HONDA SIEL POWER Announces Quarterly Results (4QFY19); Net Profit Down 22.8%

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HONDA SIEL POWER Announces Quarterly Results (4QFY19); Net Profit Down 22.8%
Wed, 5 Jun

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

HONDA SIEL POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2,0652,1962,3054.9%11.6%
Other incomeRs m564636-22.9%-36.8%
TurnoverRs m2,1222,2422,3404.4%10.3%
ExpensesRs m1,8481,9272,12510.3%15.0%
Gross profitRs m217269180-33.2%-17.3%
DepreciationRs m545252-0.8%-3.7%
InterestRs m2000.0%-87.5%
Profit before taxRs m217263163-38.0%-24.9%
TaxRs m789455-40.7%-28.8%
Profit after taxRs m139169108-36.5%-22.8%
Gross profit margin%10.512.27.8
Effective tax rate%35.935.634.0
Net profit margin%6.67.54.6
* 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 11.6% on a year-on-year (YoY) basis. The expenses were up by 15.0% YoY during the same period.
  • The company's operating profit declined by 17.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.8% in 4QFY19 as against 10.5% in 4QFY18.
  • Depreciation charges declined by 3.7% and finance costs declined by 87.5% YoY, respectively.
  • Other income declined by 36.8% YoY during the quarter.
  • Net profit for the quarter declined by 22.8% YoY. Net profit margins during the quarter declined from 6.6% in 4QFY18 to 4.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.3% QoQ during the same period.
  • The company's operating profit declined by 33.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.8% in 4QFY19 as against 12.2% in 3QFY18.
  • Net profit for the quarter declined by 36.5% QoQ, while net profit margins declined from 7.5% in 3QFY18 to 4.6% in 4QFY19.

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 1,290.0 to Rs 1,003.5, registering a Loss of Rs 286.6 or around 22.2%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 25,125.2 (down 0.1%). Over the last one year it has moved up from 19,919.9 to 25,125.2, a gain of 5,205 points (up 26.1%).

Overall, the S&P BSE SENSEX is up 14.5% over the year.

Current Valuations

At the current price of Rs 1,003.5, the price to earnings (P/E) ratio of HONDA SIEL POWER stands at 18.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

Equitymaster requests your view! Post a comment on "HONDA SIEL POWER Announces Quarterly Results (4QFY19); Net Profit Down 22.8%". Click here!

1 Responses to "HONDA SIEL POWER Announces Quarterly Results (4QFY19); Net Profit Down 22.8%"

Ramji

Jun 23, 2019

You had recommended this around Rs 1314 and now it is slipping a lot what is the current view on this stock.. A lot of recos of SMS of 2017 is yielding only negative results.. Do we need a stop loss..?

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