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HIND. CONSTRUCTION Announces Quarterly Results (4QFY18); Net Profit Down 3.9%

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HIND. CONSTRUCTION Announces Quarterly Results (4QFY18); Net Profit Down 3.9%
Fri, 20 Jul

HIND. CONSTRUCTION has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

HIND. CONSTRUCTION Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m13,58312,30914,42717.2%6.2%
Other incomeRs m70662168710.7%-2.6%
TurnoverRs m14,28912,93015,11516.9%5.8%
ExpensesRs m11,34210,66912,83320.3%13.1%
Gross profitRs m2,0291,6401,595-2.8%-21.4%
DepreciationRs m28329435219.9%24.2%
InterestRs m2,0801,5081,6408.8%-21.1%
Profit before taxRs m372460290-36.8%-21.9%
TaxRs m16314689-38.9%-45.0%
Profit after taxRs m209313201-35.8%-3.9%
Gross profit margin%14.913.311.1
Effective tax rate%43.731.930.8
Net profit margin%1.52.41.3
* 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 6.2% on a year-on-year (YoY) basis. The expenses were up by 13.1% YoY during the same period.
  • The company's operating profit declined by 21.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.1% in 4QFY18 as against 14.9% in 4QFY17.
  • Depreciation charges and finance costs increased by 24.2% YoY and 21.1% YoY, respectively.
  • Other income declined by 2.6% YoY during the quarter.
  • Net profit for the quarter declined by 3.9% YoY. Net profit margins during the quarter declined from 1.5% in 4QFY17 to 1.3% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 17.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 20.3% QoQ during the same period.
  • The company's operating profit declined by 2.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.1% in 4QFY18 as against 13.3% in 3QFY17.
  • Net profit for the quarter declined by 35.8% QoQ, while net profit margins declined from 2.4% in 3QFY17 to 1.3% in 4QFY18.

To see how HIND. CONSTRUCTION has performed over the last eight quarters, please visit here.

HIND. CONSTRUCTION Share Price Performance

Over the last one year, HIND. CONSTRUCTION share price has moved up from Rs 40.2 to Rs 9.9, registering a Loss of Rs -30.3 or around 75.3%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,978.1 (up 0.9%). Over the last one year it has moved down from 2,184.4 to 1,978.1, a gain of -206.3 points (down 9.4%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 9.9, the price to earnings (P/E) ratio of HIND. CONSTRUCTION stands at 10.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -2.1 times.

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