Originally posted by atulbull
HYDERABAD INDUSTRIES net profit declines 11.75% in the June 2010 quarter
Sales rise 4.10% to Rs 216.29 crore
Net profit of Hyderabad Industries declined 11.75% to Rs 27.71 crore in the quarter ended June 2010 as against Rs 31.40 crore during the previous quarter ended June 2009. Sales rose 4.10% to Rs 216.29 crore in the quarter ended June 2010 as against Rs 207.78 crore during the previous quarter ended June 2009.
| Particulars |
Quarter Ended |
| |
Jun. 2010 |
Jun. 2009 |
% Var. |
| Sales |
216.29 |
207.78 |
4 |
| OPM % |
20.70 |
24.97 |
-17 |
| PBDT |
44.74 |
50.79 |
-12 |
| PBT |
41.05 |
47.83 |
-14 |
| NP |
27.71 |
31.40 |
-12 |
|
I guess we are paying about 6 times just because earnings are going to be volatile.
Now that Dharuhera is back to normal operations, and Golan has started commercial production, turnover will not be an issue. What I would like now is a very fast pruning of debt, which in any case, is well withing limits, but can be further brought down. That interest payment is lower for this quarter is signalling that the company may be taking step in that direction. Higher depreciation is perfectly okay.
Hyderabad Industries' price performance will depend a lot on the balance sheet exercise now. P/L with a quarterly EPS of 37 rupees a share is not a problem( even though its down from corresponding quarter last year). Even if the company ends with a full year EPS of 80 rupees, that wont have a huge impact on the market capitalisation in my opinion.******** ******** ****** ****** ******* ***** ******
Edited by basant - 21/Jul/2010 at 10:52am
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