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HEG LTD Announces Quarterly Results (1QFY19); Net Profit Down 9237.6%

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HEG LTD Announces Quarterly Results (1QFY19); Net Profit Down 9237.6%
Mon, 6 Aug

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

HEG LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m2,13712,92515,87422.8%642.8%
Other incomeRs m73880109.8%1004.2%
TurnoverRs m2,14412,96215,95323.1%644.0%
ExpensesRs m1,9033,4153,99417.0%109.9%
Gross profitRs m2349,51011,88024.9%4979.0%
DepreciationRs m178177176-0.7%-1.2%
InterestRs m13217917-90.3%-86.8%
Profit before taxRs m-689,19211,76628.0%
TaxRs m162,8524,06342.5%25295.0%
Profit after taxRs m-846,3407,70321.5%
Gross profit margin%10.973.674.8
Effective tax rate%-23.431.034.5
Net profit margin%-3.948.948.3
* 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 642.8% on a year-on-year (YoY) basis. The expenses were up by 109.9% YoY during the same period.
  • The company's operating profit increased by 4979.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 74.8% in 1QFY19 as against 10.9% in 1QFY18.
  • Depreciation charges and finance costs declined by 1.2% YoY and 86.8% YoY, respectively.
  • Other income increased by 1004.2% YoY during the quarter.
  • Net profit for the quarter declined by 9237.6% YoY. Net profit margins during the quarter increased from -3.9% in 1QFY18 to 48.3% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 22.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 17.0% QoQ during the same period.
  • The company's operating profit increased by 24.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 74.8% in 1QFY19 as against 73.6% in 4QFY18.
  • Net profit for the quarter increased by 21.5% QoQ, while net profit margins declined from 48.9% in 4QFY18 to 48.3% in 1QFY19.

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

HEG LTD Share Price Performance

Over the last one year, HEG LTD share price has moved up from Rs 475.7 to Rs 4,255.9, registering a Gain of Rs 3,780.2 or around 794.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,331.3 (up 0.1%). Over the last one year it has moved up from 17,723.8 to 18,331.3, a gain of 607 points (up 3.4%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 4,255.9, the price to earnings (P/E) ratio of HEG LTD stands at 10.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.9 times.

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