Share the post "Hittco Tools ‘s Q1 Results: Profit Drops by 950% YoY"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -17.58 % over the year, decrease in net sales/revenue by -11 %.
- 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 233.33 %. Marginal decrease of -41.18% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Hittco Tools Ltd.. Profit dropped by -969.23 % Year to Year, Hittco Tools Ltd.’s profitability dropped by -288.33 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -1,033.33 % Year to Year. EPS decreased by -269.7 % 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. 1.57 Cr | Rs. 1.454 Cr | Rs. 1.294 Cr | -11 % | -17.58 % |
| Expenses | Rs. 1.36 Cr | Rs. 1.05 Cr | Rs. 1.43 Cr | + 36.19 % | + 5.15 % |
| Operating Profit | Rs. 0.21 Cr | Rs. 0.4 Cr | Rs. -0.14 Cr | -135 % | -166.67 % |
| OPM % | 13.38 % | 27.51 % | -10.82 % | -38.33 % | -24.2 % |
| Other Income | Rs. 0.003 Cr | Rs. 0.017 Cr | Rs. 0.01 Cr | -41.18 % | + 233.33 % |
| Interest | Rs. 0.02 Cr | Rs. 0.09 Cr | Rs. 0.09 Cr | + 0 % | + 350 % |
| Depreciation | Rs. 0.15 Cr | Rs. 0.17 Cr | Rs. 0.12 Cr | -29.41 % | -20 % |
| Profit before tax | Rs. 0.04 Cr | Rs. 0.16 Cr | Rs. -0.34 Cr | -312.5 % | -950 % |
| Tax % | 0 % | 8.48 % | -0 % | -8.48 % | 0 % |
| Net Profit | Rs. 0.04 Cr | Rs. 0.18 Cr | Rs. -0.34 Cr | -288.89 % | -950 % |
| EPS in Rs | Rs. 0.06 | Rs. 0.33 | Rs. -0.56 | -269.7 % | -1033.33 % |
Today, we’re looking at Hittco Tools 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 -17.58 %. However, it did see a marginal slip of -11 % from the previous quarter. Expenses ticked up slightly by 36.19 % quarter-on-quarter, aligning with the annual rise of 5.15 %. Operating profit, while down -166.67 % compared to last year, faced a quarter-on-quarter dip of -135 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -24.2 %, but a shrinkage of -38.33 % sequentially. Other income fell by -41.18 % compared to the last quarter, despite an annual growth of 233.33 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 350 %. Depreciation costs fell by -29.41 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -20 %. Profit before tax declined annually by -950 % but saw a reduction from the preceding quarter by -312.5 %.
with a more notable quarter-on-quarter decrease of -8.48 %. Net profit fell by -950 % year-on-year but witnessed a -288.89 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -1033.33 % but a quarterly fall of -269.7 %. In summary, Hittco Tools 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. 1.57 Cr | Rs. 1.454 Cr | Rs. 1.294 Cr | -11 % | -17.58 % |
| Expenses | Rs. 1.36 Cr | Rs. 1.05 Cr | Rs. 1.43 Cr | + 36.19 % | + 5.15 % |
| Operating Profit | Rs. 0.21 Cr | Rs. 0.4 Cr | Rs. -0.14 Cr | -135 % | -166.67 % |
| Net Profit | Rs. 0.04 Cr | Rs. 0.18 Cr | Rs. -0.34 Cr | -288.89 % | -950 % |
| EPS in Rs | Rs. 0.06 | Rs. 0.33 | Rs. -0.56 | -269.7 % | -1033.33 % |
In reviewing Hittco Tools Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -17.58 % year-on-year, although there was a slight dip of -11 % from the previous quarter. Expenses rose by 5.15 % compared to the previous year, with a 36.19 % increase quarter-on-quarter. Operating Profit dropped by -166.67 % annually, and saw a -135 % decrease from the last quarter.
Net Profit showed yearly decrease of -950 %, and experienced a -288.89 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -1033.33 % annually, however dipped by -269.7 % compared to the last quarter. In essence, while Hittco Tools 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.
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