HIMADRI SPECIALITY CHEMICAL LTD Announces Quarterly Results (3QFY20); Net Profit Down 80.2%

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HIMADRI SPECIALITY CHEMICAL LTD Announces Quarterly Results (3QFY20); Net Profit Down 80.2%
Fri, 14 Feb

HIMADRI SPECIALITY CHEMICAL LTD has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

HIMADRI SPECIALITY CHEMICAL LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m5,8674,8724,283-12.1%-27.0%
Other incomeRs m151182858.3%-81.7%
TurnoverRs m6,0184,8894,310-11.8%-28.4%
ExpensesRs m4,5393,9743,928-1.2%-13.5%
Gross profitRs m1,328898354-60.5%-73.3%
DepreciationRs m8482875.8%3.7%
InterestRs m173138116-16.2%-33.3%
Profit before taxRs m1,221695179-74.2%-85.3%
TaxRs m37819012-93.5%-96.7%
Profit after taxRs m844505167-66.9%-80.2%
Gross profit margin%22.618.48.3
Effective tax rate%30.927.36.9
Net profit margin%14.010.33.9
* 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 27.0% on a year-on-year (YoY) basis. The expenses were down by 13.5% YoY during the same period.
  • The company's operating profit declined by 73.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.3% in 3QFY20 as against 22.6% in 3QFY19.
  • Depreciation charges increased by 3.7% and finance costs declined by 33.3% YoY, respectively.
  • Other income declined by 81.7% YoY during the quarter.
  • Net profit for the quarter declined by 80.2% YoY. Net profit margins during the quarter declined from 14.0% in 3QFY19 to 3.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.2% QoQ during the same period.
  • The company's operating profit declined by 60.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.3% in 3QFY20 as against 18.4% in 2QFY19.
  • Net profit for the quarter declined by 66.9% QoQ, while net profit margins declined from 10.3% in 2QFY19 to 3.9% in 3QFY20.

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

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HIMADRI SPECIALITY CHEMICAL LTD Share Price Performance

Over the last one year,HIMADRI SPECIALITY CHEMICAL LTD share price has moved down from Rs 109.0 to Rs 55.4, registering a Loss of Rs 53.6 or around 49.2%.

Overall, the S&P BSE SENSEX is up 14.5% over the year.

Current Valuations

At the current price of Rs 55.4, the price to earnings (P/E) ratio of HIMADRI SPECIALITY CHEMICAL LTD stands at 10.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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