HONDA SIEL POWER Announces Quarterly Results (1QFY20); Net Profit Up 34.7%

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HONDA SIEL POWER Announces Quarterly Results (1QFY20); Net Profit Up 34.7%
Thu, 8 Aug

HONDA SIEL POWER has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

HONDA SIEL POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,8132,3052,054-10.9%13.3%
Other incomeRs m59364527.2%-23.0%
TurnoverRs m1,8722,3402,099-10.3%12.1%
ExpensesRs m15,8172,1251,768-16.8%-88.8%
Gross profitRs m19618028659.1%45.5%
DepreciationRs m53525913.3%10.3%
InterestRs m001133.3%133.3%
Profit before taxRs m20216327266.7%34.7%
TaxRs m71559571.5%34.8%
Profit after taxRs m13110817764.2%34.7%
Gross profit margin%10.87.813.9
Effective tax rate%35.034.035.0
Net profit margin%7.04.68.4
* 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 grew 13.3% on a year-on-year (YoY) basis. The expenses were down by 88.8% YoY during the same period.
  • The company's operating profit increased by 45.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.9% in 1QFY20 as against 10.8% in 1QFY19.
  • Depreciation charges increased by 10.3% and finance costs increased by 133.3% YoY, respectively.
  • Other income declined by 23.0% YoY during the quarter.
  • Net profit for the quarter increased by 34.7% YoY. Net profit margins during the quarter increased from 7.0% in 1QFY19 to 8.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.8% QoQ during the same period.
  • The company's operating profit increased by 59.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.9% in 1QFY20 as against 7.8% in 4QFY19.
  • Net profit for the quarter increased by 64.2% QoQ, while net profit margins increased from 4.6% in 4QFY19 to 8.4% in 1QFY20.

To see how HONDA SIEL POWER has performed over the last eight quarters,please visit here.

HONDA SIEL POWER Share Price Performance

Over the last one year,HONDA SIEL POWER share price has moved down from Rs 1,274.4 to Rs 906.0, registering a Loss of Rs 368.4 or around 28.9%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 22,252.5 (down 0.0%). Over the last one year it has moved up from 21,968.2 to 22,252.5, a gain of 284 points (up 1.3%).

Overall, the S&P BSE SENSEX is down 1.4% over the year.

Current Valuations

At the current price of Rs 906.0, the price to earnings (P/E) ratio of HONDA SIEL POWER stands at 15.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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