HIMACHAL FUTURISTIC Announces Quarterly Results (1QFY20); Net Profit Up 101.4%

Mon, 15 Jul

HIMACHAL FUTURISTIC has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

HIMACHAL FUTURISTIC Quarterly Financials

No. of Mths Qtr. Ending		3 Jun-18*	3 Mar-19*	3 Jun-19*	QoQ Change	YoY Change
Net Sales	Rs m	10,323	10,947	12,006	9.7%	16.3%
Other income	Rs m	27	425	44	-89.8%	63.5%
Turnover	Rs m	10,350	11,372	12,050	6.0%	16.4%
Expenses	Rs m	9,458	10,296	10,407	1.1%	10.0%
Gross profit	Rs m	865	651	1,600	145.7%	85.0%
Depreciation	Rs m	39	48	56	16.5%	44.9%
Interest	Rs m	151	186	228	23.1%	50.9%
Profit before tax	Rs m	701	843	1,359	61.3%	93.7%
Tax	Rs m	258	328	465	42.0%	80.5%
Profit after tax	Rs m	444	515	893	73.5%	101.4%
Gross profit margin	%	8.4	5.9	13.3
Effective tax rate	%	36.8	38.9	34.3
Net profit margin	%	4.3	4.5	7.4

Year-on-Year Performance:

• The company's operating income during the quarter grew 16.3% on a year-on-year (YoY) basis. The expenses were up by 10.0% YoY during the same period.
• The company's operating profit increased by 85.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.3% in 1QFY20 as against 8.4% in 1QFY19.
• Depreciation charges increased by 44.9% and finance costs increased by 50.9% YoY, respectively.
• Other income increased by 63.5% YoY during the quarter.
• Net profit for the quarter increased by 101.4% YoY. Net profit margins during the quarter increased from 4.3% in 1QFY19 to 7.4% in 1QFY20.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter grew 9.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.1% QoQ during the same period.
• The company's operating profit increased by 145.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.3% in 1QFY20 as against 5.9% in 4QFY19.
• Net profit for the quarter increased by 73.5% QoQ, while net profit margins increased from 4.5% in 4QFY19 to 7.4% in 1QFY20.

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

HIMACHAL FUTURISTIC Share Price Performance

Over the last one year,HIMACHAL FUTURISTIC share price has moved down from Rs 29.1 to Rs 21.4, registering a Loss of Rs 7.7 or around 26.5%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,618.7 (up 2.1%). Over the last one year it has moved up from 7,296.9 to 7,618.7, a gain of 322 points (up 4.4%).

Overall, the S&P BSE SENSEX is up 6.3% over the year.

Current Valuations

At the current price of Rs 21.4, the price to earnings (P/E) ratio of HIMACHAL FUTURISTIC stands at 11.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.