HB Stockholdings Q1 Results Revenue Declines by 24.67% QoQ and 58.34% YoY

HB Stockholdings Q1 Results: The table shows financial results for Hb Stockholdings for the first quarter of June 2024. The company’s total revenue dropped to 4.32 crores from a negative 6.32 crores in the previous quarter, which is a decrease of about 24.67%. Compared to the same time last year, revenue fell by 58.34%. 

HB Stockholdings’ Selling, general, and administrative expenses went up to 0.53 crores, a significant increase from 0.25 crores in the previous quarter and 140.59% higher than last year. Depreciation and amortization expenses slightly increased by 3.93% from the previous quarter, and other operating expenses decreased by 49.93% from the previous quarter but were only slightly higher than last year.

HB Stockholdings’ overall operating expenses rose by 12.33% from the previous quarter and were up by 54.97% compared to last year. Operating income improved to 3.40 crores, reversing the negative figure from the previous quarter but still down 65.22% from last year. 

HB Stockholdings’ Net income before taxes increased significantly from the previous quarter, and net income also improved but was still lower by 33.93% compared to last year. Diluted normalized EPS increased from the previous quarter but decreased by 33.92% from the same time last year.

Here's the quarterly financial summary for Hb Stockholdings for Q1:

Source: Here 

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HB Stockholdings Q1 Results

HB Stockholdings table shows financial performance for a few different periods. For the three months ending on June 30, 2024, their revenue from operations was ₹1002.46 lakhs. This includes income from interest, dividends, and trading gains. For the full year ending March 31, 2024, the total revenue was ₹573.96 lakhs. They also had other income of ₹0.91 lakhs for the quarter and ₹5.57 lakhs for the year.

HB Stockholdings’ total income, combining operational and other income, was ₹1003.37 lakhs for the quarter and ₹579.53 lakhs for the year. Expenses during this period included finance costs, employee benefits, depreciation, and other costs. For the quarter, their total expenses were ₹95.08 lakhs and for the year, ₹83.36 lakhs.

HB Stockholdings’ profit before tax for the three months was ₹908.29 lakhs and ₹496.17 lakhs for the year. After taxes, which were ₹263.23 lakhs for the quarter and ₹60.52 lakhs for the year, the net profit was ₹645.06 lakhs for the quarter and ₹435.65 lakhs for the year. They also reported other comprehensive income, which affected their total comprehensive income. The paid-up equity share capital remained constant at ₹713.77 lakhs. Their earnings per share were ₹9.04 for both basic and diluted shares for the quarter and ₹6.10 for the year.

Here's a simplified summary of the financial results for different periods:

HB Stockholdings Stocks Metrics

The table shows important details about HB Stockholdings. The company’s market capitalization is ₹105 crore, meaning it is valued at this amount in total. The current price of each share is ₹147. The highest price for the share was ₹187, and the lowest was ₹47.4. The stock’s price-to-earnings (P/E) ratio is 3.07, indicating how cheap or expensive the stock is compared to its earnings. The book value per share is ₹144, showing the company’s value based on its assets. 

Here’s a summary of the key financial metrics for the stock:

Quarterly Results 

The table shows HB Stockholdings' financial performance for Dec 2023, Mar 2024, and Jun 2024. In Dec 2023, the company had strong sales of 15.15 crores, with a high operating profit of 14.60 crores and an operating profit margin of 96.37%. By Mar 2024, sales dropped to 5.74 crores, and the operating profit fell to 5.00 crores, with a lower profit margin of 87.11%.

Here’s the table for the quarters Dec 2023, Mar 2024, and Jun 2024:

About HB Stockholdings 

HB Stockholdings was originally founded as HB Portfolio Leasing on July 30, 1985. It initially focused on offering various financial services and later expanded into real estate development. On February 19, 1997, the company changed its name to HB Stockholdings. The company underwent restructuring through a court-approved plan in late 1996, leading to the creation of HB Estate Developers for real estate and HB Portfolio  for banking services. 

Today, HB Stockholdings is involved in buying and selling securities and is registered with the Reserve Bank of India as a Non-Banking Financial Company (NBFC).