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HINDUJA VENTURES Announces Quarterly Results (1QFY19); Net Profit Up 41.6%

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HINDUJA VENTURES Announces Quarterly Results (1QFY19); Net Profit Up 41.6%
Mon, 6 Aug

HINDUJA VENTURES has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

HINDUJA VENTURES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m5077357816.3%54.2%
Other incomeRs m000-42.9%-69.2%
TurnoverRs m5077357816.3%54.2%
ExpensesRs m276031-48.8%14.4%
Gross profitRs m48067475011.2%56.5%
DepreciationRs m33351080.3%1068.5%
InterestRs m869616673.5%92.5%
Profit before taxRs m390576549-4.6%40.7%
TaxRs m135207188-9.2%39.1%
Profit after taxRs m255368361-2.0%41.6%
Gross profit margin%94.791.896.0
Effective tax rate%34.736.034.3
Net profit margin%50.350.146.2
* 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 54.2% on a year-on-year (YoY) basis. The expenses were up by 14.4% YoY during the same period.
  • The company's operating profit increased by 56.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 96.0% in 1QFY19 as against 94.7% in 1QFY18.
  • Depreciation charges and finance costs increased by 1068.5% YoY and 92.5% YoY, respectively.
  • Other income declined by 69.2% YoY during the quarter.
  • Net profit for the quarter increased by 41.6% YoY. Net profit margins during the quarter declined from 50.3% in 1QFY18 to 46.2% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 48.8% QoQ during the same period.
  • The company's operating profit increased by 11.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 96.0% in 1QFY19 as against 91.8% in 4QFY18.
  • Net profit for the quarter declined by 2.0% QoQ, while net profit margins declined from 50.1% in 4QFY18 to 46.2% in 1QFY19.

To see how HINDUJA VENTURES has performed over the last eight quarters, please visit here.

HINDUJA VENTURES Share Price Performance

Over the last one year, HINDUJA VENTURES share price has moved up from Rs 453.8 to Rs 639.0, registering a Gain of Rs 185.3 or around 40.8%.

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

Current Valuations

At the current price of Rs 639.0, the price to earnings (P/E) ratio of HINDUJA VENTURES stands at 9.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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