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Hariom Pipe Industries : Q4 2024 Financial Quarterly Report : YoY Sales Up 31.58 %, QoQ Up 18.19 %

May 22, 2024May 22, 2024| adminadmin| 0 Comments| 3:15 am
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 31.58 % in the past year, substantial increase in net sales/revenue by 18.19 %.
  • 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 784.62 %. Marginal decrease of -42.21% in other income during this quarter.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Hariom Pipe Industries Limited. Profit dropped by -2.79 % Year to Year, Hariom Pipe Industries Limited’s profitability increased by 70.89 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -11.23 % Year to Year. EPS increased by 69.3 % in previous quarter. Positive impact on shareholders.

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.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 251.497 Cr Rs. 279.997 Cr Rs. 330.92 Cr + 18.19 % + 31.58 %
Expenses Rs. 220.15 Cr Rs. 247.39 Cr Rs. 288.88 Cr + 16.77 % + 31.22 %
Operating Profit Rs. 31.35 Cr Rs. 32.61 Cr Rs. 42.04 Cr + 28.92 % + 34.1 %
OPM % 12.47 % 11.65 % 12.7 % + 1.05 % + 0.23 %
Other Income Rs. 0.13 Cr Rs. 1.99 Cr Rs. 1.15 Cr -42.21 % + 784.62 %
Interest Rs. 4.51 Cr Rs. 11.17 Cr Rs. 9.94 Cr -11.01 % + 120.4 %
Depreciation Rs. 3.41 Cr Rs. 9.63 Cr Rs. 9.66 Cr + 0.31 % + 183.28 %
Profit before tax Rs. 23.56 Cr Rs. 13.8 Cr Rs. 23.59 Cr + 70.94 % + 0.13 %
Tax % 26.78 % 28.88 % 28.92 % + 0.04 % + 2.14 %
Net Profit Rs. 17.25 Cr Rs. 9.81 Cr Rs. 16.77 Cr + 70.95 % -2.78 %
EPS in Rs Rs. 6.77 Rs. 3.55 Rs. 6.01 + 69.3 % -11.23 %


Today, we’re looking at Hariom Pipe Industries Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 31.58 %. However, it did see a marginal increase of 18.19 % from the previous quarter. Expenses ticked up slightly by 16.77 % quarter-on-quarter, aligning with the annual rise of 31.22 %. Operating profit, while up 34.1 % compared to last year, faced a quarter-on-quarter increase of 28.92 %, 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 0.23 %, but an expansion of 1.05 % sequentially. Other income fell by -42.21 % compared to the last quarter, despite an annual growth of 784.62 %. Interest expenses dropped significantly by -11.01 % from the previous quarter, yet the year-over-year increase remains at a moderate 120.4 %. Depreciation costs climbed by 0.31 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 183.28 %. Profit before tax grew annually by 0.13 % but saw an increase from the preceding quarter by 70.94 %.
Tax expenses as a percentage of profits increased slightly by 2.14 % compared to last year, with a more notable quarter-on-quarter increase of 0.04 %. Net profit fell by -2.78 % year-on-year but experienced a 70.95 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -11.23 % but a quarterly rise of 69.3 %. 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.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 251.497 Cr Rs. 279.997 Cr Rs. 330.92 Cr + 18.19 % + 31.58 %
Expenses Rs. 220.15 Cr Rs. 247.39 Cr Rs. 288.88 Cr + 16.77 % + 31.22 %
Operating Profit Rs. 31.35 Cr Rs. 32.61 Cr Rs. 42.04 Cr + 28.92 % + 34.1 %
Net Profit Rs. 17.25 Cr Rs. 9.81 Cr Rs. 16.77 Cr + 70.95 % -2.78 %
EPS in Rs Rs. 6.77 Rs. 3.55 Rs. 6.01 + 69.3 % -11.23 %


In reviewing Hariom Pipe Industries Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 31.58 % year-on-year growth, however, there was a minor increase of 18.19 % from the previous quarter. Expenses rose by 31.22 % compared to the previous year, with a 16.77 % increase quarter-on-quarter. Operating Profit surged by 34.1 % annually, and saw a 28.92 % increase from the last quarter.
Net Profit showed yearly decrease of -2.78 %, and experienced a 70.95 % increase from the previous quarter. Earnings Per Share (EPS) fell by -11.23 % annually, however rose by 69.3 % 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.

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