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Share the post "Haryana Leather Chemicals announces Q2 Report: Revenue Dropped by 5.24% YoY"
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 -5.24 % over the year, decrease in net sales/revenue by -11.39 %.
- 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 9.78 %. Marginal decrease of -146.5% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Haryana Leather Chemicals Ltd.,. Profit dropped by -44.69 % Year to Year, Haryana Leather Chemicals Ltd.,’s profitability dropped by -76.66 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -44.64 % Year to Year. EPS decreased by -76.52 % 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. 11.407 Cr | Rs. 12.198 Cr | Rs. 10.809 Cr | -11.39 % | -5.24 % |
| Expenses | Rs. 10.6 Cr | Rs. 11.44 Cr | Rs. 10.11 Cr | -11.63 % | -4.62 % |
| Operating Profit | Rs. 0.81 Cr | Rs. 0.76 Cr | Rs. 0.7 Cr | -7.89 % | -13.58 % |
| OPM % | 7.1 % | 6.23 % | 6.48 % | + 0.25 % | -0.62 % |
| Other Income | Rs. -0.184 Cr | Rs. 0.357 Cr | Rs. -0.166 Cr | -146.5 % | + 9.78 % |
| Interest | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.01 Cr | + 0 % | + 0 % |
| Depreciation | Rs. 0.18 Cr | Rs. 0.2 Cr | Rs. 0.22 Cr | + 10 % | + 22.22 % |
| Profit before tax | Rs. 0.44 Cr | Rs. 0.91 Cr | Rs. 0.3 Cr | -67.03 % | -31.82 % |
| Tax % | 37.67 % | 28.27 % | 50.65 % | + 22.38 % | + 12.98 % |
| Net Profit | Rs. 0.27 Cr | Rs. 0.65 Cr | Rs. 0.15 Cr | -76.92 % | -44.44 % |
| EPS in Rs | Rs. 0.56 | Rs. 1.32 | Rs. 0.31 | -76.52 % | -44.64 % |
Today, we’re looking at Haryana Leather Chemicals Ltd.,’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -5.24 %. However, it did see a marginal slip of -11.39 % from the previous quarter. Expenses decreased slightly by -11.63 % quarter-on-quarter, aligning with the annual decline of -4.62 %. Operating profit, while down -13.58 % compared to last year, faced a quarter-on-quarter dip of -7.89 %, 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 -0.62 %, but an expansion of 0.25 % sequentially. Other income fell by -146.5 % compared to the last quarter, despite an annual growth of 9.78 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs climbed by 10 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 22.22 %. Profit before tax declined annually by -31.82 % but saw a reduction from the preceding quarter by -67.03 %.
Tax expenses as a percentage of profits increased slightly by 12.98 % compared to last year, with a more notable quarter-on-quarter increase of 22.38 %. Net profit fell by -44.44 % year-on-year but witnessed a -76.92 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -44.64 % but a quarterly fall of -76.52 %. In summary, Haryana Leather Chemicals 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. 11.407 Cr | Rs. 12.198 Cr | Rs. 10.809 Cr | -11.39 % | -5.24 % |
| Expenses | Rs. 10.6 Cr | Rs. 11.44 Cr | Rs. 10.11 Cr | -11.63 % | -4.62 % |
| Operating Profit | Rs. 0.81 Cr | Rs. 0.76 Cr | Rs. 0.7 Cr | -7.89 % | -13.58 % |
| Net Profit | Rs. 0.27 Cr | Rs. 0.65 Cr | Rs. 0.15 Cr | -76.92 % | -44.44 % |
| EPS in Rs | Rs. 0.56 | Rs. 1.32 | Rs. 0.31 | -76.52 % | -44.64 % |
In reviewing Haryana Leather Chemicals Ltd.,’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -5.24 % year-on-year, although there was a slight dip of -11.39 % from the previous quarter. Expenses decreased by -4.62 % compared to the previous year, with a decrease of -11.63 % quarter-on-quarter. Operating Profit dropped by -13.58 % annually, and saw a -7.89 % decrease from the last quarter.
Net Profit showed yearly decrease of -44.44 %, and experienced a -76.92 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -44.64 % annually, however dipped by -76.52 % compared to the last quarter. In essence, while Haryana Leather Chemicals 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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