HAVELLS IND Announces Quarterly Results (1QFY19); Net Profit Up 73.3%

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HAVELLS IND Announces Quarterly Results (1QFY19); Net Profit Up 73.3%
Wed, 25 Jul

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

HAVELLS IND Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m19,82225,34925,9632.4%31.0%
Other incomeRs m34825729213.5%-16.0%
TurnoverRs m20,17025,60626,2562.5%30.2%
ExpensesRs m18,09821,77222,8414.9%26.2%
Gross profitRs m1,7243,4873,123-10.4%81.1%
DepreciationRs m3363473500.9%4.3%
InterestRs m348426-69.5%-25.0%
Profit before taxRs m1,7033,3133,039-8.3%78.5%
TaxRs m4891,055935-11.4%91.2%
Profit after taxRs m1,2142,2582,104-6.8%73.3%
Gross profit margin%8.713.812.0
Effective tax rate%28.731.930.8
Net profit margin%6.08.88.0
* 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 31.0% on a year-on-year (YoY) basis. The expenses were up by 26.2% YoY during the same period.
  • The company's operating profit increased by 81.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.0% in 1QFY19 as against 8.7% in 1QFY18.
  • Depreciation charges and finance costs increased by 4.3% YoY and 25.0% YoY, respectively.
  • Other income declined by 16.0% YoY during the quarter.
  • Net profit for the quarter increased by 73.3% YoY. Net profit margins during the quarter increased from 6.0% in 1QFY18 to 8.0% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.9% QoQ during the same period.
  • The company's operating profit declined by 10.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.0% in 1QFY19 as against 13.8% in 4QFY18.
  • Net profit for the quarter declined by 6.8% QoQ, while net profit margins declined from 8.8% in 4QFY18 to 8.0% in 1QFY19.

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

HAVELLS IND Share Price Performance

Over the last one year, HAVELLS IND share price has moved up from Rs 457.6 to Rs 607.0, registering a Gain of Rs 149.4 or around 32.6%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 20,314.3 (down 0.9%). Over the last one year it has moved up from 16,191.2 to 20,314.3, a gain of 4,123 points (up 25.5%).

Overall, the S&P BSE SENSEX is up 0.1% over the year.

Current Valuations

At the current price of Rs 607.0, the price to earnings (P/E) ratio of HAVELLS IND stands at 47.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.2 times.

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