Highlights
- Sales over the Year and quarter: The company’s sales declined by -19.54 % over the year, substantial increase in net sales/revenue by 47.38 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -82.32 %, Marginal increase in other income during this quarter, up by 1350%.
- Profit over the Year and quarter: Significant improvement in profitability for Bhandari Hosiery Exports Ltd.. Notable increase of 4.33 % in net profit Year to Year, Bhandari Hosiery Exports Ltd.’s profitability dropped by -7.61 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -10.00 % Year to Year. EPS decreased by -18.18 % 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. 110.408 Cr | Rs. 60.274 Cr | Rs. 88.83 Cr | + 47.38 % | -19.54 % |
| Expenses | Rs. 104.44 Cr | Rs. 53.98 Cr | Rs. 81.63 Cr | + 51.22 % | -21.84 % |
| Operating Profit | Rs. 5.97 Cr | Rs. 6.29 Cr | Rs. 7.2 Cr | + 14.47 % | + 20.6 % |
| OPM % | 5.41 % | 10.44 % | 8.11 % | -2.33 % | + 2.7 % |
| Other Income | Rs. 1.64 Cr | Rs. 0.02 Cr | Rs. 0.29 Cr | + 1350 % | -82.32 % |
| Interest | Rs. 2.69 Cr | Rs. 2.86 Cr | Rs. 3.28 Cr | + 14.69 % | + 21.93 % |
| Depreciation | Rs. 0.97 Cr | Rs. 1.31 Cr | Rs. 1.56 Cr | + 19.08 % | + 60.82 % |
| Profit before tax | Rs. 3.95 Cr | Rs. 2.14 Cr | Rs. 2.65 Cr | + 23.83 % | -32.91 % |
| Tax % | 33.87 % | 17.65 % | 37.95 % | + 20.3 % | + 4.08 % |
| Net Profit | Rs. 1.57 Cr | Rs. 1.77 Cr | Rs. 1.64 Cr | -7.34 % | + 4.46 % |
| EPS in Rs | Rs. 0.1 | Rs. 0.11 | Rs. 0.09 | -18.18 % | -10 % |
Today, we’re looking at Bhandari Hosiery Exports Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -19.54 %. However, it did see a marginal increase of 47.38 % from the previous quarter. Expenses ticked up slightly by 51.22 % quarter-on-quarter, aligning with the annual decline of -21.84 %. Operating profit, while up 20.6 % compared to last year, faced a quarter-on-quarter increase of 14.47 %, 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 2.7 %, but a shrinkage of -2.33 % sequentially. Other income rose by 1350 % compared to the last quarter, despite an annual decline of -82.32 %. Interest expenses surged remarkably by 14.69 % from the previous quarter, yet the year-over-year increase remains at a moderate 21.93 %. Depreciation costs climbed by 19.08 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 60.82 %. Profit before tax declined annually by -32.91 % but saw an increase from the preceding quarter by 23.83 %.
Tax expenses as a percentage of profits increased slightly by 4.08 % compared to last year, with a more notable quarter-on-quarter increase of 20.3 %. Net profit rose by 4.46 % year-on-year but witnessed a -7.34 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -10 % but a quarterly fall of -18.18 %. In summary, Bhandari Hosiery Exports 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. 110.408 Cr | Rs. 60.274 Cr | Rs. 88.83 Cr | + 47.38 % | -19.54 % |
| Expenses | Rs. 104.44 Cr | Rs. 53.98 Cr | Rs. 81.63 Cr | + 51.22 % | -21.84 % |
| Operating Profit | Rs. 5.97 Cr | Rs. 6.29 Cr | Rs. 7.2 Cr | + 14.47 % | + 20.6 % |
| Net Profit | Rs. 1.57 Cr | Rs. 1.77 Cr | Rs. 1.64 Cr | -7.34 % | + 4.46 % |
| EPS in Rs | Rs. 0.1 | Rs. 0.11 | Rs. 0.09 | -18.18 % | -10 % |
In reviewing Bhandari Hosiery Exports Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -19.54 % year-on-year, however, there was a minor increase of 47.38 % from the previous quarter. Expenses decreased by -21.84 % compared to the previous year, with a 51.22 % increase quarter-on-quarter. Operating Profit surged by 20.6 % annually, and saw a 14.47 % increase from the last quarter.
Net Profit showed yearly increase of 4.46 %, and experienced a -7.34 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -10 % annually, however dipped by -18.18 % compared to the last quarter. In essence, while Bhandari Hosiery Exports 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.
