HIMACHAL FUTURISTIC Announces Quarterly Results (2QFY20); Net Profit Up 58.0%

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HIMACHAL FUTURISTIC Announces Quarterly Results (2QFY20); Net Profit Up 58.0%
Fri, 25 Oct

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

HIMACHAL FUTURISTIC Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m11,37412,0069,231-23.1%-18.8%
Other incomeRs m234435-18.6%53.9%
TurnoverRs m11,39712,0509,266-23.1%-18.7%
ExpensesRs m10,57010,4077,963-23.5%-24.7%
Gross profitRs m8041,6001,268-20.7%57.7%
DepreciationRs m4156607.2%45.9%
InterestRs m1752282363.2%34.4%
Profit before taxRs m6111,3591,008-25.8%65.0%
TaxRs m213465379-18.5%78.0%
Profit after taxRs m398893628-29.7%58.0%
Gross profit margin%7.113.313.7
Effective tax rate%34.934.337.6
Net profit margin%3.57.46.8
* 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 fell 18.8% on a year-on-year (YoY) basis. The expenses were down by 24.7% YoY during the same period.
  • The company's operating profit increased by 57.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.7% in 2QFY20 as against 7.1% in 2QFY19.
  • Depreciation charges increased by 45.9% and finance costs increased by 34.4% YoY, respectively.
  • Other income increased by 53.9% YoY during the quarter.
  • Net profit for the quarter increased by 58.0% YoY. Net profit margins during the quarter increased from 3.5% in 2QFY19 to 6.8% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 23.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 23.5% QoQ during the same period.
  • The company's operating profit declined by 20.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.7% in 2QFY20 as against 13.3% in 1QFY19.
  • Net profit for the quarter declined by 29.7% QoQ, while net profit margins declined from 7.4% in 1QFY19 to 6.8% in 2QFY20.

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

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HIMACHAL FUTURISTIC Share Price Performance

Over the last one year,HIMACHAL FUTURISTIC share price has moved down from Rs 19.7 to Rs 17.1, registering a Loss of Rs 2.6 or around 13.2%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,104.1 (up 0.3%). Over the last one year it has moved up from 6,876.4 to 7,104.1, a gain of 228 points (up 3.3%).

Overall, the S&P BSE SENSEX is up 14.6% over the year.

Current Valuations

At the current price of Rs 17.1, the price to earnings (P/E) ratio of HIMACHAL FUTURISTIC stands at 8.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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