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ALLSEC TEC Announces Quarterly Results (1QFY19); Net Profit Down 46.2%

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ALLSEC TEC Announces Quarterly Results (1QFY19); Net Profit Down 46.2%
Tue, 14 Aug

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

ALLSEC TEC Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m8426086303.6%-25.2%
Other incomeRs m253223-28.3%-8.8%
TurnoverRs m8676406532.0%-24.8%
ExpensesRs m6845095314.3%-22.3%
Gross profitRs m15998980.0%-37.9%
DepreciationRs m13111316.7%0.8%
InterestRs m111-12.5%-36.4%
Profit before taxRs m170119108-9.0%-36.5%
TaxRs m19-52741.3%
Profit after taxRs m15112481-34.3%-46.2%
Gross profit margin%18.816.215.6
Effective tax rate%11.1-4.224.7
Net profit margin%17.419.312.4
* 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 25.2% on a year-on-year (YoY) basis. The expenses were down by 22.3% YoY during the same period.
  • The company's operating profit declined by 37.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.6% in 1QFY19 as against 18.8% in 1QFY18.
  • Depreciation charges and finance costs increased by 0.8% YoY and 36.4% YoY, respectively.
  • Other income declined by 8.8% YoY during the quarter.
  • Net profit for the quarter declined by 46.2% YoY. Net profit margins during the quarter declined from 17.4% in 1QFY18 to 12.4% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.3% QoQ during the same period.
  • The company's operating profit declined by 0.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.6% in 1QFY19 as against 16.2% in 4QFY18.
  • Net profit for the quarter declined by 34.3% QoQ, while net profit margins declined from 19.4% in 4QFY18 to 12.4% in 1QFY19.

To see how ALLSEC TEC has performed over the last eight quarters, please visit here.

ALLSEC TEC Share Price Performance

Over the last one year, ALLSEC TEC share price has moved up from Rs 347.0 to Rs 251.8, registering a Loss of Rs 95.3 or around 27.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,952.6 (up 0.6%). Over the last one year it has moved up from 10,211.3 to 14,952.6, a gain of 4,741 points (up 46.4%).

Overall, the S&P BSE SENSEX is up 20.4% over the year.

Current Valuations

At the current price of Rs 251.8, the price to earnings (P/E) ratio of ALLSEC TEC stands at 7.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.2 times.

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