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

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HIMADRI SPECIALITY CHEMICAL LTD Announces Quarterly Results (2QFY19); Net Profit Up 44.8%
Wed, 14 Nov

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

HIMADRI SPECIALITY CHEMICAL LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m4,6806,0476,018-0.5%28.6%
Other incomeRs m182722-17.9%23.8%
TurnoverRs m4,6986,0756,040-0.6%28.6%
ExpensesRs m3,6544,6904,7200.6%29.2%
Gross profitRs m1,0271,3581,298-4.4%26.4%
DepreciationRs m7979846.3%6.5%
InterestRs m208187175-6.5%-15.8%
Profit before taxRs m7581,1191,061-5.2%40.0%
TaxRs m246352320-9.1%30.0%
Profit after taxRs m512767741-3.4%44.8%
Gross profit margin%21.922.421.6
Effective tax rate%32.531.530.2
Net profit margin%10.912.612.3
* 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 28.6% on a year-on-year (YoY) basis. The expenses were up by 29.2% YoY during the same period.
  • The company's operating profit increased by 26.4% YoY during the quarter. Consequently, operating profit margins remained same and stood at 21.6% in 2QFY19.
  • Depreciation charges increased by 6.5% and finance costs declined by 15.8% YoY, respectively.
  • Other income increased by 23.8% YoY during the quarter.
  • Net profit for the quarter increased by 44.8% YoY. Net profit margins during the quarter increased from 10.9% in 2QFY18 to 12.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.6% QoQ during the same period.
  • The company's operating profit declined by 4.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.6% in 2QFY19 as against 22.4% in 1QFY18.
  • Net profit for the quarter declined by 3.4% QoQ, while net profit margins declined from 12.6% in 1QFY18 to 12.3% in 2QFY19.

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 168.2 to Rs 131.5, registering a Loss of Rs 36.7 or around 21.8%.

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 131.5, the price to earnings (P/E) ratio of HIMADRI SPECIALITY CHEMICAL LTD stands at 18.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.9 times.

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