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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 2.24 % in the past year, substantial increase in net sales/revenue by 4.62 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -400 %, Marginal decrease of -104.41% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Hisar Metal Industries Limited. Profit dropped by -51.69 % Year to Year, Hisar Metal Industries Limited’s profitability dropped by -18.87 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -51.82 % Year to Year. EPS decreased by -18.88 % 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. 62.19 Cr | Rs. 60.77 Cr | Rs. 63.58 Cr | + 4.62 % | + 2.24 % |
Expenses | Rs. 57.81 Cr | Rs. 57.67 Cr | Rs. 59.7 Cr | + 3.52 % | + 3.27 % |
Operating Profit | Rs. 4.38 Cr | Rs. 3.1 Cr | Rs. 3.88 Cr | + 25.16 % | -11.42 % |
OPM % | 7.04 % | 5.1 % | 6.1 % | + 1 % | -0.94 % |
Other Income | Rs. 0.01 Cr | Rs. 0.68 Cr | Rs. -0.03 Cr | -104.41 % | -400 % |
Interest | Rs. 1.45 Cr | Rs. 2.08 Cr | Rs. 2 Cr | -3.85 % | + 37.93 % |
Depreciation | Rs. 0.56 Cr | Rs. 0.57 Cr | Rs. 0.7 Cr | + 22.81 % | + 25 % |
Profit before tax | Rs. 2.38 Cr | Rs. 1.13 Cr | Rs. 1.15 Cr | + 1.77 % | -51.68 % |
Tax % | 25.21 % | 6.19 % | 25.22 % | + 19.03 % | + 0.01 % |
Net Profit | Rs. 1.78 Cr | Rs. 1.06 Cr | Rs. 0.86 Cr | -18.87 % | -51.69 % |
EPS in Rs | Rs. 3.3 | Rs. 1.96 | Rs. 1.59 | -18.88 % | -51.82 % |
Today, we’re looking at Hisar Metal Industries 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 2.24 %. However, it did see a marginal increase of 4.62 % from the previous quarter. Expenses ticked up slightly by 3.52 % quarter-on-quarter, aligning with the annual rise of 3.27 %. Operating profit, while down -11.42 % compared to last year, faced a quarter-on-quarter increase of 25.16 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.94 %, but an expansion of 1 % sequentially. Other income fell by -104.41 % compared to the last quarter, despite an annual decline of -400 %. Interest expenses dropped significantly by -3.85 % from the previous quarter, yet the year-over-year increase remains at a moderate 37.93 %. Depreciation costs climbed by 22.81 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 25 %. Profit before tax declined annually by -51.68 % but saw an increase from the preceding quarter by 1.77 %.
Tax expenses as a percentage of profits increased slightly by 0.01 % compared to last year, with a more notable quarter-on-quarter increase of 19.03 %. Net profit fell by -51.69 % year-on-year but witnessed a -18.87 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -51.82 % but a quarterly fall of -18.88 %. In summary, Hisar Metal Industries 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. 62.19 Cr | Rs. 60.77 Cr | Rs. 63.58 Cr | + 4.62 % | + 2.24 % |
Expenses | Rs. 57.81 Cr | Rs. 57.67 Cr | Rs. 59.7 Cr | + 3.52 % | + 3.27 % |
Operating Profit | Rs. 4.38 Cr | Rs. 3.1 Cr | Rs. 3.88 Cr | + 25.16 % | -11.42 % |
Net Profit | Rs. 1.78 Cr | Rs. 1.06 Cr | Rs. 0.86 Cr | -18.87 % | -51.69 % |
EPS in Rs | Rs. 3.3 | Rs. 1.96 | Rs. 1.59 | -18.88 % | -51.82 % |
In reviewing Hisar Metal Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 2.24 % year-on-year growth, however, there was a minor increase of 4.62 % from the previous quarter. Expenses rose by 3.27 % compared to the previous year, with a 3.52 % increase quarter-on-quarter. Operating Profit dropped by -11.42 % annually, and saw a 25.16 % increase from the last quarter.
Net Profit showed yearly decrease of -51.69 %, and experienced a -18.87 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -51.82 % annually, however dipped by -18.88 % compared to the last quarter. In essence, while Hisar Metal Industries Limited faces strong annual decline 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.