HERCULES HOISTS Announces Quarterly Results (4QFY19); Net Profit Down 12.8%

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HERCULES HOISTS Announces Quarterly Results (4QFY19); Net Profit Down 12.8%
Thu, 30 May

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

HERCULES HOISTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2482532634.1%6.3%
Other incomeRs m2622234.9%-9.4%
TurnoverRs m2742752874.2%4.8%
ExpensesRs m2362262479.4%4.6%
Gross profitRs m122717-39.7%40.3%
DepreciationRs m787-2.9%-0.1%
InterestRs m0000.0%-100.0%
Profit before taxRs m304233-22.7%8.4%
TaxRs m1117-36.1%716.1%
Profit after taxRs m293125-17.9%-12.8%
Gross profit margin%4.810.86.3
Effective tax rate%2.926.421.8
Net profit margin%10.611.28.9
* 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 6.3% on a year-on-year (YoY) basis. The expenses were up by 4.6% YoY during the same period.
  • The company's operating profit increased by 40.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.3% in 4QFY19 as against 4.8% in 4QFY18.
  • Depreciation charges declined by 0.1% and finance costs declined by 100.0% YoY, respectively.
  • Other income declined by 9.4% YoY during the quarter.
  • Net profit for the quarter declined by 12.8% YoY. Net profit margins during the quarter declined from 10.6% in 4QFY18 to 8.9% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.4% QoQ during the same period.
  • The company's operating profit declined by 39.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.3% in 4QFY19 as against 10.8% in 3QFY18.
  • Net profit for the quarter declined by 17.9% QoQ, while net profit margins declined from 11.3% in 3QFY18 to 8.9% in 4QFY19.

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 128.0 to Rs 107.2, registering a Loss of Rs 20.8 or around 16.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 19,954.5 (up 0.2%). Over the last one year it has moved up from 18,940.8 to 19,954.5, a gain of 1,014 points (up 5.4%).

Overall, the S&P BSE SENSEX is up 13.6% over the year.

Current Valuations

At the current price of Rs 107.2, the price to earnings (P/E) ratio of HERCULES HOISTS stands at 26.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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