COX & KINGS Announces Quarterly Results (3QFY19); Net Profit Down 58.8%

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COX & KINGS Announces Quarterly Results (3QFY19); Net Profit Down 58.8%
Fri, 22 Feb

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

COX & KINGS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m13,47718,66912,989-30.4%-3.6%
Other incomeRs m23223232239.1%38.9%
TurnoverRs m13,70918,90113,311-29.6%-2.9%
ExpensesRs m11,88315,84311,896-24.9%0.1%
Gross profitRs m1,5732,4451,171-52.1%-25.5%
DepreciationRs m297283209-26.2%-29.7%
InterestRs m56559372321.9%28.1%
Profit before taxRs m9431,800561-68.8%-40.5%
TaxRs m168566242-57.3%44.1%
Profit after taxRs m7751,234319-74.2%-58.8%
Gross profit margin%11.713.19.0
Effective tax rate%17.831.443.1
Net profit margin%5.76.52.4
* 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 3.6% on a year-on-year (YoY) basis. The expenses were up by 0.1% YoY during the same period.
  • The company's operating profit declined by 25.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.0% in 3QFY19 as against 11.7% in 3QFY18.
  • Depreciation charges declined by 29.7% and finance costs increased by 28.1% YoY, respectively.
  • Other income increased by 38.9% YoY during the quarter.
  • Net profit for the quarter declined by 58.8% YoY. Net profit margins during the quarter declined from 5.7% in 3QFY18 to 2.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 30.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 24.9% QoQ during the same period.
  • The company's operating profit declined by 52.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.0% in 3QFY19 as against 13.1% in 2QFY18.
  • Net profit for the quarter declined by 74.2% QoQ, while net profit margins declined from 6.5% in 2QFY18 to 2.4% in 3QFY19.

To see how COX & KINGS has performed over the last eight quarters, please visit here.

COX & KINGS Share Price Performance

Over the last one year, COX & KINGS share price has moved up from Rs 235.6 to Rs 144.2, registering a Loss of Rs 91.4 or around 38.8%.

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

Current Valuations

At the current price of Rs 144.2, the price to earnings (P/E) ratio of COX & KINGS stands at 9.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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For the quarter ended March 2019, COX & KINGS has posted a net profit of Rs 14 bn (up 6694.7% YoY). Sales on the other hand came in at Rs 13 bn (down 21.0% YoY). Read on for a complete analysis of COX & KINGS's quarterly results.

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COX & KINGS Announces Quarterly Results (2QFY19); Net Profit Down 39.0% (Quarterly Result Update)

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For the quarter ended September 2018, COX & KINGS has posted a net profit of Rs 1 bn (down 39.0% YoY). Sales on the other hand came in at Rs 19 bn (up 17.1% YoY). Read on for a complete analysis of COX & KINGS's quarterly results.

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