HONDA SIEL POWER Announces Quarterly Results (2QFY19); Net Profit Down 10.6%

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HONDA SIEL POWER Announces Quarterly Results (2QFY19); Net Profit Down 10.6%
Mon, 5 Nov

HONDA SIEL POWER has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

HONDA SIEL POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,8521,8131,8451.7%-0.4%
Other incomeRs m315936-38.8%15.4%
TurnoverRs m1,8831,8721,8810.5%-0.1%
ExpensesRs m1,59815,8171,621-89.8%1.4%
Gross profitRs m25419622414.1%-11.9%
DepreciationRs m5753540.2%-5.5%
InterestRs m001100.0%0.0%
Profit before taxRs m2292022062.2%-10.0%
TaxRs m7971722.4%-8.8%
Profit after taxRs m1501311342.1%-10.6%
Gross profit margin%13.710.812.1
Effective tax rate%34.635.035.1
Net profit margin%7.97.07.1
* 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 0.4% on a year-on-year (YoY) basis. The expenses were up by 1.4% YoY during the same period.
  • The company's operating profit declined by 11.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.1% in 2QFY19 as against 13.7% in 2QFY18.
  • Depreciation charges declined by 5.5% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 15.4% YoY during the quarter.
  • Net profit for the quarter declined by 10.6% YoY. Net profit margins during the quarter declined from 7.9% in 2QFY18 to 7.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 89.8% QoQ during the same period.
  • The company's operating profit increased by 14.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.1% in 2QFY19 as against 10.8% in 1QFY18.
  • Net profit for the quarter increased by 2.1% QoQ, while net profit margins increased from 7.0% in 1QFY18 to 7.1% in 2QFY19.

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 up from Rs 1,368.6 to Rs 1,060.0, registering a Loss of Rs 308.6 or around 22.5%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 19,609.6 (down 0.5%). Over the last one year it has moved up from 18,602.2 to 19,609.6, a gain of 1,007 points (up 5.4%).

Overall, the S&P BSE SENSEX is up 4.1% over the year.

Current Valuations

At the current price of Rs 1,060.0, the price to earnings (P/E) ratio of HONDA SIEL POWER stands at 17.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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