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

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CENTURY ENKA Announces Quarterly Results (2QFY19); Net Profit Up 28.1%
Mon, 12 Nov

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

CENTURY ENKA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,0624,0594,79118.0%56.4%
Other incomeRs m42344225.1%-0.2%
TurnoverRs m3,1044,0924,83318.1%55.7%
ExpensesRs m2,9633,6094,35220.6%46.9%
Gross profitRs m349450439-2.6%25.8%
DepreciationRs m1041101132.1%8.6%
InterestRs m98916.0%6.8%
Profit before taxRs m278365358-1.9%28.9%
TaxRs m97141126-10.4%30.6%
Profit after taxRs m1812252323.5%28.1%
Gross profit margin%11.411.19.2
Effective tax rate%34.738.535.2
Net profit margin%5.85.54.8
* 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 56.4% on a year-on-year (YoY) basis. The expenses were up by 46.9% YoY during the same period.
  • The company's operating profit increased by 25.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.2% in 2QFY19 as against 11.4% in 2QFY18.
  • Depreciation charges increased by 8.6% and finance costs increased by 6.8% YoY, respectively.
  • Other income declined by 0.2% YoY during the quarter.
  • Net profit for the quarter increased by 28.1% YoY. Net profit margins during the quarter declined from 5.8% in 2QFY18 to 4.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 20.6% QoQ during the same period.
  • The company's operating profit declined by 2.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.2% in 2QFY19 as against 11.1% in 1QFY18.
  • Net profit for the quarter increased by 3.5% QoQ, while net profit margins declined from 5.5% in 1QFY18 to 4.8% in 2QFY19.

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 336.6 to Rs 279.5, registering a Loss of Rs 57.1 or around 17.0%.

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 279.5, the price to earnings (P/E) ratio of CENTURY ENKA stands at 6.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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