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- ALOK INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Up 73.5%
ALOK INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Up 73.5%
Mon, 25 Feb
ALOK INDUSTRIES has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:
ALOK INDUSTRIES Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-17* | 3 Sep-18* | 3 Dec-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 9,524 | 8,961 | 6,757 | -24.6% | -29.1% |
| Other income | Rs m | 245 | 17 | 754 | 4472.1% | 208.5% |
| Turnover | Rs m | 9,768 | 8,977 | 7,511 | -16.3% | -23.1% |
| Expenses | Rs m | 47,572 | 9,824 | 7,824 | -20.4% | -83.6% |
| Gross profit | Rs m | -38,048 | -863 | -1,067 | ||
| Depreciation | Rs m | 1,269 | 1,304 | 1,369 | 5.0% | 7.9% |
| Interest | Rs m | 8,381 | 11,516 | 10,912 | -5.2% | 30.2% |
| Profit before tax | Rs m | -47,453 | -13,667 | -12,594 | ||
| Tax | Rs m | 0 | 0 | 0 | 0.0% | 0.0% |
| Profit after tax | Rs m | -47,453 | -13,667 | -12,594 | ||
| Gross profit margin | % | -399.5 | -9.6 | -15.8 | ||
| Effective tax rate | % | 0.0 | 0.0 | 0.0 | ||
| Net profit margin | % | -485.8 | -152.2 | -167.7 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 29.1% on a year-on-year (YoY) basis. The expenses were down by 83.6% YoY during the same period.
- The company's operating profit declined by 97.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.8% in 3QFY19 as against 399.5% in 3QFY18.
- Depreciation charges increased by 7.9% and finance costs increased by 30.2% YoY, respectively.
- Other income increased by 208.5% YoY during the quarter.
- Net profit for the quarter increased by 73.5% YoY. Net profit margins during the quarter increased from -485.8% in 3QFY18 to -167.7% in 3QFY19.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 24.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 20.4% QoQ during the same period.
- The company's operating profit declined by 23.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.8% in 3QFY19 as against 9.6% in 2QFY18.
- Net profit for the quarter increased by 7.9% QoQ, while net profit margins declined from -152.2% in 2QFY18 to -167.7% in 3QFY19.
To see how ALOK INDUSTRIES has performed over the last eight quarters, please visit here.
ALOK INDUSTRIES Share Price Performance
Over the last one year, ALOK INDUSTRIES share price has moved up from Rs 3.3 to Rs 3.5, registering a Gain of Rs 0.2 or around 5.5%.
Overall, the S&P BSE SENSEX is up 6.3% over the year.
Current Valuations
At the current price of Rs 3.5, the price to book value (P/BV) ratio of ALOK INDUSTRIES stands at 0.0 times.
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