HOV SERVICES Announces Quarterly Results (1QFY20); Net Profit Up 3.1%

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?  

HOV SERVICES Announces Quarterly Results (1QFY20); Net Profit Up 3.1%
Tue, 13 Aug

HOV SERVICES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

HOV SERVICES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m28232818.4%-3.0%
Other incomeRs m152-57.3%36.1%
TurnoverRs m3028295.9%-1.1%
ExpensesRs m2522232.2%-8.4%
Gross profitRs m315451.2%37.8%
DepreciationRs m001595.0%479.2%
InterestRs m0000.0%0.0%
Profit before taxRs m555-9.2%4.2%
TaxRs m1111.4%6.9%
Profit after taxRs m343-13.0%3.1%
Gross profit margin%11.83.616.8
Effective tax rate%28.726.429.5
Net profit margin%10.913.811.4
* 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 3.0% on a year-on-year (YoY) basis. The expenses were down by 8.4% YoY during the same period.
  • The company's operating profit increased by 37.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.8% in 1QFY20 as against 11.8% in 1QFY19.
  • Depreciation charges increased by 479.2% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 36.1% YoY during the quarter.
  • Net profit for the quarter increased by 3.1% YoY. Net profit margins during the quarter increased from 10.9% in 1QFY19 to 11.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.2% QoQ during the same period.
  • The company's operating profit increased by 451.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.8% in 1QFY20 as against 3.6% in 4QFY19.
  • Net profit for the quarter declined by 13.0% QoQ, while net profit margins declined from 14.3% in 4QFY19 to 11.4% in 1QFY20.

To see how HOV SERVICES has performed over the last eight quarters,please visit here.

HOV SERVICES Share Price Performance

Over the last one year,HOV SERVICES share price has moved down from Rs 207.1 to Rs 90.0, registering a Loss of Rs 117.2 or around 56.6%.

Overall, the S&P BSE SENSEX is down 1.2% over the year.

Current Valuations

At the current price of Rs 90.0, the price to earnings (P/E) ratio of HOV SERVICES stands at 87.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.2 times.

Equitymaster requests your view! Post a comment on "HOV SERVICES Announces Quarterly Results (1QFY20); Net Profit Up 3.1%". Click here!

  

Related Views on News

HOV SERVICES Announces Quarterly Results (4QFY19); Net Profit Up 103.9% (Quarterly Result Update)

Jun 12, 2019 | Updated on Jun 12, 2019

For the quarter ended March 2019, HOV SERVICES has posted a net profit of Rs 4 m (up 103.9% YoY). Sales on the other hand came in at Rs 23 m (down 13.7% YoY). Read on for a complete analysis of HOV SERVICES's quarterly results.

HOV SERVICES 2017-18 Annual Report Analysis (Annual Result Update)

May 15, 2019 | Updated on May 15, 2019

Here's an analysis of the annual report of HOV SERVICES for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of HOV SERVICES. Also includes updates on the valuation of HOV SERVICES.

HOV SERVICES Announces Quarterly Results (3QFY19); Net Profit Down 19.5% (Quarterly Result Update)

Feb 25, 2019 | Updated on Feb 25, 2019

For the quarter ended December 2018, HOV SERVICES has posted a net profit of Rs 2 m (down 19.5% YoY). Sales on the other hand came in at Rs 27 m (down 9.1% YoY). Read on for a complete analysis of HOV SERVICES's quarterly results.

MSTC IPO: Should You Bet on This State-Run E-Commerce Player? (IPO)

Mar 13, 2019

Should you subscribe to the IPO of MSPC Limited?

More Views on News

Most Popular

How to Find the Best Stocks for Day Trading - 1(Fast Profits Daily)

Jul 2, 2020

In the first of two videos, I'll show you how to identify the best stocks for intraday trading.

Two Agri Stocks Are Likely to Outperform Even in this Market(Profit Hunter)

Jul 2, 2020

Why we have recommended two agriculture stocks for our Hidden Treasure subscribers. Read on...

A Warning for Traders: Don't Get Addicted to Hopium(Fast Profits Daily)

Jun 30, 2020

If you are a trader, you must watch out for this dangerous addiction.

Smallcaps Are in a Sweet Spot Again: Are You Buying?(Profit Hunter)

Jul 3, 2020

This is why I believe smallcaps are the place to be in the near future.

More

India's #1 Trader
Reveals His Secrets

The 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

HOV SERVICES SHARE PRICE


Jul 13, 2020 (Close)

TRACK HOV SERVICES

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

HOV SERVICES - 3I INFOTECH LTD. COMPARISON

COMPARE HOV SERVICES WITH

MARKET STATS