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

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HOV SERVICES Announces Quarterly Results (4QFY19); Net Profit Up 103.9%
Wed, 12 Jun

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

HOV SERVICES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m272723-12.4%-13.7%
Other incomeRs m225159.3%168.4%
TurnoverRs m292828-1.6%-2.8%
ExpensesRs m232522-10.2%-2.8%
Gross profitRs m-9821-46.8%
DepreciationRs m00011.1%-9.1%
InterestRs m0000.0%0.0%
Profit before taxRs m-973565.0%
TaxRs m21125.5%-30.7%
Profit after taxRs m-992486.0%
Gross profit margin%-365.46.03.6
Effective tax rate%-2.134.726.4
Net profit margin%-345.47.313.8
* 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 13.7% on a year-on-year (YoY) basis. The expenses were down by 2.8% YoY during the same period.
  • The company's operating profit declined by 100.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.6% in 4QFY19 as against 365.4% in 4QFY18.
  • Depreciation charges declined by 9.1% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 168.4% YoY during the quarter.
  • Net profit for the quarter increased by 103.9% YoY. Net profit margins during the quarter increased from -345.4% in 4QFY18 to 13.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 10.2% QoQ during the same period.
  • The company's operating profit declined by 46.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.6% in 4QFY19 as against 6.0% in 3QFY18.
  • Net profit for the quarter increased by 86.0% QoQ, while net profit margins increased from 7.1% in 3QFY18 to 13.8% in 4QFY19.

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 226.8 to Rs 126.2, registering a Loss of Rs 100.6 or around 44.4%.

Overall, the S&P BSE SENSEX is up 12.1% over the year.

Current Valuations

At the current price of Rs 126.2, the price to earnings (P/E) ratio of HOV SERVICES stands at 123.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.2 times.

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