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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 -3.69 % over the year, substantial increase in net sales/revenue by 32.77 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -11.43 %, Marginal decrease of -49.18% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for H.P. Cotton Textile Mills Ltd.,. Profit dropped by -150.54 % Year to Year, H.P. Cotton Textile Mills Ltd.,’s profitability dropped by -120.7 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -150.85 % Year to Year. EPS decreased by -120.76 % 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. 26.29 Cr | Rs. 19.07 Cr | Rs. 25.32 Cr | + 32.77 % | -3.69 % |
Expenses | Rs. 25.49 Cr | Rs. 19.83 Cr | Rs. 23.1 Cr | + 16.49 % | -9.38 % |
Operating Profit | Rs. 0.8 Cr | Rs. -0.76 Cr | Rs. 2.22 Cr | + 392.11 % | + 177.5 % |
OPM % | 3.04 % | -3.99 % | 8.77 % | + 12.76 % | + 5.73 % |
Other Income | Rs. 0.35 Cr | Rs. 0.61 Cr | Rs. 0.31 Cr | -49.18 % | -11.43 % |
Interest | Rs. 1.46 Cr | Rs. 1.72 Cr | Rs. 1.46 Cr | -15.12 % | + 0 % |
Depreciation | Rs. 0.89 Cr | Rs. 0.86 Cr | Rs. 0.82 Cr | -4.65 % | -7.87 % |
Profit before tax | Rs. -1.2 Cr | Rs. -2.73 Cr | Rs. 0.25 Cr | + 109.16 % | + 120.83 % |
Tax % | -22.5 % | -16.85 % | 88 % | + 104.85 % | + 110.5 % |
Net Profit | Rs. -0.93 Cr | Rs. -2.27 Cr | Rs. 0.47 Cr | + 120.7 % | + 150.54 % |
EPS in Rs | Rs. -2.36 | Rs. -5.78 | Rs. 1.2 | + 120.76 % | + 150.85 % |
Today, we’re looking at H.P. Cotton Textile Mills 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 -3.69 %. However, it did see a marginal increase of 32.77 % from the previous quarter. Expenses ticked up slightly by 16.49 % quarter-on-quarter, aligning with the annual decline of -9.38 %. Operating profit, while up 177.5 % compared to last year, faced a quarter-on-quarter increase of 392.11 %, 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 5.73 %, but an expansion of 12.76 % sequentially. Other income fell by -49.18 % compared to the last quarter, despite an annual decline of -11.43 %. Interest expenses dropped significantly by -15.12 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs fell by -4.65 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -7.87 %. Profit before tax grew annually by 120.83 % but saw an increase from the preceding quarter by 109.16 %.
Tax expenses as a percentage of profits increased slightly by 110.5 % compared to last year, with a more notable quarter-on-quarter increase of 104.85 %. Net profit rose by 150.54 % year-on-year but experienced a 120.7 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 150.85 % but a quarterly rise of 120.76 %. In summary, H.P. Cotton Textile Mills 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. 26.29 Cr | Rs. 19.07 Cr | Rs. 25.32 Cr | + 32.77 % | -3.69 % |
Expenses | Rs. 25.49 Cr | Rs. 19.83 Cr | Rs. 23.1 Cr | + 16.49 % | -9.38 % |
Operating Profit | Rs. 0.8 Cr | Rs. -0.76 Cr | Rs. 2.22 Cr | + 392.11 % | + 177.5 % |
Net Profit | Rs. -0.93 Cr | Rs. -2.27 Cr | Rs. 0.47 Cr | + 120.7 % | + 150.54 % |
EPS in Rs | Rs. -2.36 | Rs. -5.78 | Rs. 1.2 | + 120.76 % | + 150.85 % |
In reviewing H.P. Cotton Textile Mills Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -3.69 % year-on-year, however, there was a minor increase of 32.77 % from the previous quarter. Expenses decreased by -9.38 % compared to the previous year, with a 16.49 % increase quarter-on-quarter. Operating Profit surged by 177.5 % annually, and saw a 392.11 % increase from the last quarter.
Net Profit showed yearly increase of 150.54 %, and experienced a 120.7 % increase from the previous quarter. Earnings Per Share (EPS) rose by 150.85 % annually, however rose by 120.76 % compared to the last quarter. In essence, while H.P. Cotton Textile Mills Ltd., exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.