HAVELLS IND Announces Quarterly Results (1QFY20); Net Profit Down 17.3%

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HAVELLS IND Announces Quarterly Results (1QFY20); Net Profit Down 17.3%
Mon, 29 Jul

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

HAVELLS IND Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m25,96327,51927,120-1.4%4.5%
Other incomeRs m29231039728.3%35.9%
TurnoverRs m26,25627,82827,517-1.1%4.8%
ExpensesRs m22,84124,29024,3630.3%6.7%
Gross profitRs m3,1233,2292,757-14.6%-11.7%
DepreciationRs m35039146920.1%33.9%
InterestRs m266147-23.1%85.1%
Profit before taxRs m3,0393,0862,637-14.5%-13.2%
TaxRs m9351,018898-11.7%-3.9%
Profit after taxRs m2,1042,0681,739-15.9%-17.3%
Gross profit margin%12.011.710.2
Effective tax rate%30.833.034.1
Net profit margin%8.07.46.3
* 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 4.5% on a year-on-year (YoY) basis. The expenses were up by 6.7% YoY during the same period.
  • The company's operating profit declined by 11.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.2% in 1QFY20 as against 12.0% in 1QFY19.
  • Depreciation charges increased by 33.9% and finance costs increased by 85.1% YoY, respectively.
  • Other income increased by 35.9% YoY during the quarter.
  • Net profit for the quarter declined by 17.3% YoY. Net profit margins during the quarter declined from 8.0% in 1QFY19 to 6.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.3% QoQ during the same period.
  • The company's operating profit declined by 14.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.2% in 1QFY20 as against 11.7% in 4QFY19.
  • Net profit for the quarter declined by 15.9% QoQ, while net profit margins declined from 7.4% in 4QFY19 to 6.3% in 1QFY20.

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 624.0 to Rs 653.7, registering a Gain of Rs 29.8 or around 4.8%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 22,835.4 (down 0.5%). Over the last one year it has moved up from 20,630.1 to 22,835.4, a gain of 2,205 points (up 10.7%).

Overall, the S&P BSE SENSEX is up 2.2% over the year.

Current Valuations

At the current price of Rs 653.7, the price to earnings (P/E) ratio of HAVELLS IND stands at 54.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.9 times.

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HAVELLS IND Announces Quarterly Results (2QFY20); Net Profit Up 1.5% (Quarterly Result Update)

Nov 1, 2019 | Updated on Nov 1, 2019

For the quarter ended September 2019, HAVELLS IND has posted a net profit of Rs 2 bn (up 1.5% YoY). Sales on the other hand came in at Rs 22 bn (up 1.8% YoY). Read on for a complete analysis of HAVELLS IND's quarterly results.

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