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HOV SERVICES Announces Quarterly Results (2QFY19); Net Profit Down 22.2%

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HOV SERVICES Announces Quarterly Results (2QFY19); Net Profit Down 22.2%
Wed, 14 Nov

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

HOV SERVICES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3528291.6%-16.8%
Other incomeRs m2126.3%-34.3%
TurnoverRs m3730301.8%-17.9%
ExpensesRs m3025250.3%-17.5%
Gross profitRs m43411.6%-11.6%
DepreciationRs m0000.0%-17.2%
InterestRs m0000.0%0.0%
Profit before taxRs m65510.5%-19.7%
TaxRs m2113.8%-12.3%
Profit after taxRs m53413.2%-22.2%
Gross profit margin%12.211.813.0
Effective tax rate%24.728.727.0
Net profit margin%12.810.912.1
* 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 16.8% on a year-on-year (YoY) basis. The expenses were down by 17.5% YoY during the same period.
  • The company's operating profit declined by 11.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.0% in 2QFY19 as against 12.2% in 2QFY18.
  • Depreciation charges declined by 17.2% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 34.3% YoY during the quarter.
  • Net profit for the quarter declined by 22.2% YoY. Net profit margins during the quarter declined from 12.8% in 2QFY18 to 12.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.3% QoQ during the same period.
  • The company's operating profit increased by 11.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.0% in 2QFY19 as against 11.8% in 1QFY18.
  • Net profit for the quarter increased by 13.2% QoQ, while net profit margins increased from 10.0% in 1QFY18 to 12.1% in 2QFY19.

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 up from Rs 267.2 to Rs 190.0, registering a Loss of Rs 77.2 or around 28.9%.

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 190.0, the price to book value (P/BV) ratio of HOV SERVICES stands at 1.4 times.

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

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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.

HOV SERVICES Announces Quarterly Results (4QFY18); Net Profit Down 4575.6% (Quarterly Result Update)

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For the quarter ended March 2018, HOV SERVICES has posted a net profit of Rs 99 m (down 4575.6% YoY). Sales on the other hand came in at Rs 27 m (down 23.8% YoY). Read on for a complete analysis of HOV SERVICES's quarterly results.

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