Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 2.56 % in the past year, substantial increase in net sales/revenue by 8.39 %.
- 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 44.83 %. Marginal increase in other income during this quarter, up by 33.33%.
- Profit over the Year and quarter: Significant improvement in profitability for HP Adhesives Limited. Notable increase of 44.81 % in net profit Year to Year, HP Adhesives Limited’s profitability increased by 7.72 % in this quarter.
- EPS over the Year and quarter: EPS declined by -71.09 % Year to Year. EPS increased by 7.02 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 57.864 Cr | Rs. 54.75 Cr | Rs. 59.346 Cr | + 8.39 % | + 2.56 % |
| Expenses | Rs. 50.84 Cr | Rs. 46.98 Cr | Rs. 50.49 Cr | + 7.47 % | -0.69 % |
| Operating Profit | Rs. 7.02 Cr | Rs. 7.77 Cr | Rs. 8.86 Cr | + 14.03 % | + 26.21 % |
| OPM % | 12.13 % | 14.19 % | 14.93 % | + 0.74 % | + 2.8 % |
| Other Income | Rs. 0.58 Cr | Rs. 0.63 Cr | Rs. 0.84 Cr | + 33.33 % | + 44.83 % |
| Interest | Rs. 0.43 Cr | Rs. 0.18 Cr | Rs. 0.56 Cr | + 211.11 % | + 30.23 % |
| Depreciation | Rs. 0.88 Cr | Rs. 1.11 Cr | Rs. 1.08 Cr | -2.7 % | + 22.73 % |
| Profit before tax | Rs. 6.29 Cr | Rs. 7.11 Cr | Rs. 8.06 Cr | + 13.36 % | + 28.14 % |
| Tax % | 38.27 % | 26.78 % | 30.42 % | + 3.64 % | -7.85 % |
| Net Profit | Rs. 3.87 Cr | Rs. 5.21 Cr | Rs. 5.61 Cr | + 7.68 % | + 44.96 % |
| EPS in Rs | Rs. 2.11 | Rs. 0.57 | Rs. 0.61 | + 7.02 % | -71.09 % |
Today, we’re looking at HP Adhesives 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 2.56 %. However, it did see a marginal increase of 8.39 % from the previous quarter. Expenses ticked up slightly by 7.47 % quarter-on-quarter, aligning with the annual decline of -0.69 %. Operating profit, while up 26.21 % compared to last year, faced a quarter-on-quarter increase of 14.03 %, 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 2.8 %, but an expansion of 0.74 % sequentially. Other income rose by 33.33 % compared to the last quarter, despite an annual growth of 44.83 %. Interest expenses surged remarkably by 211.11 % from the previous quarter, yet the year-over-year increase remains at a moderate 30.23 %. Depreciation costs fell by -2.7 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 22.73 %. Profit before tax grew annually by 28.14 % but saw an increase from the preceding quarter by 13.36 %.
Tax expenses as a percentage of profits decreased slightly by -7.85 % compared to last year, with a more notable quarter-on-quarter increase of 3.64 %. Net profit rose by 44.96 % year-on-year but experienced a 7.68 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -71.09 % but a quarterly rise of 7.02 %. In summary, HP Adhesives 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. 57.864 Cr | Rs. 54.75 Cr | Rs. 59.346 Cr | + 8.39 % | + 2.56 % |
| Expenses | Rs. 50.84 Cr | Rs. 46.98 Cr | Rs. 50.49 Cr | + 7.47 % | -0.69 % |
| Operating Profit | Rs. 7.02 Cr | Rs. 7.77 Cr | Rs. 8.86 Cr | + 14.03 % | + 26.21 % |
| Net Profit | Rs. 3.87 Cr | Rs. 5.21 Cr | Rs. 5.61 Cr | + 7.68 % | + 44.96 % |
| EPS in Rs | Rs. 2.11 | Rs. 0.57 | Rs. 0.61 | + 7.02 % | -71.09 % |
In reviewing HP Adhesives Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 2.56 % year-on-year growth, however, there was a minor increase of 8.39 % from the previous quarter. Expenses decreased by -0.69 % compared to the previous year, with a 7.47 % increase quarter-on-quarter. Operating Profit surged by 26.21 % annually, and saw a 14.03 % increase from the last quarter.
Net Profit showed yearly increase of 44.96 %, and experienced a 7.68 % increase from the previous quarter. Earnings Per Share (EPS) fell by -71.09 % annually, however rose by 7.02 % compared to the last quarter. In essence, while HP Adhesives Limited 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.
