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

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CENTURY ENKA Announces Quarterly Results (3QFY19); Net Profit Down 29.0%
Mon, 28 Jan

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

CENTURY ENKA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3,6264,7914,719-1.5%30.1%
Other incomeRs m234292118.9%291.9%
TurnoverRs m3,6504,8334,810-0.5%31.8%
ExpensesRs m3,0964,3524,345-0.2%40.4%
Gross profitRs m530439328-25.2%-38.2%
DepreciationRs m1011131141.0%12.2%
InterestRs m898-10.6%7.7%
Profit before taxRs m445358297-17.0%-33.1%
TaxRs m15812694-25.6%-40.7%
Profit after taxRs m287232204-12.4%-29.0%
Gross profit margin%14.69.26.9
Effective tax rate%35.535.231.5
Net profit margin%7.94.84.2
* 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 30.1% on a year-on-year (YoY) basis. The expenses were up by 40.4% YoY during the same period.
  • The company's operating profit declined by 38.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.9% in 3QFY19 as against 14.6% in 3QFY18.
  • Depreciation charges increased by 12.2% and finance costs increased by 7.7% YoY, respectively.
  • Other income increased by 291.9% YoY during the quarter.
  • Net profit for the quarter declined by 29.0% YoY. Net profit margins during the quarter declined from 7.9% in 3QFY18 to 4.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.2% QoQ during the same period.
  • The company's operating profit declined by 25.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.9% in 3QFY19 as against 9.2% in 2QFY18.
  • Net profit for the quarter declined by 12.4% QoQ, while net profit margins declined from 4.8% in 2QFY18 to 4.2% in 3QFY19.

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 336.2 to Rs 243.2, registering a Loss of Rs 93.0 or around 27.7%.

Overall, the S&P BSE SENSEX is down 0.5% over the year.

Current Valuations

At the current price of Rs 243.2, the price to earnings (P/E) ratio of CENTURY ENKA stands at 6.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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