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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

SHOCKING: Ex-Swiss Investment Banker's Lucrative Income Generating Secret

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.

Equitymaster requests your view! Post a comment on "HIMADRI SPECIALITY CHEMICAL LTD Announces Quarterly Results (3QFY20); Net Profit Down 80.2%". Click here!

  

Related Views on News

HIMADRI SPECIALITY CHEMICAL LTD Announces Quarterly Results (4QFY19); Net Profit Up 1.3% (Quarterly Result Update)

May 30, 2019 | Updated on May 30, 2019

For the quarter ended March 2019, HIMADRI SPECIALITY CHEMICAL LTD has posted a net profit of Rs 722 m (up 1.3% YoY). Sales on the other hand came in at Rs 6 bn (up 5.9% YoY). Read on for a complete analysis of HIMADRI SPECIALITY CHEMICAL LTD's quarterly results.

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

Jan 30, 2019 | Updated on Jan 30, 2019

For the quarter ended December 2018, HIMADRI SPECIALITY CHEMICAL LTD has posted a net profit of Rs 844 m (up 20.3% YoY). Sales on the other hand came in at Rs 6 bn (up 17.3% YoY). Read on for a complete analysis of HIMADRI SPECIALITY CHEMICAL LTD's quarterly results.

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

Dec 20, 2018 | Updated on Dec 20, 2018

Here's an analysis of the annual report of HIMADRI SPECIALITY CHEMICAL LTD for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of HIMADRI SPECIALITY CHEMICAL LTD. Also includes updates on the valuation of HIMADRI SPECIALITY CHEMICAL LTD.

More Views on News

Most Popular

Not Infosys or Wipro. India's Next Wealth Creators Could Be Drone Stocks(Profit Hunter)

Nov 25, 2020

India's drones directorate signals the next big defence tech multibaggers.

It's Time to Book Profits(Fast Profits Daily)

Nov 27, 2020

In my first video on Equitymaster, I want to introduce you my proprietary greed and fear index. It's telling us to book some profits in the market.

How the New Margins Will Impact You(Fast Profits Daily)

Nov 25, 2020

The new rules on margins will come into effect from 1st December. Are you ready?

Create Wealth for Yourself in India's Drone Revolution(Profit Hunter)

Nov 27, 2020

The Chinese drone market is 14 times that of India's. Billions may flow into Indian drone companies too. Don't miss out on this wealth creating opportunity.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

HIMADRI SPECIALITY CHEMICAL SHARE PRICE


Dec 4, 2020 (Close)

TRACK HIMADRI SPECIALITY CHEMICAL

  • Track your investment in HIMADRI SPECIALITY CHEMICAL with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON HIMADRI SPECIALITY CHEMICAL

HIMADRI SPECIALITY CHEMICAL 8-QTR ANALYSIS

COMPARE HIMADRI SPECIALITY CHEMICAL WITH

MARKET STATS