Share the post "Hemang Resources : Q4 2024 Financial Quarterly Report : YoY Sales Down 81.85 %, QoQ Up 1713.12 %"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -81.85 % over the year, substantial increase in net sales/revenue by 1713.12 %.
- 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 894.17 %. Marginal decrease of % in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Hemang Resources Limited. Profit dropped by -942.13 % Year to Year, Hemang Resources Limited’s profitability dropped by -1277.69 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -943.24 % Year to Year. EPS decreased by -1284.81 % 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. 38.065 Cr | Rs. 0.381 Cr | Rs. 6.908 Cr | + 1713.12 % | -81.85 % |
| Expenses | Rs. 36.86 Cr | Rs. 1.43 Cr | Rs. 6.97 Cr | + 387.41 % | -81.09 % |
| Operating Profit | Rs. 1.21 Cr | Rs. -1.05 Cr | Rs. -0.06 Cr | + 94.29 % | -104.96 % |
| OPM % | 3.18 % | -275.59 % | -0.87 % | + 274.72 % | -4.05 % |
| Other Income | Rs. 1.03 Cr | Rs. 0 Cr | Rs. 10.24 Cr | 0 % | + 894.17 % |
| Interest | Rs. 0.11 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. 2.13 Cr | Rs. -1.05 Cr | Rs. 10.18 Cr | + 1069.52 % | + 377.93 % |
| Tax % | 169.23 % | -0 % | 21.32 % | + 21.32 % | -147.91 % |
| Net Profit | Rs. -1.47 Cr | Rs. -1.05 Cr | Rs. 12.35 Cr | + 1276.19 % | + 940.14 % |
| EPS in Rs | Rs. -1.11 | Rs. -0.79 | Rs. 9.36 | + 1284.81 % | + 943.24 % |
Today, we’re looking at Hemang Resources Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -81.85 %. However, it did see a marginal increase of 1713.12 % from the previous quarter. Expenses ticked up slightly by 387.41 % quarter-on-quarter, aligning with the annual decline of -81.09 %. Operating profit, while down -104.96 % compared to last year, faced a quarter-on-quarter increase of 94.29 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -4.05 %, but an expansion of 274.72 % sequentially. despite an annual growth of 894.17 %. Profit before tax grew annually by 377.93 % but saw an increase from the preceding quarter by 1069.52 %.
Tax expenses as a percentage of profits decreased slightly by -147.91 % compared to last year, with a more notable quarter-on-quarter increase of 21.32 %. Net profit rose by 940.14 % year-on-year but experienced a 1276.19 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 943.24 % but a quarterly rise of 1284.81 %. 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. 38.065 Cr | Rs. 0.381 Cr | Rs. 6.908 Cr | + 1713.12 % | -81.85 % |
| Expenses | Rs. 36.86 Cr | Rs. 1.43 Cr | Rs. 6.97 Cr | + 387.41 % | -81.09 % |
| Operating Profit | Rs. 1.21 Cr | Rs. -1.05 Cr | Rs. -0.06 Cr | + 94.29 % | -104.96 % |
| Net Profit | Rs. -1.47 Cr | Rs. -1.05 Cr | Rs. 12.35 Cr | + 1276.19 % | + 940.14 % |
| EPS in Rs | Rs. -1.11 | Rs. -0.79 | Rs. 9.36 | + 1284.81 % | + 943.24 % |
In reviewing Hemang Resources Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -81.85 % year-on-year, however, there was a minor increase of 1713.12 % from the previous quarter. Expenses decreased by -81.09 % compared to the previous year, with a 387.41 % increase quarter-on-quarter. Operating Profit dropped by -104.96 % annually, and saw a 94.29 % increase from the last quarter.
Net Profit showed yearly increase of 940.14 %, and experienced a 1276.19 % increase from the previous quarter. Earnings Per Share (EPS) rose by 943.24 % annually, however rose by 1284.81 % compared to the last quarter. In essence, while Hemang Resources Limited 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.
