Share the post "Haryana Leather Chemicals : Q4 2024 Financial Quarterly Report : YoY Sales Up 4.48 %, QoQ Up 6.95 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 4.48 % in the past year, substantial increase in net sales/revenue by 6.95 %.
- 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 793.1 %. Marginal increase in other income during this quarter, up by 619.44%.
- Profit over the Year and quarter: Significant improvement in profitability for Haryana Leather Chemicals Ltd.,. Notable increase of 310.73 % in net profit Year to Year, Haryana Leather Chemicals Ltd.,’s profitability increased by 135.52 % in this quarter.
- EPS over the Year and quarter: EPS increased by 310.17 % Year to Year. EPS increased by 136.1 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 10.882 Cr | Rs. 10.63 Cr | Rs. 11.369 Cr | + 6.95 % | + 4.48 % |
| Expenses | Rs. 10.08 Cr | Rs. 9.55 Cr | Rs. 10.79 Cr | + 12.98 % | + 7.04 % |
| Operating Profit | Rs. 0.8 Cr | Rs. 1.08 Cr | Rs. 0.58 Cr | -46.3 % | -27.5 % |
| OPM % | 7.35 % | 10.16 % | 5.1 % | -5.06 % | -2.25 % |
| Other Income | Rs. 0.29 Cr | Rs. 0.36 Cr | Rs. 2.59 Cr | + 619.44 % | + 793.1 % |
| Interest | Rs. 0.02 Cr | Rs. 0.03 Cr | Rs. 0.01 Cr | -66.67 % | -50 % |
| Depreciation | Rs. 0.23 Cr | Rs. 0.18 Cr | Rs. 0.32 Cr | + 77.78 % | + 39.13 % |
| Profit before tax | Rs. 0.84 Cr | Rs. 1.23 Cr | Rs. 2.84 Cr | + 130.89 % | + 238.1 % |
| Tax % | 32.12 % | 17.58 % | 16.18 % | -1.4 % | -15.94 % |
| Net Profit | Rs. 0.58 Cr | Rs. 1.01 Cr | Rs. 2.37 Cr | + 134.65 % | + 308.62 % |
| EPS in Rs | Rs. 1.18 | Rs. 2.05 | Rs. 4.84 | + 136.1 % | + 310.17 % |
Today, we’re looking at Haryana Leather Chemicals Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 4.48 %. However, it did see a marginal increase of 6.95 % from the previous quarter. Expenses ticked up slightly by 12.98 % quarter-on-quarter, aligning with the annual rise of 7.04 %. Operating profit, while down -27.5 % compared to last year, faced a quarter-on-quarter dip of -46.3 %, 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 -2.25 %, but a shrinkage of -5.06 % sequentially. Other income rose by 619.44 % compared to the last quarter, despite an annual growth of 793.1 %. Interest expenses dropped significantly by -66.67 % from the previous quarter, yet the year-over-year decrease remains at a moderate -50 %. Depreciation costs climbed by 77.78 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 39.13 %. Profit before tax grew annually by 238.1 % but saw an increase from the preceding quarter by 130.89 %.
Tax expenses as a percentage of profits decreased slightly by -15.94 % compared to last year, with a more notable quarter-on-quarter decrease of -1.4 %. Net profit rose by 308.62 % year-on-year but experienced a 134.65 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 310.17 % but a quarterly rise of 136.1 %. 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. 10.882 Cr | Rs. 10.63 Cr | Rs. 11.369 Cr | + 6.95 % | + 4.48 % |
| Expenses | Rs. 10.08 Cr | Rs. 9.55 Cr | Rs. 10.79 Cr | + 12.98 % | + 7.04 % |
| Operating Profit | Rs. 0.8 Cr | Rs. 1.08 Cr | Rs. 0.58 Cr | -46.3 % | -27.5 % |
| Net Profit | Rs. 0.58 Cr | Rs. 1.01 Cr | Rs. 2.37 Cr | + 134.65 % | + 308.62 % |
| EPS in Rs | Rs. 1.18 | Rs. 2.05 | Rs. 4.84 | + 136.1 % | + 310.17 % |
In reviewing Haryana Leather Chemicals Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 4.48 % year-on-year growth, however, there was a minor increase of 6.95 % from the previous quarter. Expenses rose by 7.04 % compared to the previous year, with a 12.98 % increase quarter-on-quarter. Operating Profit dropped by -27.5 % annually, and saw a -46.3 % decrease from the last quarter.
Net Profit showed yearly increase of 308.62 %, and experienced a 134.65 % increase from the previous quarter. Earnings Per Share (EPS) rose by 310.17 % annually, however rose by 136.1 % compared to the last quarter. In essence, while Haryana Leather Chemicals 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.
