | mai |
|---|---|---|---|
| P/E (X) | 3.27 | 14.92 | 38.03 |
| P/BV (X) | 0.90 | 1.16 | 1.79 |
| Dividend yield (%) | 5.83 | 2.85 | 2.10 |
| 30/09/24 | 28/12/23 | 30/12/22 | |
|---|---|---|---|
| Market Cap (MB) | 1,108.83 | 763.86 | 868.58 |
| Price (B/Share) | 3.60 | 2.48 | 2.82 |
| P/E (X) | 3.27 | 17.11 | - |
| P/BV (X) | 0.90 | 0.73 | 0.86 |
