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Hawa Engineers Board Posted Q1 FY 24 Results
Hawa Engineers reports a Q1 FY24 net profit of ₹39.62 lakhs, total income of ₹2,776.07 lakhs, and earnings per share of ₹1.12 (Basic) and ₹0.56 (Diluted).
by Damodharan N
Updated Jul 19, 2024
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Table of Content
Hawa Engineers Limited has announced its unaudited financial results for the first quarter of FY24, as per the Board of Directors meeting held on July 19, 2024. The meeting, conducted at the company's premises in Ahmedabad, approved the results for the quarter ending June 30, 2024.
The company's revenue from operations for Q1 FY24 stood at ₹2,772.81 lakhs, with other income adding ₹3.26 lakhs, bringing the total income to ₹2,776.07 lakhs. The total expenses for the quarter were ₹2,723.13 lakhs. The company reported a profit before tax of ₹52.94 lakhs, with a net profit of ₹39.62 lakhs after tax.
Key details include:
- Revenue: ₹2,772.81 lakhs
- Total Income: ₹2,776.07 lakhs
- Profit Before Tax: ₹52.94 lakhs
- Net Profit: ₹39.62 lakhs
- Earnings Per Share: ₹1.12 (Basic), ₹0.56 (Diluted)
The financial results reflect the company's ongoing efforts to enhance its operational efficiency and financial performance. The Board's approval of these results underscores Hawa Engineers' commitment to maintaining transparency and delivering value to its shareholders.
Get the Full Announcement Here
Hawa Engineers Q1 FY 24 Results
In Q1 FY24, Hawa Engineers reported a notable increase in total income, reaching ₹2,776.07 lakhs, a 6.6% rise from ₹2,604.63 lakhs in Q1 FY23. Revenue from operations also saw a significant growth of 10.7%, amounting to ₹2,772.81 lakhs compared to ₹2,504.50 lakhs in the same quarter last year.
Unaudited standalone financial statement
|
Particulars |
30.06.2024 (Unaudited) |
30.06.2023 (Unaudited) |
|
Income from Operations |
||
|
Revenue from Operation |
₹2,772.81 lakhs |
₹2,504.50 lakhs |
|
Other Income |
₹3.26 lakhs |
₹9.76 lakhs |
|
Total Income (1+2) |
₹2,776.07 lakhs |
₹2,604.63 lakhs |
|
Expenses |
||
|
Cost of Material Consumed |
₹2,174.77 lakhs |
₹2,111.41 lakhs |
|
Purchase of Stock in Trade |
||
|
Changes in Inventories of Finished Goods, Work-in-Progress, and Stock-in-Trade |
(₹30.70 lakhs) |
(₹55.98 lakhs) |
|
Manufacturing Expense |
₹240.57 lakhs |
₹176.65 lakhs |
|
Employee Benefit Expense |
₹235.90 lakhs |
₹204.93 lakhs |
|
Finance Cost |
₹161.21 lakhs |
₹102.38 lakhs |
|
Depreciation & Amortization |
₹96.58 lakhs |
₹70.74 lakhs |
|
Other Expenditure |
₹22.44 lakhs |
₹21.79 lakhs |
|
Total Expenses (IV) |
₹2,723.13 lakhs |
₹2,583.00 lakhs |
|
Profit/(Loss) Before Tax |
₹52.94 lakhs |
₹20.70 lakhs |
|
Tax Expense |
||
|
Current Tax |
₹13.32 lakhs |
₹39.62 lakhs |
|
Deferred Tax |
₹40.58 lakhs |
|
|
Profit/(Loss) for the Period from Continuing Operations |
₹39.62 lakhs |
₹20.70 lakhs |
|
Profit/(Loss) from Discontinuing Operations |
||
|
Total Profit/(Loss) for the Period |
₹39.62 lakhs |
₹179.91 lakhs |
|
Earnings Per Share (for Continuing Operations) |
||
|
Basic |
₹1.12 |
₹5.10 |
|
Diluted |
₹0.56 |
₹5.10 |
|
Earnings Per Share (for Discontinued Operations) |
||
|
Basic |
₹1.12 |
₹5.10 |
|
Diluted |
₹0.56 |
₹5.10 |
|
Earnings Per Share (for Discontinued & Continuing Operations) |
||
|
Basic |
₹1.12 |
₹5.10 |
|
Diluted |
₹0.56 |
₹5.10 |
Hawa Engineers
Hawa Engineers Ltd., a prominent manufacturer and exporter of industrial valves in India, operates under the brand name "MARCK." The company specializes in a diverse range of valves, including Gate Valves, Globe Valves, Butterfly Valves, and Ball Valves, catering to various specifications and sizes as per client requirements.
With a focus on high-quality products made from superior raw materials, Hawa Engineers supports both domestic and international markets. Their operational base is located at Ahmedabad, Gujarat, and they extend their services across key locations such as Los Angeles and Chicago, demonstrating a broad geographical reach in their business operations.
Hawa Engineers Board Posted Q1 FY 24 Results - FAQs
1. What was the total income reported by Hawa Engineers for Q1 FY24?
Hawa Engineers reported a total income of ₹2,776.07 lakhs for the first quarter of FY24.
2. How did Hawa Engineers' revenue from operations in Q1 FY24 compare to the same quarter in the previous year?
The revenue from operations in Q1 FY24 was ₹2,772.81 lakhs, reflecting a substantial growth of 10.7% compared to ₹2,504.50 lakhs in Q1 FY23.
3. What was the total revenue from operations for Hawa Engineers in Q1 FY23?
In Q1 FY23, the total revenue from operations was ₹2,504.50 lakhs.
4. How much other income did Hawa Engineers generate in Q1 FY24?
The company reported other income of ₹3.26 lakhs for Q1 FY24.
5. What were the total expenses incurred by Hawa Engineers in Q1 FY24?
Hawa Engineers incurred total expenses amounting to ₹2,723.13 lakhs in the first quarter of FY24.
6. What was the cost of material consumed by Hawa Engineers in Q1 FY24?
The cost of material consumed during Q1 FY24 was ₹2,174.77 lakhs.
7. How did the cost of material consumed in Q1 FY24 compare to the previous fiscal year?
The cost of material consumed increased from ₹2,111.41 lakhs in Q1 FY23 to ₹2,174.77 lakhs in Q1 FY24.
8. What were the manufacturing expenses reported by Hawa Engineers in Q1 FY24?
The manufacturing expenses for Q1 FY24 were ₹240.57 lakhs.
9. How did the manufacturing expenses in Q1 FY24 compare to those in Q1 FY23?
Manufacturing expenses rose from ₹176.65 lakhs in Q1 FY23 to ₹240.57 lakhs in Q1 FY24.
10. What were the employee benefit expenses in Q1 FY24?
Employee benefit expenses amounted to ₹235.90 lakhs in Q1 FY24.
11. How did employee benefit expenses in Q1 FY24 compare to the previous year?
Employee benefit expenses increased from ₹204.93 lakhs in Q1 FY23 to ₹235.90 lakhs in Q1 FY24.
12. What was the finance cost incurred by Hawa Engineers in Q1 FY24?
The finance cost for Q1 FY24 was ₹161.21 lakhs.
13. How did the finance cost in Q1 FY24 compare to Q1 FY23?
The finance cost increased from ₹102.38 lakhs in Q1 FY23 to ₹161.21 lakhs in Q1 FY24.
14. What were the depreciation and amortization expenses for Q1 FY24?
Depreciation and amortization expenses were ₹96.58 lakhs for Q1 FY24.
15. How did depreciation and amortization expenses in Q1 FY24 compare to the previous year?
These expenses increased from ₹70.74 lakhs in Q1 FY23 to ₹96.58 lakhs in Q1 FY24.
16. What was the total profit before tax for Hawa Engineers in Q1 FY24?
The total profit before tax for Q1 FY24 was ₹52.94 lakhs.
17. How did the profit before tax in Q1 FY24 compare to the same quarter in the previous year?
The profit before tax saw a significant increase from ₹20.70 lakhs in Q1 FY23 to ₹52.94 lakhs in Q1 FY24.
18. What was the net profit for Hawa Engineers in Q1 FY24?
Hawa Engineers reported a net profit of ₹39.62 lakhs for the first quarter of FY24.
19. How did the net profit in Q1 FY24 compare to the net profit in Q1 FY23?
The net profit increased from ₹20.70 lakhs in Q1 FY23 to ₹39.62 lakhs in Q1 FY24.
20. What were the earnings per share (EPS) for continuing operations in Q1 FY24?
For continuing operations, the earnings per share (EPS) were ₹1.12 (Basic) and ₹0.56 (Diluted) in Q1 FY24.
21. How did the EPS for continuing operations in Q1 FY24 compare to Q1 FY23?
EPS for continuing operations decreased from ₹5.10 (Basic and Diluted) in Q1 FY23 to ₹1.12 (Basic) and ₹0.56 (Diluted) in Q1 FY24.
22. What was the EPS for discontinued operations in Q1 FY24?
The earnings per share for discontinued operations were ₹1.12 (Basic) and ₹0.56 (Diluted) in Q1 FY24.
23. How did EPS for discontinued operations in Q1 FY24 compare to the previous year?
EPS for discontinued operations decreased from ₹5.10 (Basic and Diluted) in Q1 FY23 to ₹1.12 (Basic) and ₹0.56 (Diluted) in Q1 FY24.
24. What was the EPS for both discontinued and continuing operations in Q1 FY24?
For both discontinued and continuing operations, the EPS were ₹1.12 (Basic) and ₹0.56 (Diluted) in Q1 FY24.
25. How did the EPS for both discontinued and continuing operations in Q1 FY24 compare to Q1 FY23?
The EPS for both discontinued and continuing operations decreased from ₹5.10 (Basic and Diluted) in Q1 FY23 to ₹1.12 (Basic) and ₹0.56 (Diluted) in Q1 FY24.
26. What was the total deferred tax expense for Q1 FY24?
The deferred tax expense for Q1 FY24 was ₹40.58 lakhs.
27. What was the current tax expense reported for Q1 FY24?
The current tax expense for Q1 FY24 was ₹13.32 lakhs.
28. How did the current tax expense in Q1 FY24 compare to the previous fiscal year?
The current tax expense decreased from ₹39.62 lakhs in Q1 FY23 to ₹13.32 lakhs in Q1 FY24.
29. What was the total amount of other expenditure in Q1 FY24?
The other expenditure amounted to ₹22.44 lakhs in Q1 FY24.
30. How did other expenditure in Q1 FY24 compare to Q1 FY23?
Other expenditure increased slightly from ₹21.79 lakhs in Q1 FY23 to ₹22.44 lakhs in Q1 FY24.
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