X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
HOV SERVICES Announces Quarterly Results (4QFY18); Net Profit Down 4575.6%

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?  

Markets will remain closed on 18th October, 2018 on account of Dussehra.

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.

Equitymaster requests your view! Post a comment on "HOV SERVICES Announces Quarterly Results (4QFY18); Net Profit Down 4575.6%". Click here!

  

Related Views on News

Hindustan Aeronautics IPO: Yet Another Play on India's Defence Sector (IPO)

Mar 14, 2018

Should you apply for the IPO of state-run military aircraft maker Hindustan Aeronautics?

Bharat Dynamics IPO: Worth Betting on Defence Manufacturing? (IPO)

Mar 12, 2018

Should you apply for the IPO of Bharat Dynamics, India's first state-owned missile manufacturer?

Apollo Micro Systems Ltd. (IPO)

Jan 9, 2018

Should you subscribe to the IPO of Apollo Micro Systems Ltd?

Khadim India Ltd. (IPO)

Oct 31, 2017

Should you subscribe to the IPO of Khadim India Ltd?

Mahindra Logistics Ltd. (IPO)

Oct 28, 2017

Should you subscribe to the IPO of Mahindra Logistics Ltd?

More Views on News

Most Popular

Don't Panic in This Falling Market... Do This Instead(The 5 Minute Wrapup)

Oct 5, 2018

Find companies with long term durable moats, which are correcting with the current broader market sell-off.

Taxpayers to pay salaries of CEOs/CIOs of Mutual Funds(The Honest Truth)

Oct 5, 2018

Ajit Dayal on the crisis in the market and in the mutual fund industry.

This Market Crash could be the Biggest Wealth Creating Opportunity Since 2008(Profit Hunter)

Oct 8, 2018

While widespread fear is the friend of a value investor, serving up bargain purchases; personal fear is an investor's biggest enemy.

IPO Market Feels the Heat of the Market Crash(Sector Info)

Oct 12, 2018

The sentiments in primary market have also deteriorated amid the stock market correction. Most listed IPOs of 2018 are trading below their issue price.

Are These Deep Corrections a Buying Signal?(Chart Of The Day)

Oct 5, 2018

The correction has bought many good companies to reasonable valuations. Go against the wisdom of crowd and Buy.

More

Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

HOV SERVICES SHARE PRICE


Oct 17, 2018 (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 - KINGDEE INTER. COMPARISON

COMPARE HOV SERVICES WITH

MARKET STATS