HAVELLS IND Announces Quarterly Results (3QFY20); Net Profit Up 2.4%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

HAVELLS IND Announces Quarterly Results (3QFY20); Net Profit Up 2.4%
Wed, 22 Jan

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

HAVELLS IND Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m25,18422,30322,6991.8%-9.9%
Other incomeRs m331292240-17.9%-27.4%
TurnoverRs m25,51522,59622,9391.5%-10.1%
ExpensesRs m22,23919,96320,0250.3%-10.0%
Gross profitRs m2,9462,3412,67314.2%-9.2%
DepreciationRs m3535315523.9%56.3%
InterestRs m3651532.3%47.8%
Profit before taxRs m2,8882,0512,30912.6%-20.0%
TaxRs m93123730528.8%-67.2%
Profit after taxRs m1,9571,8142,00410.5%2.4%
Gross profit margin%11.710.511.8
Effective tax rate%32.211.613.2
Net profit margin%7.78.08.7
* 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 9.9% on a year-on-year (YoY) basis. The expenses were down by 10.0% YoY during the same period.
  • The company's operating profit declined by 9.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 11.8% in 3QFY20.
  • Depreciation charges increased by 56.3% and finance costs increased by 47.8% YoY, respectively.
  • Other income declined by 27.4% YoY during the quarter.
  • Net profit for the quarter increased by 2.4% YoY. Net profit margins during the quarter increased from 7.7% in 3QFY19 to 8.7% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.3% QoQ during the same period.
  • The company's operating profit increased by 14.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.8% in 3QFY20 as against 10.5% in 2QFY19.
  • Net profit for the quarter increased by 10.5% QoQ, while net profit margins increased from 8.0% in 2QFY19 to 8.7% in 3QFY20.

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

The Instant Income Summit: Free Registration

HAVELLS IND Share Price Performance

Over the last one year,HAVELLS IND share price has moved down from Rs 711.4 to Rs 615.2, registering a Loss of Rs 96.3 or around 13.5%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 25,689.9 (up 0.1%). Over the last one year it has moved up from 21,151.6 to 25,689.9, a gain of 4,538 points (up 21.5%).

Overall, the S&P BSE SENSEX is up 12.8% over the year.

Current Valuations

At the current price of Rs 615.2, the price to earnings (P/E) ratio of HAVELLS IND stands at 50.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.1 times.

Equitymaster requests your view! Post a comment on "HAVELLS IND Announces Quarterly Results (3QFY20); Net Profit Up 2.4%". Click here!

  

Related Views on News

HAVELLS IND Announces Quarterly Results (4QFY20); Net Profit Down 14.3% (Quarterly Result Update)

May 14, 2020 | Updated on May 14, 2020

For the quarter ended March 2020, HAVELLS IND has posted a net profit of Rs 2 bn (down 14.3% YoY). Sales on the other hand came in at Rs 22 bn (down 19.5% YoY). Read on for a complete analysis of HAVELLS IND's quarterly results.

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.

HAVELLS IND 2018-19 Annual Report Analysis (Annual Result Update)

Sep 30, 2019 | Updated on Sep 30, 2019

Here's an analysis of the annual report of HAVELLS IND for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of HAVELLS IND. Also includes updates on the valuation of HAVELLS IND.

HAVELLS IND 2017-18 Annual Report Analysis (Annual Result Update)

Aug 21, 2018 | Updated on Aug 21, 2018

Here's an analysis of the annual report of HAVELLS IND for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of HAVELLS IND. Also includes updates on the valuation of HAVELLS IND.

More Views on News

Most Popular

How to Find the Best Stocks for Day Trading - 1(Fast Profits Daily)

Jul 2, 2020

In the first of two videos, I'll show you how to identify the best stocks for intraday trading.

Be Prepared to Profit from the Coming Crash in Oil Prices(Fast Profits Daily)

Jun 25, 2020

The stability in crude oil prices will not last much longer. Be ready to make fast profits when the time comes to short crude.

Two Agri Stocks Are Likely to Outperform Even in this Market(Profit Hunter)

Jul 2, 2020

Why we have recommended two agriculture stocks for our Hidden Treasure subscribers. Read on...

Tata Motors Tripled in 18 Months but You Can Do Even Better. Here's How...(Profit Hunter)

Jun 24, 2020

Rahul is ready for a repeat of his famous 2008 Tata Motors call.

More

India's #1 Trader
Reveals His Secrets

The Secret to Increasing Your Trading Profits Today
Get this Special Report, The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

HAVELLS IND SHARE PRICE


Jul 7, 2020 (Close)

TRACK HAVELLS IND

  • Track your investment in HAVELLS IND with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

HAVELLS IND - MANUGRAPH INDIA COMPARISON

COMPARE HAVELLS IND WITH

MARKET STATS