Share the post "Hemang Resources announces Q1 Report: Revenue Dropped by 98.74% 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 -98.74 % over the year, decrease in net sales/revenue by -95.53 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -99.01 %, Marginal decrease of -99.99% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Hemang Resources Limited. Profit dropped by -98.28 % Year to Year, Hemang Resources Limited’s profitability dropped by -101.63 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -98.30 % Year to Year. EPS decreased by -101.6 % 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. 24.464 Cr | Rs. 6.908 Cr | Rs. 0.309 Cr | -95.53 % | -98.74 % |
| Expenses | Rs. 36.21 Cr | Rs. 6.97 Cr | Rs. 0.51 Cr | -92.68 % | -98.59 % |
| Operating Profit | Rs. -11.75 Cr | Rs. -0.06 Cr | Rs. -0.2 Cr | -233.33 % | + 98.3 % |
| OPM % | -48.03 % | -0.87 % | -64.72 % | -63.85 % | -16.69 % |
| Other Income | Rs. 0.101 Cr | Rs. 10.245 Cr | Rs. 0.001 Cr | -99.99 % | -99.01 % |
| Interest | Rs. 0.01 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. -11.66 Cr | Rs. 10.19 Cr | Rs. -0.2 Cr | -101.96 % | + 98.28 % |
| Tax % | -0 % | 21.32 % | -0 % | -21.32 % | 0 % |
| Net Profit | Rs. -11.66 Cr | Rs. 12.35 Cr | Rs. -0.2 Cr | -101.62 % | + 98.28 % |
| EPS in Rs | Rs. -8.83 | Rs. 9.36 | Rs. -0.15 | -101.6 % | + 98.3 % |
Today, we’re looking at Hemang Resources 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 -98.74 %. However, it did see a marginal slip of -95.53 % from the previous quarter. Expenses decreased slightly by -92.68 % quarter-on-quarter, aligning with the annual decline of -98.59 %. Operating profit, while up 98.3 % compared to last year, faced a quarter-on-quarter dip of -233.33 %, 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 -16.69 %, but a shrinkage of -63.85 % sequentially. Other income fell by -99.99 % compared to the last quarter, despite an annual decline of -99.01 %. Profit before tax grew annually by 98.28 % but saw a reduction from the preceding quarter by -101.96 %.
with a more notable quarter-on-quarter decrease of -21.32 %. Net profit rose by 98.28 % year-on-year but witnessed a -101.62 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 98.3 % but a quarterly fall of -101.6 %. In summary, Hemang Resources 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. 24.464 Cr | Rs. 6.908 Cr | Rs. 0.309 Cr | -95.53 % | -98.74 % |
| Expenses | Rs. 36.21 Cr | Rs. 6.97 Cr | Rs. 0.51 Cr | -92.68 % | -98.59 % |
| Operating Profit | Rs. -11.75 Cr | Rs. -0.06 Cr | Rs. -0.2 Cr | -233.33 % | + 98.3 % |
| Net Profit | Rs. -11.66 Cr | Rs. 12.35 Cr | Rs. -0.2 Cr | -101.62 % | + 98.28 % |
| EPS in Rs | Rs. -8.83 | Rs. 9.36 | Rs. -0.15 | -101.6 % | + 98.3 % |
In reviewing Hemang Resources Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -98.74 % year-on-year, although there was a slight dip of -95.53 % from the previous quarter. Expenses decreased by -98.59 % compared to the previous year, with a decrease of -92.68 % quarter-on-quarter. Operating Profit surged by 98.3 % annually, and saw a -233.33 % decrease from the last quarter.
Net Profit showed yearly increase of 98.28 %, and experienced a -101.62 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 98.3 % annually, however dipped by -101.6 % compared to the last quarter. In essence, while Hemang Resources Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
[my_shortcode1]
