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HIMACHAL FUTURISTIC Announces Quarterly Results (3QFY19); Net Profit Up 6.5%

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HIMACHAL FUTURISTIC Announces Quarterly Results (3QFY19); Net Profit Up 6.5%
Mon, 11 Feb

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

HIMACHAL FUTURISTIC Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m8,53911,37411,056-2.8%29.5%
Other incomeRs m35232821.3%-20.3%
TurnoverRs m8,57411,39711,084-2.7%29.3%
ExpensesRs m7,82710,57010,017-5.2%28.0%
Gross profitRs m7138041,04029.3%45.9%
DepreciationRs m41414816.6%17.2%
InterestRs m16517526752.3%62.3%
Profit before taxRs m54261175323.2%38.8%
TaxRs m8821326825.9%206.7%
Profit after taxRs m45539848421.8%6.5%
Gross profit margin%8.37.19.4
Effective tax rate%16.134.935.7
Net profit margin%5.33.54.4
* 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 29.5% on a year-on-year (YoY) basis. The expenses were up by 28.0% YoY during the same period.
  • The company's operating profit increased by 45.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.4% in 3QFY19 as against 8.3% in 3QFY18.
  • Depreciation charges increased by 17.2% and finance costs increased by 62.3% YoY, respectively.
  • Other income declined by 20.3% YoY during the quarter.
  • Net profit for the quarter increased by 6.5% YoY. Net profit margins during the quarter declined from 5.3% in 3QFY18 to 4.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.2% QoQ during the same period.
  • The company's operating profit increased by 29.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.4% in 3QFY19 as against 7.1% in 2QFY18.
  • Net profit for the quarter increased by 21.8% QoQ, while net profit margins increased from 3.5% in 2QFY18 to 4.4% in 3QFY19.

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 30.7 to Rs 21.5, registering a Loss of Rs 9.3 or around 30.1%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,751.2 (up 0.5%). Over the last one year it has moved up from 6,575.3 to 7,751.2, a gain of 1,176 points (up 17.9%).

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 21.5, the price to earnings (P/E) ratio of HIMACHAL FUTURISTIC stands at 13.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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