Hindusthan Engineering & Industries has released its financials for FY24

09 September 2024

Hindustan Engineering & Industries Limited has posted remarkable financial performance in FY24, with significant growth in revenue (56.82%) and an even more impressive rise in profitability (PAT growth of 195.99%). The substantial increase in EPS (196.78%) highlights strong returns for shareholders. Let's analyse at some of the key performance indicators:

Revenue & PAT: The company's revenue has increased by approximately ~ 56% y-o-y. Company has reported a revenue of ₹2,796.70 Cr. in FY24 as compared to ₹1,783.34 Cr. in FY23. Similarly company's PAT also increased by nearly 196%, an impressive performance that indicates the company is converting its increased revenue into profits at a much higher rate. Company has reported a net profit of ₹207.28 Cr. in FY24 as compared to ₹70.03 Cr. in FY23 respectively.

EPS: The growth in EPS is nearly identical to the growth in PAT, reflecting the profitability per share. A 196.78% increase in EPS is highly favorable for shareholders, indicating a significant increase in their returns. The company's EPS stood at ₹140.94 in FY24 in comparison to ₹47.49 in FY23 respectively.

Assets and Equity: Company's Assets and Equity increased at a moderate pace compared to Revenue, PAT and EPS respectively. While the value of company's assets was reported at ₹2,222.17 Cr. in FY24 as compared to ₹1,806.48 Cr. in FY23, showing a growth of approximately ~ 23%, on the other hand, Company's equity grew by almost ~ 16%, reaching a value of ₹1,398.80 cr. in FY24 as compared to ₹1,206.94 Cr. in FY23 respectively.

Overall, the company is in a strong financial position with excellent profitability and asset utilization.