NIFTY 50 22795.9 ▼ (0.51%)
NIFTY NEXT 50 60466.8 ▼ (0.94%)
NIFTY 100 23274.05 ▼ (0.59%)
NIFTY MIDCAP 100 50486.2 ▼ (1.32%)
NIFTY SMALLCAP 100 15636.9 ▼ (0.7%)
NIFTY SMALLCAP 250 14683.4 ▼ (0.57%)
NIFTY MIDCAP SELECT 11198.9 ▼ (1.69%)
NIFTY TOTAL MARKET 11634.25 ▼ (0.67%)
NIFTY BANK 48981.2 ▼ (0.72%)
SENSEX 75311.06 ▼ (0.56%)
BSE BANKEX 55718.18 ▼ (0.82%)

Hira Automobiles : Q4 2024 Financial Quarterly Report : YoY Sales Up 1.26 %, QoQ Up 6.62 %

July 2, 2024July 2, 2024| adminadmin| 0 Comments| 12:05 pm
Image is loading
Categories:

Share the post "Hira Automobiles : Q4 2024 Financial Quarterly Report : YoY Sales Up 1.26 %, QoQ Up 6.62 %"

  • Facebook
  • LinkedIn
  • X
  • Tumblr
  • WhatsApp
  • TelegramTelegram
  • Email

Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 1.26 % in the past year, substantial increase in net sales/revenue by 6.62 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -54.05 %, Marginal increase in other income during this quarter, up by 750%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Hira Automobiles Ltd.. Profit dropped by -132.04 % Year to Year, Hira Automobiles Ltd.’s profitability dropped by -120.57 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS declined by -131.82 % Year to Year. EPS decreased by -120.59 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Hira Automobiles Ltd.”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 71.213 Cr Rs. 67.634 Cr Rs. 72.11 Cr + 6.62 % + 1.26 %
Expenses Rs. 69.24 Cr Rs. 64.8 Cr Rs. 70.02 Cr + 8.06 % + 1.13 %
Operating Profit Rs. 1.97 Cr Rs. 2.83 Cr Rs. 2.09 Cr -26.15 % + 6.09 %
OPM % 2.77 % 4.18 % 2.9 % -1.28 % + 0.13 %
Other Income Rs. 0.37 Cr Rs. 0.02 Cr Rs. 0.17 Cr + 750 % -54.05 %
Interest Rs. 1.71 Cr Rs. 2.07 Cr Rs. 1.73 Cr -16.43 % + 1.17 %
Depreciation Rs. 0.34 Cr Rs. 0.37 Cr Rs. 0.3 Cr -18.92 % -11.76 %
Profit before tax Rs. 0.29 Cr Rs. 0.41 Cr Rs. 0.23 Cr -43.9 % -20.69 %
Tax % 38.01 % 31.55 % 126.27 % + 94.72 % + 88.26 %
Net Profit Rs. 0.18 Cr Rs. 0.28 Cr Rs. -0.06 Cr -121.43 % -133.33 %
EPS in Rs Rs. 0.66 Rs. 1.02 Rs. -0.21 -120.59 % -131.82 %


Today, we’re looking at Hira Automobiles 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 1.26 %. However, it did see a marginal increase of 6.62 % from the previous quarter. Expenses ticked up slightly by 8.06 % quarter-on-quarter, aligning with the annual rise of 1.13 %. Operating profit, while up 6.09 % compared to last year, faced a quarter-on-quarter dip of -26.15 %, 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 0.13 %, but a shrinkage of -1.28 % sequentially. Other income rose by 750 % compared to the last quarter, despite an annual decline of -54.05 %. Interest expenses dropped significantly by -16.43 % from the previous quarter, yet the year-over-year increase remains at a moderate 1.17 %. Depreciation costs fell by -18.92 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -11.76 %. Profit before tax declined annually by -20.69 % but saw a reduction from the preceding quarter by -43.9 %.
Tax expenses as a percentage of profits increased slightly by 88.26 % compared to last year, with a more notable quarter-on-quarter increase of 94.72 %. Net profit fell by -133.33 % year-on-year but witnessed a -121.43 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -131.82 % but a quarterly fall of -120.59 %. In summary, Hira Automobiles 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. 71.213 Cr Rs. 67.634 Cr Rs. 72.11 Cr + 6.62 % + 1.26 %
Expenses Rs. 69.24 Cr Rs. 64.8 Cr Rs. 70.02 Cr + 8.06 % + 1.13 %
Operating Profit Rs. 1.97 Cr Rs. 2.83 Cr Rs. 2.09 Cr -26.15 % + 6.09 %
Net Profit Rs. 0.18 Cr Rs. 0.28 Cr Rs. -0.06 Cr -121.43 % -133.33 %
EPS in Rs Rs. 0.66 Rs. 1.02 Rs. -0.21 -120.59 % -131.82 %


In reviewing Hira Automobiles Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 1.26 % year-on-year growth, however, there was a minor increase of 6.62 % from the previous quarter. Expenses rose by 1.13 % compared to the previous year, with a 8.06 % increase quarter-on-quarter. Operating Profit surged by 6.09 % annually, and saw a -26.15 % decrease from the last quarter.
Net Profit showed yearly decrease of -133.33 %, and experienced a -121.43 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -131.82 % annually, however dipped by -120.59 % compared to the last quarter. In essence, while Hira Automobiles Ltd. faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.

[my_shortcode1 values=”Hira Automobiles “]

Related Post