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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 10.44 % in the past year, substantial increase in net sales/revenue by 16.03 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -2.69 %, Marginal increase in other income during this quarter, up by 0%.
- Profit over the Year and quarter: Significant improvement in profitability for Hatsun Agro Product Limited. Notable increase of 62.86 % in net profit Year to Year, Hatsun Agro Product Limited’s profitability increased by 150.29 % in this quarter.
- EPS over the Year and quarter: EPS increased by 62.78 % Year to Year. EPS increased by 150.43 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 2150.637 Cr | Rs. 2046.872 Cr | Rs. 2375.06 Cr | + 16.03 % | + 10.44 % |
Expenses | Rs. 1912.75 Cr | Rs. 1817.27 Cr | Rs. 2044.75 Cr | + 12.52 % | + 6.9 % |
Operating Profit | Rs. 237.89 Cr | Rs. 229.6 Cr | Rs. 330.31 Cr | + 43.86 % | + 38.85 % |
OPM % | 11.06 % | 11.22 % | 13.91 % | + 2.69 % | + 2.85 % |
Other Income | Rs. 2.23 Cr | Rs. 2.17 Cr | Rs. 2.17 Cr | + 0 % | -2.69 % |
Interest | Rs. 33.57 Cr | Rs. 49.98 Cr | Rs. 45.86 Cr | -8.24 % | + 36.61 % |
Depreciation | Rs. 97.47 Cr | Rs. 110.89 Cr | Rs. 111.04 Cr | + 0.14 % | + 13.92 % |
Profit before tax | Rs. 109.08 Cr | Rs. 70.9 Cr | Rs. 175.58 Cr | + 147.64 % | + 60.96 % |
Tax % | 26.51 % | 26.43 % | 25.65 % | -0.78 % | -0.86 % |
Net Profit | Rs. 80.16 Cr | Rs. 52.16 Cr | Rs. 130.54 Cr | + 150.27 % | + 62.85 % |
EPS in Rs | Rs. 3.6 | Rs. 2.34 | Rs. 5.86 | + 150.43 % | + 62.78 % |
Today, we’re looking at Hatsun Agro Product Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 10.44 %. However, it did see a marginal increase of 16.03 % from the previous quarter. Expenses ticked up slightly by 12.52 % quarter-on-quarter, aligning with the annual rise of 6.9 %. Operating profit, while up 38.85 % compared to last year, faced a quarter-on-quarter increase of 43.86 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.85 %, but an expansion of 2.69 % sequentially. Other income rose by 0 % compared to the last quarter, despite an annual decline of -2.69 %. Interest expenses dropped significantly by -8.24 % from the previous quarter, yet the year-over-year increase remains at a moderate 36.61 %. Depreciation costs climbed by 0.14 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 13.92 %. Profit before tax grew annually by 60.96 % but saw an increase from the preceding quarter by 147.64 %.
Tax expenses as a percentage of profits decreased slightly by -0.86 % compared to last year, with a more notable quarter-on-quarter decrease of -0.78 %. Net profit rose by 62.85 % year-on-year but experienced a 150.27 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 62.78 % but a quarterly rise of 150.43 %. In summary, Hatsun Agro Product Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 2150.637 Cr | Rs. 2046.872 Cr | Rs. 2375.06 Cr | + 16.03 % | + 10.44 % |
Expenses | Rs. 1912.75 Cr | Rs. 1817.27 Cr | Rs. 2044.75 Cr | + 12.52 % | + 6.9 % |
Operating Profit | Rs. 237.89 Cr | Rs. 229.6 Cr | Rs. 330.31 Cr | + 43.86 % | + 38.85 % |
Net Profit | Rs. 80.16 Cr | Rs. 52.16 Cr | Rs. 130.54 Cr | + 150.27 % | + 62.85 % |
EPS in Rs | Rs. 3.6 | Rs. 2.34 | Rs. 5.86 | + 150.43 % | + 62.78 % |
In reviewing Hatsun Agro Product Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 10.44 % year-on-year growth, however, there was a minor increase of 16.03 % from the previous quarter. Expenses rose by 6.9 % compared to the previous year, with a 12.52 % increase quarter-on-quarter. Operating Profit surged by 38.85 % annually, and saw a 43.86 % increase from the last quarter.
Net Profit showed yearly increase of 62.85 %, and experienced a 150.27 % increase from the previous quarter. Earnings Per Share (EPS) rose by 62.78 % annually, however rose by 150.43 % compared to the last quarter. In essence, while Hatsun Agro Product Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.