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CONTAINER CORP Announces Quarterly Results (2QFY19); Net Profit Up 50.7%

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CONTAINER CORP Announces Quarterly Results (2QFY19); Net Profit Up 50.7%
Tue, 6 Nov

CONTAINER CORP has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

CONTAINER CORP Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m14,30215,68318,22316.2%27.4%
Other incomeRs m95462169211.6%-27.4%
TurnoverRs m15,25516,30318,91516.0%24.0%
ExpensesRs m11,48111,78113,18111.9%14.8%
Gross profitRs m2,8213,9025,04229.2%78.7%
DepreciationRs m9691,0221,0482.5%8.2%
InterestRs m0000.0%-33.3%
Profit before taxRs m2,8053,5004,68633.9%67.0%
TaxRs m5769771,32635.8%130.1%
Profit after taxRs m2,2292,5243,36133.2%50.7%
Gross profit margin%19.724.927.7
Effective tax rate%20.527.928.3
Net profit margin%14.615.517.8
* 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 grew 27.4% on a year-on-year (YoY) basis. The expenses were up by 14.8% YoY during the same period.
  • The company's operating profit increased by 78.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.7% in 2QFY19 as against 19.7% in 2QFY18.
  • Depreciation charges increased by 8.2% and finance costs declined by 33.3% YoY, respectively.
  • Other income declined by 27.4% YoY during the quarter.
  • Net profit for the quarter increased by 50.7% YoY. Net profit margins during the quarter increased from 14.6% in 2QFY18 to 17.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 16.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.9% QoQ during the same period.
  • The company's operating profit increased by 29.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.7% in 2QFY19 as against 24.9% in 1QFY18.
  • Net profit for the quarter increased by 33.2% QoQ, while net profit margins increased from 15.5% in 1QFY18 to 17.8% in 2QFY19.

To see how CONTAINER CORP has performed over the last eight quarters, please visit here.

CONTAINER CORP Share Price Performance

Over the last one year, CONTAINER CORP share price has moved up from Rs 696.5 to Rs 671.0, registering a Loss of Rs 25.6 or around 3.7%.

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 671.0, the price to earnings (P/E) ratio of CONTAINER CORP stands at 27.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.7 times.

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