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

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 (4QFY18); Net Profit Down 144.1%
Tue, 19 Jun

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

BINANI INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m9835-4-111.0%-103.9%
Other incomeRs m177159-35.9%-94.7%
TurnoverRs m275496-88.8%-98.0%
ExpensesRs m144-77-91-162.7%
Gross profitRs m-4710284-17.2%
DepreciationRs m5220.0%-54.3%
InterestRs m01261313.6%0.0%
Profit before taxRs m126-12-40-131.4%
TaxRs m36000.0%-100.0%
Profit after taxRs m90-12-40-144.1%
Gross profit margin%-47.5294.5-2,213.2
Effective tax rate%28.80.00.0
Net profit margin%32.6-24.9-718.2
* 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 103.9% on a year-on-year (YoY) basis. The expenses were down by 162.7% YoY during the same period.
  • The company's operating profit declined by 280.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2213.2% in 4QFY18 as against 47.5% in 4QFY17.
  • Depreciation charges and finance costs declined by 54.3% YoY and 0.0% YoY, respectively.
  • Other income declined by 94.7% YoY during the quarter.
  • Net profit for the quarter declined by 144.1% YoY. Net profit margins during the quarter declined from 32.6% in 4QFY17 to 718.2% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 111.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 17.2% QoQ during the same period.
  • The company's operating profit declined by 17.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2213.2% in 4QFY18 as against 294.5% in 3QFY17.
  • Net profit for the quarter increased by 223.8% QoQ, while net profit margins declined from 24.5% in 3QFY17 to 718.2% in 4QFY18.

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 78.9 to Rs 89.7, registering a Gain of Rs 10.8 or around 13.6%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,938.1 (down 1.8%). Over the last one year it has moved up from 11,325.2 to 12,938.1, a gain of 1,612.9 points (up 14.2%).

Overall, the S&P BSE SENSEX is down 0.5% over the year.

Current Valuations

At the current price of Rs 89.7, the price to earnings (P/E) ratio of BINANI INDUSTRIES stands at NM times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -0.2 times.

Equitymaster requests your view! Post a comment on "BINANI INDUSTRIES Announces Quarterly Results (4QFY18); Net Profit Down 144.1%". 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 (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.

More Views on News

Most Popular

Crash Alert! Is There a Big Bubble in Nestle, HUL and Asian Paints?(Profit Hunter)

Nov 7, 2019

Is this the beginning of the end of multibagger gains in quality stocks like Nestle, HUL, and Asian Paints?

Why Moody's Rating Downgrade is a Strong Sign to Buy Stocks(The 5 Minute Wrapup)

Nov 8, 2019

Investors who took cues from Moody's rating downgrade in 1992 and 2002 created some of the biggest wealth of their lifetime.

These 10 Days Are Crucial for Getting Rich in the Smallcap Rebound(Profit Hunter)

Nov 5, 2019

How to avoid the most common investing mistake and make the most of the smallcap rebound.

The Top Stocks for 2020 Pass This Most Critical Metric(The 5 Minute Wrapup)

Nov 5, 2019

Charlie Munger's favorite fictional character, Mr Glotz, picks stocks using this metric.

A Trade that Could Generate Profits for Decades

Nov 14, 2019

India's #1 trader is back on the Investor Hour. Vijay Bhambwani talks to us about his super-profitable trading system and shares with us his #1 long term trade. Listen in...

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


Nov 1, 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 5-YR ANALYSIS

COMPARE BINANI INDUSTRIES WITH

MARKET STATS