HINDUSTAN COPPER Announces Quarterly Results (2QFY19); Net Profit Up 23.4%

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HINDUSTAN COPPER Announces Quarterly Results (2QFY19); Net Profit Up 23.4%
Wed, 14 Nov

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

HINDUSTAN COPPER Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m5,1934,2174,69411.3%-9.6%
Other incomeRs m2025425-53.6%-87.6%
TurnoverRs m5,3964,2704,71910.5%-12.5%
ExpensesRs m4,5433,1263,3677.7%-25.9%
Gross profitRs m6501,0911,32721.7%104.0%
DepreciationRs m36843471063.3%92.7%
InterestRs m47201109-45.9%132.8%
Profit before taxRs m4385105344.8%21.9%
TaxRs m15215718115.8%19.2%
Profit after taxRs m286353353-0.1%23.4%
Gross profit margin%12.525.928.3
Effective tax rate%34.730.733.9
Net profit margin%5.38.37.5
* 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 9.6% on a year-on-year (YoY) basis. The expenses were down by 25.9% YoY during the same period.
  • The company's operating profit increased by 104.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.3% in 2QFY19 as against 12.5% in 2QFY18.
  • Depreciation charges increased by 92.7% and finance costs increased by 132.8% YoY, respectively.
  • Other income declined by 87.6% YoY during the quarter.
  • Net profit for the quarter increased by 23.4% YoY. Net profit margins during the quarter increased from 5.3% in 2QFY18 to 7.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.7% QoQ during the same period.
  • The company's operating profit increased by 21.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.3% in 2QFY19 as against 25.9% in 1QFY18.
  • Net profit for the quarter declined by 0.1% QoQ, while net profit margins declined from 8.3% in 1QFY18 to 7.5% in 2QFY19.

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 97.3 to Rs 51.8, registering a Loss of Rs 45.5 or around 46.8%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,824.6 (up 0.3%). Over the last one year it has moved down from 14,274.2 to 12,824.6, a gain of 1,450 points (down 10.2%).

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 51.8, the price to earnings (P/E) ratio of HINDUSTAN COPPER stands at 42.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.

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