CENTURY ENKA Announces Quarterly Results (4QFY19); Net Profit Down 38.7%

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CENTURY ENKA Announces Quarterly Results (4QFY19); Net Profit Down 38.7%
Fri, 24 May

CENTURY ENKA has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

CENTURY ENKA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m4,1024,7194,346-7.9%5.9%
Other incomeRs m459249-46.3%8.8%
TurnoverRs m4,1474,8104,395-8.6%6.0%
ExpensesRs m3,7534,3454,102-5.6%9.3%
Gross profitRs m349328243-25.8%-30.2%
DepreciationRs m113114114-0.3%0.8%
InterestRs m8893.6%8.8%
Profit before taxRs m273297170-42.7%-37.7%
TaxRs m1029465-30.7%-36.1%
Profit after taxRs m172204105-48.2%-38.7%
Gross profit margin%8.56.95.6
Effective tax rate%37.131.538.1
Net profit margin%4.14.22.4
* 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 5.9% on a year-on-year (YoY) basis. The expenses were up by 9.3% YoY during the same period.
  • The company's operating profit declined by 30.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.6% in 4QFY19 as against 8.5% in 4QFY18.
  • Depreciation charges increased by 0.8% and finance costs increased by 8.8% YoY, respectively.
  • Other income increased by 8.8% YoY during the quarter.
  • Net profit for the quarter declined by 38.7% YoY. Net profit margins during the quarter declined from 4.1% in 4QFY18 to 2.4% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.6% QoQ during the same period.
  • The company's operating profit declined by 25.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.6% in 4QFY19 as against 6.9% in 3QFY18.
  • Net profit for the quarter declined by 48.2% QoQ, while net profit margins declined from 4.2% in 3QFY18 to 2.4% in 4QFY19.

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 316.7 to Rs 222.9, registering a Loss of Rs 93.9 or around 29.6%.

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 222.9, 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 0.5 times.

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For the quarter ended December 2019, CENTURY ENKA has posted a net profit of Rs 92 m (down 55.0% YoY). Sales on the other hand came in at Rs 4 bn (down 21.7% YoY). Read on for a complete analysis of CENTURY ENKA's quarterly results.

CENTURY ENKA Announces Quarterly Results (1QFY20); Net Profit Down 17.7% (Quarterly Result Update)

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For the quarter ended June 2019, CENTURY ENKA has posted a net profit of Rs 185 m (down 17.7% YoY). Sales on the other hand came in at Rs 4 bn (down 7.5% YoY). Read on for a complete analysis of CENTURY ENKA's quarterly results.

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