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

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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 ChangeYoY Change
Net SalesRs m4,5572,9773,74525.8%-17.8%
Other incomeRs m6411687-25.0%35.6%
TurnoverRs m4,6213,0943,83223.9%-17.1%
ExpensesRs m3,8632,7943,09310.7%-19.9%
Gross profitRs m694183652256.1%-6.0%
DepreciationRs m123126122-3.2%-0.8%
InterestRs m77748514.6%9.3%
Profit before taxRs m558100533434.0%-4.5%
TaxRs m22719153702.6%-32.5%
Profit after taxRs m33181380370.4%14.8%
Gross profit margin%15.26.217.4
Effective tax rate%40.719.128.8
Net profit margin%7.22.69.9
* 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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