X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
BINANI INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 5200.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

BINANI INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 5200.0%
Mon, 5 Nov

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

BINANI INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m28-5-5-116.1%
Other incomeRs m15111753.1%16.1%
TurnoverRs m43613106.5%-70.2%
ExpensesRs m41-117-129-417.0%
Gross profitRs m-1311212411.4%
DepreciationRs m222-26.1%-15.0%
InterestRs m01461566.9%0.0%
Profit before taxRs m0-25-16-5433.3%
TaxRs m00-10.0%0.0%
Profit after taxRs m0-25-15-5200.0%
Gross profit margin%-45.0-2,186.3-2,760.0
Effective tax rate%0.00.04.4
Net profit margin%0.7-406.5-119.5
* 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 116.1% on a year-on-year (YoY) basis. The expenses were down by 417.0% YoY during the same period.
  • The company's operating profit declined by 1085.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2760.0% in 2QFY19 as against 45.0% in 2QFY18.
  • Depreciation charges declined by 15.0% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 16.1% YoY during the quarter.
  • Net profit for the quarter declined by 5200.0% YoY. Net profit margins during the quarter declined from 0.7% in 2QFY18 to -119.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.4% QoQ during the same period.
  • The company's operating profit declined by 11.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2760.0% in 2QFY19 as against 2186.3% in 1QFY18.
  • Net profit for the quarter increased by 39.3% QoQ, while net profit margins increased from -416.7% in 1QFY18 to -119.5% in 2QFY19.

To see how BINANI INDUSTRIES has performed over the last eight quarters, please visit here.

BINANI INDUSTRIES Share Price Performance

Over the last one year, BINANI INDUSTRIES share price has moved up from Rs 90.2 to Rs 80.9, registering a Loss of Rs 9.3 or around 10.3%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 13,084.1 (up 0.1%). Over the last one year it has moved down from 14,943.8 to 13,084.1, a gain of 1,860 points (down 12.4%).

Overall, the S&P BSE SENSEX is up 4.1% over the year.

Current Valuations

At the current price of Rs 80.9, the price to book value (P/BV) ratio of BINANI INDUSTRIES stands at -0.2 times.

Equitymaster requests your view! Post a comment on "BINANI INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 5200.0%". Click here!

  

Related Views on News

BINANI INDUSTRIES 2017-18 Annual Report Analysis (Annual Result Update)

Mar 6, 2019 | Updated on Mar 6, 2019

Here's an analysis of the annual report of BINANI INDUSTRIES for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of BINANI INDUSTRIES. Also includes updates on the valuation of BINANI INDUSTRIES.

BINANI INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Down 30.3% (Quarterly Result Update)

Feb 22, 2019 | Updated on Feb 22, 2019

For the quarter ended December 2018, BINANI INDUSTRIES has posted a net profit of Rs 16 m (down 30.3% YoY). Sales on the other hand came in at Rs 6 m (down 82.3% YoY). Read on for a complete analysis of BINANI INDUSTRIES's quarterly results.

BINANI INDUSTRIES Announces Quarterly Results (4QFY18); Net Profit Down 144.1% (Quarterly Result Update)

Jun 19, 2018 | Updated on Jun 19, 2018

For the quarter ended March 2018, BINANI INDUSTRIES has posted a net profit of Rs 40 m (down 144.1% YoY). Sales on the other hand came in at Rs 4 m (down 103.9% YoY). Read on for a complete analysis of BINANI INDUSTRIES's quarterly results.

More Views on News

Most Popular

Stocks that Could Be Out of Reach Post Elections(The 5 Minute Wrapup)

Apr 9, 2019

It's a matter of time before the stocks catch the fancy of the markets and big investors.

3 Indian Stocks with Amazon-Like Potential(Profit Hunter)

Apr 10, 2019

We have identified 3 stocks with huge wealth building potential which meet our 'Click of a Button' criteria.

This Company is Making a Big Comeback and You Can Now Profit from Its Example(The 5 Minute Wrapup)

Apr 10, 2019

How Dell got its mojo back.

This is Why the Stock of Jubilant FoodWorks Went Up 1,160%(The 5 Minute Wrapup)

Apr 12, 2019

This critical business strategy has enabled companies to scale their operations faster.

Pocketing Massive Gains with HDFC And HDFC Bank(Profit Hunter)

Apr 12, 2019

Here's how one could have generated gains of Rs 59,250 in 10 days by trading HDFC and HDFC Bank with a capital of Rs 4 lakh.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

BINANI INDUSTRIES SHARE PRICE


Apr 22, 2019 (Close)

TRACK BINANI INDUSTRIES

  • Track your investment in BINANI INDUSTRIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON BINANI INDUSTRIES

BINANI INDUSTRIES - SRF LTD COMPARISON

COMPARE BINANI INDUSTRIES WITH

MARKET STATS