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

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HOV SERVICES Announces Quarterly Results (4QFY18); Net Profit Down 4575.6%
Wed, 13 Jun

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

HOV SERVICES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m352927-7.7%-23.8%
Other incomeRs m342-51.7%-42.0%
TurnoverRs m383329-12.5%-25.2%
ExpensesRs m342923-20.8%-32.2%
Gross profitRs m10-98-109444.4%-7555.3%
DepreciationRs m0000.0%-24.1%
InterestRs m0000.0%0.0%
Profit before taxRs m43-97-2942.2%-2535.2%
TaxRs m212136.9%12.4%
Profit after taxRs m23-99-3948.6%-4575.6%
Gross profit margin%3.70.3-365.4
Effective tax rate%44.524.6-2.1
Net profit margin%5.87.9-345.4
* 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 23.8% on a year-on-year (YoY) basis. The expenses were down by 32.2% YoY during the same period.
  • The company's operating profit declined by 7555.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 365.4% in 4QFY18 as against 3.7% in 4QFY17.
  • Depreciation charges and finance costs declined by 24.1% YoY and 0.0% YoY, respectively.
  • Other income declined by 42.0% YoY during the quarter.
  • Net profit for the quarter declined by 4575.6% YoY. Net profit margins during the quarter declined from 5.8% in 4QFY17 to 345.4% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 20.8% QoQ during the same period.
  • The company's operating profit increased by 109444.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 365.4% in 4QFY18 as against 0.3% in 3QFY17.
  • Net profit for the quarter declined by 3948.6% QoQ, while net profit margins declined from 9.1% in 3QFY17 to 345.4% in 4QFY18.

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 307.1 to Rs 230.4, registering a Loss of Rs -76.7 or around 25.0%.

Overall, the S&P BSE SENSEX is up 0.3% over the year.

Current Valuations

At the current price of Rs 230.4, the price to earnings (P/E) ratio of HOV SERVICES stands at NM times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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