HINDUJA VENTURES Announces Quarterly Results (4QFY18); Net Profit Up 153.9%

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HINDUJA VENTURES Announces Quarterly Results (4QFY18); Net Profit Up 153.9%
Fri, 20 Jul

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

HINDUJA VENTURES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m29464973513.2%150.2%
Other incomeRs m1000.0%-94.1%
TurnoverRs m29564973513.3%149.2%
ExpensesRs m130426043.8%-53.7%
Gross profitRs m25760767411.1%162.4%
DepreciationRs m333-2.0%0.7%
InterestRs m94879610.2%2.3%
Profit before taxRs m16251757611.4%256.2%
TaxRs m1717920715.6%1153.9%
Profit after taxRs m1453383689.2%153.9%
Gross profit margin%87.593.591.8
Effective tax rate%10.234.736.0
Net profit margin%49.252.050.1
* 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 150.2% on a year-on-year (YoY) basis. The expenses were down by 53.7% YoY during the same period.
  • The company's operating profit increased by 162.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 91.8% in 4QFY18 as against 87.5% in 4QFY17.
  • Depreciation charges and finance costs increased by 0.7% YoY and 2.3% YoY, respectively.
  • Other income declined by 94.1% YoY during the quarter.
  • Net profit for the quarter increased by 153.9% YoY. Net profit margins during the quarter increased from 49.2% in 4QFY17 to 50.1% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 13.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 43.8% QoQ during the same period.
  • The company's operating profit declined by 11.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 91.8% in 4QFY18 as against 93.5% in 3QFY17.
  • Net profit for the quarter increased by 9.2% QoQ, while net profit margins declined from 52.1% in 3QFY17 to 50.1% in 4QFY18.

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 474.6 to Rs 543.8, registering a Gain of Rs 69.2 or around 14.6%.

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

Current Valuations

At the current price of Rs 543.8, the price to earnings (P/E) ratio of HINDUJA VENTURES stands at 8.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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