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Share the post "Hardcastle & Waud Mfg Co ‘s Q2 Results: Profit Drops by 179.71% YoY"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -16.75 % over the year, decrease in net sales/revenue by -28.88 %.
- 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 0 %. Marginal decrease of -6.14% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Hardcastle & Waud Mfg. Co. Ltd.,. Profit dropped by -180.76 % Year to Year, Hardcastle & Waud Mfg. Co. Ltd.,’s profitability dropped by -148.51 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -180.69 % Year to Year. EPS decreased by -148.48 % 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. 1.361 Cr | Rs. 1.593 Cr | Rs. 1.133 Cr | -28.88 % | -16.75 % |
| Expenses | Rs. 0.68 Cr | Rs. 0.48 Cr | Rs. 0.58 Cr | + 20.83 % | -14.71 % |
| Operating Profit | Rs. 0.68 Cr | Rs. 1.11 Cr | Rs. 0.55 Cr | -50.45 % | -19.12 % |
| OPM % | 49.96 % | 69.68 % | 48.54 % | -21.14 % | -1.42 % |
| Other Income | Rs. 0.107 Cr | Rs. 0.114 Cr | Rs. 0.107 Cr | -6.14 % | + 0 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.17 Cr | Rs. 0.17 Cr | Rs. 0.18 Cr | + 5.88 % | + 5.88 % |
| Profit before tax | Rs. 0.62 Cr | Rs. 1.05 Cr | Rs. 0.48 Cr | -54.29 % | -22.58 % |
| Tax % | 10.82 % | 7.23 % | 215.42 % | + 208.19 % | + 204.6 % |
| Net Profit | Rs. 0.69 Cr | Rs. 1.14 Cr | Rs. -0.55 Cr | -148.25 % | -179.71 % |
| EPS in Rs | Rs. 10.1 | Rs. 16.81 | Rs. -8.15 | -148.48 % | -180.69 % |
Today, we’re looking at Hardcastle & Waud Mfg. Co. Ltd.,’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -16.75 %. However, it did see a marginal slip of -28.88 % from the previous quarter. Expenses ticked up slightly by 20.83 % quarter-on-quarter, aligning with the annual decline of -14.71 %. Operating profit, while down -19.12 % compared to last year, faced a quarter-on-quarter dip of -50.45 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.42 %, but a shrinkage of -21.14 % sequentially. Other income fell by -6.14 % compared to the last quarter, despite an annual growth of 0 %. Depreciation costs climbed by 5.88 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 5.88 %. Profit before tax declined annually by -22.58 % but saw a reduction from the preceding quarter by -54.29 %.
Tax expenses as a percentage of profits increased slightly by 204.6 % compared to last year, with a more notable quarter-on-quarter increase of 208.19 %. Net profit fell by -179.71 % year-on-year but witnessed a -148.25 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -180.69 % but a quarterly fall of -148.48 %. In summary, Hardcastle & Waud Mfg. Co. 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. 1.361 Cr | Rs. 1.593 Cr | Rs. 1.133 Cr | -28.88 % | -16.75 % |
| Expenses | Rs. 0.68 Cr | Rs. 0.48 Cr | Rs. 0.58 Cr | + 20.83 % | -14.71 % |
| Operating Profit | Rs. 0.68 Cr | Rs. 1.11 Cr | Rs. 0.55 Cr | -50.45 % | -19.12 % |
| Net Profit | Rs. 0.69 Cr | Rs. 1.14 Cr | Rs. -0.55 Cr | -148.25 % | -179.71 % |
| EPS in Rs | Rs. 10.1 | Rs. 16.81 | Rs. -8.15 | -148.48 % | -180.69 % |
In reviewing Hardcastle & Waud Mfg. Co. Ltd.,’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -16.75 % year-on-year, although there was a slight dip of -28.88 % from the previous quarter. Expenses decreased by -14.71 % compared to the previous year, with a 20.83 % increase quarter-on-quarter. Operating Profit dropped by -19.12 % annually, and saw a -50.45 % decrease from the last quarter.
Net Profit showed yearly decrease of -179.71 %, and experienced a -148.25 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -180.69 % annually, however dipped by -148.48 % compared to the last quarter. In essence, while Hardcastle & Waud Mfg. Co. Ltd., faces strong annual decline 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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