ALLSEC TECHNOLOGIES Announces Quarterly Results (4QFY19); Net Profit Down 115.1%

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ALLSEC TECHNOLOGIES Announces Quarterly Results (4QFY19); Net Profit Down 115.1%
Wed, 22 May

ALLSEC TECHNOLOGIES has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

ALLSEC TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m6086316635.2%9.1%
Other incomeRs m32131938.1%-41.8%
TurnoverRs m6406446825.8%6.6%
ExpensesRs m509523513-1.9%0.7%
Gross profitRs m9810826-76.2%-73.9%
DepreciationRs m111414-1.4%25.9%
InterestRs m114288.9%337.5%
Profit before taxRs m11910727-74.6%-77.2%
TaxRs m-5324642.2%
Profit after taxRs m12474-19-125.1%-115.1%
Gross profit margin%16.217.13.9
Effective tax rate%-4.230.2169.0
Net profit margin%19.311.5-2.7
* 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 grew 9.1% on a year-on-year (YoY) basis. The expenses were up by 0.7% YoY during the same period.
  • The company's operating profit declined by 73.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.9% in 4QFY19 as against 16.2% in 4QFY18.
  • Depreciation charges increased by 25.9% and finance costs increased by 337.5% YoY, respectively.
  • Other income declined by 41.8% YoY during the quarter.
  • Net profit for the quarter declined by 115.1% YoY. Net profit margins during the quarter declined from 19.3% in 4QFY18 to -2.7% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.9% QoQ during the same period.
  • The company's operating profit declined by 76.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.9% in 4QFY19 as against 17.1% in 3QFY18.
  • Net profit for the quarter declined by 125.1% QoQ, while net profit margins declined from 11.5% in 3QFY18 to -2.7% in 4QFY19.

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

ALLSEC TECHNOLOGIES Share Price Performance

Over the last one year, ALLSEC TECHNOLOGIES share price has moved up from Rs 366.0 to Rs 308.9, registering a Loss of Rs 57.1 or around 15.6%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,271.5 (down 0.2%). Over the last one year it has moved up from 13,232.1 to 15,271.5, a gain of 2,039 points (up 15.4%).

Overall, the S&P BSE SENSEX is up 13.1% over the year.

Current Valuations

At the current price of Rs 308.9, the price to earnings (P/E) ratio of ALLSEC TECHNOLOGIES stands at 30.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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