HEG LTD Announces Quarterly Results (2QFY19); Net Profit Up 682.1%

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HEG LTD Announces Quarterly Results (2QFY19); Net Profit Up 682.1%
Tue, 6 Nov

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

HEG LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m4,09515,87417,93813.0%338.0%
Other incomeRs m2680204156.2%698.8%
TurnoverRs m4,12115,95318,14213.7%340.2%
ExpensesRs m2,1983,9944,2506.4%93.3%
Gross profitRs m1,89711,88013,68815.2%621.5%
DepreciationRs m1821761813.2%-0.4%
InterestRs m1291754209.8%-58.3%
Profit before taxRs m1,61111,76613,65716.1%747.5%
TaxRs m4754,0634,76817.3%904.1%
Profit after taxRs m1,1377,7038,88915.4%682.1%
Gross profit margin%46.374.876.3
Effective tax rate%29.534.534.9
Net profit margin%27.648.349.0
* 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 grew 338.0% on a year-on-year (YoY) basis. The expenses were up by 93.3% YoY during the same period.
  • The company's operating profit increased by 621.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 76.3% in 2QFY19 as against 46.3% in 2QFY18.
  • Depreciation charges declined by 0.4% and finance costs declined by 58.3% YoY, respectively.
  • Other income increased by 698.8% YoY during the quarter.
  • Net profit for the quarter increased by 682.1% YoY. Net profit margins during the quarter increased from 27.6% in 2QFY18 to 49.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 13.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.4% QoQ during the same period.
  • The company's operating profit increased by 15.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 76.3% in 2QFY19 as against 74.8% in 1QFY18.
  • Net profit for the quarter increased by 15.4% QoQ, while net profit margins increased from 48.3% in 1QFY18 to 49.0% in 2QFY19.

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 1,932.8 to Rs 4,189.2, registering a Gain of Rs 2,256.4 or around 116.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,086.9 (up 0.2%). Over the last one year it has moved down from 18,531.6 to 18,086.9, a gain of 445 points (down 2.4%).

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 4,189.2, the price to earnings (P/E) ratio of HEG LTD stands at 7.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.7 times.

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