HINDALCO Announces Quarterly Results (1QFY19); Net Profit Up 5.0%

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HINDALCO Announces Quarterly Results (1QFY19); Net Profit Up 5.0%
Mon, 13 Aug

HINDALCO has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

HINDALCO Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m104,070116,811105,932-9.3%1.8%
Other incomeRs m2,5632,0491,055-48.5%-58.9%
TurnoverRs m106,634118,860106,987-10.0%0.3%
ExpensesRs m92,593104,23592,679-11.1%0.1%
Gross profitRs m11,47712,57613,2535.4%15.5%
DepreciationRs m3,7924,5984,043-12.1%6.6%
InterestRs m4,8784,4644,108-8.0%-15.8%
Profit before taxRs m5,3715,5636,15710.7%14.6%
TaxRs m1,4311,7942,02212.7%41.2%
Profit after taxRs m3,9403,7704,1359.7%5.0%
Gross profit margin%11.010.812.5
Effective tax rate%26.632.232.8
Net profit margin%3.73.23.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 1.8% on a year-on-year (YoY) basis. The expenses were up by 0.1% YoY during the same period.
  • The company's operating profit increased by 15.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.5% in 1QFY19 as against 11.0% in 1QFY18.
  • Depreciation charges and finance costs increased by 6.6% YoY and 15.8% YoY, respectively.
  • Other income declined by 58.9% YoY during the quarter.
  • Net profit for the quarter increased by 5.0% YoY. Net profit margins during the quarter increased from 3.7% in 1QFY18 to 3.9% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.1% QoQ during the same period.
  • The company's operating profit increased by 5.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.5% in 1QFY19 as against 10.8% in 4QFY18.
  • Net profit for the quarter increased by 9.7% QoQ, while net profit margins increased from 3.2% in 4QFY18 to 3.9% in 1QFY19.

To see how HINDALCO has performed over the last eight quarters, please visit here.

HINDALCO Share Price Performance

Over the last one year, HINDALCO share price has moved up from Rs 220.8 to Rs 221.8, registering a Gain of Rs 1.0 or around 0.4%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,943.3 (down 0.6%). Over the last one year it has moved up from 12,279.9 to 12,943.3, a gain of 663 points (up 5.4%).

Overall, the S&P BSE SENSEX is up 19.5% over the year.

Current Valuations

At the current price of Rs 221.8, the price to earnings (P/E) ratio of HINDALCO stands at 27.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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