CASTEX TECHNOLOGIES Announces Quarterly Results (3QFY19); Net Profit Up 64.9%

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CASTEX TECHNOLOGIES Announces Quarterly Results (3QFY19); Net Profit Up 64.9%
Tue, 26 Feb

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

CASTEX TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,2571,3481,082-19.8%-13.9%
Other incomeRs m3000.0%-88.5%
TurnoverRs m1,2591,3491,082-19.8%-14.1%
ExpensesRs m1,3991,3691,109-19.0%-20.8%
Gross profitRs m-803-2,129-121
DepreciationRs m8991,2691,241-2.2%38.1%
InterestRs m2,230151711.8%-99.2%
Profit before taxRs m-3,928-3,413-1,379
TaxRs m0000.0%
Profit after taxRs m-3,928-3,413-1,379
Gross profit margin%-63.9-157.9-11.2
Effective tax rate%0.00.00.0
Net profit margin%-312.0-253.1-127.4
* 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 13.9% on a year-on-year (YoY) basis. The expenses were down by 20.8% YoY during the same period.
  • The company's operating profit declined by 85.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.2% in 3QFY19 as against 63.9% in 3QFY18.
  • Depreciation charges increased by 38.1% and finance costs declined by 99.2% YoY, respectively.
  • Other income declined by 88.5% YoY during the quarter.
  • Net profit for the quarter increased by 64.9% YoY. Net profit margins during the quarter increased from -312.0% in 3QFY18 to -127.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 19.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 19.0% QoQ during the same period.
  • The company's operating profit increased by 94.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.2% in 3QFY19 as against 157.9% in 2QFY18.
  • Net profit for the quarter increased by 59.6% QoQ, while net profit margins increased from -253.0% in 2QFY18 to -127.4% in 3QFY19.

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 5.0 to Rs 1.0, registering a Loss of Rs 3.9 or around 79.3%.

Overall, the S&P BSE SENSEX is up 3.9% over the year.

Current Valuations

At the current price of Rs 1.0, the price to book value (P/BV) ratio of CASTEX TECHNOLOGIES stands at 0.1 times.

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