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HIMATSINGKA SEIDE Announces Quarterly Results (3QFY19); Net Profit Up 2.1%

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HIMATSINGKA SEIDE Announces Quarterly Results (3QFY19); Net Profit Up 2.1%
Wed, 13 Feb

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

HIMATSINGKA SEIDE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m5,9566,6606,7821.8%13.9%
Other incomeRs m-70329170-48.4%
TurnoverRs m5,8866,9896,952-0.5%18.1%
ExpensesRs m4,7895,4485,102-6.3%6.5%
Gross profitRs m1,1671,2121,34110.6%14.9%
DepreciationRs m1682632744.3%62.9%
InterestRs m2184074100.9%88.0%
Profit before taxRs m711872827-5.2%16.3%
TaxRs m210345315-8.6%50.2%
Profit after taxRs m501527512-3.0%2.1%
Gross profit margin%19.618.219.8
Effective tax rate%29.539.538.1
Net profit margin%8.57.57.4
* 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 13.9% on a year-on-year (YoY) basis. The expenses were up by 6.5% YoY during the same period.
  • The company's operating profit increased by 14.9% YoY during the quarter. Consequently, operating profit margins remained same and stood at 19.8% in 3QFY19.
  • Depreciation charges increased by 62.9% and finance costs increased by 88.0% YoY, respectively.
  • Other income declined by 343.8% YoY during the quarter.
  • Net profit for the quarter increased by 2.1% YoY. Net profit margins during the quarter declined from 8.5% in 3QFY18 to 7.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.3% QoQ during the same period.
  • The company's operating profit increased by 10.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.8% in 3QFY19 as against 18.2% in 2QFY18.
  • Net profit for the quarter declined by 3.0% QoQ, while net profit margins declined from 7.5% in 2QFY18 to 7.4% in 3QFY19.

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 365.0 to Rs 173.5, registering a Loss of Rs 191.5 or around 52.5%.

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 173.5, the price to earnings (P/E) ratio of HIMATSINGKA SEIDE stands at 8.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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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.

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