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Hughes Software's impressive 2Q performance - Views on News from Equitymaster
 
 
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  • Oct 20, 2000

    Hughes Software's impressive 2Q performance

    Hughes Software has reported an impressive 42% quarter on quarter growth in profits in 2QFY01. The company's operating margins also improved to 33.4% (from 31.2% in 1QFY01).

    (Rs m) 1QFY01 2QFY01 Change
    Sales 358 444 24.0%
    Other Income 26 33 27.5%
    Expenditure 246 296 20.1%
    Operating Profit (EBDIT) 112 148 32.7%
    Operating Profit Margin (%) 31.2% 33.4%  
    Interest - -  
    Depreciation 34 35 3.3%
    Profit before Tax 104 146 40.9%
    Other Adjustments - 3  
    Tax 11 12 12.7%
    Profit after Tax/(Loss) 93 131 41.6%
    Net profit margin (%) 25.9% 29.6%  
    No. of Shares (eoy) (m) 16.7 16.7  
    Diluted number of shares 16.7 16.7  
    Diluted Earnings per share* 22.3 31.5  
    *(annualised)      

    During the quarter the company's product business contributed 29% to total revnues which has led to higher operating margins. HNS Services contribute 37% and the balance 34% from other services.

    At the current market price of Rs 1,147 Hughes Software is trading at a P/E of 36 times its 2QFY01 annualised earnings.

     

     

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