APTECH LTD Announces Quarterly Results (3QFY19); Net Profit Down 18.5%

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APTECH LTD Announces Quarterly Results (3QFY19); Net Profit Down 18.5%
Thu, 14 Feb

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

APTECH LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m565506429-15.3%-24.0%
Other incomeRs m9134-69.5%-57.1%
TurnoverRs m574519433-16.6%-24.5%
ExpensesRs m5213823963.5%-24.0%
Gross profitRs m7312433-73.2%-54.2%
DepreciationRs m282827-1.8%-4.6%
InterestRs m0000.0%0.0%
Profit before taxRs m5310910-90.8%-81.1%
TaxRs m3227-7-126.3%-122.0%
Profit after taxRs m218217-79.1%-18.5%
Gross profit margin%12.924.57.8
Effective tax rate%60.524.7-70.3
Net profit margin%3.715.94.0
* 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 24.0% on a year-on-year (YoY) basis. The expenses were down by 24.0% YoY during the same period.
  • The company's operating profit declined by 54.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.8% in 3QFY19 as against 12.9% in 3QFY18.
  • Depreciation charges declined by 4.6% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 57.1% YoY during the quarter.
  • Net profit for the quarter declined by 18.5% YoY. Net profit margins during the quarter increased from 3.7% in 3QFY18 to 4.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.5% QoQ during the same period.
  • The company's operating profit declined by 73.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.8% in 3QFY19 as against 24.5% in 2QFY18.
  • Net profit for the quarter declined by 79.1% QoQ, while net profit margins declined from 15.8% in 2QFY18 to 4.0% in 3QFY19.

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 332.9 to Rs 160.5, registering a Loss of Rs 172.4 or around 51.8%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,446.4 (down 1.1%). Over the last one year it has moved up from 12,037.5 to 15,446.4, a gain of 3,409 points (up 28.3%).

Overall, the S&P BSE SENSEX is up 5.2% over the year.

Current Valuations

At the current price of Rs 160.5, the price to earnings (P/E) ratio of APTECH LTD stands at 37.7 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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