Share the post "HeidelbergCement India : Q1 2024 Financial Quarterly Report : YoY Sales Down 10.65 %, QoQ Down 10.79 %"
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 -10.65 % over the year, decrease in net sales/revenue by -10.79 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -9.34 %, Marginal decrease of -12.1% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for HeidelbergCement India Limited. Profit dropped by -23.74 % Year to Year, HeidelbergCement India Limited’s profitability dropped by -17.15 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -23.81 % Year to Year. EPS decreased by -17.37 % 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. 595.64 Cr | Rs. 596.55 Cr | Rs. 532.19 Cr | -10.79 % | -10.65 % |
| Expenses | Rs. 502.76 Cr | Rs. 507.66 Cr | Rs. 454.15 Cr | -10.54 % | -9.67 % |
| Operating Profit | Rs. 92.88 Cr | Rs. 88.89 Cr | Rs. 78.04 Cr | -12.21 % | -15.98 % |
| OPM % | 15.59 % | 14.9 % | 14.66 % | -0.24 % | -0.93 % |
| Other Income | Rs. 13.38 Cr | Rs. 13.8 Cr | Rs. 12.13 Cr | -12.1 % | -9.34 % |
| Interest | Rs. 9.14 Cr | Rs. 8.54 Cr | Rs. 8.56 Cr | + 0.23 % | -6.35 % |
| Depreciation | Rs. 27 Cr | Rs. 28.34 Cr | Rs. 28.14 Cr | -0.71 % | + 4.22 % |
| Profit before tax | Rs. 70.12 Cr | Rs. 65.81 Cr | Rs. 53.47 Cr | -18.75 % | -23.75 % |
| Tax % | 25.39 % | 26.82 % | 25.38 % | -1.44 % | -0.01 % |
| Net Profit | Rs. 52.32 Cr | Rs. 48.16 Cr | Rs. 39.9 Cr | -17.15 % | -23.74 % |
| EPS in Rs | Rs. 2.31 | Rs. 2.13 | Rs. 1.76 | -17.37 % | -23.81 % |
Today, we’re looking at HeidelbergCement India Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -10.65 %. However, it did see a marginal slip of -10.79 % from the previous quarter. Expenses decreased slightly by -10.54 % quarter-on-quarter, aligning with the annual decline of -9.67 %. Operating profit, while down -15.98 % compared to last year, faced a quarter-on-quarter dip of -12.21 %, 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 -0.93 %, but a shrinkage of -0.24 % sequentially. Other income fell by -12.1 % compared to the last quarter, despite an annual decline of -9.34 %. Interest expenses surged remarkably by 0.23 % from the previous quarter, yet the year-over-year decrease remains at a moderate -6.35 %. Depreciation costs fell by -0.71 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.22 %. Profit before tax declined annually by -23.75 % but saw a reduction from the preceding quarter by -18.75 %.
Tax expenses as a percentage of profits decreased slightly by -0.01 % compared to last year, with a more notable quarter-on-quarter decrease of -1.44 %. Net profit fell by -23.74 % year-on-year but witnessed a -17.15 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -23.81 % but a quarterly fall of -17.37 %. In summary, HeidelbergCement India 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. 595.64 Cr | Rs. 596.55 Cr | Rs. 532.19 Cr | -10.79 % | -10.65 % |
| Expenses | Rs. 502.76 Cr | Rs. 507.66 Cr | Rs. 454.15 Cr | -10.54 % | -9.67 % |
| Operating Profit | Rs. 92.88 Cr | Rs. 88.89 Cr | Rs. 78.04 Cr | -12.21 % | -15.98 % |
| Net Profit | Rs. 52.32 Cr | Rs. 48.16 Cr | Rs. 39.9 Cr | -17.15 % | -23.74 % |
| EPS in Rs | Rs. 2.31 | Rs. 2.13 | Rs. 1.76 | -17.37 % | -23.81 % |
In reviewing HeidelbergCement India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -10.65 % year-on-year, although there was a slight dip of -10.79 % from the previous quarter. Expenses decreased by -9.67 % compared to the previous year, with a decrease of -10.54 % quarter-on-quarter. Operating Profit dropped by -15.98 % annually, and saw a -12.21 % decrease from the last quarter.
Net Profit showed yearly decrease of -23.74 %, and experienced a -17.15 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -23.81 % annually, however dipped by -17.37 % compared to the last quarter. In essence, while HeidelbergCement India Limited 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.
