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HAVELLS IND Announces Quarterly Results (4QFY18); Net Profit Up 138.4%

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HAVELLS IND Announces Quarterly Results (4QFY18); Net Profit Up 138.4%
Fri, 20 Jul

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

HAVELLS IND Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m18,31519,65825,34929.0%38.4%
Other incomeRs m419278257-7.3%-38.6%
TurnoverRs m18,73419,93525,60628.4%36.7%
ExpensesRs m16,09017,03621,77227.8%35.3%
Gross profitRs m1,5292,8323,48723.1%128.1%
DepreciationRs m308363347-4.3%12.9%
InterestRs m71558452.3%17.7%
Profit before taxRs m1,5692,6923,31323.1%111.1%
TaxRs m6227481,05541.1%69.6%
Profit after taxRs m9471,9442,25816.2%138.4%
Gross profit margin%8.314.413.8
Effective tax rate%39.627.831.9
Net profit margin%5.19.78.8
* 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 38.4% on a year-on-year (YoY) basis. The expenses were up by 35.3% YoY during the same period.
  • The company's operating profit increased by 128.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.8% in 4QFY18 as against 8.3% in 4QFY17.
  • Depreciation charges and finance costs increased by 12.9% YoY and 17.7% YoY, respectively.
  • Other income declined by 38.6% YoY during the quarter.
  • Net profit for the quarter increased by 138.4% YoY. Net profit margins during the quarter increased from 5.1% in 4QFY17 to 8.8% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 29.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 27.8% QoQ during the same period.
  • The company's operating profit declined by 23.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.8% in 4QFY18 as against 14.4% in 3QFY17.
  • Net profit for the quarter increased by 16.2% QoQ, while net profit margins declined from 9.8% in 3QFY17 to 8.8% in 4QFY18.

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 463.4 to Rs 568.2, registering a Gain of Rs 104.9 or around 22.6%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 19,938.9 (up 0.5%). Over the last one year it has moved up from 15,908.4 to 19,938.9, a gain of 4,030.5 points (up 25.3%).

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 568.2, the price to earnings (P/E) ratio of HAVELLS IND stands at 49.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.5 times.

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