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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 10.72 % in the past year, substantial increase in net sales/revenue by 7.29 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 46.91 %. Marginal decrease of -86.53% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Haryana Leather Chemicals Ltd.,. Notable increase of 50.12 % in net profit Year to Year, Haryana Leather Chemicals Ltd.,’s profitability dropped by -72.75 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 50.00 % Year to Year. EPS decreased by -72.73 % 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. 11.017 Cr | Rs. 11.369 Cr | Rs. 12.198 Cr | + 7.29 % | + 10.72 % |
| Expenses | Rs. 10.46 Cr | Rs. 10.79 Cr | Rs. 11.44 Cr | + 6.02 % | + 9.37 % |
| Operating Profit | Rs. 0.56 Cr | Rs. 0.58 Cr | Rs. 0.76 Cr | + 31.03 % | + 35.71 % |
| OPM % | 5.08 % | 5.1 % | 6.23 % | + 1.13 % | + 1.15 % |
| Other Income | Rs. 0.243 Cr | Rs. 2.65 Cr | Rs. 0.357 Cr | -86.53 % | + 46.91 % |
| Interest | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.01 Cr | + 0 % | + 0 % |
| Depreciation | Rs. 0.19 Cr | Rs. 0.32 Cr | Rs. 0.2 Cr | -37.5 % | + 5.26 % |
| Profit before tax | Rs. 0.6 Cr | Rs. 2.9 Cr | Rs. 0.91 Cr | -68.62 % | + 51.67 % |
| Tax % | 27.68 % | 16.18 % | 28.27 % | + 12.09 % | + 0.59 % |
| Net Profit | Rs. 0.43 Cr | Rs. 2.37 Cr | Rs. 0.65 Cr | -72.57 % | + 51.16 % |
| EPS in Rs | Rs. 0.88 | Rs. 4.84 | Rs. 1.32 | -72.73 % | + 50 % |
Today, we’re looking at Haryana Leather Chemicals Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 10.72 %. However, it did see a marginal increase of 7.29 % from the previous quarter. Expenses ticked up slightly by 6.02 % quarter-on-quarter, aligning with the annual rise of 9.37 %. Operating profit, while up 35.71 % compared to last year, faced a quarter-on-quarter increase of 31.03 %, 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 1.15 %, but an expansion of 1.13 % sequentially. Other income fell by -86.53 % compared to the last quarter, despite an annual growth of 46.91 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs fell by -37.5 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 5.26 %. Profit before tax grew annually by 51.67 % but saw a reduction from the preceding quarter by -68.62 %.
Tax expenses as a percentage of profits increased slightly by 0.59 % compared to last year, with a more notable quarter-on-quarter increase of 12.09 %. Net profit rose by 51.16 % year-on-year but witnessed a -72.57 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 50 % but a quarterly fall of -72.73 %. In summary, Haryana Leather Chemicals Ltd.,’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. 11.017 Cr | Rs. 11.369 Cr | Rs. 12.198 Cr | + 7.29 % | + 10.72 % |
| Expenses | Rs. 10.46 Cr | Rs. 10.79 Cr | Rs. 11.44 Cr | + 6.02 % | + 9.37 % |
| Operating Profit | Rs. 0.56 Cr | Rs. 0.58 Cr | Rs. 0.76 Cr | + 31.03 % | + 35.71 % |
| Net Profit | Rs. 0.43 Cr | Rs. 2.37 Cr | Rs. 0.65 Cr | -72.57 % | + 51.16 % |
| EPS in Rs | Rs. 0.88 | Rs. 4.84 | Rs. 1.32 | -72.73 % | + 50 % |
In reviewing Haryana Leather Chemicals Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 10.72 % year-on-year growth, however, there was a minor increase of 7.29 % from the previous quarter. Expenses rose by 9.37 % compared to the previous year, with a 6.02 % increase quarter-on-quarter. Operating Profit surged by 35.71 % annually, and saw a 31.03 % increase from the last quarter.
Net Profit showed yearly increase of 51.16 %, and experienced a -72.57 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 50 % annually, however dipped by -72.73 % compared to the last quarter. In essence, while Haryana Leather Chemicals Ltd., 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.
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