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Share the post "Hemang Resources ‘s Latest Q2 Report: Profit Up by 56.16% Year-on-Year"
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 -82.03 % over the year, substantial increase in net sales/revenue by 212.3 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -99.67 %, Marginal increase in other income during this quarter, up by 500%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Hemang Resources Limited. Profit dropped by -56.58 % Year to Year, Hemang Resources Limited’s profitability increased by 57.71 % in this quarter.
- EPS over the Year and quarter: EPS declined by -187.27 % Year to Year. EPS decreased by -420 % 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. 5.37 Cr | Rs. 0.309 Cr | Rs. 0.965 Cr | + 212.3 % | -82.03 % |
| Expenses | Rs. 7.92 Cr | Rs. 0.51 Cr | Rs. 1.29 Cr | + 152.94 % | -83.71 % |
| Operating Profit | Rs. -2.55 Cr | Rs. -0.2 Cr | Rs. -0.33 Cr | -65 % | + 87.06 % |
| OPM % | -47.49 % | -64.72 % | -34.2 % | + 30.52 % | + 13.29 % |
| Other Income | Rs. 1.831 Cr | Rs. 0.001 Cr | Rs. 0.006 Cr | + 500 % | -99.67 % |
| Interest | Rs. 0.01 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. -0.73 Cr | Rs. -0.2 Cr | Rs. -0.32 Cr | -60 % | + 56.16 % |
| Tax % | -0 % | -0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -0.73 Cr | Rs. -0.2 Cr | Rs. -0.32 Cr | -60 % | + 56.16 % |
| EPS in Rs | Rs. -0.55 | Rs. -0.15 | Rs. -0.48 | -220 % | + 12.73 % |
Today, we’re looking at Hemang Resources Limited’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 -82.03 %. However, it did see a marginal increase of 212.3 % from the previous quarter. Expenses ticked up slightly by 152.94 % quarter-on-quarter, aligning with the annual decline of -83.71 %. Operating profit, while up 87.06 % compared to last year, faced a quarter-on-quarter dip of -65 %, 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 13.29 %, but an expansion of 30.52 % sequentially. Other income rose by 500 % compared to the last quarter, despite an annual decline of -99.67 %. Profit before tax grew annually by 56.16 % but saw a reduction from the preceding quarter by -60 %.
Net profit rose by 56.16 % year-on-year but witnessed a -60 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 12.73 % but a quarterly fall of -220 %. In summary, Hemang Resources 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. 5.37 Cr | Rs. 0.309 Cr | Rs. 0.965 Cr | + 212.3 % | -82.03 % |
| Expenses | Rs. 7.92 Cr | Rs. 0.51 Cr | Rs. 1.29 Cr | + 152.94 % | -83.71 % |
| Operating Profit | Rs. -2.55 Cr | Rs. -0.2 Cr | Rs. -0.33 Cr | -65 % | + 87.06 % |
| Net Profit | Rs. -0.73 Cr | Rs. -0.2 Cr | Rs. -0.32 Cr | -60 % | + 56.16 % |
| EPS in Rs | Rs. -0.55 | Rs. -0.15 | Rs. -0.48 | -220 % | + 12.73 % |
In reviewing Hemang Resources Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -82.03 % year-on-year, however, there was a minor increase of 212.3 % from the previous quarter. Expenses decreased by -83.71 % compared to the previous year, with a 152.94 % increase quarter-on-quarter. Operating Profit surged by 87.06 % annually, and saw a -65 % decrease from the last quarter.
Net Profit showed yearly increase of 56.16 %, and experienced a -60 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 12.73 % annually, however dipped by -220 % compared to the last quarter. In essence, while Hemang Resources 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.
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