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Hindware Home Innovation Ltd Q4FY24; 88% fall in Profits

Somany Home Innovations Ltd. (SHIL) is a newly created Corporate Entity which was demerged from HSIL Limited, vastly recognised by its Brand Hindware, a leading name in the Indian market. SHIL is focused on servicing end-consumers in the market and is involved in branding, marketing, sales, distribution, trading, service etc. of Consumer Appliances under the Brand name ‘Hindware’, ‘Moonbow’ and Furniture Retail Business under the Brand name ‘Evok’.

Financial Results:

Hindware Home Innovation Ltd reported Revenues for Q4FY24 of ₹773.67 Crores up from ₹767.85 Crore year on year, a rise of 0.76%.

Total Expenses for Q4FY24 of ₹774.56 Crores up from ₹736.54 Crores year on year, a rise of 5.16%.

Consolidated Net Profit of ₹2.73 Crores down 88.0% from ₹22.75 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.30, down 90.48% from ₹3.15 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Marketing
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