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

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HIMATSINGKA SEIDE Announces Quarterly Results (2QFY20); Net Profit Down 35.4%
Tue, 12 Nov

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

HIMATSINGKA SEIDE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m6,6606,3956,4380.7%-3.3%
Other incomeRs m329499796.4%-70.5%
TurnoverRs m6,9896,4456,5351.4%-6.5%
ExpensesRs m5,4485,0145,1292.3%-5.9%
Gross profitRs m1,2121,3811,243-10.0%2.5%
DepreciationRs m263268261-2.5%-0.7%
InterestRs m4074404686.3%15.1%
Profit before taxRs m872723611-15.5%-30.0%
TaxRs m345270270-0.1%-21.7%
Profit after taxRs m527453341-24.7%-35.4%
Gross profit margin%18.221.619.3
Effective tax rate%39.537.444.2
Net profit margin%7.57.05.2
* 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 fell 3.3% on a year-on-year (YoY) basis. The expenses were down by 5.9% YoY during the same period.
  • The company's operating profit increased by 2.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.3% in 2QFY20 as against 18.2% in 2QFY19.
  • Depreciation charges declined by 0.7% and finance costs increased by 15.1% YoY, respectively.
  • Other income declined by 70.5% YoY during the quarter.
  • Net profit for the quarter declined by 35.4% YoY. Net profit margins during the quarter declined from 7.5% in 2QFY19 to 5.2% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.3% QoQ during the same period.
  • The company's operating profit declined by 10.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.3% in 2QFY20 as against 21.6% in 1QFY19.
  • Net profit for the quarter declined by 24.7% QoQ, while net profit margins declined from 7.0% in 1QFY19 to 5.2% in 2QFY20.

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

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HIMATSINGKA SEIDE Share Price Performance

Over the last one year,HIMATSINGKA SEIDE share price has moved down from Rs 255.2 to Rs 135.9, registering a Loss of Rs 119.3 or around 46.7%.

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 135.9, the price to earnings (P/E) ratio of HIMATSINGKA SEIDE stands at 7.5 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 (1QFY20); Net Profit Up 1.5% (Quarterly Result Update)

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, HIMATSINGKA SEIDE has posted a net profit of Rs 452 m (up 1.5% YoY). Sales on the other hand came in at Rs 6 bn (up 9.8% 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.

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