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

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HIMADRI SPECIALITY CHEMICAL LTD Announces Quarterly Results (4QFY19); Net Profit Up 1.3%
Thu, 30 May

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

HIMADRI SPECIALITY CHEMICAL LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m5,5085,8675,834-0.6%5.9%
Other incomeRs m2715164-57.4%137.6%
TurnoverRs m5,5356,0185,899-2.0%6.6%
ExpensesRs m4,2644,5394,6011.4%7.9%
Gross profitRs m1,2441,3281,233-7.1%-0.8%
DepreciationRs m778478-7.0%1.3%
InterestRs m189173170-1.9%-10.2%
Profit before taxRs m1,0041,2211,050-14.1%4.5%
TaxRs m292378328-13.3%12.2%
Profit after taxRs m713844722-14.4%1.3%
Gross profit margin%22.622.621.1
Effective tax rate%29.130.931.2
Net profit margin%12.914.012.2
* 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 5.9% on a year-on-year (YoY) basis. The expenses were up by 7.9% YoY during the same period.
  • The company's operating profit declined by 0.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.1% in 4QFY19 as against 22.6% in 4QFY18.
  • Depreciation charges increased by 1.3% and finance costs declined by 10.2% YoY, respectively.
  • Other income increased by 137.6% YoY during the quarter.
  • Net profit for the quarter increased by 1.3% YoY. Net profit margins during the quarter declined from 12.9% in 4QFY18 to 12.2% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.4% QoQ during the same period.
  • The company's operating profit declined by 7.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.1% in 4QFY19 as against 22.6% in 3QFY18.
  • Net profit for the quarter declined by 14.4% QoQ, while net profit margins declined from 14.0% in 3QFY18 to 12.2% in 4QFY19.

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 137.8 to Rs 103.4, registering a Loss of Rs 34.4 or around 24.9%.

Overall, the S&P BSE SENSEX is up 13.6% over the year.

Current Valuations

At the current price of Rs 103.4, the price to earnings (P/E) ratio of HIMADRI SPECIALITY CHEMICAL LTD stands at 14.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.

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For the quarter ended December 2019, HIMADRI SPECIALITY CHEMICAL LTD has posted a net profit of Rs 167 m (down 80.2% YoY). Sales on the other hand came in at Rs 4 bn (down 27.0% YoY). Read on for a complete analysis of HIMADRI SPECIALITY CHEMICAL LTD's quarterly results.

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