BIRLA CABLE Announces Quarterly Results (4QFY19); Net Profit Down 42.9%

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BIRLA CABLE Announces Quarterly Results (4QFY19); Net Profit Down 42.9%
Tue, 21 May

BIRLA CABLE has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

BIRLA CABLE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,1431,4411,004-30.3%-12.2%
Other incomeRs m3116-45.0%103.8%
TurnoverRs m1,1461,4511,010-30.4%-11.9%
ExpensesRs m9891,185901-24.0%-8.9%
Gross profitRs m154256103-59.7%-32.9%
DepreciationRs m213528-20.6%32.9%
InterestRs m131910-49.5%-23.9%
Profit before taxRs m12321272-66.2%-41.8%
TaxRs m346121-65.7%-38.7%
Profit after taxRs m8915251-66.5%-42.9%
Gross profit margin%13.517.710.3
Effective tax rate%27.528.529.0
Net profit margin%7.810.55.0
* 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 fell 12.2% on a year-on-year (YoY) basis. The expenses were down by 8.9% YoY during the same period.
  • The company's operating profit declined by 32.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.3% in 4QFY19 as against 13.5% in 4QFY18.
  • Depreciation charges increased by 32.9% and finance costs declined by 23.9% YoY, respectively.
  • Other income increased by 103.8% YoY during the quarter.
  • Net profit for the quarter declined by 42.9% YoY. Net profit margins during the quarter declined from 7.8% in 4QFY18 to 5.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 30.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 24.0% QoQ during the same period.
  • The company's operating profit declined by 59.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.3% in 4QFY19 as against 17.7% in 3QFY18.
  • Net profit for the quarter declined by 66.5% QoQ, while net profit margins declined from 10.5% in 3QFY18 to 5.0% in 4QFY19.

To see how BIRLA CABLE has performed over the last eight quarters, please visit here.

BIRLA CABLE Share Price Performance

Over the last one year, BIRLA CABLE share price has moved up from Rs 69.1 to Rs 106.7, registering a Gain of Rs 37.6 or around 54.4%.

Overall, the S&P BSE SENSEX is up 13.9% over the year.

Current Valuations

At the current price of Rs 106.7, the price to earnings (P/E) ratio of BIRLA CABLE stands at 6.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

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For the quarter ended June 2019, BIRLA CABLE has posted a net profit of Rs 5 m (down 95.4% YoY). Sales on the other hand came in at Rs 433 m (down 63.2% YoY). Read on for a complete analysis of BIRLA CABLE's quarterly results.

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