Live Update: HEG Q4 Results Show 67.01% Year-Over-Year Profit Decrease

HEG, a leading company, recently announced their Q4 results on 24 May, 2024, revealing a decrease in revenue by 11.34% and a significant decline 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%. The Selling, general & administrative expenses saw an increase of 10.55% quarter-on-quarter and 2.17% year-on-year.

Furthermore, the operating income took a hit with a decrease of 119.49% quarter-on-quarter and 108.47% year-on-year. The Earnings Per Share (EPS) for Q4 stood at ₹8.53, marking a significant 67% decrease year-on-year.

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. At present, HEG boasts a market capitalization of ₹8674.34 Cr with a 52-week high/low of ₹2743 and ₹1113.3 respectively.

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 25 May, 2024. The consensus recommendation as of the same date was to Strong Buy, reflecting positive sentiment towards HEG’s future prospects.

In summary, HEG’s Q4 results show a challenging financial performance, but with positive market sentiment and analyst recommendations, the company is poised for potential growth in the future. Stay updated on quarterly results with our results calendar for more insights.