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BANNARI AMMAN Announces Quarterly Results (1QFY19); Net Profit Down 44.9%

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BANNARI AMMAN Announces Quarterly Results (1QFY19); Net Profit Down 44.9%
Mon, 13 Aug

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

BANNARI AMMAN Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m3,6421,7962,42735.1%-33.4%
Other incomeRs m74024-39.4%259.3%
TurnoverRs m3,6491,8362,45133.5%-32.8%
ExpensesRs m3,2621,6352,19734.4%-32.6%
Gross profitRs m38016123042.7%-39.5%
DepreciationRs m168171165-3.4%-1.2%
InterestRs m149275087.5%-66.4%
Profit before taxRs m693381342.4%-45.0%
TaxRs m15-368-45.6%
Profit after taxRs m543930-22.8%-44.9%
Gross profit margin%10.49.09.5
Effective tax rate%21.4-1,374.221.1
Net profit margin%1.52.11.2
* 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 fell 33.4% on a year-on-year (YoY) basis. The expenses were down by 32.6% YoY during the same period.
  • The company's operating profit declined by 39.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.5% in 1QFY19 as against 10.4% in 1QFY18.
  • Depreciation charges and finance costs declined by 1.2% YoY and 66.4% YoY, respectively.
  • Other income increased by 259.3% YoY during the quarter.
  • Net profit for the quarter declined by 44.9% YoY. Net profit margins during the quarter declined from 1.5% in 1QFY18 to 1.2% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 35.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 34.4% QoQ during the same period.
  • The company's operating profit increased by 42.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.5% in 1QFY19 as against 9.0% in 4QFY18.
  • Net profit for the quarter declined by 22.8% QoQ, while net profit margins declined from 2.1% in 4QFY18 to 1.2% in 1QFY19.

To see how BANNARI AMMAN has performed over the last eight quarters, please visit here.

BANNARI AMMAN Share Price Performance

Over the last one year, BANNARI AMMAN share price has moved up from Rs 1,903.1 to Rs 1,475.0, registering a Loss of Rs 428.1 or around 22.5%.

Overall, the S&P BSE SENSEX is up 19.5% over the year.

Current Valuations

At the current price of Rs 1,475.0, the price to earnings (P/E) ratio of BANNARI AMMAN stands at 19.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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BANNARI AMMAN 2017-18 Annual Report Analysis (Annual Result Update)

Mar 14, 2019 | Updated on Mar 14, 2019

Here's an analysis of the annual report of BANNARI AMMAN for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of BANNARI AMMAN. Also includes updates on the valuation of BANNARI AMMAN.

BANNARI AMMAN Announces Quarterly Results (4QFY18); Net Profit Down 86.7% (Quarterly Result Update)

Jul 20, 2018 | Updated on Jul 20, 2018

For the quarter ended March 2018, BANNARI AMMAN has posted a net profit of Rs 39 m (down 86.7% YoY). Sales on the other hand came in at Rs 2 bn (down 50.8% YoY). Read on for a complete analysis of BANNARI AMMAN's quarterly results.

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