HIMACHAL FUTURISTIC Announces Quarterly Results (3QFY20); Net Profit Up 2.5%

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HIMACHAL FUTURISTIC Announces Quarterly Results (3QFY20); Net Profit Up 2.5%
Wed, 22 Jan

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

HIMACHAL FUTURISTIC Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m11,0569,2318,129-11.9%-26.5%
Other incomeRs m283582130.5%192.5%
TurnoverRs m11,0849,2668,210-11.4%-25.9%
ExpensesRs m10,0177,9637,223-9.3%-27.9%
Gross profitRs m1,0401,268906-28.5%-12.8%
DepreciationRs m48607016.6%45.8%
InterestRs m267236177-24.9%-33.7%
Profit before taxRs m7531,008741-26.5%-1.5%
TaxRs m268379245-35.6%-8.9%
Profit after taxRs m484628497-21.0%2.5%
Gross profit margin%9.413.711.1
Effective tax rate%35.737.633.0
Net profit margin%4.46.86.0
* 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 26.5% on a year-on-year (YoY) basis. The expenses were down by 27.9% YoY during the same period.
  • The company's operating profit declined by 12.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.1% in 3QFY20 as against 9.4% in 3QFY19.
  • Depreciation charges increased by 45.8% and finance costs declined by 33.7% YoY, respectively.
  • Other income increased by 192.5% YoY during the quarter.
  • Net profit for the quarter increased by 2.5% YoY. Net profit margins during the quarter increased from 4.4% in 3QFY19 to 6.0% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.3% QoQ during the same period.
  • The company's operating profit declined by 28.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.1% in 3QFY20 as against 13.7% in 2QFY19.
  • Net profit for the quarter declined by 21.0% QoQ, while net profit margins declined from 6.8% in 2QFY19 to 6.0% in 3QFY20.

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 21.9 to Rs 17.1, registering a Loss of Rs 4.8 or around 22.0%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 8,062.6 (up 1.1%). Over the last one year it has moved up from 7,329.2 to 8,062.6, a gain of 733 points (up 10.0%).

Overall, the S&P BSE SENSEX is up 13.2% 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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