HAWKINS COOKERS Announces Quarterly Results (2QFY20); Net Profit Up 53.4%

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HAWKINS COOKERS Announces Quarterly Results (2QFY20); Net Profit Up 53.4%
Mon, 4 Nov

HAWKINS COOKERS has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

HAWKINS COOKERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m1,7271,4211,92635.5%11.5%
Other incomeRs m1187-5.2%-36.0%
TurnoverRs m1,7381,4291,93335.3%11.2%
ExpensesRs m1,4511,2001,56830.7%8.1%
Gross profitRs m27622135861.8%29.6%
DepreciationRs m1011113.7%12.0%
InterestRs m1091226.1%18.4%
Profit before taxRs m26820934263.9%27.9%
TaxRs m9272730.8%-20.9%
Profit after taxRs m17613727097.0%53.4%
Gross profit margin%16.015.618.6
Effective tax rate%34.334.421.2
Net profit margin%10.19.614.0
* 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 11.5% on a year-on-year (YoY) basis. The expenses were up by 8.1% YoY during the same period.
  • The company's operating profit increased by 29.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.6% in 2QFY20 as against 16.0% in 2QFY19.
  • Depreciation charges increased by 12.0% and finance costs increased by 18.4% YoY, respectively.
  • Other income declined by 36.0% YoY during the quarter.
  • Net profit for the quarter increased by 53.4% YoY. Net profit margins during the quarter increased from 10.1% in 2QFY19 to 14.0% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 35.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 30.7% QoQ during the same period.
  • The company's operating profit increased by 61.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.6% in 2QFY20 as against 15.6% in 1QFY19.
  • Net profit for the quarter increased by 97.0% QoQ, while net profit margins increased from 9.6% in 1QFY19 to 14.0% in 2QFY20.

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

DISCOVER: How to Potentially Multiply Your Returns by Upto 5x...

HAWKINS COOKERS Share Price Performance

Over the last one year,HAWKINS COOKERS share price has moved up from Rs 2,946.2 to Rs 3,917.0, registering a Gain of Rs 970.9 or around 33.0%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 26,540.0 (down 0.2%). Over the last one year it has moved up from 19,698.7 to 26,540.0, a gain of 6,841 points (up 34.7%).

Overall, the S&P BSE SENSEX is up 17.2% over the year.

Current Valuations

At the current price of Rs 3,917.0, the price to earnings (P/E) ratio of HAWKINS COOKERS stands at 31.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 17.5 times.

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