Himalayan Distillery Limited (HDL) Records 44.38% Drop in Q2 Net Profit, Revenue Decline By 22.49%
Sun, Feb 11, 2024 8:32 AM on Financial Analysis, Company Analysis, Latest,
In a recently released financial report for the second quarter of fiscal year 2080/81, Himalayan Distillery Limited (HDL) disclosed a significant 44.38% drop in net profit, plummeting to Rs 16.36 crore from Rs 29.42 crore in the corresponding quarter of FY 2079/80.
The company's revenue witnessed a notable downturn, recording a 22.49% decrease to Rs 1.89 crore in Q1 2080/81, compared to Rs 2.44 arba in the same quarter of FY 2079/80. Despite this challenging scenario, HDL experienced a positive surge in other operating income, marking a 178.89% increase to Rs 1.71 crores from Rs 61.46 lakhs in the previous year.
As of the financial report, Himalayan Distillery's share capital stands at Rs 2.67 Arba, with other equity amounting to Rs 48.15 Crores.
Key financial metrics include an annualized Earnings Per Share (EPS) of Rs 12.25, reflecting the company's performance on a per-share basis. However, the quarter-end Price-to-Earnings (P/E) ratio stands at 139.79 times. The net worth per share is reported at Rs 118.02.
Major Highlights:
| Particulars (Rs in 000) | Himalayan Distillery Limited | ||
|---|---|---|---|
| Q2 2080/81 | Q2 2079/80 | Difference | |
| Paid Up Capital | 2,672,523 | 2,429,567 | 10.00% |
| Other Equity (Retained Earnings) | 481,501 | 557,458 | -13.63% |
| Property, Plant and Equipment | 451,861 | 476,704 | -5.21% |
| Investment | 101,100 | 101,100 | 0.00% |
| Trade Receivables | 1,012,136 | 2,537,476 | -60.11% |
| Revenue from Operation | 1,898,816 | 2,449,655 | -22.49% |
| Other Income | 17,140 | 6,146 | 178.89% |
| Administration Expenses | 33,244 | 35,163 | -5.46% |
| Selling and Distribution Expenses | 198,230 | 234,406 | -15.43% |
| Net Profit | 163,656 | 294,263 | -44.38% |
| Annualized EPS (In Rs.) | 12.25 | 24.22 | -49.44% |
| Net Worth per Share (In Rs.) | 118.02 | 122.94 | -4.01% |
| Qtr End P/E Ratio | 139.79 | ||
| Liquidity Ratio | 4.04 | ||
