Hardwyn India Limited Reports 16.67% Revenue Growth in Q1
Hardwyn India Limited announced robust Q1 financial results. Revenue increased by 16.67% to ₹60.06 crore, while net profit grew by 22.32% to ₹4.11 crore compared to the previous year. The company reported an EBITDA of ₹7.14 crore with an 11.89% margin. Net profit margin stood at 6.84%. The Board of Directors approved these results on August 13, which were published in Financial Express and Jansatta.
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Hardwyn India Limited , a key player in the Indian market, has announced robust financial results for the first quarter, demonstrating significant growth in both revenue and profitability.
Financial Highlights
The company reported a substantial increase in its revenue, which rose to ₹60.06 crore in Q1, marking a 16.67% growth compared to ₹51.48 crore in the same quarter of the previous fiscal year. This impressive top-line growth reflects Hardwyn India's strong market position and effective business strategies.
Hardwyn India's bottom line also showed remarkable improvement. The net profit for Q1 stood at ₹4.11 crore, representing a significant 22.32% increase from ₹3.36 crore in the same quarter of the previous year. This growth in profitability outpaced the revenue growth, indicating improved operational efficiency and cost management.
Operational Performance
The company's operational performance remained strong, with an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of ₹7.14 crore for the quarter. The EBITDA margin was reported at 11.89%, showcasing the company's ability to maintain healthy operational profitability.
Hardwyn India Limited also reported a net profit margin of 6.84%, reflecting its capability to convert revenue into profit effectively.
Corporate Governance
The Board of Directors of Hardwyn India Limited approved these financial results on August 13, demonstrating the company's commitment to timely financial reporting and transparency. In line with regulatory requirements and to ensure widespread dissemination of information, the company published its financial results in two prominent newspapers, Financial Express and Jansatta.
Conclusion
Hardwyn India Limited's Q1 results paint a picture of a company on a growth trajectory, with significant improvements in both top-line and bottom-line performance. The double-digit growth in revenue and net profit, coupled with healthy EBITDA and profit margins, suggests that the company's business strategies are yielding positive results in the competitive Indian market.
| Financial Metric | Q1 Current | Q1 Previous | YoY Growth |
|---|---|---|---|
| Revenue | ₹60.06 crore | ₹51.48 crore | 16.67% |
| Net Profit | ₹4.11 crore | ₹3.36 crore | 22.32% |
| EBITDA | ₹7.14 crore | -- | -- |
| EBITDA Margin | 11.89% | -- | -- |
| Net Profit Margin | 6.84% | -- | -- |
Historical Stock Returns for Hardwyn India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +5.03% | +0.50% | -6.36% | -29.43% | +225.87% |
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