Mohini Health & Hygiene Limited — Important, 13-11-2024: Financial Result Updates

Revenue from operations for the half-year reached ₹9,143.83 crore, down 9.7% from ₹10,125.65 crore year-on-year, driven by lower demand and inventory adjustments. Total income was ₹9,289.23 crore, reflecting similar trends.

Net profit stood at ₹487.00 crore, a decrease from ₹516.30 crore, with earnings per share (EPS) of ₹2.67, compared to ₹2.83 previously. Profitability was impacted by higher operational costs, including a notable increase in costs related to materials and manufacturing, despite some savings in finance costs.

Total expenses decreased to ₹8,597.72 crore from ₹9,772.84 crore, with cost of materials consumed at ₹6,522.97 crore. Notably, operational efficiency showed improvement despite pressure on margins.

The company’s balance sheet remains stable, with total assets at ₹16,633.48 crore, up from ₹15,336.39 crore in the previous year, reflecting well on cash reserves and working capital management despite a decline in cash flow from operations.

Given these financial results, a hold position could be advised as the company navigates through demand challenges while implementing cost management strategies and recovery plans for improved operational efficiency.