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Harish Textile Engineers (BOM:542682) Gross Profit : ₹402 Mil (TTM As of Jun. 2024)


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What is Harish Textile Engineers Gross Profit?

Harish Textile Engineers's gross profit for the three months ended in Jun. 2024 was ₹105 Mil. Harish Textile Engineers's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was ₹402 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Harish Textile Engineers's gross profit for the three months ended in Jun. 2024 was ₹105 Mil. Harish Textile Engineers's Revenue for the three months ended in Jun. 2024 was ₹308 Mil. Therefore, Harish Textile Engineers's Gross Margin % for the quarter that ended in Jun. 2024 was 34.19%.

Harish Textile Engineers had a gross margin of 34.19% for the quarter that ended in Jun. 2024 => Competition eroding margins

During the past 8 years, the highest Gross Margin % of Harish Textile Engineers was 30.74%. The lowest was 26.36%. And the median was 29.76%.


Harish Textile Engineers Gross Profit Historical Data

The historical data trend for Harish Textile Engineers's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Harish Textile Engineers Gross Profit Chart

Harish Textile Engineers Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross Profit
Get a 7-Day Free Trial 233.27 215.55 317.86 357.48 398.50

Harish Textile Engineers Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 101.56 107.16 116.09 73.68 105.17

Competitive Comparison of Harish Textile Engineers's Gross Profit

For the Specialty Industrial Machinery subindustry, Harish Textile Engineers's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Harish Textile Engineers's Gross Profit Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harish Textile Engineers's Gross Profit distribution charts can be found below:

* The bar in red indicates where Harish Textile Engineers's Gross Profit falls into.



Harish Textile Engineers Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Harish Textile Engineers's Gross Profit for the fiscal year that ended in Mar. 2024 is calculated as

Gross Profit (A: Mar. 2024 )=Revenue - Cost of Goods Sold
=1310.248 - 911.749
=398

Harish Textile Engineers's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=307.622 - 202.455
=105

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹402 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Harish Textile Engineers's Gross Margin % for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=105 / 307.622
=34.19 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Harish Textile Engineers  (BOM:542682) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Harish Textile Engineers had a gross margin of 34.19% for the quarter that ended in Jun. 2024 => Competition eroding margins


Harish Textile Engineers Gross Profit Related Terms

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Harish Textile Engineers Business Description

Traded in Other Exchanges
N/A
Address
19, Parsi Panchayat Road, 2nd Floor, Andheri (East), Mumbai, MH, IND, 400069
Harish Textile Engineers Ltd is engaged in the manufacturing of textile processing and finishing machinery, the production of non-woven fabrics, and the production of polyester staple fiber. Its segments include Textile Engineering, Non-Woven and PSF. It offers products such as Stenter, Rotary Printing, Jigger, Dyeing Padder, Coater, Scouring, Curing, Relax Dryer, fabrics for automotive interiors, shoe liners, and various other products. The company generates key revenue from the Non-Woven segment.

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