Hindware Home Innovation Ltd's Q3FY25 Quarter Results
- 15 Feb 2025
Result Summary
- Hindware Home Innovation Ltd reported a 5.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 14.4%.
- Its expenses for the quarter were down by 5.6% QoQ and 11.4% YoY.
- The net profit increased 14.0% QoQ and decreased 491.4% YoY.
- The earnings per share (EPS) of Hindware Home Innovation Ltd declined at 2.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 602.31 | 639.63 | 703.60 | -5.8% | -14.4% |
Total Expenses | 617.93 | 654.56 | 697.17 | -5.6% | -11.4% |
Profit Before Tax | -15.62 | -14.93 | 6.43 | 4.6% | -342.9% |
Tax | -3.74 | -3.89 | 0.31 | -3.9% | -1306.5% |
Profit After Tax | -17.73 | -15.55 | 4.53 | 14.0% | -491.4% |
Earnings Per Share | -2.30 | -2.20 | 0.60 | 4.5% | -483.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Hindware Home Innovation Ltd is a company primarily engaged in the business of providing home solutions and products. The company operates within the home improvement industry, offering a range of products that include sanitaryware, faucets, and wellness products. Hindware is recognized for its innovative and high-quality offerings, catering to both residential and commercial segments. The company has established a strong market presence with a focus on design and durability. Recent developments in the company have not been provided, so no specific updates can be highlighted at this time.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Hindware Home Innovation Ltd reported a total income of ₹602.31 crores. This represents a decrease of 5.8% compared to the previous quarter (Q2FY25), where the total income was ₹639.63 crores. Year-over-year, the total income has decreased significantly by 14.4% from ₹703.60 crores in Q3FY24. This decline in revenue over both the quarterly and yearly periods indicates a reduction in sales or service income, which is a critical area for the company to address moving forward.
Profitability
The company recorded a loss in profitability for Q3FY25, with a profit before tax of -₹15.62 crores. This marks a slight increase in loss compared to the previous quarter's result of -₹14.93 crores, reflecting a quarter-over-quarter change of 4.6%. Compared to a profit before tax of ₹6.43 crores in Q3FY24, there is a substantial year-over-year decline of 342.9%. The profit after tax also followed a similar trend, with a recorded loss of ₹17.73 crores in Q3FY25, compared to a loss of ₹15.55 crores in Q2FY25 and a profit of ₹4.53 crores in Q3FY24. The earnings per share for the current quarter stood at -₹2.30, compared to -₹2.20 in the previous quarter and ₹0.60 in the same quarter last year, highlighting a significant decrease in shareholder value over the year.
Operating Metrics
Total expenses for Hindware Home Innovation Ltd in Q3FY25 were ₹617.93 crores, which is a reduction of 5.6% from ₹654.56 crores in Q2FY25. Comparing year-over-year, expenses have decreased by 11.4% from ₹697.17 crores in Q3FY24. Despite the reduction in expenses, the decrease in total income has led to continued losses. The tax expense was -₹3.74 crores in Q3FY25, showing a slight improvement from -₹3.89 crores in the previous quarter and a significant change from ₹0.31 crores in Q3FY24. The continuing negative tax expenses also align with the company's loss position for the quarter. The financial data does not provide specific information on key financial ratios or other operating metrics such as the P/E ratio, debt-to-equity ratio, or current ratio, so these cannot be calculated or analyzed further based on the available data.
