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

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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.

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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.

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