HINDALCO Announces Quarterly Results (1QFY20); Net Profit Down 94.5%

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HINDALCO Announces Quarterly Results (1QFY20); Net Profit Down 94.5%
Tue, 13 Aug

HINDALCO has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

HINDALCO Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m105,932123,727100,547-18.7%-5.1%
Other incomeRs m1,0553,6062,014-44.2%90.9%
TurnoverRs m106,987127,332102,560-19.5%-4.1%
ExpensesRs m92,679114,70393,372-18.6%0.7%
Gross profitRs m13,2539,0246,956-22.9%-47.5%
DepreciationRs m4,0434,5974,180-9.1%3.4%
InterestRs m4,1084,1434,4447.2%8.2%
Profit before taxRs m6,1573,890347-91.1%-94.4%
TaxRs m2,0221,531121-92.1%-94.0%
Profit after taxRs m4,1352,358226-90.4%-94.5%
Gross profit margin%12.57.36.9
Effective tax rate%32.839.434.9
Net profit margin%3.91.90.2
* 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 fell 5.1% on a year-on-year (YoY) basis. The expenses were up by 0.7% YoY during the same period.
  • The company's operating profit declined by 47.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.9% in 1QFY20 as against 12.5% in 1QFY19.
  • Depreciation charges increased by 3.4% and finance costs increased by 8.2% YoY, respectively.
  • Other income increased by 90.9% YoY during the quarter.
  • Net profit for the quarter declined by 94.5% YoY. Net profit margins during the quarter declined from 3.9% in 1QFY19 to 0.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 18.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.6% QoQ during the same period.
  • The company's operating profit declined by 22.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.9% in 1QFY20 as against 7.3% in 4QFY19.
  • Net profit for the quarter declined by 90.4% QoQ, while net profit margins declined from 1.9% in 4QFY19 to 0.2% in 1QFY20.

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 down from Rs 221.3 to Rs 176.2, registering a Loss of Rs 45.1 or around 20.4%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 8,914.0 (up 0.2%). Over the last one year it has moved down from 12,915.6 to 8,914.0, a gain of 4,002 points (down 31.0%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 176.2, the price to earnings (P/E) ratio of HINDALCO stands at 44.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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