ARVIND LTD. Announces Quarterly Results (1QFY19); Net Profit Up 16.2%

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ARVIND LTD. Announces Quarterly Results (1QFY19); Net Profit Up 16.2%
Tue, 7 Aug

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

ARVIND LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m24,75029,90028,610-4.3%15.6%
Other incomeRs m163141136-3.5%-16.3%
TurnoverRs m24,91330,04128,746-4.3%15.4%
ExpensesRs m22,68026,98326,147-3.1%15.3%
Gross profitRs m2,0012,9092,377-18.3%18.8%
DepreciationRs m863964917-4.8%6.3%
InterestRs m6146747338.8%19.4%
Profit before taxRs m6861,412863-38.9%25.7%
TaxRs m135262222-15.1%64.3%
Profit after taxRs m5511,150641-44.3%16.2%
Gross profit margin%8.19.78.3
Effective tax rate%19.718.525.8
Net profit margin%2.23.82.2
* 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 15.6% on a year-on-year (YoY) basis. The expenses were up by 15.3% YoY during the same period.
  • The company's operating profit increased by 18.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 8.3% in 1QFY19.
  • Depreciation charges and finance costs increased by 6.3% YoY and 19.4% YoY, respectively.
  • Other income declined by 16.3% YoY during the quarter.
  • Net profit for the quarter increased by 16.2% YoY. Net profit margins during the quarter increased from 2.2% in 1QFY18 to 2.2% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.1% QoQ during the same period.
  • The company's operating profit declined by 18.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.3% in 1QFY19 as against 9.7% in 4QFY18.
  • Net profit for the quarter declined by 44.3% QoQ, while net profit margins declined from 3.8% in 4QFY18 to 2.2% in 1QFY19.

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

ARVIND LTD. Share Price Performance

Over the last one year, ARVIND LTD. share price has moved up from Rs 388.9 to Rs 406.3, registering a Gain of Rs 17.4 or around 4.5%.

Overall, the S&P BSE SENSEX is up 0.0% over the year.

Current Valuations

At the current price of Rs 406.3, the price to earnings (P/E) ratio of ARVIND LTD. stands at 32.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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