Share the post "HIND ALUMINIUM INDUSTRIES ‘s Q1 Update: Revenue Decreases by 34.21% Year-on-Year"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -34.21 % over the year, decrease in net sales/revenue by -24.24 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -82.43 %, Marginal decrease of -86.98% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for HIND ALUMINIUM INDUSTRIES LTD.. Profit dropped by -57.14 % Year to Year, HIND ALUMINIUM INDUSTRIES LTD.’s profitability increased by 523.68 % in this quarter.
- EPS over the Year and quarter: EPS declined by -56.83 % Year to Year. EPS increased by 531.67 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.38 Cr | Rs. 0.33 Cr | Rs. 0.25 Cr | -24.24 % | -34.21 % |
| Expenses | Rs. 0.82 Cr | Rs. 6.85 Cr | Rs. 0.75 Cr | -89.05 % | -8.54 % |
| Operating Profit | Rs. -0.44 Cr | Rs. -6.52 Cr | Rs. -0.5 Cr | + 92.33 % | -13.64 % |
| OPM % | -115.79 % | -1975.76 % | -200 % | + 1775.76 % | -84.21 % |
| Other Income | Rs. 4.61 Cr | Rs. 6.22 Cr | Rs. 0.81 Cr | -86.98 % | -82.43 % |
| Interest | Rs. 0.01 Cr | Rs. 0.19 Cr | Rs. 0.06 Cr | -68.42 % | + 500 % |
| Depreciation | Rs. 0.3 Cr | Rs. 0.09 Cr | Rs. 0.08 Cr | -11.11 % | -73.33 % |
| Profit before tax | Rs. 3.86 Cr | Rs. -0.58 Cr | Rs. 0.17 Cr | + 129.31 % | -95.6 % |
| Tax % | 34.97 % | -89.66 % | 70.59 % | + 160.25 % | + 35.62 % |
| Net Profit | Rs. 5.53 Cr | Rs. 0.38 Cr | Rs. 2.37 Cr | + 523.68 % | -57.14 % |
| EPS in Rs | Rs. 8.78 | Rs. 0.6 | Rs. 3.79 | + 531.67 % | -56.83 % |
Today, we’re looking at HIND ALUMINIUM INDUSTRIES LTD.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -34.21 %. However, it did see a marginal slip of -24.24 % from the previous quarter. Expenses decreased slightly by -89.05 % quarter-on-quarter, aligning with the annual decline of -8.54 %. Operating profit, while down -13.64 % compared to last year, faced a quarter-on-quarter increase of 92.33 %, 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 -84.21 %, but an expansion of 1775.76 % sequentially. Other income fell by -86.98 % compared to the last quarter, despite an annual decline of -82.43 %. Interest expenses dropped significantly by -68.42 % from the previous quarter, yet the year-over-year increase remains at a moderate 500 %. Depreciation costs fell by -11.11 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -73.33 %. Profit before tax declined annually by -95.6 % but saw an increase from the preceding quarter by 129.31 %.
Tax expenses as a percentage of profits increased slightly by 35.62 % compared to last year, with a more notable quarter-on-quarter increase of 160.25 %. Net profit fell by -57.14 % year-on-year but experienced a 523.68 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -56.83 % but a quarterly rise of 531.67 %. In summary, HIND ALUMINIUM INDUSTRIES 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. 0.38 Cr | Rs. 0.33 Cr | Rs. 0.25 Cr | -24.24 % | -34.21 % |
| Expenses | Rs. 0.82 Cr | Rs. 6.85 Cr | Rs. 0.75 Cr | -89.05 % | -8.54 % |
| Operating Profit | Rs. -0.44 Cr | Rs. -6.52 Cr | Rs. -0.5 Cr | + 92.33 % | -13.64 % |
| Net Profit | Rs. 5.53 Cr | Rs. 0.38 Cr | Rs. 2.37 Cr | + 523.68 % | -57.14 % |
| EPS in Rs | Rs. 8.78 | Rs. 0.6 | Rs. 3.79 | + 531.67 % | -56.83 % |
In reviewing HIND ALUMINIUM INDUSTRIES LTD.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -34.21 % year-on-year, although there was a slight dip of -24.24 % from the previous quarter. Expenses decreased by -8.54 % compared to the previous year, with a decrease of -89.05 % quarter-on-quarter. Operating Profit dropped by -13.64 % annually, and saw a 92.33 % increase from the last quarter.
Net Profit showed yearly decrease of -57.14 %, and experienced a 523.68 % increase from the previous quarter. Earnings Per Share (EPS) fell by -56.83 % annually, however rose by 531.67 % compared to the last quarter. In essence, while HIND ALUMINIUM INDUSTRIES 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.
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