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HIMACHAL FUTURISTIC Announces Quarterly Results (2QFY19); Net Profit Up 58.0%

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HIMACHAL FUTURISTIC Announces Quarterly Results (2QFY19); Net Profit Up 58.0%
Mon, 5 Nov

HIMACHAL FUTURISTIC has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

HIMACHAL FUTURISTIC Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m6,63710,32311,37410.2%71.4%
Other incomeRs m422723-13.5%-44.8%
TurnoverRs m6,67910,35011,39710.1%70.6%
ExpensesRs m6,0709,45810,57011.8%74.1%
Gross profitRs m567865804-7.0%41.8%
DepreciationRs m4139416.5%0.5%
InterestRs m16415117515.9%7.3%
Profit before taxRs m405701611-12.9%51.0%
TaxRs m153258213-17.3%39.4%
Profit after taxRs m252444398-10.4%58.0%
Gross profit margin%8.58.47.1
Effective tax rate%37.836.834.9
Net profit margin%3.84.33.5
* 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 71.4% on a year-on-year (YoY) basis. The expenses were up by 74.1% YoY during the same period.
  • The company's operating profit increased by 41.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.1% in 2QFY19 as against 8.5% in 2QFY18.
  • Depreciation charges increased by 0.5% and finance costs increased by 7.3% YoY, respectively.
  • Other income declined by 44.8% YoY during the quarter.
  • Net profit for the quarter increased by 58.0% YoY. Net profit margins during the quarter declined from 3.8% in 2QFY18 to 3.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.8% QoQ during the same period.
  • The company's operating profit declined by 7.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.1% in 2QFY19 as against 8.4% in 1QFY18.
  • Net profit for the quarter declined by 10.4% QoQ, while net profit margins declined from 4.3% in 1QFY18 to 3.5% in 2QFY19.

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 up from Rs 30.6 to Rs 20.5, registering a Loss of Rs 10.1 or around 33.0%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,042.5 (down 0.1%). Over the last one year it has moved up from 6,018.1 to 7,042.5, a gain of 1,024 points (up 17.0%).

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 20.5, the price to earnings (P/E) ratio of HIMACHAL FUTURISTIC stands at 13.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

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