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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 1.89 % in the past year, decrease in net sales/revenue by -30.73 %.
- 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 55.19 %. Marginal increase in other income during this quarter, up by 166.19%.
- Profit over the Year and quarter: Significant improvement in profitability for Harrisons Malayalam Limited. Notable increase of 146.79 % in net profit Year to Year, Harrisons Malayalam Limited’s profitability dropped by -41.24 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 147.15 % Year to Year. EPS decreased by -41.31 % 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. 95.849 Cr | Rs. 140.983 Cr | Rs. 97.659 Cr | -30.73 % | + 1.89 % |
| Expenses | Rs. 96.14 Cr | Rs. 140.07 Cr | Rs. 101.91 Cr | -27.24 % | + 6 % |
| Operating Profit | Rs. -0.29 Cr | Rs. 0.91 Cr | Rs. -4.25 Cr | -567.03 % | -1365.52 % |
| OPM % | -0.3 % | 0.65 % | -4.35 % | -5 % | -4.05 % |
| Other Income | Rs. 2.216 Cr | Rs. -5.196 Cr | Rs. 3.439 Cr | + 166.19 % | + 55.19 % |
| Interest | Rs. 3.02 Cr | Rs. 3.35 Cr | Rs. 3.24 Cr | -3.28 % | + 7.28 % |
| Depreciation | Rs. 1.18 Cr | Rs. 1.92 Cr | Rs. 1.56 Cr | -18.75 % | + 32.2 % |
| Profit before tax | Rs. -2.27 Cr | Rs. -9.56 Cr | Rs. -5.61 Cr | + 41.32 % | -147.14 % |
| Tax % | -0 % | -0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -2.27 Cr | Rs. -9.55 Cr | Rs. -5.61 Cr | + 41.26 % | -147.14 % |
| EPS in Rs | Rs. -1.23 | Rs. -5.18 | Rs. -3.04 | + 41.31 % | -147.15 % |
Today, we’re looking at Harrisons Malayalam 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 1.89 %. However, it did see a marginal slip of -30.73 % from the previous quarter. Expenses decreased slightly by -27.24 % quarter-on-quarter, aligning with the annual rise of 6 %. Operating profit, while down -1365.52 % compared to last year, faced a quarter-on-quarter dip of -567.03 %, 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 -4.05 %, but a shrinkage of -5 % sequentially. Other income rose by 166.19 % compared to the last quarter, despite an annual growth of 55.19 %. Interest expenses dropped significantly by -3.28 % from the previous quarter, yet the year-over-year increase remains at a moderate 7.28 %. Depreciation costs fell by -18.75 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 32.2 %. Profit before tax declined annually by -147.14 % but saw an increase from the preceding quarter by 41.32 %.
Net profit fell by -147.14 % year-on-year but experienced a 41.26 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -147.15 % but a quarterly rise of 41.31 %. In summary, Harrisons Malayalam 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. 95.849 Cr | Rs. 140.983 Cr | Rs. 97.659 Cr | -30.73 % | + 1.89 % |
| Expenses | Rs. 96.14 Cr | Rs. 140.07 Cr | Rs. 101.91 Cr | -27.24 % | + 6 % |
| Operating Profit | Rs. -0.29 Cr | Rs. 0.91 Cr | Rs. -4.25 Cr | -567.03 % | -1365.52 % |
| Net Profit | Rs. -2.27 Cr | Rs. -9.55 Cr | Rs. -5.61 Cr | + 41.26 % | -147.14 % |
| EPS in Rs | Rs. -1.23 | Rs. -5.18 | Rs. -3.04 | + 41.31 % | -147.15 % |
In reviewing Harrisons Malayalam Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 1.89 % year-on-year growth, although there was a slight dip of -30.73 % from the previous quarter. Expenses rose by 6 % compared to the previous year, with a decrease of -27.24 % quarter-on-quarter. Operating Profit dropped by -1365.52 % annually, and saw a -567.03 % decrease from the last quarter.
Net Profit showed yearly decrease of -147.14 %, and experienced a 41.26 % increase from the previous quarter. Earnings Per Share (EPS) fell by -147.15 % annually, however rose by 41.31 % compared to the last quarter. In essence, while Harrisons Malayalam Limited faces strong annual decline 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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