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BANSW.SYNTEX Announces Quarterly Results (2QFY19); Net Profit Up 384.7%

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BANSW.SYNTEX Announces Quarterly Results (2QFY19); Net Profit Up 384.7%
Tue, 27 Nov

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

BANSW.SYNTEX Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,1783,0253,75824.2%18.2%
Other incomeRs m8182431.5%187.4%
TurnoverRs m3,1873,0433,78224.3%18.7%
ExpensesRs m2,8472,7413,43525.3%20.7%
Gross profitRs m3322843078.3%-7.4%
DepreciationRs m1541421420.1%-7.8%
InterestRs m151147145-1.0%-3.7%
Profit before taxRs m361444222.1%24.3%
TaxRs m155-55-1121.9%-466.4%
Profit after taxRs m218991093.4%384.7%
Gross profit margin%10.49.48.2
Effective tax rate%42.339.3-124.8
Net profit margin%0.60.32.6
* 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 18.2% on a year-on-year (YoY) basis. The expenses were up by 20.7% YoY during the same period.
  • The company's operating profit declined by 7.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.2% in 2QFY19 as against 10.4% in 2QFY18.
  • Depreciation charges declined by 7.8% and finance costs declined by 3.7% YoY, respectively.
  • Other income increased by 187.4% YoY during the quarter.
  • Net profit for the quarter increased by 384.7% YoY. Net profit margins during the quarter increased from 0.6% in 2QFY18 to 2.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 24.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 25.3% QoQ during the same period.
  • The company's operating profit declined by 8.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.2% in 2QFY19 as against 9.4% in 1QFY18.
  • Net profit for the quarter increased by 1093.4% QoQ, while net profit margins increased from 0.3% in 1QFY18 to 2.6% in 2QFY19.

To see how BANSW.SYNTEX has performed over the last eight quarters, please visit here.

BANSW.SYNTEX Share Price Performance

Over the last one year, BANSW.SYNTEX share price has moved up from Rs 136.7 to Rs 84.9, registering a Loss of Rs 51.8 or around 37.9%.

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

Current Valuations

At the current price of Rs 84.9, the price to earnings (P/E) ratio of BANSW.SYNTEX stands at 8.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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Related Views on News

BANSW.SYNTEX Announces Quarterly Results (3QFY19); Net Profit Down 134.9% (Quarterly Result Update)

Feb 15, 2019 | Updated on Feb 15, 2019

For the quarter ended December 2018, BANSW.SYNTEX has posted a net profit of Rs 10 m (down 134.9% YoY). Sales on the other hand came in at Rs 3 bn (up 0.8% YoY). Read on for a complete analysis of BANSW.SYNTEX's quarterly results.

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