BARTRONICS INDIA Announces Quarterly Results (3QFY19); Net Profit Up 29.6%

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BARTRONICS INDIA Announces Quarterly Results (3QFY19); Net Profit Up 29.6%
Fri, 22 Feb

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

BARTRONICS INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m173207187-9.7%8.1%
Other incomeRs m-8200-37.0%
TurnoverRs m92208187-9.8%104.4%
ExpensesRs m134408170-58.2%27.1%
Gross profitRs m39-20017-57.3%
DepreciationRs m151413-5.6%-10.1%
InterestRs m1311311310.3%0.0%
Profit before taxRs m-188-344-127
TaxRs m-9-2-1
Profit after taxRs m-179-343-126
Gross profit margin%22.6-96.68.9
Effective tax rate%5.00.51.1
Net profit margin%-194.8-164.8-67.0
* 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 8.1% on a year-on-year (YoY) basis. The expenses were up by 27.1% YoY during the same period.
  • The company's operating profit declined by 57.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.9% in 3QFY19 as against 22.6% in 3QFY18.
  • Depreciation charges declined by 10.1% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 100.4% YoY during the quarter.
  • Net profit for the quarter increased by 29.6% YoY. Net profit margins during the quarter increased from -194.8% in 3QFY18 to -67.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 58.2% QoQ during the same period.
  • The company's operating profit increased by 108.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.9% in 3QFY19 as against 96.6% in 2QFY18.
  • Net profit for the quarter increased by 63.3% QoQ, while net profit margins increased from -164.9% in 2QFY18 to -67.0% in 3QFY19.

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 12.9 to Rs 6.7, registering a Loss of Rs 6.2 or around 48.0%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,093.7 (up 0.3%). Over the last one year it has moved up from 12,411.1 to 15,093.7, a gain of 2,683 points (up 21.6%).

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 6.7, the price to book value (P/BV) ratio of BARTRONICS INDIA stands at 0.1 times.

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