HEG Announces Quarterly Results (4QFY19); Net Profit Down 17.3%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

HEG Announces Quarterly Results (4QFY19); Net Profit Down 17.3%
Wed, 22 May

HEG has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

HEG Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m12,92518,65013,467-27.8%4.2%
Other incomeRs m3837242313.7%1015.6%
TurnoverRs m12,96219,02213,889-27.0%7.2%
ExpensesRs m3,4155,5155,5871.3%63.6%
Gross profitRs m9,51013,1357,880-40.0%-17.1%
DepreciationRs m177185182-1.7%2.9%
InterestRs m179365964.1%-67.3%
Profit before taxRs m9,19213,2868,062-39.3%-12.3%
TaxRs m2,8524,6182,818-39.0%-1.2%
Profit after taxRs m6,3408,6685,244-39.5%-17.3%
Gross profit margin%73.670.458.5
Effective tax rate%31.034.835.0
Net profit margin%48.945.637.8
* 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 4.2% on a year-on-year (YoY) basis. The expenses were up by 63.6% YoY during the same period.
  • The company's operating profit declined by 17.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 58.5% in 4QFY19 as against 73.6% in 4QFY18.
  • Depreciation charges increased by 2.9% and finance costs declined by 67.3% YoY, respectively.
  • Other income increased by 1015.6% YoY during the quarter.
  • Net profit for the quarter declined by 17.3% YoY. Net profit margins during the quarter declined from 48.9% in 4QFY18 to 37.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 27.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.3% QoQ during the same period.
  • The company's operating profit declined by 40.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 58.5% in 4QFY19 as against 70.4% in 3QFY18.
  • Net profit for the quarter declined by 39.5% QoQ, while net profit margins declined from 45.6% in 3QFY18 to 37.8% in 4QFY19.

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

HEG Share Price Performance

Over the last one year, HEG share price has moved up from Rs 3,439.7 to Rs 1,652.0, registering a Loss of Rs 1,787.7 or around 52.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,637.4 (up 0.1%). Over the last one year it has moved up from 18,420.3 to 18,637.4, a gain of 217 points (up 1.2%).

Overall, the S&P BSE SENSEX is up 13.1% over the year.

Current Valuations

At the current price of Rs 1,652.0, the price to earnings (P/E) ratio of HEG stands at 2.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

Equitymaster requests your view! Post a comment on "HEG Announces Quarterly Results (4QFY19); Net Profit Down 17.3%". Click here!

  

Related Views on News

HEG Announces Quarterly Results (1QFY20); Net Profit Down 69.6% (Quarterly Result Update)

Aug 21, 2019 | Updated on Aug 21, 2019

For the quarter ended June 2019, HEG has posted a net profit of Rs 2 bn (down 69.6% YoY). Sales on the other hand came in at Rs 8 bn (down 48.6% YoY). Read on for a complete analysis of HEG's quarterly results.

HEG 2018-19 Annual Report Analysis (Annual Result Update)

Jul 31, 2019 | Updated on Jul 31, 2019

Here's an analysis of the annual report of HEG for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of HEG. Also includes updates on the valuation of HEG.

HEG LTD Announces Quarterly Results (3QFY19); Net Profit Up 153.4% (Quarterly Result Update)

Feb 14, 2019 | Updated on Feb 14, 2019

For the quarter ended December 2018, HEG LTD has posted a net profit of Rs 9 bn (up 153.4% YoY). Sales on the other hand came in at Rs 19 bn (up 121.3% YoY). Read on for a complete analysis of HEG LTD's quarterly results.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

H.G Infra Engineering Ltd. (IPO)

Feb 24, 2018

Should you subscribe to the IPO of H.G Infra Engineering Ltd.?

More Views on News

Most Popular

My Latest Stock Recommendation(Fast Profits Daily)

Jan 10, 2020

The story behind my latest stock recommendation and an important announcement.

Saffron Curtain = Hindutva Rate of Growth?(The Honest Truth)

Jan 8, 2020

Will the Indian economy revert to a sub-3% growth rate?

Your Safe Income Options for 2020(Fast Profits Daily)

Jan 9, 2020

What are you safest investing options in 2020 when interest rates fall.

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

HEG SHARE PRICE


Jan 20, 2020 (Close)

TRACK HEG

HEG - SRF LTD COMPARISON

COMPARE HEG WITH

MARKET STATS