HIMATSINGKA SEIDE Announces Quarterly Results (1QFY20); Net Profit Up 1.5%

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HIMATSINGKA SEIDE Announces Quarterly Results (1QFY20); Net Profit Up 1.5%
Tue, 13 Aug

HIMATSINGKA SEIDE has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

HIMATSINGKA SEIDE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m5,8266,9096,395-7.4%9.8%
Other incomeRs m1881949162.8%-73.7%
TurnoverRs m6,0146,9276,445-7.0%7.2%
ExpensesRs m4,6715,5235,014-9.2%7.3%
Gross profitRs m1,1551,3861,381-0.3%19.6%
DepreciationRs m263288268-7.1%1.8%
InterestRs m366449440-1.9%20.4%
Profit before taxRs m7156677238.3%1.2%
TaxRs m26918427047.4%0.6%
Profit after taxRs m446484453-6.5%1.5%
Gross profit margin%19.820.121.6
Effective tax rate%37.627.537.4
Net profit margin%7.47.07.0
* 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 9.8% on a year-on-year (YoY) basis. The expenses were up by 7.3% YoY during the same period.
  • The company's operating profit increased by 19.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.6% in 1QFY20 as against 19.8% in 1QFY19.
  • Depreciation charges increased by 1.8% and finance costs increased by 20.4% YoY, respectively.
  • Other income declined by 73.7% YoY during the quarter.
  • Net profit for the quarter increased by 1.5% YoY. Net profit margins during the quarter declined from 7.4% in 1QFY19 to 7.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.2% QoQ during the same period.
  • The company's operating profit increased by 0.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.6% in 1QFY20 as against 20.1% in 4QFY19.
  • Net profit for the quarter declined by 6.5% QoQ, while net profit margins increased from 7.0% in 4QFY19 to 7.0% in 1QFY20.

To see how HIMATSINGKA SEIDE has performed over the last eight quarters,please visit here.

HIMATSINGKA SEIDE Share Price Performance

Over the last one year,HIMATSINGKA SEIDE share price has moved down from Rs 285.0 to Rs 140.3, registering a Loss of Rs 144.7 or around 50.8%.

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 140.3, the price to earnings (P/E) ratio of HIMATSINGKA SEIDE stands at 7.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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Related Views on News

HIMATSINGKA SEIDE Announces Quarterly Results (2QFY20); Net Profit Down 35.4% (Quarterly Result Update)

Nov 12, 2019 | Updated on Nov 12, 2019

For the quarter ended September 2019, HIMATSINGKA SEIDE has posted a net profit of Rs 341 m (down 35.4% YoY). Sales on the other hand came in at Rs 6 bn (down 3.3% YoY). Read on for a complete analysis of HIMATSINGKA SEIDE's quarterly results.

HIMATSINGKA SEIDE Announces Quarterly Results (4QFY19); Net Profit Down 3.9% (Quarterly Result Update)

Jun 6, 2019 | Updated on Jun 6, 2019

For the quarter ended March 2019, HIMATSINGKA SEIDE has posted a net profit of Rs 484 m (down 3.9% YoY). Sales on the other hand came in at Rs 7 bn (up 22.6% YoY). Read on for a complete analysis of HIMATSINGKA SEIDE's quarterly results.

HIMATSINGKA SEIDE 2017-18 Annual Report Analysis (Annual Result Update)

Dec 19, 2018 | Updated on Dec 19, 2018

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

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