Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 35.64 % in the past year, substantial increase in net sales/revenue by 10.78 %.
- 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 116.38 %. Marginal increase in other income during this quarter, up by 375%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Hind Rectifiers Ltd.,. Profit dropped by -308.43 % Year to Year, Hind Rectifiers Ltd.,’s profitability increased by 236.87 % in this quarter.
- EPS over the Year and quarter: EPS declined by -302.03 % Year to Year. EPS increased by 235.96 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 111.587 Cr | Rs. 136.629 Cr | Rs. 151.358 Cr | + 10.78 % | + 35.64 % |
| Expenses | Rs. 100.57 Cr | Rs. 123.15 Cr | Rs. 137.85 Cr | + 11.94 % | + 37.07 % |
| Operating Profit | Rs. 11.02 Cr | Rs. 13.48 Cr | Rs. 13.51 Cr | + 0.22 % | + 22.6 % |
| OPM % | 9.88 % | 9.87 % | 8.93 % | -0.94 % | -0.95 % |
| Other Income | Rs. -2.32 Cr | Rs. 0.08 Cr | Rs. 0.38 Cr | + 375 % | + 116.38 % |
| Interest | Rs. 2.27 Cr | Rs. 3.23 Cr | Rs. 4.14 Cr | + 28.17 % | + 82.38 % |
| Depreciation | Rs. 1.37 Cr | Rs. 2.02 Cr | Rs. 2 Cr | -0.99 % | + 45.99 % |
| Profit before tax | Rs. 5.06 Cr | Rs. 8.31 Cr | Rs. 7.75 Cr | -6.74 % | + 53.16 % |
| Tax % | -24.42 % | 14.57 % | 33.9 % | + 19.33 % | + 58.32 % |
| Net Profit | Rs. -2.46 Cr | Rs. 1.52 Cr | Rs. 5.12 Cr | + 236.84 % | + 308.13 % |
| EPS in Rs | Rs. -1.48 | Rs. 0.88 | Rs. 2.98 | + 238.64 % | + 301.35 % |
Today, we’re looking at Hind Rectifiers 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 35.64 %. However, it did see a marginal increase of 10.78 % from the previous quarter. Expenses ticked up slightly by 11.94 % quarter-on-quarter, aligning with the annual rise of 37.07 %. Operating profit, while up 22.6 % compared to last year, faced a quarter-on-quarter increase of 0.22 %, 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 -0.95 %, but a shrinkage of -0.94 % sequentially. Other income rose by 375 % compared to the last quarter, despite an annual growth of 116.38 %. Interest expenses surged remarkably by 28.17 % from the previous quarter, yet the year-over-year increase remains at a moderate 82.38 %. Depreciation costs fell by -0.99 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 45.99 %. Profit before tax grew annually by 53.16 % but saw a reduction from the preceding quarter by -6.74 %.
Tax expenses as a percentage of profits increased slightly by 58.32 % compared to last year, with a more notable quarter-on-quarter increase of 19.33 %. Net profit rose by 308.13 % year-on-year but experienced a 236.84 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 301.35 % but a quarterly rise of 238.64 %. In summary, Hind Rectifiers 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. 111.587 Cr | Rs. 136.629 Cr | Rs. 151.358 Cr | + 10.78 % | + 35.64 % |
| Expenses | Rs. 100.57 Cr | Rs. 123.15 Cr | Rs. 137.85 Cr | + 11.94 % | + 37.07 % |
| Operating Profit | Rs. 11.02 Cr | Rs. 13.48 Cr | Rs. 13.51 Cr | + 0.22 % | + 22.6 % |
| Net Profit | Rs. -2.46 Cr | Rs. 1.52 Cr | Rs. 5.12 Cr | + 236.84 % | + 308.13 % |
| EPS in Rs | Rs. -1.48 | Rs. 0.88 | Rs. 2.98 | + 238.64 % | + 301.35 % |
In reviewing Hind Rectifiers Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 35.64 % year-on-year growth, however, there was a minor increase of 10.78 % from the previous quarter. Expenses rose by 37.07 % compared to the previous year, with a 11.94 % increase quarter-on-quarter. Operating Profit surged by 22.6 % annually, and saw a 0.22 % increase from the last quarter.
Net Profit showed yearly increase of 308.13 %, and experienced a 236.84 % increase from the previous quarter. Earnings Per Share (EPS) rose by 301.35 % annually, however rose by 238.64 % compared to the last quarter. In essence, while Hind Rectifiers Ltd., 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.
