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

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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.

Get Details: First Stock to Potentially Accumulate Rs 7 Crore Long-term Wealth

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.

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