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CONTAINER CORP Announces Quarterly Results (3QFY19); Net Profit Down 5.0%

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CONTAINER CORP Announces Quarterly Results (3QFY19); Net Profit Down 5.0%
Thu, 14 Feb

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

CONTAINER CORP Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m16,39618,22316,571-9.1%1.1%
Other incomeRs m7276927417.1%2.0%
TurnoverRs m17,12218,91517,312-8.5%1.1%
ExpensesRs m11,94013,18112,387-6.0%3.7%
Gross profitRs m4,4565,0424,184-17.0%-6.1%
DepreciationRs m9951,0481,0591.1%6.4%
InterestRs m0000.0%0.0%
Profit before taxRs m4,1874,6863,866-17.5%-7.7%
TaxRs m1,2971,3261,119-15.6%-13.7%
Profit after taxRs m2,8913,3612,747-18.3%-5.0%
Gross profit margin%27.227.725.2
Effective tax rate%31.028.328.9
Net profit margin%16.917.815.9
* 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 1.1% on a year-on-year (YoY) basis. The expenses were up by 3.7% YoY during the same period.
  • The company's operating profit declined by 6.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.2% in 3QFY19 as against 27.2% in 3QFY18.
  • Depreciation charges increased by 6.4% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 2.0% YoY during the quarter.
  • Net profit for the quarter declined by 5.0% YoY. Net profit margins during the quarter declined from 16.9% in 3QFY18 to 15.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.0% QoQ during the same period.
  • The company's operating profit declined by 17.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.2% in 3QFY19 as against 27.7% in 2QFY18.
  • Net profit for the quarter declined by 18.3% QoQ, while net profit margins declined from 17.8% in 2QFY18 to 15.9% in 3QFY19.

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 529.1 to Rs 496.0, registering a Loss of Rs 33.1 or around 6.3%.

Overall, the S&P BSE SENSEX is up 5.1% over the year.

Current Valuations

At the current price of Rs 496.0, the price to earnings (P/E) ratio of CONTAINER CORP stands at 20.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

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