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- COX & KINGS Announces Quarterly Results (3QFY19); Net Profit Down 58.8%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 13,477 | 18,669 | 12,989 | -30.4% | -3.6% |
| Other income | Rs m | 232 | 232 | 322 | 39.1% | 38.9% |
| Turnover | Rs m | 13,709 | 18,901 | 13,311 | -29.6% | -2.9% |
| Expenses | Rs m | 11,883 | 15,843 | 11,896 | -24.9% | 0.1% |
| Gross profit | Rs m | 1,573 | 2,445 | 1,171 | -52.1% | -25.5% |
| Depreciation | Rs m | 297 | 283 | 209 | -26.2% | -29.7% |
| Interest | Rs m | 565 | 593 | 723 | 21.9% | 28.1% |
| Profit before tax | Rs m | 943 | 1,800 | 561 | -68.8% | -40.5% |
| Tax | Rs m | 168 | 566 | 242 | -57.3% | 44.1% |
| Profit after tax | Rs m | 775 | 1,234 | 319 | -74.2% | -58.8% |
| Gross profit margin | % | 11.7 | 13.1 | 9.0 | ||
| Effective tax rate | % | 17.8 | 31.4 | 43.1 | ||
| Net profit margin | % | 5.7 | 6.5 | 2.4 |
Interim results exclude extraordinary / exceptional items
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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COX & KINGS 2016-17 Annual Report Analysis (Annual Result Update)
Dec 19, 2018 | Updated on Dec 19, 2018Here's an analysis of the annual report of COX & KINGS for 2016-17. It includes a full income statement, balance sheet and cash flow analysis of COX & KINGS. Also includes updates on the valuation of COX & KINGS.
COX & KINGS Announces Quarterly Results (2QFY19); Net Profit Down 39.0% (Quarterly Result Update)
Nov 16, 2018 | Updated on Nov 16, 2018For 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.
COX & KINGS Announces Quarterly Results (1QFY19); Net Profit Down 27.2% (Quarterly Result Update)
Aug 16, 2018 | Updated on Aug 16, 2018For the quarter ended June 2018, COX & KINGS has posted a net profit of Rs 1 bn (down 27.2% YoY). Sales on the other hand came in at Rs 22 bn (up 14.5% YoY). Read on for a complete analysis of COX & KINGS's quarterly results.
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