Hindustan Adhesives Q1 Results Live : profit falls by 49.65% YOY
Hindustan Adhesives Q1 Results Live : Revenue decreased by 21.01% YoY & profit decreased by 49.65% YoY
Hindustan Adhesives Q1 Results Live : Hindustan Adhesives Q1 Results Live: Hindustan Adhesives declared their Q1 results on 14 Aug, 2024. The topline decreased by 21.01% and the profit decreased by 49.65% year-over-year. Compared to the previous quarter, the revenue declined by 10.54% and the profit decreased by 43.35%.
The Selling, General & Administrative (SG&A) expenses rose by 6.91% quarter-over-quarter and increased by 5.49% year-over-year. This rise in expenses has further impacted the company's profitability.
The operating income for the quarter was down by 43.6% quarter-over-quarter and decreased by 45.09% year-over-year. This significant drop underscores the challenges faced by the company in maintaining its operational efficiency.
The Earnings Per Share (EPS) for Q1 stands at ₹4.16, marking a decrease of 49.64% year-over-year. This decline in EPS reflects the overall reduction in profitability.
In terms of stock performance, Hindustan Adhesives has delivered a -11.69% return in the last week, a 0.97% return in the last six months, and a 14.16% year-to-date return. Despite the recent downturn, the company has shown resilience over a longer period.
Currently, Hindustan Adhesives has a market capitalization of ₹191.69 Cr. The 52-week high for the stock is ₹538.8, while the 52-week low is ₹243.9. This range indicates the volatility and potential for growth in the company's stock.
Hindustan Adhesives Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 64.06 | 71.61 | -10.54% | 81.1 | -21.01% |
| Selling/ General/ Admin Expenses Total | 5.57 | 5.21 | +6.91% | 5.28 | +5.49% |
| Depreciation/ Amortization | 2.17 | 2.49 | -12.85% | 2.06 | +5.34% |
| Total Operating Expense | 61.15 | 66.45 | -7.98% | 75.8 | -19.33% |
| Operating Income | 2.91 | 5.16 | -43.6% | 5.3 | -45.09% |
| Net Income Before Taxes | 2.84 | 4.18 | -32.06% | 4.91 | -42.16% |
| Net Income | 2.13 | 3.76 | -43.35% | 4.23 | -49.65% |
| Diluted Normalized EPS | 4.16 | 7.34 | -43.33% | 8.26 | -49.64% |
Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.