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- HOV SERVICES Announces Quarterly Results (1QFY20); Net Profit Up 3.1%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 28 | 23 | 28 | 18.4% | -3.0% |
| Other income | Rs m | 1 | 5 | 2 | -57.3% | 36.1% |
| Turnover | Rs m | 30 | 28 | 29 | 5.9% | -1.1% |
| Expenses | Rs m | 25 | 22 | 23 | 2.2% | -8.4% |
| Gross profit | Rs m | 3 | 1 | 5 | 451.2% | 37.8% |
| Depreciation | Rs m | 0 | 0 | 1 | 595.0% | 479.2% |
| Interest | Rs m | 0 | 0 | 0 | 0.0% | 0.0% |
| Profit before tax | Rs m | 5 | 5 | 5 | -9.2% | 4.2% |
| Tax | Rs m | 1 | 1 | 1 | 1.4% | 6.9% |
| Profit after tax | Rs m | 3 | 4 | 3 | -13.0% | 3.1% |
| Gross profit margin | % | 11.8 | 3.6 | 16.8 | ||
| Effective tax rate | % | 28.7 | 26.4 | 29.5 | ||
| Net profit margin | % | 10.9 | 13.8 | 11.4 |
Interim results exclude extraordinary / exceptional items
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.
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, 2019For 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, 2019Here'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, 2019For 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.
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