HMT LTD. Announces Quarterly Results (2QFY19); Net Profit Up 425.4%

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HMT LTD. Announces Quarterly Results (2QFY19); Net Profit Up 425.4%
Wed, 14 Nov

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

HMT LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m25294967.0%98.8%
Other incomeRs m3764675.5%80.2%
TurnoverRs m629311724.9%87.6%
ExpensesRs m47597018.5%47.8%
Gross profitRs m-2646-36-178.6%
DepreciationRs m011-16.7%66.7%
InterestRs m530-100.0%-100.0%
Profit before taxRs m610631-70.8%425.4%
TaxRs m0000.0%0.0%
Profit after taxRs m610631-70.8%425.4%
Gross profit margin%-106.1155.4-73.1
Effective tax rate%0.00.00.0
Net profit margin%9.5113.926.6
* 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 98.8% on a year-on-year (YoY) basis. The expenses were up by 47.8% YoY during the same period.
  • The company's operating profit increased by 37.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 73.1% in 2QFY19 as against 106.1% in 2QFY18.
  • Depreciation charges increased by 66.7% and finance costs declined by 100.0% YoY, respectively.
  • Other income increased by 80.2% YoY during the quarter.
  • Net profit for the quarter increased by 425.4% YoY. Net profit margins during the quarter increased from 9.5% in 2QFY18 to 26.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 67.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 18.5% QoQ during the same period.
  • The company's operating profit declined by 178.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 73.1% in 2QFY19 as against 155.4% in 1QFY18.
  • Net profit for the quarter declined by 70.8% QoQ, while net profit margins declined from 114.0% in 1QFY18 to 26.6% in 2QFY19.

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

HMT LTD. Share Price Performance

Over the last one year, HMT LTD. share price has moved up from Rs 40.7 to Rs 23.9, registering a Loss of Rs 16.8 or around 41.2%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 19,757.2 (down 0.1%). Over the last one year it has moved down from 20,292.5 to 19,757.2, a gain of 535 points (down 2.6%).

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

Current Valuations

At the current price of Rs 23.9, the price to earnings (P/E) ratio of HMT LTD. stands at 359.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -4.5 times.

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Related Views on News

HMT LTD. Announces Quarterly Results (3QFY19); Net Profit Down 29.7% (Quarterly Result Update)

Feb 14, 2019 | Updated on Feb 14, 2019

For the quarter ended December 2018, HMT LTD. has posted a net profit of Rs 31 m (down 29.7% YoY). Sales on the other hand came in at Rs 60 m (up 52.0% YoY). Read on for a complete analysis of HMT LTD.'s quarterly results.

HMT LTD. Announces Quarterly Results (1QFY19); Net Profit Up 790.3% (Quarterly Result Update)

Aug 22, 2018 | Updated on Aug 22, 2018

For the quarter ended June 2018, HMT LTD. has posted a net profit of Rs 106 m (up 790.3% YoY). Sales on the other hand came in at Rs 29 m (up 169.7% YoY). Read on for a complete analysis of HMT LTD.'s quarterly results.

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