APTECH LTD Announces Quarterly Results (2QFY19); Net Profit Down 61.8%

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APTECH LTD Announces Quarterly Results (2QFY19); Net Profit Down 61.8%
Fri, 9 Nov

APTECH LTD has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

APTECH LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m559517506-2.1%-9.4%
Other incomeRs m91713-23.4%48.8%
TurnoverRs m568534519-2.8%-8.5%
ExpensesRs m460467382-18.2%-16.8%
Gross profitRs m22650124146.7%-45.1%
DepreciationRs m2827283.4%-1.4%
InterestRs m000-100.0%-100.0%
Profit before taxRs m20640109171.9%-47.0%
TaxRs m-9527487.0%
Profit after taxRs m2163682131.2%-61.8%
Gross profit margin%40.49.724.5
Effective tax rate%-4.611.424.7
Net profit margin%38.06.715.9
* 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 9.4% on a year-on-year (YoY) basis. The expenses were down by 16.8% YoY during the same period.
  • The company's operating profit declined by 45.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.5% in 2QFY19 as against 40.4% in 2QFY18.
  • Depreciation charges declined by 1.4% and finance costs declined by 100.0% YoY, respectively.
  • Other income increased by 48.8% YoY during the quarter.
  • Net profit for the quarter declined by 61.8% YoY. Net profit margins during the quarter declined from 38.0% in 2QFY18 to 15.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.2% QoQ during the same period.
  • The company's operating profit increased by 146.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.5% in 2QFY19 as against 9.7% in 1QFY18.
  • Net profit for the quarter increased by 131.2% QoQ, while net profit margins increased from 6.7% in 1QFY18 to 15.9% in 2QFY19.

To see how APTECH LTD has performed over the last eight quarters, please visit here.

APTECH LTD Share Price Performance

Over the last one year, APTECH LTD share price has moved up from Rs 322.3 to Rs 161.1, registering a Loss of Rs 161.2 or around 50.0%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,152.1 (down 1.6%). Over the last one year it has moved up from 10,756.5 to 14,152.1, a gain of 3,396 points (up 31.6%).

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 161.1, the price to earnings (P/E) ratio of APTECH LTD stands at 37.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.

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For the quarter ended September 2019, APTECH LTD has posted a net profit of Rs 110 m (up 33.3% YoY). Sales on the other hand came in at Rs 715 m (up 41.2% YoY). Read on for a complete analysis of APTECH LTD's quarterly results.

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