HINDUSTAN COPPER Announces Quarterly Results (3QFY19); Net Profit Up 82.4%

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HINDUSTAN COPPER Announces Quarterly Results (3QFY19); Net Profit Up 82.4%
Fri, 15 Feb

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

HINDUSTAN COPPER Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m4,9104,6944,7421.0%-3.4%
Other incomeRs m67254787.6%-30.0%
TurnoverRs m4,9774,7194,7891.5%-3.8%
ExpensesRs m4,2053,3673,5465.3%-15.7%
Gross profitRs m7061,3271,196-9.9%69.5%
DepreciationRs m426710655-7.7%53.6%
InterestRs m6510975-31.2%14.6%
Profit before taxRs m281534514-3.8%82.5%
TaxRs m92181167-7.7%82.8%
Profit after taxRs m190353346-1.9%82.4%
Gross profit margin%14.428.325.2
Effective tax rate%32.533.932.6
Net profit margin%3.87.57.2
* 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 3.4% on a year-on-year (YoY) basis. The expenses were down by 15.7% YoY during the same period.
  • The company's operating profit increased by 69.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.2% in 3QFY19 as against 14.4% in 3QFY18.
  • Depreciation charges increased by 53.6% and finance costs increased by 14.6% YoY, respectively.
  • Other income declined by 30.0% YoY during the quarter.
  • Net profit for the quarter increased by 82.4% YoY. Net profit margins during the quarter increased from 3.8% in 3QFY18 to 7.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.3% QoQ during the same period.
  • The company's operating profit declined by 9.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.2% in 3QFY19 as against 28.3% in 2QFY18.
  • Net profit for the quarter declined by 1.9% QoQ, while net profit margins declined from 7.5% in 2QFY18 to 7.2% in 3QFY19.

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 78.2 to Rs 43.8, registering a Loss of Rs 34.4 or around 44.0%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 9,989.6 (down 2.6%). Over the last one year it has moved down from 15,367.0 to 9,989.6, a gain of 5,377 points (down 35.0%).

Overall, the S&P BSE SENSEX is up 4.4% over the year.

Current Valuations

At the current price of Rs 43.8, the price to earnings (P/E) ratio of HINDUSTAN COPPER stands at 31.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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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.

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