Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 16.26 % in the past year, substantial increase in net sales/revenue by 1.01 %.
- 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 365.98 %. Marginal increase in other income during this quarter, up by 222.86%.
- Profit over the Year and quarter: Significant improvement in profitability for Heritage Foods Limited. Notable increase of 160.7 % in net profit Year to Year, Heritage Foods Limited’s profitability increased by 50.54 % in this quarter.
- EPS over the Year and quarter: EPS increased by 125.91 % Year to Year. EPS increased by 50.34 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 817.597 Cr | Rs. 941.102 Cr | Rs. 950.569 Cr | + 1.01 % | + 16.26 % |
| Expenses | Rs. 778.09 Cr | Rs. 889.14 Cr | Rs. 881.96 Cr | -0.81 % | + 13.35 % |
| Operating Profit | Rs. 39.51 Cr | Rs. 51.96 Cr | Rs. 68.61 Cr | + 32.04 % | + 73.65 % |
| OPM % | 4.83 % | 5.52 % | 7.22 % | + 1.7 % | + 2.39 % |
| Other Income | Rs. 0.97 Cr | Rs. 1.4 Cr | Rs. 4.52 Cr | + 222.86 % | + 365.98 % |
| Interest | Rs. 2.42 Cr | Rs. 1.79 Cr | Rs. 2.63 Cr | + 46.93 % | + 8.68 % |
| Depreciation | Rs. 14.62 Cr | Rs. 15.52 Cr | Rs. 15.67 Cr | + 0.97 % | + 7.18 % |
| Profit before tax | Rs. 23.44 Cr | Rs. 36.05 Cr | Rs. 54.83 Cr | + 52.09 % | + 133.92 % |
| Tax % | 30.58 % | 24.3 % | 26.14 % | + 1.84 % | -4.44 % |
| Net Profit | Rs. 15.53 Cr | Rs. 26.9 Cr | Rs. 40.5 Cr | + 50.56 % | + 160.79 % |
| EPS in Rs | Rs. 1.93 | Rs. 2.9 | Rs. 4.36 | + 50.34 % | + 125.91 % |
Today, we’re looking at Heritage Foods Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 16.26 %. However, it did see a marginal increase of 1.01 % from the previous quarter. Expenses decreased slightly by -0.81 % quarter-on-quarter, aligning with the annual rise of 13.35 %. Operating profit, while up 73.65 % compared to last year, faced a quarter-on-quarter increase of 32.04 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.39 %, but an expansion of 1.7 % sequentially. Other income rose by 222.86 % compared to the last quarter, despite an annual growth of 365.98 %. Interest expenses surged remarkably by 46.93 % from the previous quarter, yet the year-over-year increase remains at a moderate 8.68 %. Depreciation costs climbed by 0.97 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 7.18 %. Profit before tax grew annually by 133.92 % but saw an increase from the preceding quarter by 52.09 %.
Tax expenses as a percentage of profits decreased slightly by -4.44 % compared to last year, with a more notable quarter-on-quarter increase of 1.84 %. Net profit rose by 160.79 % year-on-year but experienced a 50.56 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 125.91 % but a quarterly rise of 50.34 %. In summary, Heritage Foods 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. 817.597 Cr | Rs. 941.102 Cr | Rs. 950.569 Cr | + 1.01 % | + 16.26 % |
| Expenses | Rs. 778.09 Cr | Rs. 889.14 Cr | Rs. 881.96 Cr | -0.81 % | + 13.35 % |
| Operating Profit | Rs. 39.51 Cr | Rs. 51.96 Cr | Rs. 68.61 Cr | + 32.04 % | + 73.65 % |
| Net Profit | Rs. 15.53 Cr | Rs. 26.9 Cr | Rs. 40.5 Cr | + 50.56 % | + 160.79 % |
| EPS in Rs | Rs. 1.93 | Rs. 2.9 | Rs. 4.36 | + 50.34 % | + 125.91 % |
In reviewing Heritage Foods Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 16.26 % year-on-year growth, however, there was a minor increase of 1.01 % from the previous quarter. Expenses rose by 13.35 % compared to the previous year, with a decrease of -0.81 % quarter-on-quarter. Operating Profit surged by 73.65 % annually, and saw a 32.04 % increase from the last quarter.
Net Profit showed yearly increase of 160.79 %, and experienced a 50.56 % increase from the previous quarter. Earnings Per Share (EPS) rose by 125.91 % annually, however rose by 50.34 % compared to the last quarter. In essence, while Heritage Foods 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.
