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HIMADRI SPECIALITY CHEMICAL LTD Announces Quarterly Results (1QFY19); Net Profit Up 53.2%

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HIMADRI SPECIALITY CHEMICAL LTD Announces Quarterly Results (1QFY19); Net Profit Up 53.2%
Mon, 20 Aug

HIMADRI SPECIALITY CHEMICAL LTD has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

HIMADRI SPECIALITY CHEMICAL LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m5,0275,5086,0479.8%20.3%
Other incomeRs m1227270.7%131.4%
TurnoverRs m5,0395,5356,0759.8%20.6%
ExpensesRs m4,0284,2644,69010.0%16.4%
Gross profitRs m9981,2441,3589.2%36.0%
DepreciationRs m7977792.3%0.1%
InterestRs m186189187-1.0%0.8%
Profit before taxRs m7451,0041,11911.4%50.1%
TaxRs m24529235220.6%43.6%
Profit after taxRs m5007137677.6%53.2%
Gross profit margin%19.922.622.4
Effective tax rate%32.929.131.5
Net profit margin%9.912.912.6
* 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 20.3% on a year-on-year (YoY) basis. The expenses were up by 16.4% YoY during the same period.
  • The company's operating profit increased by 36.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.4% in 1QFY19 as against 19.9% in 1QFY18.
  • Depreciation charges and finance costs increased by 0.1% YoY and 0.8% YoY, respectively.
  • Other income increased by 131.4% YoY during the quarter.
  • Net profit for the quarter increased by 53.2% YoY. Net profit margins during the quarter increased from 9.9% in 1QFY18 to 12.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.0% QoQ during the same period.
  • The company's operating profit declined by 9.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.4% in 1QFY19 as against 22.6% in 4QFY18.
  • Net profit for the quarter increased by 7.6% QoQ, while net profit margins declined from 12.9% in 4QFY18 to 12.6% in 1QFY19.

To see how HIMADRI SPECIALITY CHEMICAL LTD has performed over the last eight quarters, please visit here.

HIMADRI SPECIALITY CHEMICAL LTD Share Price Performance

Over the last one year, HIMADRI SPECIALITY CHEMICAL LTD share price has moved up from Rs 81.7 to Rs 130.3, registering a Gain of Rs 48.6 or around 59.4%.

Overall, the S&P BSE SENSEX is up 20.4% over the year.

Current Valuations

At the current price of Rs 130.3, the price to earnings (P/E) ratio of HIMADRI SPECIALITY CHEMICAL LTD stands at 20.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.3 times.

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HIMADRI SPECIALITY CHEMICAL LTD 2017-18 Annual Report Analysis (Annual Result Update)

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HIMADRI SPECIALITY CHEMICAL LTD Announces Quarterly Results (2QFY19); Net Profit Up 44.8% (Quarterly Result Update)

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For the quarter ended September 2018, HIMADRI SPECIALITY CHEMICAL LTD has posted a net profit of Rs 741 m (up 44.8% YoY). Sales on the other hand came in at Rs 6 bn (up 28.6% YoY). Read on for a complete analysis of HIMADRI SPECIALITY CHEMICAL LTD's quarterly results.

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Aug 20, 2018 | Updated on Aug 20, 2018

For the quarter ended March 2018, HIMADRI SPECIALITY CHEMICAL LTD has posted a net profit of Rs 712 m (up 134.4% YoY). Sales on the other hand came in at Rs 6 bn (up 32.6% YoY). Read on for a complete analysis of HIMADRI SPECIALITY CHEMICAL LTD's quarterly results.

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