HFCL Announces Quarterly Results (2QFY22); Net Profit Up 60.9%

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HFCL Announces Quarterly Results (2QFY22); Net Profit Up 60.9%
Mon, 18 Oct

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

HFCL Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Net SalesRs m10,54312,06911,221-7.0%6.4%
Other incomeRs m1205341-23.4%-66.2%
TurnoverRs m10,66312,12211,261-7.1%5.6%
ExpensesRs m9,28810,2069,529-6.6%2.6%
Gross profitRs m1,2261,8631,692-9.2%38.0%
DepreciationRs m1661781811.7%8.9%
InterestRs m425495400-19.1%-5.8%
Profit before taxRs m7551,2431,151-7.4%52.5%
TaxRs m222334293-12.2%32.2%
Profit after taxRs m533909858-5.7%60.9%
Gross profit margin%11.615.415.1
Effective tax rate%29.426.825.5
Net profit margin%5.07.57.6
* 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 6.4% on a year-on-year (YoY) basis. The expenses were up by 2.6% YoY during the same period.
  • The company's operating profit increased by 38.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.1% in 2QFY22 as against 11.6% in 2QFY21.
  • Depreciation charges increased by 8.9% and finance costs declined by 5.8% YoY, respectively.
  • Other income declined by 66.2% YoY during the quarter.
  • Net profit for the quarter increased by 60.9% YoY. Net profit margins during the quarter increased from 5.0% in 2QFY21 to 7.6% in 2QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.6% QoQ during the same period.
  • The company's operating profit declined by 9.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.1% in 2QFY22 as against 15.4% in 1QFY21.
  • Net profit for the quarter declined by 5.7% QoQ, while net profit margins increased from 7.5% in 1QFY21 to 7.6% in 2QFY22.

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

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HFCL Share Price Performance

Over the last one year, HFCL share price has moved up from Rs 16.8 to Rs 80.6, registering a Gain of Rs 63.8 or around 380.9%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 15,734.2 (up 1.2%). Over the last one year it has moved up from 9,881.3 to 15,734.2, a gain of 5,853 points (up 59.2%).

Overall, the S&P BSE SENSEX is up 52.2% over the year.

Current Valuations

At the current price of Rs 80.6, the price to earnings (P/E) ratio of HFCL stands at 29.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.4 times.

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Oct 27, 2021 | Updated on Oct 27, 2021

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

Jul 22, 2021 | Updated on Jul 22, 2021

For the quarter ended June 2021, HFCL has posted a net profit of Rs 909 m (up 326.1% YoY). Sales on the other hand came in at Rs 12 bn (up 72.5% YoY). Read on for a complete analysis of HFCL's quarterly results.

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