X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
CASTEX TECHNOLOGIES Announces Quarterly Results (2QFY19); Net Profit Down 6.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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 ChangeYoY Change
Net SalesRs m1,5101,1531,34817.0%-10.7%
Other incomeRs m52260-98.9%-99.4%
TurnoverRs m1,5611,1791,34914.4%-13.6%
ExpensesRs m1,5851,1891,36915.1%-13.6%
Gross profitRs m-1,805-36-2,129
DepreciationRs m1,2891,2701,269-0.1%-1.6%
InterestRs m2,1837115-78.5%-99.3%
Profit before taxRs m-5,225-1,351-3,413
TaxRs m-2,005000.0%
Profit after taxRs m-3,220-1,351-3,413
Gross profit margin%-119.6-3.1-157.9
Effective tax rate%38.40.00.0
Net profit margin%-206.3-114.5-253.1
* 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 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.

Equitymaster requests your view! Post a comment on "CASTEX TECHNOLOGIES Announces Quarterly Results (2QFY19); Net Profit Down 6.0%". Click here!

  

Related Views on News

CASTEX TECHNOLOGIES 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of CASTEX TECHNOLOGIES for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of CASTEX TECHNOLOGIES. Also includes updates on the valuation of CASTEX TECHNOLOGIES.

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

Aug 22, 2018 | Updated on Aug 22, 2018

For the quarter ended June 2018, CASTEX TECHNOLOGIES has posted a net profit of Rs 1 bn (up 69.5% YoY). Sales on the other hand came in at Rs 1 bn (down 25.5% YoY). Read on for a complete analysis of CASTEX TECHNOLOGIES's quarterly results.

CASTEX TECHNOLOGIES Announces Quarterly Results (4QFY18); Net Profit Up 221.3% (Quarterly Result Update)

Jul 19, 2018 | Updated on Jul 19, 2018

For the quarter ended March 2018, CASTEX TECHNOLOGIES has posted a net profit of Rs 6 bn (up 221.3% YoY). Sales on the other hand came in at Rs 938 m (down 66.2% YoY). Read on for a complete analysis of CASTEX TECHNOLOGIES's quarterly results.

Hindustan Aeronautics IPO: Yet Another Play on India's Defence Sector (IPO)

Mar 14, 2018

Should you apply for the IPO of state-run military aircraft maker Hindustan Aeronautics?

Bharat Dynamics IPO: Worth Betting on Defence Manufacturing? (IPO)

Mar 12, 2018

Should you apply for the IPO of Bharat Dynamics, India's first state-owned missile manufacturer?

More Views on News

Most Popular

The One Real Estate Stock to Buy Now(The 5 Minute Wrapup)

Feb 13, 2019

The real estate sector is ready to make a comeback. This is the stock to consider buying.

Don't Be Afraid of the Market; Buy Stocks Like This One(The 5 Minute Wrapup)

Feb 14, 2019

During this tough period in the market, a contrarian approach holds huge potential upside for this Smart Money Secrets stock.

How We Pick the Most Profitable Stocks from the Portfolios of Super Investors(The 5 Minute Wrapup)

Feb 8, 2019

This is the trick to following super investors and not losing money.

Small Caps Under Seige: Could This Be A Once-in-a-Decade Wealth Creating Opportunity?(Profit Hunter)

Feb 14, 2019

Don't let the dark clouds hovering over small caps scare you into hiding; it will rain gold as sentiments recover. Indeed, there is a blood bath. And if you are a first time investor, the correction is deep enough to scare you out of markets.

The Train to 'Small-Cap-Profits Land' is Back on the Station!(Profit Hunter)

Feb 15, 2019

Why its great news that prices for small caps over the last few days have been falling like there's no tomorrow.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

CASTEX TECHNOLOGIES SHARE PRICE


Feb 21, 2019 03:35 PM

TRACK CASTEX TECHNOLOGIES

  • Track your investment in CASTEX TECHNOLOGIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON CASTEX TECHNOLOGIES

CASTEX TECHNOLOGIES 5-YR ANALYSIS

COMPARE CASTEX TECHNOLOGIES WITH

MARKET STATS