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HIMATSINGKA SEIDE Announces Quarterly Results (1QFY19); Net Profit Down 12.0%

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HIMATSINGKA SEIDE Announces Quarterly Results (1QFY19); Net Profit Down 12.0%
Mon, 13 Aug

HIMATSINGKA SEIDE has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

HIMATSINGKA SEIDE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m5,3515,6345,8263.4%8.9%
Other incomeRs m3672188161.0%416.2%
TurnoverRs m5,3885,7066,0145.4%11.6%
ExpensesRs m4,2664,3954,6716.3%9.5%
Gross profitRs m1,0851,2401,155-6.8%6.5%
DepreciationRs m17020526328.4%54.6%
InterestRs m25231936614.8%45.0%
Profit before taxRs m699788715-9.4%2.2%
TaxRs m193285269-5.6%39.3%
Profit after taxRs m506503446-11.5%-12.0%
Gross profit margin%20.322.019.8
Effective tax rate%27.636.137.6
Net profit margin%9.48.87.4
* 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 8.9% on a year-on-year (YoY) basis. The expenses were up by 9.5% YoY during the same period.
  • The company's operating profit increased by 6.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 19.8% in 1QFY19.
  • Depreciation charges and finance costs increased by 54.6% YoY and 45.0% YoY, respectively.
  • Other income increased by 416.2% YoY during the quarter.
  • Net profit for the quarter declined by 12.0% YoY. Net profit margins during the quarter declined from 9.4% in 1QFY18 to 7.4% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.3% QoQ during the same period.
  • The company's operating profit declined by 6.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.8% in 1QFY19 as against 22.0% in 4QFY18.
  • Net profit for the quarter declined by 11.5% QoQ, while net profit margins declined from 8.8% in 4QFY18 to 7.4% in 1QFY19.

To see how HIMATSINGKA SEIDE has performed over the last eight quarters, please visit here.

HIMATSINGKA SEIDE Share Price Performance

Over the last one year, HIMATSINGKA SEIDE share price has moved up from Rs 310.5 to Rs 284.0, registering a Loss of Rs 26.5 or around 8.5%.

Overall, the S&P BSE SENSEX is up 19.4% over the year.

Current Valuations

At the current price of Rs 284.0, the price to earnings (P/E) ratio of HIMATSINGKA SEIDE stands at 14.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

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HIMATSINGKA SEIDE Announces Quarterly Results (2QFY19); Net Profit Up 4.3% (Quarterly Result Update)

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, HIMATSINGKA SEIDE has posted a net profit of Rs 527 m (up 4.3% YoY). Sales on the other hand came in at Rs 7 bn (up 15.1% YoY). Read on for a complete analysis of HIMATSINGKA SEIDE's quarterly results.

HIMATSINGKA SEIDE 2017-18 Annual Report Analysis (Annual Result Update)

Oct 8, 2018 | Updated on Oct 8, 2018

Here's an analysis of the annual report of HIMATSINGKA SEIDE for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of HIMATSINGKA SEIDE. Also includes updates on the valuation of HIMATSINGKA SEIDE.

HIMATSINGKA SEIDE Announces Quarterly Results (4QFY18); Net Profit Up 15.5% (Quarterly Result Update)

Jun 11, 2018 | Updated on Jun 11, 2018

For the quarter ended March 2018, HIMATSINGKA SEIDE has posted a net profit of Rs 503 m (up 15.5% YoY). Sales on the other hand came in at Rs 6 bn (up 38.9% YoY). Read on for a complete analysis of HIMATSINGKA SEIDE's quarterly results.

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