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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 1.05 % in the past year, decrease in net sales/revenue by -3.66 %.
- 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 166.37 %. Marginal increase in other income during this quarter, up by 231.84%.
- Profit over the Year and quarter: Significant improvement in profitability for Himatsingka Seide Ltd.,. Notable increase of 6.22 % in net profit Year to Year, Himatsingka Seide Ltd.,’s profitability dropped by -23.81 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 6.17 % Year to Year. EPS decreased by -23.97 % 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. 689.65 Cr | Rs. 723.31 Cr | Rs. 696.865 Cr | -3.66 % | + 1.05 % |
| Expenses | Rs. 567.58 Cr | Rs. 566.71 Cr | Rs. 552.25 Cr | -2.55 % | -2.7 % |
| Operating Profit | Rs. 122.07 Cr | Rs. 156.6 Cr | Rs. 144.62 Cr | -7.65 % | + 18.47 % |
| OPM % | 17.7 % | 21.65 % | 20.75 % | -0.9 % | + 3.05 % |
| Other Income | Rs. 2.23 Cr | Rs. 1.79 Cr | Rs. 5.94 Cr | + 231.84 % | + 166.37 % |
| Interest | Rs. 48.43 Cr | Rs. 74.85 Cr | Rs. 82.85 Cr | + 10.69 % | + 71.07 % |
| Depreciation | Rs. 40 Cr | Rs. 38.26 Cr | Rs. 37.64 Cr | -1.62 % | -5.9 % |
| Profit before tax | Rs. 35.87 Cr | Rs. 45.28 Cr | Rs. 30.07 Cr | -33.59 % | -16.17 % |
| Tax % | 37.69 % | 31.18 % | 21.02 % | -10.16 % | -16.67 % |
| Net Profit | Rs. 22.35 Cr | Rs. 31.16 Cr | Rs. 23.74 Cr | -23.81 % | + 6.22 % |
| EPS in Rs | Rs. 2.27 | Rs. 3.11 | Rs. 2.34 | -24.76 % | + 3.08 % |
Today, we’re looking at Himatsingka Seide Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 1.05 %. However, it did see a marginal slip of -3.66 % from the previous quarter. Expenses decreased slightly by -2.55 % quarter-on-quarter, aligning with the annual decline of -2.7 %. Operating profit, while up 18.47 % compared to last year, faced a quarter-on-quarter dip of -7.65 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 3.05 %, but a shrinkage of -0.9 % sequentially. Other income rose by 231.84 % compared to the last quarter, despite an annual growth of 166.37 %. Interest expenses surged remarkably by 10.69 % from the previous quarter, yet the year-over-year increase remains at a moderate 71.07 %. Depreciation costs fell by -1.62 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -5.9 %. Profit before tax declined annually by -16.17 % but saw a reduction from the preceding quarter by -33.59 %.
Tax expenses as a percentage of profits decreased slightly by -16.67 % compared to last year, with a more notable quarter-on-quarter decrease of -10.16 %. Net profit rose by 6.22 % year-on-year but witnessed a -23.81 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 3.08 % but a quarterly fall of -24.76 %. In summary, Himatsingka Seide 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. 689.65 Cr | Rs. 723.31 Cr | Rs. 696.865 Cr | -3.66 % | + 1.05 % |
| Expenses | Rs. 567.58 Cr | Rs. 566.71 Cr | Rs. 552.25 Cr | -2.55 % | -2.7 % |
| Operating Profit | Rs. 122.07 Cr | Rs. 156.6 Cr | Rs. 144.62 Cr | -7.65 % | + 18.47 % |
| Net Profit | Rs. 22.35 Cr | Rs. 31.16 Cr | Rs. 23.74 Cr | -23.81 % | + 6.22 % |
| EPS in Rs | Rs. 2.27 | Rs. 3.11 | Rs. 2.34 | -24.76 % | + 3.08 % |
In reviewing Himatsingka Seide Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 1.05 % year-on-year growth, although there was a slight dip of -3.66 % from the previous quarter. Expenses decreased by -2.7 % compared to the previous year, with a decrease of -2.55 % quarter-on-quarter. Operating Profit surged by 18.47 % annually, and saw a -7.65 % decrease from the last quarter.
Net Profit showed yearly increase of 6.22 %, and experienced a -23.81 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 3.08 % annually, however dipped by -24.76 % compared to the last quarter. In essence, while Himatsingka Seide Ltd., 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.
