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HIL Announces Quarterly Results (1QFY21); Net Profit Up 14.8%

HIL Announces Quarterly Results (1QFY21); Net Profit Up 14.8%
Mon, 10 Aug

HIL has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

HIL Quarterly Financials

No. of Mths Qtr. Ending		3 Jun-19*	3 Mar-20*	3 Jun-20*	QoQ Change	YoY Change
Net Sales	Rs m	4,557	2,977	3,745	25.8%	-17.8%
Other income	Rs m	64	116	87	-25.0%	35.6%
Turnover	Rs m	4,621	3,094	3,832	23.9%	-17.1%
Expenses	Rs m	3,863	2,794	3,093	10.7%	-19.9%
Gross profit	Rs m	694	183	652	256.1%	-6.0%
Depreciation	Rs m	123	126	122	-3.2%	-0.8%
Interest	Rs m	77	74	85	14.6%	9.3%
Profit before tax	Rs m	558	100	533	434.0%	-4.5%
Tax	Rs m	227	19	153	702.6%	-32.5%
Profit after tax	Rs m	331	81	380	370.4%	14.8%
Gross profit margin	%	15.2	6.2	17.4
Effective tax rate	%	40.7	19.1	28.8
Net profit margin	%	7.2	2.6	9.9

* 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 17.8% on a year-on-year (YoY) basis. The expenses were down by 19.9% YoY during the same period.
The company's operating profit declined by 6.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.4% in 1QFY21 as against 15.2% in 1QFY20.
Depreciation charges declined by 0.8% and finance costs increased by 9.3% YoY, respectively.
Other income increased by 35.6% YoY during the quarter.
Net profit for the quarter increased by 14.8% YoY. Net profit margins during the quarter increased from 7.2% in 1QFY20 to 9.9% in 1QFY21.

Quarter-on-Quarter Performance:

The company's operating income during the quarter grew 25.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.7% QoQ during the same period.
The company's operating profit increased by 256.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.4% in 1QFY21 as against 6.2% in 4QFY20.
Net profit for the quarter increased by 370.4% QoQ, while net profit margins increased from 2.6% in 4QFY20 to 9.9% in 1QFY21.

To see how HIL has performed over the last eight quarters,please visit here.

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HIL Share Price Performance

Over the last one year,HIL share price has moved up from Rs 1,219.0 to Rs 1,574.1, registering a Gain of Rs 355.2 or around 29.1%.

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 1,574.1, the price to earnings (P/E) ratio of HIL stands at 14.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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HIL SHARE PRICE

BSE: 2,196.95 -0.22% NSE: 2,194.00 -0.10%
Jan 19, 2021 03:36 PM

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LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

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HIL Announces Quarterly Results (1QFY21); Net Profit Up 14.8% Mon, 10 Aug