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

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 (3QFY19); Net Profit Down 30.3%
Fri, 22 Feb

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

BINANI INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m35-56-82.3%
Other incomeRs m15171-95.4%-94.5%
TurnoverRs m49137-46.1%-85.9%
ExpensesRs m-77-12921
Gross profitRs m102124-15-112.3%-115.1%
DepreciationRs m221-17.6%-33.3%
InterestRs m1261560-100.0%-100.0%
Profit before taxRs m-12-16-16
TaxRs m0-100.0%
Profit after taxRs m-12-15-16
Gross profit margin%294.5-2,760.0-250.8
Effective tax rate%0.04.40.0
Net profit margin%-24.9-119.5-230.4
* 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 82.3% on a year-on-year (YoY) basis. The expenses were down by 127.7% YoY during the same period.
  • The company's operating profit declined by 115.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 250.8% in 3QFY19 as against 294.5% in 3QFY18.
  • Depreciation charges declined by 33.3% and finance costs declined by 100.0% YoY, respectively.
  • Other income declined by 94.5% YoY during the quarter.
  • Net profit for the quarter declined by 30.3% YoY. Net profit margins during the quarter declined from -24.9% in 3QFY18 to -230.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 235.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 116.6% QoQ during the same period.
  • The company's operating profit increased by 112.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 250.8% in 3QFY19 as against 2760.0% in 2QFY18.
  • Net profit for the quarter declined by 3.9% QoQ, while net profit margins declined from -115.4% in 2QFY18 to -230.4% in 3QFY19.

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 104.0 to Rs 34.0, registering a Loss of Rs 70.0 or around 67.3%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,595.1 (up 0.9%). Over the last one year it has moved down from 14,857.9 to 10,595.1, a gain of 4,263 points (down 28.7%).

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

Current Valuations

At the current price of Rs 34.0, the price to book value (P/BV) ratio of BINANI INDUSTRIES stands at -0.1 times.

Equitymaster requests your view! Post a comment on "BINANI INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Down 30.3%". 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 (2QFY19); Net Profit Down 5200.0% (Quarterly Result Update)

Nov 5, 2018 | Updated on Nov 5, 2018

For the quarter ended September 2018, BINANI INDUSTRIES has posted a net profit of Rs 15 m (down 5200.0% YoY). Sales on the other hand came in at Rs 4 m (down 116.1% 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

Use My Secret to Increase Your Trading Profits Today

Dec 10, 2019

What to do after every trade.

A Simple, 7-Step Checklist for Your Trading Success

Dec 4, 2019

What we can learn from one of the greatest traders to have ever lived.

Blue Chips Are Passe. Get into these Stocks for Outstanding Gains in 2020(Profit Hunter)

Dec 5, 2019

This corner of the market could provide more returns than blue chips in 2020.

Make the Most of the Smallcap Rebound with These Stocks(Profit Hunter)

Dec 3, 2019

Even amid a gloomy economic scenario, there are smallcaps that have grown earnings over last one and a half year and I believe these could be the strongest candidates for a smallcap rebound.

What Is the IPO Euphoria Signaling Us About the Markets?(The 5 Minute Wrapup)

Dec 2, 2019

2019 will be remembered as the year of great money-making IPOs...

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
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


Dec 9, 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 8-QTR ANALYSIS

COMPARE BINANI INDUSTRIES WITH

MARKET STATS