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

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HINDUSTAN COPPER Announces Quarterly Results (1QFY20); Net Profit Down 39.8%
Tue, 13 Aug

HINDUSTAN COPPER has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

HINDUSTAN COPPER Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m4,2174,5483,041-33.1%-27.9%
Other incomeRs m54203159-21.6%195.7%
TurnoverRs m4,2704,7513,200-32.6%-25.1%
ExpensesRs m3,1263,1042,108-32.1%-32.6%
Gross profitRs m1,0911,444933-35.4%-14.5%
DepreciationRs m434730661-9.4%52.2%
InterestRs m201171113-34.2%-43.9%
Profit before taxRs m510745319-57.3%-37.5%
TaxRs m157341106-69.0%-32.3%
Profit after taxRs m353404213-47.4%-39.8%
Gross profit margin%25.931.730.7
Effective tax rate%30.745.833.2
Net profit margin%8.38.56.6
* 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 27.9% on a year-on-year (YoY) basis. The expenses were down by 32.6% YoY during the same period.
  • The company's operating profit declined by 14.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.7% in 1QFY20 as against 25.9% in 1QFY19.
  • Depreciation charges increased by 52.2% and finance costs declined by 43.9% YoY, respectively.
  • Other income increased by 195.7% YoY during the quarter.
  • Net profit for the quarter declined by 39.8% YoY. Net profit margins during the quarter declined from 8.3% in 1QFY19 to 6.6% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 33.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 32.1% QoQ during the same period.
  • The company's operating profit declined by 35.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.7% in 1QFY20 as against 31.7% in 4QFY19.
  • Net profit for the quarter declined by 47.4% QoQ, while net profit margins declined from 8.5% in 4QFY19 to 6.6% in 1QFY20.

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 down from Rs 62.8 to Rs 31.8, registering a Loss of Rs 31.0 or around 49.4%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 8,902.8 (up 0.0%). Over the last one year it has moved down from 12,915.6 to 8,902.8, a gain of 4,013 points (down 31.1%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 31.8, the price to earnings (P/E) ratio of HINDUSTAN COPPER stands at 22.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 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.

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Jan 18, 2021 12:16 PM

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