HFCL Announces Quarterly Results (1QFY22); Net Profit Up 326.1%

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HFCL Announces Quarterly Results (1QFY22); Net Profit Up 326.1%
Thu, 22 Jul

HFCL has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

HFCL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m6,99813,91412,069-13.3%72.5%
Other incomeRs m436553-18.2%23.0%
TurnoverRs m7,04113,97912,122-13.3%72.2%
ExpensesRs m6,21112,10110,206-15.7%64.3%
Gross profitRs m7811,8131,8632.7%138.4%
DepreciationRs m161184178-3.4%10.3%
InterestRs m372511495-3.2%33.2%
Profit before taxRs m2921,1821,2435.1%326.1%
TaxRs m783183345.0%326.1%
Profit after taxRs m2138659095.2%326.1%
Gross profit margin%11.213.015.4
Effective tax rate%26.826.926.8
Net profit margin%3.06.27.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 72.5% on a year-on-year (YoY) basis. The expenses were up by 64.3% YoY during the same period.
  • The company's operating profit increased by 138.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.4% in 1QFY22 as against 11.2% in 1QFY21.
  • Depreciation charges increased by 10.3% and finance costs increased by 33.2% YoY, respectively.
  • Other income increased by 23.0% YoY during the quarter.
  • Net profit for the quarter increased by 326.1% YoY. Net profit margins during the quarter increased from 3.0% in 1QFY21 to 7.5% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 13.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.7% QoQ during the same period.
  • The company's operating profit increased by 2.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.4% in 1QFY22 as against 13.0% in 4QFY21.
  • Net profit for the quarter increased by 5.2% QoQ, while net profit margins increased from 6.2% in 4QFY21 to 7.5% in 1QFY22.

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

REVEALED: "Super Smallcaps" You Didn't Know About

HFCL Share Price Performance

Over the last one year, HFCL share price has moved up from Rs 12.9 to Rs 77.0, registering a Gain of Rs 64.2 or around 499.2%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 13,305.4 (up 2.0%). Over the last one year it has moved up from 8,506.8 to 13,305.4, a gain of 4,799 points (up 56.4%).

Overall, the S&P BSE SENSEX is up 41.2% over the year.

Current Valuations

At the current price of Rs 77.0, the price to earnings (P/E) ratio of HFCL stands at 31.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.0 times.

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