HAWKINS COOKERS Announces Quarterly Results (1QFY21); Net Profit Down 53.0%

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HAWKINS COOKERS Announces Quarterly Results (1QFY21); Net Profit Down 53.0%
Mon, 10 Aug

HAWKINS COOKERS has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

HAWKINS COOKERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m1,4211,4601,008-30.9%-29.1%
Other incomeRs m8887.7%5.2%
TurnoverRs m1,4291,4671,016-30.7%-28.9%
ExpensesRs m1,2001,314908-30.9%-24.3%
Gross profitRs m221146100-31.4%-54.9%
DepreciationRs m111312-6.3%14.8%
InterestRs m9101435.0%48.9%
Profit before taxRs m20913082-36.9%-60.8%
TaxRs m723617-51.7%-75.8%
Profit after taxRs m1379464-31.2%-53.0%
Gross profit margin%15.610.09.9
Effective tax rate%34.427.821.3
Net profit margin%9.66.46.3
* 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 fell 29.1% on a year-on-year (YoY) basis. The expenses were down by 24.3% YoY during the same period.
  • The company's operating profit declined by 54.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.9% in 1QFY21 as against 15.6% in 1QFY20.
  • Depreciation charges increased by 14.8% and finance costs increased by 48.9% YoY, respectively.
  • Other income increased by 5.2% YoY during the quarter.
  • Net profit for the quarter declined by 53.0% YoY. Net profit margins during the quarter declined from 9.6% in 1QFY20 to 6.3% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 30.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 30.9% QoQ during the same period.
  • The company's operating profit declined by 31.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.9% in 1QFY21 as against 10.0% in 4QFY20.
  • Net profit for the quarter declined by 31.2% QoQ, while net profit margins declined from 6.4% in 4QFY20 to 6.3% in 1QFY21.

To see how HAWKINS COOKERS has performed over the last eight quarters,please visit here.

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HAWKINS COOKERS Share Price Performance

Over the last one year,HAWKINS COOKERS share price has moved up from Rs 2,796.2 to Rs 4,757.0, registering a Gain of Rs 1,960.8 or around 70.1%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 22,143.2 (up 0.3%). Over the last one year it has moved down from 22,711.5 to 22,143.2, a gain of 568 points (down 2.5%).

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 4,757.0, the price to earnings (P/E) ratio of HAWKINS COOKERS stands at 38.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 21.2 times.

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