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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -99.6 % over the year, decrease in net sales/revenue by -68.53 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -30.04 %, Marginal increase in other income during this quarter, up by 4.15%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Hariyana Ship Breakers Ltd.. Profit dropped by -106.68 % Year to Year, Hariyana Ship Breakers Ltd.’s profitability increased by 465.85 % in this quarter.
- EPS over the Year and quarter: EPS declined by -106.75 % Year to Year. EPS increased by 442.86 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 56.461 Cr | Rs. 0.715 Cr | Rs. 0.225 Cr | -68.53 % | -99.6 % |
| Expenses | Rs. 61.77 Cr | Rs. 1.67 Cr | Rs. 0.56 Cr | -66.47 % | -99.09 % |
| Operating Profit | Rs. -5.31 Cr | Rs. -0.96 Cr | Rs. -0.34 Cr | + 64.58 % | + 93.6 % |
| OPM % | -9.4 % | -134.27 % | -151.11 % | -16.84 % | -141.71 % |
| Other Income | Rs. 2.979 Cr | Rs. 2.001 Cr | Rs. 2.084 Cr | + 4.15 % | -30.04 % |
| Interest | Rs. 0.77 Cr | Rs. 0.66 Cr | Rs. 1.11 Cr | + 68.18 % | + 44.16 % |
| Depreciation | Rs. 0.3 Cr | Rs. 0.28 Cr | Rs. 0.28 Cr | + 0 % | -6.67 % |
| Profit before tax | Rs. -3.4 Cr | Rs. 0.1 Cr | Rs. 0.35 Cr | + 250 % | + 110.29 % |
| Tax % | -2.12 % | 20.63 % | 25.71 % | + 5.08 % | + 27.83 % |
| Net Profit | Rs. -3.47 Cr | Rs. 0.04 Cr | Rs. 0.23 Cr | + 475 % | + 106.63 % |
| EPS in Rs | Rs. -5.63 | Rs. 0.07 | Rs. 0.38 | + 442.86 % | + 106.75 % |
Today, we’re looking at Hariyana Ship Breakers Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -99.6 %. However, it did see a marginal slip of -68.53 % from the previous quarter. Expenses decreased slightly by -66.47 % quarter-on-quarter, aligning with the annual decline of -99.09 %. Operating profit, while up 93.6 % compared to last year, faced a quarter-on-quarter increase of 64.58 %, 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 -141.71 %, but a shrinkage of -16.84 % sequentially. Other income rose by 4.15 % compared to the last quarter, despite an annual decline of -30.04 %. Interest expenses surged remarkably by 68.18 % from the previous quarter, yet the year-over-year increase remains at a moderate 44.16 %. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -6.67 %. Profit before tax grew annually by 110.29 % but saw an increase from the preceding quarter by 250 %.
Tax expenses as a percentage of profits increased slightly by 27.83 % compared to last year, with a more notable quarter-on-quarter increase of 5.08 %. Net profit rose by 106.63 % year-on-year but experienced a 475 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 106.75 % but a quarterly rise of 442.86 %. In summary, Hariyana Ship Breakers 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. 56.461 Cr | Rs. 0.715 Cr | Rs. 0.225 Cr | -68.53 % | -99.6 % |
| Expenses | Rs. 61.77 Cr | Rs. 1.67 Cr | Rs. 0.56 Cr | -66.47 % | -99.09 % |
| Operating Profit | Rs. -5.31 Cr | Rs. -0.96 Cr | Rs. -0.34 Cr | + 64.58 % | + 93.6 % |
| Net Profit | Rs. -3.47 Cr | Rs. 0.04 Cr | Rs. 0.23 Cr | + 475 % | + 106.63 % |
| EPS in Rs | Rs. -5.63 | Rs. 0.07 | Rs. 0.38 | + 442.86 % | + 106.75 % |
In reviewing Hariyana Ship Breakers Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -99.6 % year-on-year, although there was a slight dip of -68.53 % from the previous quarter. Expenses decreased by -99.09 % compared to the previous year, with a decrease of -66.47 % quarter-on-quarter. Operating Profit surged by 93.6 % annually, and saw a 64.58 % increase from the last quarter.
Net Profit showed yearly increase of 106.63 %, and experienced a 475 % increase from the previous quarter. Earnings Per Share (EPS) rose by 106.75 % annually, however rose by 442.86 % compared to the last quarter. In essence, while Hariyana Ship Breakers Ltd. 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.
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