HINDUJA VENTURES Announces Quarterly Results (3QFY19); Net Profit Down 203.8%

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HINDUJA VENTURES Announces Quarterly Results (3QFY19); Net Profit Down 203.8%
Tue, 12 Feb

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

HINDUJA VENTURES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m649161102-36.7%-84.3%
Other incomeRs m000-100.0%0.0%
TurnoverRs m649161102-36.7%-84.3%
ExpensesRs m421,173434-63.0%935.9%
Gross profitRs m607-1,013-333-154.8%
DepreciationRs m335350.0%1068.4%
InterestRs m8701560.0%79.2%
Profit before taxRs m517-1,048-524-201.3%
TaxRs m179-343-173-196.4%
Profit after taxRs m338-705-351-203.8%
Gross profit margin%93.5-631.0-327.4
Effective tax rate%34.732.833.1
Net profit margin%52.0-438.9-345.0
* 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 fell 84.3% on a year-on-year (YoY) basis. The expenses were up by 935.9% YoY during the same period.
  • The company's operating profit declined by 154.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 327.4% in 3QFY19 as against 93.5% in 3QFY18.
  • Depreciation charges increased by 1068.4% and finance costs increased by 79.2% YoY, respectively.
  • Other income increased by 0.0% YoY during the quarter.
  • Net profit for the quarter declined by 203.8% YoY. Net profit margins during the quarter declined from 52.0% in 3QFY18 to -345.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 36.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 63.0% QoQ during the same period.
  • The company's operating profit increased by 67.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 327.4% in 3QFY19 as against 631.0% in 2QFY18.
  • Net profit for the quarter increased by 50.3% QoQ, while net profit margins increased from -437.9% in 2QFY18 to -345.0% in 3QFY19.

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 843.3 to Rs 340.0, registering a Loss of Rs 503.3 or around 59.7%.

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

Current Valuations

At the current price of Rs 340.0, the price to book value (P/BV) ratio of HINDUJA VENTURES stands at 3.9 times.

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