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

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BANSW.SYNTEX Announces Quarterly Results (3QFY19); Net Profit Down 134.9%
Fri, 15 Feb

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

BANSW.SYNTEX Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3,4173,7583,443-8.4%0.8%
Other incomeRs m582455127.2%-5.8%
TurnoverRs m3,4763,7823,498-7.5%0.6%
ExpensesRs m3,1313,4353,240-5.7%3.5%
Gross profitRs m286307204-33.5%-28.7%
DepreciationRs m153142134-5.5%-12.4%
InterestRs m154145134-7.8%-13.2%
Profit before taxRs m3744-9-119.8%-123.5%
TaxRs m10-551-92.1%
Profit after taxRs m2799-10-109.6%-134.9%
Gross profit margin%8.48.25.9
Effective tax rate%26.7-124.8-9.0
Net profit margin%0.82.6-0.3
* 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 0.8% on a year-on-year (YoY) basis. The expenses were up by 3.5% YoY during the same period.
  • The company's operating profit declined by 28.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.9% in 3QFY19 as against 8.4% in 3QFY18.
  • Depreciation charges declined by 12.4% and finance costs declined by 13.2% YoY, respectively.
  • Other income declined by 5.8% YoY during the quarter.
  • Net profit for the quarter declined by 134.9% YoY. Net profit margins during the quarter declined from 0.8% in 3QFY18 to -0.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.7% QoQ during the same period.
  • The company's operating profit declined by 33.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.9% in 3QFY19 as against 8.2% in 2QFY18.
  • Net profit for the quarter declined by 109.6% QoQ, while net profit margins declined from 2.6% in 2QFY18 to -0.3% in 3QFY19.

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 117.9 to Rs 58.5, registering a Loss of Rs 59.4 or around 50.4%.

Overall, the S&P BSE SENSEX is up 4.3% over the year.

Current Valuations

At the current price of Rs 58.5, the price to earnings (P/E) ratio of BANSW.SYNTEX stands at 8.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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