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- CASTEX TECHNOLOGIES Announces Quarterly Results (2QFY19); Net Profit Down 6.0%
CASTEX TECHNOLOGIES Announces Quarterly Results (2QFY19); Net Profit Down 6.0%
Mon, 19 Nov
CASTEX TECHNOLOGIES has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:
CASTEX TECHNOLOGIES Quarterly Financials
| No. of Mths Qtr. Ending | 3 Sep-17* | 3 Jun-18* | 3 Sep-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 1,510 | 1,153 | 1,348 | 17.0% | -10.7% |
| Other income | Rs m | 52 | 26 | 0 | -98.9% | -99.4% |
| Turnover | Rs m | 1,561 | 1,179 | 1,349 | 14.4% | -13.6% |
| Expenses | Rs m | 1,585 | 1,189 | 1,369 | 15.1% | -13.6% |
| Gross profit | Rs m | -1,805 | -36 | -2,129 | ||
| Depreciation | Rs m | 1,289 | 1,270 | 1,269 | -0.1% | -1.6% |
| Interest | Rs m | 2,183 | 71 | 15 | -78.5% | -99.3% |
| Profit before tax | Rs m | -5,225 | -1,351 | -3,413 | ||
| Tax | Rs m | -2,005 | 0 | 0 | 0.0% | |
| Profit after tax | Rs m | -3,220 | -1,351 | -3,413 | ||
| Gross profit margin | % | -119.6 | -3.1 | -157.9 | ||
| Effective tax rate | % | 38.4 | 0.0 | 0.0 | ||
| Net profit margin | % | -206.3 | -114.5 | -253.1 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 10.7% on a year-on-year (YoY) basis. The expenses were down by 13.6% YoY during the same period.
- The company's operating profit increased by 18.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 157.9% in 2QFY19 as against 119.6% in 2QFY18.
- Depreciation charges declined by 1.6% and finance costs declined by 99.3% YoY, respectively.
- Other income declined by 99.4% YoY during the quarter.
- Net profit for the quarter declined by 6.0% YoY. Net profit margins during the quarter declined from -206.3% in 2QFY18 to -253.1% in 2QFY19.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 17.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 15.1% QoQ during the same period.
- The company's operating profit declined by 5798.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 157.9% in 2QFY19 as against 3.1% in 1QFY18.
- Net profit for the quarter declined by 152.7% QoQ, while net profit margins declined from -114.6% in 1QFY18 to -253.1% in 2QFY19.
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 5.3 to Rs 1.4, registering a Loss of Rs 3.9 or around 74.3%.
Overall, the S&P BSE SENSEX is up 7.4% over the year.
Current Valuations
At the current price of Rs 1.4, the price to book value (P/BV) ratio of CASTEX TECHNOLOGIES stands at 0.0 times.
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