Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 2.87 % in the past year, substantial increase in net sales/revenue by 28.25 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -32.99 %, Marginal decrease of -51.12% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for HLE GLASCOAT LIMITED. Profit dropped by -35.04 % Year to Year, HLE GLASCOAT LIMITED’s profitability increased by 147.77 % in this quarter.
- EPS over the Year and quarter: EPS declined by -35.33 % Year to Year. EPS decreased by -4420 % 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. 298.342 Cr | Rs. 239.297 Cr | Rs. 306.898 Cr | + 28.25 % | + 2.87 % |
| Expenses | Rs. 253.98 Cr | Rs. 214.62 Cr | Rs. 270.41 Cr | + 25.99 % | + 6.47 % |
| Operating Profit | Rs. 44.36 Cr | Rs. 24.68 Cr | Rs. 36.49 Cr | + 47.85 % | -17.74 % |
| OPM % | 14.87 % | 10.31 % | 11.89 % | + 1.58 % | -2.98 % |
| Other Income | Rs. 2.94 Cr | Rs. 4.03 Cr | Rs. 1.97 Cr | -51.12 % | -32.99 % |
| Interest | Rs. 8.95 Cr | Rs. 9.7 Cr | Rs. 10.34 Cr | + 6.6 % | + 15.53 % |
| Depreciation | Rs. 5.79 Cr | Rs. 7.33 Cr | Rs. 6.95 Cr | -5.18 % | + 20.03 % |
| Profit before tax | Rs. 32.56 Cr | Rs. 11.68 Cr | Rs. 21.17 Cr | + 81.25 % | -34.98 % |
| Tax % | 30.01 % | 27.5 % | 30.07 % | + 2.57 % | + 0.06 % |
| Net Profit | Rs. 22.79 Cr | Rs. 5.97 Cr | Rs. 14.8 Cr | + 147.91 % | -35.06 % |
| EPS in Rs | Rs. 3.34 | Rs. -0.05 | Rs. 2.16 | + 4420 % | -35.33 % |
Today, we’re looking at HLE GLASCOAT 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 2.87 %. However, it did see a marginal increase of 28.25 % from the previous quarter. Expenses ticked up slightly by 25.99 % quarter-on-quarter, aligning with the annual rise of 6.47 %. Operating profit, while down -17.74 % compared to last year, faced a quarter-on-quarter increase of 47.85 %, 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 -2.98 %, but an expansion of 1.58 % sequentially. Other income fell by -51.12 % compared to the last quarter, despite an annual decline of -32.99 %. Interest expenses surged remarkably by 6.6 % from the previous quarter, yet the year-over-year increase remains at a moderate 15.53 %. Depreciation costs fell by -5.18 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 20.03 %. Profit before tax declined annually by -34.98 % but saw an increase from the preceding quarter by 81.25 %.
Tax expenses as a percentage of profits increased slightly by 0.06 % compared to last year, with a more notable quarter-on-quarter increase of 2.57 %. Net profit fell by -35.06 % year-on-year but experienced a 147.91 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -35.33 % but a quarterly rise of 4420 %. In summary, HLE GLASCOAT 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. 298.342 Cr | Rs. 239.297 Cr | Rs. 306.898 Cr | + 28.25 % | + 2.87 % |
| Expenses | Rs. 253.98 Cr | Rs. 214.62 Cr | Rs. 270.41 Cr | + 25.99 % | + 6.47 % |
| Operating Profit | Rs. 44.36 Cr | Rs. 24.68 Cr | Rs. 36.49 Cr | + 47.85 % | -17.74 % |
| Net Profit | Rs. 22.79 Cr | Rs. 5.97 Cr | Rs. 14.8 Cr | + 147.91 % | -35.06 % |
| EPS in Rs | Rs. 3.34 | Rs. -0.05 | Rs. 2.16 | + 4420 % | -35.33 % |
In reviewing HLE GLASCOAT LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 2.87 % year-on-year growth, however, there was a minor increase of 28.25 % from the previous quarter. Expenses rose by 6.47 % compared to the previous year, with a 25.99 % increase quarter-on-quarter. Operating Profit dropped by -17.74 % annually, and saw a 47.85 % increase from the last quarter.
Net Profit showed yearly decrease of -35.06 %, and experienced a 147.91 % increase from the previous quarter. Earnings Per Share (EPS) fell by -35.33 % annually, however rose by 4420 % compared to the last quarter. In essence, while HLE GLASCOAT 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.
