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

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HIMATSINGKA SEIDE Announces Quarterly Results (4QFY19); Net Profit Down 3.9%
Thu, 6 Jun

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

HIMATSINGKA SEIDE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m5,6346,7826,9091.9%22.6%
Other incomeRs m7217019-88.9%-73.9%
TurnoverRs m5,7066,9526,927-0.4%21.4%
ExpensesRs m4,3955,1025,5238.3%25.7%
Gross profitRs m1,2401,3411,3863.3%11.8%
DepreciationRs m2052742885.2%40.7%
InterestRs m3194104499.4%40.9%
Profit before taxRs m788827667-19.3%-15.4%
TaxRs m285315184-41.7%-35.6%
Profit after taxRs m503512484-5.5%-3.9%
Gross profit margin%22.019.820.1
Effective tax rate%36.138.127.5
Net profit margin%8.87.47.0
* 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 22.6% on a year-on-year (YoY) basis. The expenses were up by 25.7% YoY during the same period.
  • The company's operating profit increased by 11.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.1% in 4QFY19 as against 22.0% in 4QFY18.
  • Depreciation charges increased by 40.7% and finance costs increased by 40.9% YoY, respectively.
  • Other income declined by 73.9% YoY during the quarter.
  • Net profit for the quarter declined by 3.9% YoY. Net profit margins during the quarter declined from 8.8% in 4QFY18 to 7.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.3% QoQ during the same period.
  • The company's operating profit increased by 3.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.1% in 4QFY19 as against 19.8% in 3QFY18.
  • Net profit for the quarter declined by 5.5% QoQ, while net profit margins declined from 7.4% in 3QFY18 to 7.0% in 4QFY19.

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 344.8 to Rs 174.0, registering a Loss of Rs 170.8 or around 49.5%.

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 174.0, the price to earnings (P/E) ratio of HIMATSINGKA SEIDE stands at 8.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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