Share the post "Hindware Home Innovation ‘s Q2 Update: Revenue Decreases by 10.07% Year-on-Year"
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 -10.07 % over the year, substantial increase in net sales/revenue by 4.99 %.
- 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 20.84 %. Marginal decrease of -20.71% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Hindware Home Innovation Limited. Profit dropped by -178.93 % Year to Year, Hindware Home Innovation Limited’s profitability increased by 297.7 % in this quarter.
- EPS over the Year and quarter: EPS declined by -179.41 % Year to Year. EPS increased by 292.73 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 700.35 Cr | Rs. 599.91 Cr | Rs. 629.83 Cr | + 4.99 % | -10.07 % |
Expenses | Rs. 629.64 Cr | Rs. 560.79 Cr | Rs. 603.61 Cr | + 7.64 % | -4.13 % |
Operating Profit | Rs. 70.71 Cr | Rs. 39.12 Cr | Rs. 26.22 Cr | -32.98 % | -62.92 % |
OPM % | 10.1 % | 6.52 % | 4.16 % | -2.36 % | -5.94 % |
Other Income | Rs. 8.11 Cr | Rs. 12.36 Cr | Rs. 9.8 Cr | -20.71 % | + 20.84 % |
Interest | Rs. 24.32 Cr | Rs. 23.93 Cr | Rs. 23.55 Cr | -1.59 % | -3.17 % |
Depreciation | Rs. 30.41 Cr | Rs. 30.73 Cr | Rs. 30.89 Cr | + 0.52 % | + 1.58 % |
Profit before tax | Rs. 24.09 Cr | Rs. -3.18 Cr | Rs. -18.42 Cr | -479.25 % | -176.46 % |
Tax % | 17.38 % | 29.58 % | -26.05 % | -55.63 % | -43.43 % |
Net Profit | Rs. 19.7 Cr | Rs. -3.91 Cr | Rs. -15.55 Cr | -297.7 % | -178.93 % |
EPS in Rs | Rs. 2.72 | Rs. -0.55 | Rs. -2.16 | -292.73 % | -179.41 % |
Today, we’re looking at Hindware Home Innovation 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 -10.07 %. However, it did see a marginal increase of 4.99 % from the previous quarter. Expenses ticked up slightly by 7.64 % quarter-on-quarter, aligning with the annual decline of -4.13 %. Operating profit, while down -62.92 % compared to last year, faced a quarter-on-quarter dip of -32.98 %, 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 -5.94 %, but a shrinkage of -2.36 % sequentially. Other income fell by -20.71 % compared to the last quarter, despite an annual growth of 20.84 %. Interest expenses dropped significantly by -1.59 % from the previous quarter, yet the year-over-year decrease remains at a moderate -3.17 %. Depreciation costs climbed by 0.52 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.58 %. Profit before tax declined annually by -176.46 % but saw a reduction from the preceding quarter by -479.25 %.
Tax expenses as a percentage of profits decreased slightly by -43.43 % compared to last year, with a more notable quarter-on-quarter decrease of -55.63 %. Net profit fell by -178.93 % year-on-year but witnessed a -297.7 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -179.41 % but a quarterly fall of -292.73 %. In summary, Hindware Home Innovation 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. 700.35 Cr | Rs. 599.91 Cr | Rs. 629.83 Cr | + 4.99 % | -10.07 % |
Expenses | Rs. 629.64 Cr | Rs. 560.79 Cr | Rs. 603.61 Cr | + 7.64 % | -4.13 % |
Operating Profit | Rs. 70.71 Cr | Rs. 39.12 Cr | Rs. 26.22 Cr | -32.98 % | -62.92 % |
Net Profit | Rs. 19.7 Cr | Rs. -3.91 Cr | Rs. -15.55 Cr | -297.7 % | -178.93 % |
EPS in Rs | Rs. 2.72 | Rs. -0.55 | Rs. -2.16 | -292.73 % | -179.41 % |
In reviewing Hindware Home Innovation Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -10.07 % year-on-year, however, there was a minor increase of 4.99 % from the previous quarter. Expenses decreased by -4.13 % compared to the previous year, with a 7.64 % increase quarter-on-quarter. Operating Profit dropped by -62.92 % annually, and saw a -32.98 % decrease from the last quarter.
Net Profit showed yearly decrease of -178.93 %, and experienced a -297.7 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -179.41 % annually, however dipped by -292.73 % compared to the last quarter. In essence, while Hindware Home Innovation Limited 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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