Hercules Hoists Q1 Results Revenue and Income Analysis

The Q1 results for Hercules Hoists show several important financial changes when comparing different periods. In June 2024, the total revenue was ₹38.14 crores, which is a decrease of 33.44% QoQ from ₹47.47 crores in March 2024. This means the company earned much less this quarter than the last one. Year-over-year (YoY), the revenue fell by 7.09% compared to June 2023, when it was ₹41.05 crores. The selling, general, and administrative expenses were ₹5.65 crores, down 6.53% QoQ from ₹6.24 crores in the previous quarter and also 7.22% YoY compared to ₹6.09 crores last year.

Hercules Hoists’ operating income increased to ₹4.44 crores, reflecting a 10.49% increase QoQ from ₹4.02 crores in March 2024, and a substantial 27.64% increase YoY compared to ₹3.48 crores in June 2023. However, the net income dropped significantly by 49.90% QoQ to ₹5.94 crores, down from ₹84.95 crores in the previous quarter. YoY, net income increased by 23.50%, showing some positive growth from ₹4.81 crores in June 2023. The diluted normalized EPS was ₹1.86, stable compared to the previous quarter but up 24.00% YoY from ₹1.50 last year. Overall, while there are some positive signs, the company faced challenges this quarter compared to both the previous quarter and last year.

Here are the Q1 results for Hercules Hoists, presented in a table format:

(Rs. in crores except the share value)

Source: Here 

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Hercules Hoists Q1 Results

Hercules Hoists reported its financial results for the quarter ending on June 30, 2024, and for the year ending on March 31, 2024. The company reported its earnings in two main categories: standalone and consolidated. Standalone figures reflect the company's individual performance, while consolidated figures include the performance of all subsidiaries.

Hercules Hoists earned ₹4,195.06 lakhs from its operations, a decrease compared to ₹6,128.19 lakhs in the previous year in the quarter ended June 30, 2024. This drop was due to a reduction in revenue from operations. However, the company's total expenses also decreased, falling from ₹4,516.23 lakhs to ₹3,381.86 lakhs. This shows that the company managed to cut costs effectively. As a result, the profit before tax for the standalone segment was ₹813.20 lakhs, while the profit after tax was ₹593.62 lakhs.

Hercules Hoists reported earnings per share (EPS) of ₹1.86 for the quarter. This means that shareholders earned ₹1.86 for each share they own. Overall, despite a drop in revenue, Hercules Hoists successfully reduced its expenses and maintained profitability during this period.

Here's a summary of the financial results you provided in a clearer format:

(Rs. in Lakhs)

Hercules Hoists Financial Metrics

Hercules Hoists is a company with a market capitalization of ₹ 1,628 crore, meaning this is the total value of all its shares. The current stock price is ₹ 509, with a high of ₹ 656 and a low of ₹ 284 over a specific period. The price-to-earnings (P/E) ratio is 43.8, indicating how much investors are willing to pay for each rupee of profit. The book value per share is ₹ 296, reflecting the company's net asset value. It offers a dividend yield of 0.79%, meaning investors receive a small return on their investment. 

Here's a summarized table of the provided stock information:

Quarterly Results 

Hercules Hoists table shows their financial performance over three quarters: December 2023, March 2024, and June 2024. In December 2023, the company made sales of 39.94 Crores and had expenses of 33.91 Crores, leading to an operating profit of 6.03 Crores. By March 2024, sales increased significantly to 57.30 Crores, and the operating profit rose to 13.37 Crores, indicating strong performance. 

Here are the quarterly results for December 2023, March 2024, and June 2024, focusing on the particulars:

(Rs. in crores)

About Hercules Hoists 

Hercules Hoists is a well-known brand that specializes in manufacturing lifting and material handling equipment. Their hoists are designed to provide powerful and reliable solutions for lifting heavy loads in various industries. Hercules Hoists focuses on quality and safety, ensuring that their products meet strict standards.

Hercules Hoists offer a range of hoists, including electric and manual options, which are easy to use and maintain. With a commitment to innovation, Hercules Hoists continuously improves its products to meet the needs of customers. Their reputation for durability and performance makes them a trusted choice for businesses looking for effective lifting solutions.