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CASTEX TECHNOLOGIES Announces Quarterly Results (1QFY19); Net Profit Up 69.5%

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CASTEX TECHNOLOGIES Announces Quarterly Results (1QFY19); Net Profit Up 69.5%
Wed, 22 Aug

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

CASTEX TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m1,5489391,15322.8%-25.5%
Other incomeRs m611262100.0%-57.0%
TurnoverRs m1,6099401,17925.5%-26.7%
ExpensesRs m1,4421,1311,1895.2%-17.6%
Gross profitRs m-2,012-193-36
DepreciationRs m1,2731,2881,270-1.4%-0.3%
InterestRs m2,177-16771-96.7%
Profit before taxRs m-5,401-1,313-1,351
TaxRs m-9695,1680-100.0%
Profit after taxRs m-4,432-6,481-1,351
Gross profit margin%-130.0-20.5-3.1
Effective tax rate%17.9-393.70.0
Net profit margin%-275.5-689.6-114.5
* 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 25.5% on a year-on-year (YoY) basis. The expenses were down by 17.6% YoY during the same period.
  • The company's operating profit declined by 98.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.1% in 1QFY19 as against 130.0% in 1QFY18.
  • Depreciation charges and finance costs declined by 0.3% YoY and 96.7% YoY, respectively.
  • Other income declined by 57.0% YoY during the quarter.
  • Net profit for the quarter increased by 69.5% YoY. Net profit margins during the quarter increased from -275.5% in 1QFY18 to -114.5% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 22.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.2% QoQ during the same period.
  • The company's operating profit increased by 81.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.1% in 1QFY19 as against 20.5% in 4QFY18.
  • Net profit for the quarter increased by 79.2% QoQ, while net profit margins increased from -689.5% in 4QFY18 to -114.5% in 1QFY19.

To see how CASTEX TECHNOLOGIES has performed over the last eight quarters, please visit here.

CASTEX TECHNOLOGIES Share Price Performance

Over the last one year, CASTEX TECHNOLOGIES share price has moved up from Rs 6.2 to Rs 1.5, registering a Loss of Rs 4.7 or around 75.9%.

Overall, the S&P BSE SENSEX is up 22.5% over the year.

Current Valuations

At the current price of Rs 1.5, the price to book value (P/BV) ratio of CASTEX TECHNOLOGIES stands at 0.0 times.

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CASTEX TECHNOLOGIES Announces Quarterly Results (2QFY19); Net Profit Down 6.0% (Quarterly Result Update)

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For the quarter ended September 2018, CASTEX TECHNOLOGIES has posted a net profit of Rs 3 bn (down 6.0% YoY). Sales on the other hand came in at Rs 1 bn (down 10.7% YoY). Read on for a complete analysis of CASTEX TECHNOLOGIES's quarterly results.

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