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HIMATSINGKA SEIDE Announces Quarterly Results (2QFY19); Net Profit Up 4.3%

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HIMATSINGKA SEIDE Announces Quarterly Results (2QFY19); Net Profit Up 4.3%
Mon, 12 Nov

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

HIMATSINGKA SEIDE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m5,7855,8266,66014.3%15.1%
Other incomeRs m13818832975.3%139.1%
TurnoverRs m5,9236,0146,98916.2%18.0%
ExpensesRs m4,7904,6715,44816.6%13.7%
Gross profitRs m9951,1551,2124.9%21.9%
DepreciationRs m177263263-0.1%48.8%
InterestRs m24936640711.2%63.2%
Profit before taxRs m70771587222.0%23.4%
TaxRs m20126934528.2%71.6%
Profit after taxRs m50644652718.3%4.3%
Gross profit margin%17.219.818.2
Effective tax rate%28.437.639.5
Net profit margin%8.57.47.5
* 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 15.1% on a year-on-year (YoY) basis. The expenses were up by 13.7% YoY during the same period.
  • The company's operating profit increased by 21.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.2% in 2QFY19 as against 17.2% in 2QFY18.
  • Depreciation charges increased by 48.8% and finance costs increased by 63.2% YoY, respectively.
  • Other income increased by 139.1% YoY during the quarter.
  • Net profit for the quarter increased by 4.3% YoY. Net profit margins during the quarter declined from 8.5% in 2QFY18 to 7.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 14.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.6% QoQ during the same period.
  • The company's operating profit declined by 4.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.2% in 2QFY19 as against 19.8% in 1QFY18.
  • Net profit for the quarter increased by 18.3% QoQ, while net profit margins increased from 7.4% in 1QFY18 to 7.5% in 2QFY19.

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 up from Rs 353.6 to Rs 252.5, registering a Loss of Rs 101.2 or around 28.6%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 252.5, the price to earnings (P/E) ratio of HIMATSINGKA SEIDE stands at 12.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.

Equitymaster requests your view! Post a comment on "HIMATSINGKA SEIDE Announces Quarterly Results (2QFY19); Net Profit Up 4.3%". Click here!

1 Responses to "HIMATSINGKA SEIDE Announces Quarterly Results (2QFY19); Net Profit Up 4.3%"

ravi shah

Dec 11, 2018

To EQM,pl explain why pledged shares percentage of Himatsinka seide are not mentioned in compare company section or in any other update.thanks

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For the quarter ended December 2018, HIMATSINGKA SEIDE has posted a net profit of Rs 512 m (up 2.1% YoY). Sales on the other hand came in at Rs 7 bn (up 13.9% YoY). Read on for a complete analysis of HIMATSINGKA SEIDE's quarterly results.

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