Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 7.89 % in the past year, substantial increase in net sales/revenue by 7.21 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -44.44 %, Marginal decrease of -25.37% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Hitech Corporation Limited. Profit dropped by -24.75 % Year to Year, Hitech Corporation Limited’s profitability increased by 162.45 % in this quarter.
- EPS over the Year and quarter: EPS declined by -24.71 % Year to Year. EPS increased by 163.27 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 128.494 Cr | Rs. 129.301 Cr | Rs. 138.629 Cr | + 7.21 % | + 7.89 % |
| Expenses | Rs. 111.98 Cr | Rs. 115.46 Cr | Rs. 118.16 Cr | + 2.34 % | + 5.52 % |
| Operating Profit | Rs. 16.51 Cr | Rs. 13.84 Cr | Rs. 20.47 Cr | + 47.9 % | + 23.99 % |
| OPM % | 12.85 % | 10.7 % | 14.77 % | + 4.07 % | + 1.92 % |
| Other Income | Rs. 0.9 Cr | Rs. 0.67 Cr | Rs. 0.5 Cr | -25.37 % | -44.44 % |
| Interest | Rs. 3.08 Cr | Rs. 3.49 Cr | Rs. 3.6 Cr | + 3.15 % | + 16.88 % |
| Depreciation | Rs. 6.96 Cr | Rs. 7.52 Cr | Rs. 8.04 Cr | + 6.91 % | + 15.52 % |
| Profit before tax | Rs. 7.37 Cr | Rs. 3.5 Cr | Rs. 9.33 Cr | + 166.57 % | + 26.59 % |
| Tax % | 21.07 % | 27.89 % | 28.79 % | + 0.9 % | + 7.72 % |
| Net Profit | Rs. 8.82 Cr | Rs. 2.53 Cr | Rs. 6.64 Cr | + 162.45 % | -24.72 % |
| EPS in Rs | Rs. 5.14 | Rs. 1.47 | Rs. 3.87 | + 163.27 % | -24.71 % |
Today, we’re looking at Hitech Corporation Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 7.89 %. However, it did see a marginal increase of 7.21 % from the previous quarter. Expenses ticked up slightly by 2.34 % quarter-on-quarter, aligning with the annual rise of 5.52 %. Operating profit, while up 23.99 % compared to last year, faced a quarter-on-quarter increase of 47.9 %, 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 1.92 %, but an expansion of 4.07 % sequentially. Other income fell by -25.37 % compared to the last quarter, despite an annual decline of -44.44 %. Interest expenses surged remarkably by 3.15 % from the previous quarter, yet the year-over-year increase remains at a moderate 16.88 %. Depreciation costs climbed by 6.91 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 15.52 %. Profit before tax grew annually by 26.59 % but saw an increase from the preceding quarter by 166.57 %.
Tax expenses as a percentage of profits increased slightly by 7.72 % compared to last year, with a more notable quarter-on-quarter increase of 0.9 %. Net profit fell by -24.72 % year-on-year but experienced a 162.45 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -24.71 % but a quarterly rise of 163.27 %. In summary, Hitech Corporation Limited’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. 128.494 Cr | Rs. 129.301 Cr | Rs. 138.629 Cr | + 7.21 % | + 7.89 % |
| Expenses | Rs. 111.98 Cr | Rs. 115.46 Cr | Rs. 118.16 Cr | + 2.34 % | + 5.52 % |
| Operating Profit | Rs. 16.51 Cr | Rs. 13.84 Cr | Rs. 20.47 Cr | + 47.9 % | + 23.99 % |
| Net Profit | Rs. 8.82 Cr | Rs. 2.53 Cr | Rs. 6.64 Cr | + 162.45 % | -24.72 % |
| EPS in Rs | Rs. 5.14 | Rs. 1.47 | Rs. 3.87 | + 163.27 % | -24.71 % |
In reviewing Hitech Corporation Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7.89 % year-on-year growth, however, there was a minor increase of 7.21 % from the previous quarter. Expenses rose by 5.52 % compared to the previous year, with a 2.34 % increase quarter-on-quarter. Operating Profit surged by 23.99 % annually, and saw a 47.9 % increase from the last quarter.
Net Profit showed yearly decrease of -24.72 %, and experienced a 162.45 % increase from the previous quarter. Earnings Per Share (EPS) fell by -24.71 % annually, however rose by 163.27 % compared to the last quarter. In essence, while Hitech Corporation Limited 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.
