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BARTRONICS INDIA Announces Quarterly Results (2QFY19); Net Profit Down 363.1%

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BARTRONICS INDIA Announces Quarterly Results (2QFY19); Net Profit Down 363.1%
Tue, 27 Nov

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

BARTRONICS INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m15713020759.7%31.7%
Other incomeRs m43000.0%-98.9%
TurnoverRs m20113020860.1%3.6%
ExpensesRs m143150408171.2%185.9%
Gross profitRs m15-20-200-1447.7%
DepreciationRs m151414-3.1%-6.3%
InterestRs m131131131-0.5%-0.2%
Profit before taxRs m-88-166-344
TaxRs m-14-1-2
Profit after taxRs m-74-165-343
Gross profit margin%9.4-15.8-96.6
Effective tax rate%15.60.80.5
Net profit margin%-36.9-126.9-164.8
* 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 31.7% on a year-on-year (YoY) basis. The expenses were up by 185.9% YoY during the same period.
  • The company's operating profit declined by 1447.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 96.6% in 2QFY19 as against 9.4% in 2QFY18.
  • Depreciation charges declined by 6.3% and finance costs declined by 0.2% YoY, respectively.
  • Other income declined by 98.9% YoY during the quarter.
  • Net profit for the quarter declined by 363.1% YoY. Net profit margins during the quarter declined from -36.9% in 2QFY18 to -164.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 59.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 171.2% QoQ during the same period.
  • The company's operating profit declined by 878.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 96.6% in 2QFY19 as against 15.8% in 1QFY18.
  • Net profit for the quarter declined by 108.0% QoQ, while net profit margins declined from -126.9% in 1QFY18 to -164.8% in 2QFY19.

To see how BARTRONICS INDIA has performed over the last eight quarters, please visit here.

BARTRONICS INDIA Share Price Performance

Over the last one year, BARTRONICS INDIA share price has moved up from Rs 15.6 to Rs 7.3, registering a Loss of Rs 8.4 or around 53.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 13,759.3 (up 1.4%). Over the last one year it has moved up from 10,911.8 to 13,759.3, a gain of 2,848 points (up 26.1%).

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

Current Valuations

At the current price of Rs 7.3, the price to book value (P/BV) ratio of BARTRONICS INDIA stands at 0.1 times.

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For the quarter ended December 2018, BARTRONICS INDIA has posted a net profit of Rs 126 m (up 29.6% YoY). Sales on the other hand came in at Rs 187 m (up 8.1% YoY). Read on for a complete analysis of BARTRONICS INDIA's quarterly results.

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