HINDUSTAN COPPER Announces Quarterly Results (1QFY19); Net Profit Up 243.9%

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HINDUSTAN COPPER Announces Quarterly Results (1QFY19); Net Profit Up 243.9%
Fri, 10 Aug

HINDUSTAN COPPER has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

HINDUSTAN COPPER Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m4,0613,8274,21710.2%3.8%
Other incomeRs m20810954-50.5%-74.0%
TurnoverRs m4,2683,9364,2708.5%0.0%
ExpensesRs m3,7313,0193,1263.5%-16.2%
Gross profitRs m3308081,09135.1%230.2%
DepreciationRs m344509434-14.6%26.5%
InterestRs m3269201190.2%524.6%
Profit before taxRs m16233951050.4%214.0%
TaxRs m6011915731.5%162.6%
Profit after taxRs m10322035360.7%243.9%
Gross profit margin%8.121.125.9
Effective tax rate%36.735.130.7
Net profit margin%2.45.68.3
* 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 3.8% on a year-on-year (YoY) basis. The expenses were down by 16.2% YoY during the same period.
  • The company's operating profit increased by 230.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.9% in 1QFY19 as against 8.1% in 1QFY18.
  • Depreciation charges and finance costs increased by 26.5% YoY and 524.6% YoY, respectively.
  • Other income declined by 74.0% YoY during the quarter.
  • Net profit for the quarter increased by 243.9% YoY. Net profit margins during the quarter increased from 2.4% in 1QFY18 to 8.3% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.5% QoQ during the same period.
  • The company's operating profit increased by 35.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.9% in 1QFY19 as against 21.1% in 4QFY18.
  • Net profit for the quarter increased by 60.7% QoQ, while net profit margins increased from 5.6% in 4QFY18 to 8.3% in 1QFY19.

To see how HINDUSTAN COPPER has performed over the last eight quarters, please visit here.

HINDUSTAN COPPER Share Price Performance

Over the last one year, HINDUSTAN COPPER share price has moved up from Rs 61.2 to Rs 64.6, registering a Gain of Rs 3.4 or around 5.6%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,990.7 (down 2.2%). Over the last one year it has moved up from 12,742.5 to 12,990.7, a gain of 248 points (up 1.9%).

Overall, the S&P BSE SENSEX is up 18.9% over the year.

Current Valuations

At the current price of Rs 64.6, the price to earnings (P/E) ratio of HINDUSTAN COPPER stands at 57.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.

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For the quarter ended September 2019, HINDUSTAN COPPER has posted a net profit of Rs 195 m (down 44.6% YoY). Sales on the other hand came in at Rs 3 bn (down 38.7% YoY). Read on for a complete analysis of HINDUSTAN COPPER's quarterly results.

HINDUSTAN COPPER Announces Quarterly Results (1QFY20); Net Profit Down 39.8% (Quarterly Result Update)

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Dec 20, 2018 | Updated on Dec 20, 2018

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Jan 20, 2020 03:37 PM

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