Share the post "Hikal Ltd.’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales decreased by 5.72 % in YoY and increased by 14.86 % in QoQ"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -5.72 % over the year, substantial increase in net sales/revenue by 14.86 %.
- 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 21.05 %. Marginal increase in other income during this quarter, up by 666.67%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Hikal Ltd.. Profit dropped by -5.64 % Year to Year, Hikal Ltd.’s profitability increased by 110.47 % in this quarter.
- EPS over the Year and quarter: EPS declined by -5.48 % Year to Year. EPS increased by 110.69 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 545.29 Cr | Rs. 447.57 Cr | Rs. 514.1 Cr | + 14.86 % | -5.72 % |
| Expenses | Rs. 457.28 Cr | Rs. 382.81 Cr | Rs. 419.64 Cr | + 9.62 % | -8.23 % |
| Operating Profit | Rs. 88.01 Cr | Rs. 64.76 Cr | Rs. 94.46 Cr | + 45.86 % | + 7.33 % |
| OPM % | 16.14 % | 14.47 % | 18.37 % | + 3.9 % | + 2.23 % |
| Other Income | Rs. 0.38 Cr | Rs. 0.06 Cr | Rs. 0.46 Cr | + 666.67 % | + 21.05 % |
| Interest | Rs. 12.98 Cr | Rs. 14.24 Cr | Rs. 15.26 Cr | + 7.16 % | + 17.57 % |
| Depreciation | Rs. 26.83 Cr | Rs. 28.97 Cr | Rs. 32.34 Cr | + 11.63 % | + 20.54 % |
| Profit before tax | Rs. 48.58 Cr | Rs. 21.61 Cr | Rs. 47.32 Cr | + 118.97 % | -2.59 % |
| Tax % | 25.9 % | 25.31 % | 28.21 % | + 2.9 % | + 2.31 % |
| Net Profit | Rs. 36 Cr | Rs. 16.14 Cr | Rs. 33.97 Cr | + 110.47 % | -5.64 % |
| EPS in Rs | Rs. 2.92 | Rs. 1.31 | Rs. 2.76 | + 110.69 % | -5.48 % |
Today, we’re looking at Hikal 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 -5.72 %. However, it did see a marginal increase of 14.86 % from the previous quarter. Expenses ticked up slightly by 9.62 % quarter-on-quarter, aligning with the annual decline of -8.23 %. Operating profit, while up 7.33 % compared to last year, faced a quarter-on-quarter increase of 45.86 %, 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 2.23 %, but an expansion of 3.9 % sequentially. Other income rose by 666.67 % compared to the last quarter, despite an annual growth of 21.05 %. Interest expenses surged remarkably by 7.16 % from the previous quarter, yet the year-over-year increase remains at a moderate 17.57 %. Depreciation costs climbed by 11.63 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 20.54 %. Profit before tax declined annually by -2.59 % but saw an increase from the preceding quarter by 118.97 %.
Tax expenses as a percentage of profits increased slightly by 2.31 % compared to last year, with a more notable quarter-on-quarter increase of 2.9 %. Net profit fell by -5.64 % year-on-year but experienced a 110.47 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -5.48 % but a quarterly rise of 110.69 %. In summary, Hikal 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. 545.29 Cr | Rs. 447.57 Cr | Rs. 514.1 Cr | + 14.86 % | -5.72 % |
| Expenses | Rs. 457.28 Cr | Rs. 382.81 Cr | Rs. 419.64 Cr | + 9.62 % | -8.23 % |
| Operating Profit | Rs. 88.01 Cr | Rs. 64.76 Cr | Rs. 94.46 Cr | + 45.86 % | + 7.33 % |
| Net Profit | Rs. 36 Cr | Rs. 16.14 Cr | Rs. 33.97 Cr | + 110.47 % | -5.64 % |
| EPS in Rs | Rs. 2.92 | Rs. 1.31 | Rs. 2.76 | + 110.69 % | -5.48 % |
In reviewing Hikal Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -5.72 % year-on-year, however, there was a minor increase of 14.86 % from the previous quarter. Expenses decreased by -8.23 % compared to the previous year, with a 9.62 % increase quarter-on-quarter. Operating Profit surged by 7.33 % annually, and saw a 45.86 % increase from the last quarter.
Net Profit showed yearly decrease of -5.64 %, and experienced a 110.47 % increase from the previous quarter. Earnings Per Share (EPS) fell by -5.48 % annually, however rose by 110.69 % compared to the last quarter. In essence, while Hikal Ltd. faces strong annual decline 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.
