Highlights
- Sales over the Year and quarter: The company’s sales declined by -11.34 % over the year, decrease in net sales/revenue by -2.75 %.
- 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 48.49 %. Marginal increase in other income during this quarter, up by 109.53%.
- Profit over the Year and quarter: Challenges in sustaining profitability for HEG Ltd.. Profit dropped by -67 % Year to Year, HEG Ltd.’s profitability dropped by -24.64 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -66.99 % Year to Year. EPS decreased by -24.65 % 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. 616.88 Cr | Rs. 562.396 Cr | Rs. 546.902 Cr | -2.75 % | -11.34 % |
Expenses | Rs. 493.44 Cr | Rs. 475.76 Cr | Rs. 504.12 Cr | + 5.96 % | + 2.16 % |
Operating Profit | Rs. 123.44 Cr | Rs. 86.64 Cr | Rs. 42.78 Cr | -50.62 % | -65.34 % |
OPM % | 20.01 % | 15.41 % | 7.82 % | -7.59 % | -12.19 % |
Other Income | Rs. 42.19 Cr | Rs. 29.9 Cr | Rs. 62.65 Cr | + 109.53 % | + 48.49 % |
Interest | Rs. 7.33 Cr | Rs. 9.73 Cr | Rs. 8.63 Cr | -11.31 % | + 17.74 % |
Depreciation | Rs. 33.14 Cr | Rs. 47.39 Cr | Rs. 50.44 Cr | + 6.44 % | + 52.2 % |
Profit before tax | Rs. 125.16 Cr | Rs. 59.42 Cr | Rs. 46.36 Cr | -21.98 % | -62.96 % |
Tax % | 22.25 % | 29.87 % | 28.03 % | -1.84 % | + 5.78 % |
Net Profit | Rs. 99.72 Cr | Rs. 43.66 Cr | Rs. 32.9 Cr | -24.64 % | -67.01 % |
EPS in Rs | Rs. 25.84 | Rs. 11.32 | Rs. 8.53 | -24.65 % | -66.99 % |
Today, we’re looking at HEG Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -11.34 %. However, it did see a marginal slip of -2.75 % from the previous quarter. Expenses ticked up slightly by 5.96 % quarter-on-quarter, aligning with the annual rise of 2.16 %. Operating profit, while down -65.34 % compared to last year, faced a quarter-on-quarter dip of -50.62 %, 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 -12.19 %, but a shrinkage of -7.59 % sequentially. Other income rose by 109.53 % compared to the last quarter, despite an annual growth of 48.49 %. Interest expenses dropped significantly by -11.31 % from the previous quarter, yet the year-over-year increase remains at a moderate 17.74 %. Depreciation costs climbed by 6.44 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 52.2 %. Profit before tax declined annually by -62.96 % but saw a reduction from the preceding quarter by -21.98 %.
Tax expenses as a percentage of profits increased slightly by 5.78 % compared to last year, with a more notable quarter-on-quarter decrease of -1.84 %. Net profit fell by -67.01 % year-on-year but witnessed a -24.64 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -66.99 % but a quarterly fall of -24.65 %. In summary, HEG 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. 616.88 Cr | Rs. 562.396 Cr | Rs. 546.902 Cr | -2.75 % | -11.34 % |
Expenses | Rs. 493.44 Cr | Rs. 475.76 Cr | Rs. 504.12 Cr | + 5.96 % | + 2.16 % |
Operating Profit | Rs. 123.44 Cr | Rs. 86.64 Cr | Rs. 42.78 Cr | -50.62 % | -65.34 % |
Net Profit | Rs. 99.72 Cr | Rs. 43.66 Cr | Rs. 32.9 Cr | -24.64 % | -67.01 % |
EPS in Rs | Rs. 25.84 | Rs. 11.32 | Rs. 8.53 | -24.65 % | -66.99 % |
In reviewing HEG Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -11.34 % year-on-year, although there was a slight dip of -2.75 % from the previous quarter. Expenses rose by 2.16 % compared to the previous year, with a 5.96 % increase quarter-on-quarter. Operating Profit dropped by -65.34 % annually, and saw a -50.62 % decrease from the last quarter.
Net Profit showed yearly decrease of -67.01 %, and experienced a -24.64 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -66.99 % annually, however dipped by -24.65 % compared to the last quarter. In essence, while HEG 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.