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HERCULES HOISTS Announces Quarterly Results (3QFY19); Net Profit Up 68.7%

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HERCULES HOISTS Announces Quarterly Results (3QFY19); Net Profit Up 68.7%
Mon, 11 Feb

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

HERCULES HOISTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m183299253-15.5%38.3%
Other incomeRs m124022-44.8%86.6%
TurnoverRs m195340275-18.9%41.2%
ExpensesRs m171261226-13.4%32.1%
Gross profitRs m153927-29.3%77.4%
DepreciationRs m788-0.7%2.4%
InterestRs m0000.0%-100.0%
Profit before taxRs m207142-41.1%113.1%
TaxRs m11311-11.5%699.3%
Profit after taxRs m185931-47.5%68.7%
Gross profit margin%8.413.010.8
Effective tax rate%7.017.626.4
Net profit margin%9.417.311.2
* 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 38.3% on a year-on-year (YoY) basis. The expenses were up by 32.1% YoY during the same period.
  • The company's operating profit increased by 77.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.8% in 3QFY19 as against 8.4% in 3QFY18.
  • Depreciation charges increased by 2.4% and finance costs declined by 100.0% YoY, respectively.
  • Other income increased by 86.6% YoY during the quarter.
  • Net profit for the quarter increased by 68.7% YoY. Net profit margins during the quarter increased from 9.4% in 3QFY18 to 11.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.4% QoQ during the same period.
  • The company's operating profit declined by 29.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.8% in 3QFY19 as against 13.0% in 2QFY18.
  • Net profit for the quarter declined by 47.5% QoQ, while net profit margins declined from 17.4% in 2QFY18 to 11.2% in 3QFY19.

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

HERCULES HOISTS Share Price Performance

Over the last one year, HERCULES HOISTS share price has moved up from Rs 136.5 to Rs 99.3, registering a Loss of Rs 37.2 or around 27.3%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,409.9 (down 2.6%). Over the last one year it has moved down from 19,240.4 to 16,409.9, a gain of 2,831 points (down 14.7%).

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 99.3, the price to earnings (P/E) ratio of HERCULES HOISTS stands at 24.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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