HINDUJA VENTURES Announces Quarterly Results (2QFY19); Net Profit Down 338.4%

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HINDUJA VENTURES Announces Quarterly Results (2QFY19); Net Profit Down 338.4%
Mon, 12 Nov

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

HINDUJA VENTURES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m536781161-79.5%-70.0%
Other incomeRs m000-75.0%-83.3%
TurnoverRs m536781161-79.5%-70.0%
ExpensesRs m25311,1733699.8%4675.7%
Gross profitRs m511750-1,013-235.0%-298.1%
DepreciationRs m335351.0%1068.1%
InterestRs m821660-100.0%-100.0%
Profit before taxRs m426549-1,048-290.7%-346.0%
TaxRs m130188-343-282.4%-363.2%
Profit after taxRs m295361-705-295.1%-338.4%
Gross profit margin%95.496.0-631.0
Effective tax rate%30.634.332.8
Net profit margin%55.146.2-438.9
* 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 70.0% on a year-on-year (YoY) basis. The expenses were up by 4675.7% YoY during the same period.
  • The company's operating profit declined by 298.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 631.0% in 2QFY19 as against 95.4% in 2QFY18.
  • Depreciation charges increased by 1068.1% and finance costs declined by 100.0% YoY, respectively.
  • Other income declined by 83.3% YoY during the quarter.
  • Net profit for the quarter declined by 338.4% YoY. Net profit margins during the quarter declined from 55.1% in 2QFY18 to -438.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 79.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3699.8% QoQ during the same period.
  • The company's operating profit declined by 235.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 631.0% in 2QFY19 as against 96.0% in 1QFY18.
  • Net profit for the quarter declined by 295.1% QoQ, while net profit margins declined from 46.2% in 1QFY18 to -438.9% in 2QFY19.

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 497.6 to Rs 421.6, registering a Loss of Rs 76.1 or around 15.3%.

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 421.6, the price to earnings (P/E) ratio of HINDUJA VENTURES stands at 23.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.8 times.

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For the quarter ended December 2018, HINDUJA VENTURES has posted a net profit of Rs 351 m (down 203.8% YoY). Sales on the other hand came in at Rs 102 m (down 84.3% YoY). Read on for a complete analysis of HINDUJA VENTURES's quarterly results.

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