HEG LTD Announces Quarterly Results (3QFY19); Net Profit Up 153.4%
Thu, 14 Feb

HEG LTD has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

HEG LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m8,42717,93818,6504.0%121.3%
Other incomeRs m5320437282.6%601.9%
TurnoverRs m8,48018,14219,0224.9%124.3%
ExpensesRs m2,8524,2505,51529.8%93.4%
Gross profitRs m5,57513,68813,135-4.0%135.6%
DepreciationRs m1891811852.2%-2.0%
InterestRs m1275436-33.8%-71.8%
Profit before taxRs m5,31213,65713,286-2.7%150.1%
TaxRs m1,8914,7684,618-3.1%144.2%
Profit after taxRs m3,4218,8898,668-2.5%153.4%
Gross profit margin%66.276.370.4
Effective tax rate%35.634.934.8
Net profit margin%40.349.045.6
* 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 121.3% on a year-on-year (YoY) basis. The expenses were up by 93.4% YoY during the same period.
  • The company's operating profit increased by 135.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 70.4% in 3QFY19 as against 66.2% in 3QFY18.
  • Depreciation charges declined by 2.0% and finance costs declined by 71.8% YoY, respectively.
  • Other income increased by 601.9% YoY during the quarter.
  • Net profit for the quarter increased by 153.4% YoY. Net profit margins during the quarter increased from 40.3% in 3QFY18 to 45.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 29.8% QoQ during the same period.
  • The company's operating profit declined by 4.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 70.4% in 3QFY19 as against 76.3% in 2QFY18.
  • Net profit for the quarter declined by 2.5% QoQ, while net profit margins declined from 49.0% in 2QFY18 to 45.6% in 3QFY19.

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

HEG LTD Share Price Performance

Over the last one year, HEG LTD share price has moved up from Rs 2,860.7 to Rs 2,239.0, registering a Loss of Rs 621.7 or around 21.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,307.9 (up 0.2%). Over the last one year it has moved down from 19,622.2 to 16,307.9, a gain of 3,314 points (down 16.9%).

Overall, the S&P BSE SENSEX is up 5.1% over the year.

Current Valuations

At the current price of Rs 2,239.0, the price to earnings (P/E) ratio of HEG LTD stands at 3.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.2 times.