HIND. CONSTRUCTION Announces Quarterly Results (3QFY19); Net Profit Down 68.3%

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  • HIND. CONSTRUCTION Announces Quarterly Results (3QFY19); Net Profit Down 68.3%

HIND. CONSTRUCTION Announces Quarterly Results (3QFY19); Net Profit Down 68.3%
Tue, 12 Feb

HIND. CONSTRUCTION has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

HIND. CONSTRUCTION Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m12,3099,83711,01812.0%-10.5%
Other incomeRs m621108241124.4%-61.1%
TurnoverRs m12,9309,94411,25913.2%-12.9%
ExpensesRs m10,6697,9359,02413.7%-15.4%
Gross profitRs m1,64021,9001,994-90.9%21.6%
DepreciationRs m294399337-15.6%14.6%
InterestRs m1,5081,5541,73311.6%14.9%
Profit before taxRs m46020,055166-99.2%-63.9%
TaxRs m146-4,80367-54.4%
Profit after taxRs m31324,85899-99.6%-68.3%
Gross profit margin%13.3222.618.1
Effective tax rate%31.9-23.940.2
Net profit margin%2.4250.00.9
* 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 10.5% on a year-on-year (YoY) basis. The expenses were down by 15.4% YoY during the same period.
  • The company's operating profit increased by 21.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.1% in 3QFY19 as against 13.3% in 3QFY18.
  • Depreciation charges increased by 14.6% and finance costs increased by 14.9% YoY, respectively.
  • Other income declined by 61.1% YoY during the quarter.
  • Net profit for the quarter declined by 68.3% YoY. Net profit margins during the quarter declined from 2.4% in 3QFY18 to 0.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 13.7% QoQ during the same period.
  • The company's operating profit declined by 90.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.1% in 3QFY19 as against 222.6% in 2QFY18.
  • Net profit for the quarter declined by 99.6% QoQ, while net profit margins declined from 250.0% in 2QFY18 to 0.9% in 3QFY19.

To see how HIND. CONSTRUCTION has performed over the last eight quarters, please visit here.

HIND. CONSTRUCTION Share Price Performance

Over the last one year, HIND. CONSTRUCTION share price has moved up from Rs 36.1 to Rs 11.6, registering a Loss of Rs 24.5 or around 67.9%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,748.7 (down 0.2%). Over the last one year it has moved down from 2,518.0 to 1,748.7, a gain of 769 points (down 30.6%).

Overall, the S&P BSE SENSEX is up 6.1% over the year.

Current Valuations

At the current price of Rs 11.6, the price to earnings (P/E) ratio of HIND. CONSTRUCTION stands at 0.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -0.8 times.

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