Himalayan Distillery (HDL) Faces a 51.24% Dip in Q1 Net Profit at Rs 10.51 Crore; Revenue Decline by 29.70%
Fri, Nov 10, 2023 10:55 AM on Financial Analysis, Company Analysis, Latest,
In a recently released financial report for the first quarter of fiscal year 2080/81, Himalayan Distillery Limited (HDL) disclosed a significant 51.24% drop in net profit, plummeting to Rs 10.51 crore from Rs 21.5 crore in the corresponding quarter of FY 2079/80.
The company's revenue witnessed a notable downturn, recording a 29.70% decrease to Rs 97.18 crore in Q1 2080/81, compared to Rs 1.38 arba in the same quarter of FY 2079/80. Despite this challenging scenario, HDL experienced a positive surge in other operating income, marking a 73.25% increase to Rs 59.11 lakhs from Rs 34.12 lakhs in the previous year.
As of the financial report, Himalayan Distillery's share capital stands at Rs 2.42 Arba, with other equity amounting to Rs 1.03 Arba.
Key financial metrics include an annualized Earnings Per Share (EPS) of Rs 17.32, reflecting the company's performance on a per-share basis. However, the quarter-end Price-to-Earnings (P/E) ratio stands at 107.22 times. The net worth per share is reported at Rs 142.41.
Major Highlights:
| Particulars (Rs in 000) | Himalayan Distillery Limited | ||
|---|---|---|---|
| Q1 2080/81 | Q1 2079/80 | Difference | |
| Paid Up Capital | 2,429,567 | 1,518,479 | 60.00% |
| Other Equity | 1,030,437 | 1,543,368 | -33.23% |
| Property, Plant and Equipment | 454,259 | 486,286 | -6.59% |
| Investment | 101,100 | 101,100 | 0.00% |
| Trade Receivables | 2,473,615 | 2,498,620 | -1.00% |
| Revenue from Operation | 971,815 | 1,382,400 | -29.70% |
| Other Income | 5,911 | 3,412 | 73.25% |
| Administration Expenses | 17,278 | 19,626 | -11.96% |
| Selling and Distribution Expenses | 68,293 | 83,045 | -17.76% |
| Net Profit | 105,199 | 215,761 | -51.24% |
| Annualized EPS (In Rs.) | 17.32 | 0.00 | |
| Net Worth per Share (In Rs.) | 142.41 | 201.64 | -29.37% |
| Qtr End P/E Ratio | 107.22 | ||
| Liquidity Ratio | 8.46 | ||
