HIMACHAL FUTURISTIC Announces Quarterly Results (4QFY19); Net Profit Down 12.4%

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HIMACHAL FUTURISTIC Announces Quarterly Results (4QFY19); Net Profit Down 12.4%
Tue, 21 May

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

HIMACHAL FUTURISTIC Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m9,44211,05610,947-1.0%15.9%
Other incomeRs m118284251422.9%258.9%
TurnoverRs m9,56011,08411,3722.6%19.0%
ExpensesRs m8,69010,01710,2962.8%18.5%
Gross profitRs m7341,040651-37.4%-11.2%
DepreciationRs m4248480.2%14.0%
InterestRs m122267186-30.6%52.3%
Profit before taxRs m68875384312.0%22.4%
TaxRs m10126832822.1%225.4%
Profit after taxRs m5884845156.3%-12.4%
Gross profit margin%7.89.45.9
Effective tax rate%14.635.738.9
Net profit margin%6.14.44.5
* 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 15.9% on a year-on-year (YoY) basis. The expenses were up by 18.5% YoY during the same period.
  • The company's operating profit declined by 11.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.9% in 4QFY19 as against 7.8% in 4QFY18.
  • Depreciation charges increased by 14.0% and finance costs increased by 52.3% YoY, respectively.
  • Other income increased by 258.9% YoY during the quarter.
  • Net profit for the quarter declined by 12.4% YoY. Net profit margins during the quarter declined from 6.1% in 4QFY18 to 4.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.8% QoQ during the same period.
  • The company's operating profit declined by 37.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.9% in 4QFY19 as against 9.4% in 3QFY18.
  • Net profit for the quarter increased by 6.3% QoQ, while net profit margins increased from 4.4% in 3QFY18 to 4.5% in 4QFY19.

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 26.7 to Rs 21.3, registering a Loss of Rs 5.4 or around 20.3%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,604.7 (down 0.5%). Over the last one year it has moved up from 6,852.3 to 7,604.7, a gain of 752 points (up 11.0%).

Overall, the S&P BSE SENSEX is up 14.0% over the year.

Current Valuations

At the current price of Rs 21.3, the price to earnings (P/E) ratio of HIMACHAL FUTURISTIC stands at 14.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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