DELTA CORP. Announces Quarterly Results (3QFY19); Net Profit Up 12.5%

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DELTA CORP. Announces Quarterly Results (3QFY19); Net Profit Up 12.5%
Fri, 11 Jan

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

DELTA CORP. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,6222,0142,0582.2%26.9%
Other incomeRs m798355-33.5%-30.5%
TurnoverRs m1,7012,0962,1130.8%24.2%
ExpensesRs m9351,2511,218-2.7%30.3%
Gross profitRs m6907668409.7%21.7%
DepreciationRs m9494950.6%1.2%
InterestRs m376-18.1%72.0%
Profit before taxRs m6737487956.3%18.2%
TaxRs m2252672919.3%29.4%
Profit after taxRs m4474815044.7%12.5%
Gross profit margin%42.638.040.8
Effective tax rate%33.535.736.6
Net profit margin%26.322.923.8
* 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 26.9% on a year-on-year (YoY) basis. The expenses were up by 30.3% YoY during the same period.
  • The company's operating profit increased by 21.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 40.8% in 3QFY19 as against 42.6% in 3QFY18.
  • Depreciation charges increased by 1.2% and finance costs increased by 72.0% YoY, respectively.
  • Other income declined by 30.5% YoY during the quarter.
  • Net profit for the quarter increased by 12.5% YoY. Net profit margins during the quarter declined from 26.3% in 3QFY18 to 23.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.7% QoQ during the same period.
  • The company's operating profit increased by 9.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 40.8% in 3QFY19 as against 38.0% in 2QFY18.
  • Net profit for the quarter increased by 4.7% QoQ, while net profit margins increased from 22.9% in 2QFY18 to 23.8% in 3QFY19.

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 317.6 to Rs 260.0, registering a Loss of Rs 57.6 or around 18.1%.

Overall, the S&P BSE SENSEX is up 5.1% over the year.

Current Valuations

At the current price of Rs 260.0, the price to earnings (P/E) ratio of DELTA CORP. stands at 32.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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