HIMADRI SPECIALITY CHEMICAL LTD Announces Quarterly Results (3QFY19); Net Profit Up 20.3%

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HIMADRI SPECIALITY CHEMICAL LTD Announces Quarterly Results (3QFY19); Net Profit Up 20.3%
Wed, 30 Jan

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

HIMADRI SPECIALITY CHEMICAL LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m5,0016,0185,867-2.5%17.3%
Other incomeRs m1722151575.0%779.1%
TurnoverRs m5,0186,0406,018-0.4%19.9%
ExpensesRs m3,7964,7204,539-3.8%19.6%
Gross profitRs m1,2351,2981,3282.3%7.5%
DepreciationRs m7984840.1%6.3%
InterestRs m121175173-1.1%43.0%
Profit before taxRs m1,0521,0611,22115.1%16.1%
TaxRs m35132037818.1%7.8%
Profit after taxRs m70174184413.8%20.3%
Gross profit margin%24.721.622.6
Effective tax rate%33.330.230.9
Net profit margin%14.012.314.0
* 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 grew 17.3% on a year-on-year (YoY) basis. The expenses were up by 19.6% YoY during the same period.
  • The company's operating profit increased by 7.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.6% in 3QFY19 as against 24.7% in 3QFY18.
  • Depreciation charges increased by 6.3% and finance costs increased by 43.0% YoY, respectively.
  • Other income increased by 779.1% YoY during the quarter.
  • Net profit for the quarter increased by 20.3% YoY. Net profit margins during the quarter increased from 14.0% in 3QFY18 to 14.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.8% QoQ during the same period.
  • The company's operating profit increased by 2.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.6% in 3QFY19 as against 21.6% in 2QFY18.
  • Net profit for the quarter increased by 13.8% QoQ, while net profit margins increased from 12.3% in 2QFY18 to 14.0% in 3QFY19.

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 178.2 to Rs 114.2, registering a Loss of Rs 64.0 or around 35.9%.

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 114.2, the price to earnings (P/E) ratio of HIMADRI SPECIALITY CHEMICAL LTD stands at 15.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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