HIND NAT. GLASS Announces Quarterly Results (2QFY19); Net Profit Down 11.6%

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HIND NAT. GLASS Announces Quarterly Results (2QFY19); Net Profit Down 11.6%
Tue, 27 Nov

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

HIND NAT. GLASS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m4,3085,6685,8112.5%34.9%
Other incomeRs m62514-43.1%141.4%
TurnoverRs m4,3145,6935,8252.3%35.0%
ExpensesRs m3,9865,2745,5745.7%39.8%
Gross profitRs m3221,347237-82.4%-26.5%
DepreciationRs m4033874003.5%-0.6%
InterestRs m6316366380.3%1.2%
Profit before taxRs m-706348-788-326.5%
TaxRs m0000.0%0.0%
Profit after taxRs m-706348-788-326.5%
Gross profit margin%7.523.84.1
Effective tax rate%0.00.00.0
Net profit margin%-16.46.1-13.5
* 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 34.9% on a year-on-year (YoY) basis. The expenses were up by 39.8% YoY during the same period.
  • The company's operating profit declined by 26.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.1% in 2QFY19 as against 7.5% in 2QFY18.
  • Depreciation charges declined by 0.6% and finance costs increased by 1.2% YoY, respectively.
  • Other income increased by 141.4% YoY during the quarter.
  • Net profit for the quarter declined by 11.6% YoY. Net profit margins during the quarter increased from -16.4% in 2QFY18 to -13.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.7% QoQ during the same period.
  • The company's operating profit declined by 82.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.1% in 2QFY19 as against 23.8% in 1QFY18.
  • Net profit for the quarter declined by 326.5% QoQ, while net profit margins declined from 6.1% in 1QFY18 to -13.5% in 2QFY19.

To see how HIND NAT. GLASS has performed over the last eight quarters, please visit here.

HIND NAT. GLASS Share Price Performance

Over the last one year, HIND NAT. GLASS share price has moved up from Rs 128.5 to Rs 83.5, registering a Loss of Rs 45.0 or around 35.0%.

Overall, the S&P BSE SENSEX is up 5.1% over the year.

Current Valuations

At the current price of Rs 83.5, the price to book value (P/BV) ratio of HIND NAT. GLASS stands at 1.0 times.

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