Hariom Pipe Industries announced Financial Results Q1 2024

The comprehensive analytics outlining the performance and outlook of Hariom Pipe Industries Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Hariom Pipe Industries Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 42.92 %. However, it did see a marginal increase of 3.7 % from the previous quarter. Expenses ticked up slightly by 3.38 % quarter-on-quarter, aligning with the annual rise of 40.86 %. Operating profit, while up 58.43 % compared to last year, faced a quarter-on-quarter increase of 5.97 %, 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 1.27 %, but an expansion of 0.28 % sequentially. Other income fell by -10.71 % compared to the last quarter, despite an annual decline of -7.57 %. Interest expenses surged remarkably by 10.46 % from the previous quarter, yet the year-over-year increase remains at a moderate 155.94 %. Depreciation costs climbed by 23.08 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 129.09 %. Profit before tax grew annually by 14.99 % but saw a reduction from the preceding quarter by -3.73 %.
Tax expenses as a percentage of profits increased slightly by 1.1 % compared to last year, with a more notable quarter-on-quarter decrease of -6.02 %. Net profit rose by 13.41 % year-on-year but experienced a 4.41 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 13.23 % but a quarterly rise of 4.24 %. In summary, Hariom Pipe Industries Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Hariom Pipe Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 42.92 % year-on-year growth, however, there was a minor increase of 3.7 % from the previous quarter. Expenses rose by 40.86 % compared to the previous year, with a 3.38 % increase quarter-on-quarter. Operating Profit surged by 58.43 % annually, and saw a 5.97 % increase from the last quarter.
Net Profit showed yearly increase of 13.41 %, and experienced a 4.41 % increase from the previous quarter. Earnings Per Share (EPS) rose by 13.23 % annually, however rose by 4.24 % compared to the last quarter. In essence, while Hariom Pipe Industries Limited 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.