Share the post "DHP India ‘s Q1 Update: Revenue Decreases by 23.06% 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 -23.06 % over the year, decrease in net sales/revenue by -20.88 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -96.65 %, Marginal decrease of -86.89% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for DHP India Ltd.. Profit dropped by -85.1 % Year to Year, DHP India Ltd.’s profitability dropped by -53.53 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -85.09 % Year to Year. EPS decreased by -53.5 % 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. 16.879 Cr | Rs. 16.414 Cr | Rs. 12.987 Cr | -20.88 % | -23.06 % |
| Expenses | Rs. 13.16 Cr | Rs. 13.58 Cr | Rs. 11.22 Cr | -17.38 % | -14.74 % |
| Operating Profit | Rs. 3.72 Cr | Rs. 2.83 Cr | Rs. 1.77 Cr | -37.46 % | -52.42 % |
| OPM % | 22.04 % | 17.24 % | 13.63 % | -3.61 % | -8.41 % |
| Other Income | Rs. 2.147 Cr | Rs. 0.549 Cr | Rs. 0.072 Cr | -86.89 % | -96.65 % |
| Interest | Rs. 0 Cr | Rs. 0.04 Cr | Rs. 0.09 Cr | + 125 % | 0 % |
| Depreciation | Rs. 0.89 Cr | Rs. 1 Cr | Rs. 0.92 Cr | -8 % | + 3.37 % |
| Profit before tax | Rs. 4.98 Cr | Rs. 2.34 Cr | Rs. 0.83 Cr | -64.53 % | -83.33 % |
| Tax % | 16.74 % | 43.21 % | 25.18 % | -18.03 % | + 8.44 % |
| Net Profit | Rs. 4.15 Cr | Rs. 1.33 Cr | Rs. 0.62 Cr | -53.38 % | -85.06 % |
| EPS in Rs | Rs. 13.82 | Rs. 4.43 | Rs. 2.06 | -53.5 % | -85.09 % |
Today, we’re looking at DHP India 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 -23.06 %. However, it did see a marginal slip of -20.88 % from the previous quarter. Expenses decreased slightly by -17.38 % quarter-on-quarter, aligning with the annual decline of -14.74 %. Operating profit, while down -52.42 % compared to last year, faced a quarter-on-quarter dip of -37.46 %, 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 -8.41 %, but a shrinkage of -3.61 % sequentially. Other income fell by -86.89 % compared to the last quarter, despite an annual decline of -96.65 %. Interest expenses surged remarkably by 125 % from the previous quarter, Depreciation costs fell by -8 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.37 %. Profit before tax declined annually by -83.33 % but saw a reduction from the preceding quarter by -64.53 %.
Tax expenses as a percentage of profits increased slightly by 8.44 % compared to last year, with a more notable quarter-on-quarter decrease of -18.03 %. Net profit fell by -85.06 % year-on-year but witnessed a -53.38 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -85.09 % but a quarterly fall of -53.5 %. In summary, DHP India 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. 16.879 Cr | Rs. 16.414 Cr | Rs. 12.987 Cr | -20.88 % | -23.06 % |
| Expenses | Rs. 13.16 Cr | Rs. 13.58 Cr | Rs. 11.22 Cr | -17.38 % | -14.74 % |
| Operating Profit | Rs. 3.72 Cr | Rs. 2.83 Cr | Rs. 1.77 Cr | -37.46 % | -52.42 % |
| Net Profit | Rs. 4.15 Cr | Rs. 1.33 Cr | Rs. 0.62 Cr | -53.38 % | -85.06 % |
| EPS in Rs | Rs. 13.82 | Rs. 4.43 | Rs. 2.06 | -53.5 % | -85.09 % |
In reviewing DHP India Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -23.06 % year-on-year, although there was a slight dip of -20.88 % from the previous quarter. Expenses decreased by -14.74 % compared to the previous year, with a decrease of -17.38 % quarter-on-quarter. Operating Profit dropped by -52.42 % annually, and saw a -37.46 % decrease from the last quarter.
Net Profit showed yearly decrease of -85.06 %, and experienced a -53.38 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -85.09 % annually, however dipped by -53.5 % compared to the last quarter. In essence, while DHP India 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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