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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 27.61 % in the past year, decrease in net sales/revenue by -21.71 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -96.94 %, Marginal decrease of -97.7% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Hitachi Energy India Limited. Notable increase of 332.37 % in net profit Year to Year, Hitachi Energy India Limited’s profitability dropped by -90.83 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 331.58 % Year to Year. EPS decreased by -90.83 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1040.06 Cr | Rs. 1695.28 Cr | Rs. 1327.24 Cr | -21.71 % | + 27.61 % |
| Expenses | Rs. 1006.39 Cr | Rs. 1513.31 Cr | Rs. 1279.34 Cr | -15.46 % | + 27.12 % |
| Operating Profit | Rs. 33.67 Cr | Rs. 181.97 Cr | Rs. 47.9 Cr | -73.68 % | + 42.26 % |
| OPM % | 3.24 % | 10.73 % | 3.61 % | -7.12 % | + 0.37 % |
| Other Income | Rs. 2.94 Cr | Rs. 3.92 Cr | Rs. 0.09 Cr | -97.7 % | -96.94 % |
| Interest | Rs. 10.97 Cr | Rs. 11.2 Cr | Rs. 10.89 Cr | -2.77 % | -0.73 % |
| Depreciation | Rs. 22.26 Cr | Rs. 22.52 Cr | Rs. 22.05 Cr | -2.09 % | -0.94 % |
| Profit before tax | Rs. 3.38 Cr | Rs. 152.17 Cr | Rs. 15.05 Cr | -90.11 % | + 345.27 % |
| Tax % | 28.7 % | 25.31 % | 30.76 % | + 5.45 % | + 2.06 % |
| Net Profit | Rs. 2.41 Cr | Rs. 113.66 Cr | Rs. 10.42 Cr | -90.83 % | + 332.37 % |
| EPS in Rs | Rs. 0.57 | Rs. 26.82 | Rs. 2.46 | -90.83 % | + 331.58 % |
Today, we’re looking at Hitachi Energy India 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 27.61 %. However, it did see a marginal slip of -21.71 % from the previous quarter. Expenses decreased slightly by -15.46 % quarter-on-quarter, aligning with the annual rise of 27.12 %. Operating profit, while up 42.26 % compared to last year, faced a quarter-on-quarter dip of -73.68 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.37 %, but a shrinkage of -7.12 % sequentially. Other income fell by -97.7 % compared to the last quarter, despite an annual decline of -96.94 %. Interest expenses dropped significantly by -2.77 % from the previous quarter, yet the year-over-year decrease remains at a moderate -0.73 %. Depreciation costs fell by -2.09 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -0.94 %. Profit before tax grew annually by 345.27 % but saw a reduction from the preceding quarter by -90.11 %.
Tax expenses as a percentage of profits increased slightly by 2.06 % compared to last year, with a more notable quarter-on-quarter increase of 5.45 %. Net profit rose by 332.37 % year-on-year but witnessed a -90.83 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 331.58 % but a quarterly fall of -90.83 %. In summary, Hitachi Energy India 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. 1040.06 Cr | Rs. 1695.28 Cr | Rs. 1327.24 Cr | -21.71 % | + 27.61 % |
| Expenses | Rs. 1006.39 Cr | Rs. 1513.31 Cr | Rs. 1279.34 Cr | -15.46 % | + 27.12 % |
| Operating Profit | Rs. 33.67 Cr | Rs. 181.97 Cr | Rs. 47.9 Cr | -73.68 % | + 42.26 % |
| Net Profit | Rs. 2.41 Cr | Rs. 113.66 Cr | Rs. 10.42 Cr | -90.83 % | + 332.37 % |
| EPS in Rs | Rs. 0.57 | Rs. 26.82 | Rs. 2.46 | -90.83 % | + 331.58 % |
In reviewing Hitachi Energy India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 27.61 % year-on-year growth, although there was a slight dip of -21.71 % from the previous quarter. Expenses rose by 27.12 % compared to the previous year, with a decrease of -15.46 % quarter-on-quarter. Operating Profit surged by 42.26 % annually, and saw a -73.68 % decrease from the last quarter.
Net Profit showed yearly increase of 332.37 %, and experienced a -90.83 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 331.58 % annually, however dipped by -90.83 % compared to the last quarter. In essence, while Hitachi Energy India Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
