HINDUSTAN COPPER Announces Quarterly Results (2QFY20); Net Profit Down 44.6%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Markets will remain closed on 14th April, 2021 on account of Dr. Baba Saheb Ambedkar Jayanti.

HINDUSTAN COPPER Announces Quarterly Results (2QFY20); Net Profit Down 44.6%
Fri, 15 Nov

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

HINDUSTAN COPPER Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m4,6943,0412,877-5.4%-38.7%
Other incomeRs m2515982-48.6%228.0%
TurnoverRs m4,7193,2002,959-7.5%-37.3%
ExpensesRs m3,3672,1081,726-18.1%-48.7%
Gross profitRs m1,3279331,15123.4%-13.3%
DepreciationRs m7106617229.2%1.8%
InterestRs m10911318161.0%66.9%
Profit before taxRs m5343193293.4%-38.3%
TaxRs m18110613426.5%-26.0%
Profit after taxRs m353213195-8.1%-44.6%
Gross profit margin%28.330.740.0
Effective tax rate%33.933.240.7
Net profit margin%7.56.66.6
* 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 38.7% on a year-on-year (YoY) basis. The expenses were down by 48.7% YoY during the same period.
  • The company's operating profit declined by 13.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 40.0% in 2QFY20 as against 28.3% in 2QFY19.
  • Depreciation charges increased by 1.8% and finance costs increased by 66.9% YoY, respectively.
  • Other income increased by 228.0% YoY during the quarter.
  • Net profit for the quarter declined by 44.6% YoY. Net profit margins during the quarter declined from 7.5% in 2QFY19 to 6.6% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.1% QoQ during the same period.
  • The company's operating profit increased by 23.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 40.0% in 2QFY20 as against 30.7% in 1QFY19.
  • Net profit for the quarter declined by 8.1% QoQ, while net profit margins declined from 6.7% in 1QFY19 to 6.6% in 2QFY20.

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

Revealed: 3 Stocks for Potentially Massive Gains

HINDUSTAN COPPER Share Price Performance

Over the last one year,HINDUSTAN COPPER share price has moved down from Rs 50.6 to Rs 37.7, registering a Loss of Rs 12.9 or around 25.4%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 9,370.5 (up 0.5%). Over the last one year it has moved down from 12,769.6 to 9,370.5, a gain of 3,399 points (down 26.6%).

Overall, the S&P BSE SENSEX is up 15.3% over the year.

Current Valuations

At the current price of Rs 37.7, the price to earnings (P/E) ratio of HINDUSTAN COPPER stands at 30.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

Equitymaster requests your view! Post a comment on "HINDUSTAN COPPER Announces Quarterly Results (2QFY20); Net Profit Down 44.6%". Click here!

  

Related Views on News

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

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, HINDUSTAN COPPER has posted a net profit of Rs 213 m (down 39.8% YoY). Sales on the other hand came in at Rs 3 bn (down 27.9% YoY). Read on for a complete analysis of HINDUSTAN COPPER's quarterly results.

HINDUSTAN COPPER Announces Quarterly Results (4QFY19); Net Profit Up 83.9% (Quarterly Result Update)

May 29, 2019 | Updated on May 29, 2019

For the quarter ended March 2019, HINDUSTAN COPPER has posted a net profit of Rs 404 m (up 83.9% YoY). Sales on the other hand came in at Rs 5 bn (up 18.8% YoY). Read on for a complete analysis of HINDUSTAN COPPER's quarterly results.

More Views on News

Most Popular

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

4 Stocks to Make Your Portfolio Immune to the Second Covid Wave(Profit Hunter)

Apr 6, 2021

Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.

If the Market Falls, I Will Do This...(Fast Profits Daily)

Apr 1, 2021

What should you do if the market falls? In this video, I'll tell you what I will do.

The Indian Real Estate Party Has Just Begun(Profit Hunter)

Apr 1, 2021

A favourable demand supply scenario makes a strong case for real estate prices.

The Dilemma of Investing in Bharti Airtel(Views On News)

Apr 1, 2021

Rahul Shah on whether Bharti Airtel will emerge as the next big thing in the Indian stock market

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

HINDUSTAN COPPER SHARE PRICE


Apr 13, 2021 (Close)

TRACK HINDUSTAN COPPER

  • Track your investment in HINDUSTAN COPPER with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON HINDUSTAN COPPER

HINDUSTAN COPPER 5-YR ANALYSIS

COMPARE HINDUSTAN COPPER WITH

MARKET STATS