DELTA CORP. Announces Quarterly Results (2QFY19); Net Profit Up 11.2%

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DELTA CORP. Announces Quarterly Results (2QFY19); Net Profit Up 11.2%
Wed, 17 Oct

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

DELTA CORP. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,4531,8732,0147.5%38.6%
Other incomeRs m8683830.2%-3.7%
TurnoverRs m1,5391,9552,0967.2%36.2%
ExpensesRs m7981,2191,2512.7%56.8%
Gross profitRs m65765276617.5%16.5%
DepreciationRs m9494940.6%-0.4%
InterestRs m2227227.3%-68.0%
Profit before taxRs m62663974817.1%19.3%
TaxRs m19422526718.7%37.5%
Profit after taxRs m43341448116.2%11.2%
Gross profit margin%45.234.838.0
Effective tax rate%30.935.235.7
Net profit margin%28.121.222.9
* 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 grew 38.6% on a year-on-year (YoY) basis. The expenses were up by 56.8% YoY during the same period.
  • The company's operating profit increased by 16.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 38.0% in 2QFY19 as against 45.2% in 2QFY18.
  • Depreciation charges and finance costs declined by 0.4% YoY and 68.0% YoY, respectively.
  • Other income declined by 3.7% YoY during the quarter.
  • Net profit for the quarter increased by 11.2% YoY. Net profit margins during the quarter declined from 28.1% in 2QFY18 to 22.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.7% QoQ during the same period.
  • The company's operating profit increased by 17.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 38.0% in 2QFY19 as against 34.8% in 1QFY18.
  • Net profit for the quarter increased by 16.2% QoQ, while net profit margins increased from 21.2% in 1QFY18 to 22.9% in 2QFY19.

To see how DELTA CORP. has performed over the last eight quarters, please visit here.

DELTA CORP. Share Price Performance

Over the last one year, DELTA CORP. share price has moved up from Rs 223.4 to Rs 242.0, registering a Gain of Rs 18.6 or around 8.3%.

Overall, the S&P BSE SENSEX is up 8.6% over the year.

Current Valuations

At the current price of Rs 242.0, the price to earnings (P/E) ratio of DELTA CORP. stands at 31.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.

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