ADHUNIK METALIKS Announces Quarterly Results (2QFY19); Net Profit Up 16.0%

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ADHUNIK METALIKS Announces Quarterly Results (2QFY19); Net Profit Up 16.0%
Wed, 21 Nov

ADHUNIK METALIKS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

ADHUNIK METALIKS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,80276957-92.6%-96.8%
Other incomeRs m34152-88.1%-94.8%
TurnoverRs m1,83678359-92.5%-96.8%
ExpensesRs m2,264914180-80.3%-92.1%
Gross profitRs m-1,479-146-1,397
DepreciationRs m2412572601.1%8.1%
InterestRs m1,2408088474.9%-31.7%
Profit before taxRs m-2,925-1,196-2,503
TaxRs m53000.0%-100.0%
Profit after taxRs m-2,979-1,196-2,503
Gross profit margin%-82.0-19.0-2,451.1
Effective tax rate%-1.80.00.0
Net profit margin%-162.3-152.7-4,259.1
* 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 fell 96.8% on a year-on-year (YoY) basis. The expenses were down by 92.1% YoY during the same period.
  • The company's operating profit declined by 5.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2451.1% in 2QFY19 as against 82.0% in 2QFY18.
  • Depreciation charges increased by 8.1% and finance costs declined by 31.7% YoY, respectively.
  • Other income declined by 94.8% YoY during the quarter.
  • Net profit for the quarter increased by 16.0% YoY. Net profit margins during the quarter declined from -162.3% in 2QFY18 to -4259.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 92.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 80.3% QoQ during the same period.
  • The company's operating profit declined by 858.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2451.1% in 2QFY19 as against 19.0% in 1QFY18.
  • Net profit for the quarter declined by 109.2% QoQ, while net profit margins declined from -152.7% in 1QFY18 to -4259.1% in 2QFY19.

To see how ADHUNIK METALIKS has performed over the last eight quarters, please visit here.

ADHUNIK METALIKS Share Price Performance

Over the last one year, ADHUNIK METALIKS share price has moved up from Rs 4.4 to Rs 2.7, registering a Loss of Rs 1.7 or around 38.7%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,294.2 (down 0.5%). Over the last one year it has moved down from 14,459.0 to 12,294.2, a gain of 2,165 points (down 15.0%).

Overall, the S&P BSE SENSEX is up 5.4% over the year.

Current Valuations

At the current price of Rs 2.7, the price to book value (P/BV) ratio of ADHUNIK METALIKS stands at 0.0 times.

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Related Views on News

ADHUNIK METALIKS Announces Quarterly Results (4QFY18); Net Profit Down 58.2% (Quarterly Result Update)

Jun 11, 2018 | Updated on Jun 11, 2018

For the quarter ended March 2018, ADHUNIK METALIKS has posted a net profit of Rs 2 bn (down 58.2% YoY). Sales on the other hand came in at Rs 2 bn (up 2.7% YoY). Read on for a complete analysis of ADHUNIK METALIKS's quarterly results.

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