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CENTURY ENKA Announces Quarterly Results (1QFY19); Net Profit Up 268.0%

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CENTURY ENKA Announces Quarterly Results (1QFY19); Net Profit Up 268.0%
Fri, 3 Aug

CENTURY ENKA has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

CENTURY ENKA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m3,6884,1024,059-1.0%10.1%
Other incomeRs m674534-25.9%-49.9%
TurnoverRs m3,7554,1474,092-1.3%9.0%
ExpensesRs m3,5493,7533,609-3.8%1.7%
Gross profitRs m13934945029.0%224.7%
DepreciationRs m102113110-2.0%8.7%
InterestRs m9881.3%-13.8%
Profit before taxRs m9527336533.5%286.3%
TaxRs m3410214138.5%319.7%
Profit after taxRs m6117222530.6%268.0%
Gross profit margin%3.88.511.1
Effective tax rate%35.437.138.5
Net profit margin%1.64.15.5
* 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 10.1% on a year-on-year (YoY) basis. The expenses were up by 1.7% YoY during the same period.
  • The company's operating profit increased by 224.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.1% in 1QFY19 as against 3.8% in 1QFY18.
  • Depreciation charges and finance costs increased by 8.7% YoY and 13.8% YoY, respectively.
  • Other income declined by 49.9% YoY during the quarter.
  • Net profit for the quarter increased by 268.0% YoY. Net profit margins during the quarter increased from 1.6% in 1QFY18 to 5.5% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.8% QoQ during the same period.
  • The company's operating profit increased by 29.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.1% in 1QFY19 as against 8.5% in 4QFY18.
  • Net profit for the quarter increased by 30.6% QoQ, while net profit margins increased from 4.1% in 4QFY18 to 5.5% in 1QFY19.

To see how CENTURY ENKA has performed over the last eight quarters, please visit here.

CENTURY ENKA Share Price Performance

Over the last one year, CENTURY ENKA share price has moved up from Rs 308.5 to Rs 294.0, registering a Loss of Rs 14.5 or around 4.7%.

Overall, the S&P BSE SENSEX is up 1.1% over the year.

Current Valuations

At the current price of Rs 294.0, the price to earnings (P/E) ratio of CENTURY ENKA stands at 7.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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CENTURY ENKA Announces Quarterly Results (3QFY19); Net Profit Down 29.0% (Quarterly Result Update)

Jan 28, 2019 | Updated on Jan 28, 2019

For the quarter ended December 2018, CENTURY ENKA has posted a net profit of Rs 204 m (down 29.0% YoY). Sales on the other hand came in at Rs 5 bn (up 30.1% YoY). Read on for a complete analysis of CENTURY ENKA's quarterly results.

CENTURY ENKA 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of CENTURY ENKA for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of CENTURY ENKA. Also includes updates on the valuation of CENTURY ENKA.

CENTURY ENKA Announces Quarterly Results (2QFY19); Net Profit Up 28.1% (Quarterly Result Update)

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, CENTURY ENKA has posted a net profit of Rs 232 m (up 28.1% YoY). Sales on the other hand came in at Rs 5 bn (up 56.4% YoY). Read on for a complete analysis of CENTURY ENKA's quarterly results.

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