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

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HINDUSTAN COPPER Announces Quarterly Results (4QFY19); Net Profit Up 83.9%
Wed, 29 May

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

HINDUSTAN COPPER Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m3,8274,7424,548-4.1%18.8%
Other incomeRs m10947203333.3%86.6%
TurnoverRs m3,9364,7894,751-0.8%20.7%
ExpensesRs m3,0193,5463,104-12.5%2.8%
Gross profitRs m8081,1961,44420.7%78.8%
DepreciationRs m50965573011.5%43.6%
InterestRs m6975171129.2%147.5%
Profit before taxRs m33951474545.2%120.0%
TaxRs m119167341103.9%186.6%
Profit after taxRs m22034640416.8%83.9%
Gross profit margin%21.125.231.7
Effective tax rate%35.132.645.8
Net profit margin%5.67.28.5
* 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 grew 18.8% on a year-on-year (YoY) basis. The expenses were up by 2.8% YoY during the same period.
  • The company's operating profit increased by 78.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.7% in 4QFY19 as against 21.1% in 4QFY18.
  • Depreciation charges increased by 43.6% and finance costs increased by 147.5% YoY, respectively.
  • Other income increased by 86.6% YoY during the quarter.
  • Net profit for the quarter increased by 83.9% YoY. Net profit margins during the quarter increased from 5.6% in 4QFY18 to 8.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.5% QoQ during the same period.
  • The company's operating profit increased by 20.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.7% in 4QFY19 as against 25.2% in 3QFY18.
  • Net profit for the quarter increased by 16.8% QoQ, while net profit margins increased from 7.2% in 3QFY18 to 8.5% in 4QFY19.

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 75.0 to Rs 46.4, registering a Loss of Rs 28.6 or around 38.2%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,999.2 (down 1.2%). Over the last one year it has moved down from 13,637.9 to 10,999.2, a gain of 2,639 points (down 19.3%).

Overall, the S&P BSE SENSEX is up 12.9% over the year.

Current Valuations

At the current price of Rs 46.4, the price to earnings (P/E) ratio of HINDUSTAN COPPER stands at 29.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 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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