How AI Legalese Decoder Can Analyze HEG Q4 Results Live: Understanding the 67.01% Year-Over-Year Profit Decrease
- May 24, 2024
- Posted by: legaleseblogger
- Category: Related News
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HEG Q4 Results Analysis
HEG, a leading company, announced their Quarter 4 (Q4) results on May 24, 2024. The company reported a decline in revenue by 11.34% and a significant decrease in profit by 67.01% Year-on-Year.
Compared to the previous quarter, the revenue dropped by 2.76% and the profit decreased by 24.64%, indicating a challenging period for the company.
The Selling, general & administrative expenses saw an increase of 10.55% quarter-on-quarter and 2.17% year-on-year, impacting the overall financial performance of HEG.
Furthermore, the operating income took a significant hit with a decrease of 119.49% quarter-on-quarter and 108.47% year-on-year, raising concerns about the company’s operational efficiency.
The Earnings Per Share (EPS) for Q4 stood at ₹8.53, marking a substantial 67% decrease year-on-year, reflecting a challenging earnings outlook for HEG.
HEG’s stock performance in the market has been mixed with a -5.15% return in the last week, a strong 41.96% return in the last 6 months, and a positive 17.77% Year-to-Date return, showcasing volatility in investor sentiment.
At present, HEG boasts a market capitalization of ₹8674.34 Cr with a 52-week high/low of ₹2743 and ₹1113.3 respectively, indicating the company’s market valuation trends.
Analysts covering the company have provided varying ratings, with 1 analyst suggesting a Buy rating and another analyst recommending a Strong Buy rating out of the 2 analysts as of May 25, 2024, showcasing divergent opinions on HEG’s future prospects.
| Period | Q4 | Q3 | Q-o-Q Growth | Q4 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 546.9 | 562.4 | -2.76% | 616.88 | -11.34% |
| Selling/ General/ Admin Expenses Total | 25.26 | 22.85 | +10.55% | 24.72 | +2.17% |
| Depreciation/ Amortization | 50.44 | 47.39 | +6.44% | 33.13 | +52.23% |
| Total Operating Expense | 554.55 | 523.15 | +6% | 526.57 | +5.31% |
| Operating Income | -7.65 | 39.25 | -119.49% | 90.31 | -108.47% |
| Net Income Before Taxes | 46.37 | 59.42 | -21.96% | 125.2 | -62.96% |
| Net Income | 32.91 | 43.67 | -24.64% | 99.77 | -67.01% |
| Diluted Normalized EPS | 8.53 | 11.32 | -24.65% | 25.85 | -67% |
Frequently Asked Questions
Question: What is the Q4 profit/Loss as per the company?
Answer: ₹32.91Cr
Question: What is Q4 revenue?
Answer: ₹546.9Cr
Stay updated on quarterly results with our results calendar. AI legalese decoder can help analyze complex legal documents related to HEG’s financial disclosures and provide insights into key financial metrics and trends, enabling informed decision-making.
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