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Himatsingka Seide Ltd. — Earnings Release 2020
Feb 8, 2020
59230_rns_2020-02-08_30bf955e-d701-4a71-a682-d519deccf8f2.pdf
Earnings Release
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Himatsingka $
REF: HSL/SEC/2020/08
February 8, 2020
BSE Ltd. Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001 Script Code: 514043
National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, Plot No. C/1 G Block, Bandra-Kurla Complex, Sandra (E) Mumbai - 400 051 Symbol: HIMATSEIDE
Dear Sirs,
Sub: Press Release - February 8, 2020
We are enclosing herewith press release dated February 8, 2020.
Please take the same on record.
Thanking you,
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Seide Limited
As.11�,�harma Company Secretary
Encl: as above
Himatsingka Seide Limited
Registered Office: 10/24 Kumara Krupa Road High Grounds, Bangalore 560 001, India T +91 80 2237 8000, F +91 80 4147 9384 E [email protected] CIN L17112KA1985PLC006647 www.himatsingka.com
PRESS RELEASE Bengaluru, February 08, 2020
Himatsingka �
Bengaluru, Feb. 08, 2020 - Himatsingka Seide Ltd. announced its financial results for the quarter ended December 31[st] , 2019, today.
Q3 FY20 Total Revenue at ?675.85 Crores, Up 2.2% Y-o-Y
CONSOLIDATED FINANCIAL SUMMARY -Q3 FY20
(Figures in < Crores, unless mentioned)
| Particulars | Q3 FY20 | Q3 FY19 | % | Change | 9M FY20 | 9M FY19 | % | Change | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Income" | 675.85 | 661.25 | 2.2% | 1,973.89 | 1,961.52 | 0.63% | |||||
| - | ,_ | -- | |||||||||
| EBITDA | 124.71 | 151 07 | -17 5% | 408.36 | 439 50 | -71% | |||||
| ---- | ,_ | 1,- | |||||||||
| EBlTDA Margin (%) | 18.5% | 22 8% | 20.7% | 22 4% | |||||||
| - --- |
,- | - | ·--- | -- | |||||||
| EBIT | 89.74 | 123.68 | -27.4% | 320.54 | 359.55 | -10.8% | |||||
| ------ | - | - | - -- | --- | - | ||||||
| EBIT Margin(%) | 13.3% | 18.7% | 16.2% | 18 3% | |||||||
| --- | - | -,- | |||||||||
| PBT (Befre Exceptional Items) | 39.35 | 82.66 | -52.% | 179.33 | 241 32 | -25 7% | |||||
| ,- | ,- | - | |||||||||
| PBT Margin(%) | -- | 5.8% | 12.5% -- |
9.1% | 12_3% | --- - | |||||
| PAT* (Before Exceptional Items) | 27.94 | 5 l.16 | -45 4% | 113.90 | 148.47 | -23 3% | |||||
| - | ·-- | t• | -- | - | - | ||||||
| PAT Margin(%) (Before Exceptional Items) | 4.1% | 7.7% | 5.8% | 7 6% | |||||||
| -- | ,_ | ,_ | --- | - | - | ||||||
| PAT | 2.78 | 51.16 | -94 6% | 82.09 | 148.7 | -44 7% | |||||
| - | - | - |
-- | ·-- | |||||||
| PAT Margin(%) | 0.4% | 7.7% | 4.2% | 7.6% |
/\ Total Income is adjusted for reversal of MEIS of n 1.28 crores in Q3 FY20
- PAT (Before Exceptional items) is adjusted for tax.
CONSOLIDATED FINANCIAL HIGHLIGHTS FOR THE QUARTER ENDED 31[st ] DECEMBER 2019
-
Consolidated Total Income[/\ ] for Q3 FY2020 stood at f675.85 Crores vs f661.25 Crores in Q3 FY 2019, an increase of 2.2%.
-
Consolidated EBITDA for Q3 FY 2020 was fl 24.71 Crores vs t151.07 Crores in Q3 FY 2019, a decline of 17.5%. EBITDA was adversely impacted by reversal of MEIS of Rs. 11.28 crores during the quarter.
-
Consolidated EBIT for Q3 FY 2020 declined to t89.74 Crores vs f123.68 Crores in Q3 FY 2019.
-
Consolidated PBT, before exceptional items, for Q3 FY 2020 stood at f39.35 Crores vs f82.66 Crores in Q3 FY 2019. The exceptional item off34.03 Crores represents, reversal of MEIS benefit oft25.65 Crores and expenditure of f8.38 Crores towards restructuring of European business.
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PRESS RELEASE Bengaluru, February 08, 2020
Himatsingka �
-
Consolidated PAT, before exceptional items adjusted for tax, for Q3 FY 2020 stood at t27.94 Crores vs t5l.l6 Crores in Q3 FY 2019.
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Consolidated PAT for Q3 FY 2020 stood at n.78 Crores vs t51.16 Crores in Q3 FY 2019.
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Basic and Diluted Earnings per Share (EPS), before exceptional items, for Q3 FY 2020 stood at 2.84 vs t5.20 in Q3 FY 2019.
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Basic and Diluted Earnings per Share (EPS) for Q3 FY 2020 stood at t0.28 vs t5.20 in Q3 FY 2019.
CONSOLIDATED FINANCIAL HIGHLIGHTS FOR NINE MONTHS ENDED 31" DECEMBER 2019
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Consolidated Total Income for 9M FY20 stood at tl,973.89 Crores vs tl,961.52 Crores in 9M FYl9, an increase of 0.6%.
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Consolidated EBITDA for 9M FY20 was ?408.36 Crores vs ?439.50 Crores in 9M FYl9.
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Consolidated EDIT for 9M FY20 declined to ?320.54 Crores vs t359.55 Crores in 9M FY19.
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Consolidated PBT, before exceptional items, for 9M FY20 stood at ti 79.33 Crores vs t241.32 Crores in 9M FYI 9.
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Consolidated PAT, before exceptional items adjusted for tax, for 9M FY20 stood at ?113.90 Crores vs tl48.47 Crores in 9M FYl9.
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Consolidated PAT for 9M FY20 stood at t82.09 Crores vs ?148.47 Crores in 9M FY19.
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Basic and Diluted Earnings per Share (EPS), before exceptional items, for 9M FY20 stood at tl 1.56 vs tl 5.08 in 9M FY19.
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Basic and Diluted Earnings per Share (EPS) for 9M FY20 stood at t8.34 vs t15.08 in 9M FYl9.
BUSINESS UPDATE FOR Q3 FY2020
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The commercial production at the Terry Towel facility commenced on October 3, 2019.
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The financial results were impacted due to the retrospective reversal of the MEIS benefit with effect from March 7, 2019 and restructuring of the European business.
-
During the quarter, revenue streams from brands stood at t579 crores vs t571 Crores during Q3 FY19.
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PRESS RELEASE Bengaluru, February 08, 2020
Himatsingka $
Commenting on the Company's performance, Mr. Shrikant Himatsingka, Managing Director & Group CEO said:
"While it has been a challenging quarter on several fronts, we continue to be focused on creating sustainable value by right aligning our business model and optimizing asset utilization. We are pleased to have commenced commercial production at our new world class Terry Towel facility, which will add to our manufacturing capabilities and position us to deepen global market share in home textile space."
About Himatsingka Group
The Himatsingka Group is a vertically integrated textile major with a global footprint. The Group focuses on the manufacture, retail and distribution of Home Textile products. On the manufacturing front, the Group operates amongst the largest capacities in the world for producing Bedding products, Bath products, Drapery & Upholstery fabrics and Fine count Cotton Yarn. Spread across North America, Europe and Asia, the Group's retail and wholesale distribution divisions own and or license among the largest brand portfolios in the home textile space. With a team of over I 0,000 people, the Group continues to build capacities and enhance reach in the global textile space.
For more information, please contact:
Sachin Garg Himatsingka Seide Ltd. Phone:+91-80-42578000 Email: [email protected]
Disclaimer:
Stalements in this document relating to future status, events, or circumstances, including without limitation statements about plans and objectives, the progress and results of research and development, potential product characteristics and uses, producl sales potential and target dates for product launch are forward-looking statements based on commercial estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncerlainties and are not necessarily predictive of future results. Actual results may materially differ from those anticipated in such forward-looking statements. Himatsingka Seide Limited may, from time to time, make additional written and oral forward looking stalements, including statements contained in the company's filings with the regulatory bodies and its reports to shareholders. The company assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors that may or may not be relevant.
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