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- CENTURY TEXTILES Announces Quarterly Results (1QFY20); Net Profit Down 56.0%
CENTURY TEXTILES Announces Quarterly Results (1QFY20); Net Profit Down 56.0%
Fri, 16 Aug
CENTURY TEXTILES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:
CENTURY TEXTILES Quarterly Financials
| No. of Mths Qtr. Ending | 3 Jun-18* | 3 Mar-19* | 3 Jun-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 21,882 | 9,388 | 8,744 | -6.9% | -60.0% |
| Other income | Rs m | 212 | 698 | 68 | -90.3% | -68.1% |
| Turnover | Rs m | 22,094 | 10,085 | 8,811 | -12.6% | -60.1% |
| Expenses | Rs m | 17,541 | 7,070 | 6,808 | -3.7% | -61.2% |
| Gross profit | Rs m | 4,341 | 2,317 | 1,935 | -16.5% | -55.4% |
| Depreciation | Rs m | 778 | 476 | 545 | 14.6% | -30.0% |
| Interest | Rs m | 999 | 108 | 219 | 102.5% | -78.1% |
| Profit before tax | Rs m | 2,775 | 2,432 | 1,239 | -49.0% | -55.3% |
| Tax | Rs m | 960 | 897 | 440 | -50.9% | -54.2% |
| Profit after tax | Rs m | 1,815 | 1,535 | 799 | -47.9% | -56.0% |
| Gross profit margin | % | 19.8 | 24.7 | 22.1 | ||
| Effective tax rate | % | 34.6 | 36.9 | 35.5 | ||
| Net profit margin | % | 8.2 | 15.2 | 9.1 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 60.0% on a year-on-year (YoY) basis. The expenses were down by 61.2% YoY during the same period.
- The company's operating profit declined by 55.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.1% in 1QFY20 as against 19.8% in 1QFY19.
- Depreciation charges declined by 30.0% and finance costs declined by 78.1% YoY, respectively.
- Other income declined by 68.1% YoY during the quarter.
- Net profit for the quarter declined by 56.0% YoY. Net profit margins during the quarter increased from 8.2% in 1QFY19 to 9.1% in 1QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 6.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.7% QoQ during the same period.
- The company's operating profit declined by 16.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.1% in 1QFY20 as against 24.7% in 4QFY19.
- Net profit for the quarter declined by 47.9% QoQ, while net profit margins declined from 15.2% in 4QFY19 to 9.1% in 1QFY20.
To see how CENTURY TEXTILES has performed over the last eight quarters,please visit here.
CENTURY TEXTILES Share Price Performance
Over the last one year,CENTURY TEXTILES share price has moved down from Rs 911.8 to Rs 900.7, registering a Loss of Rs 11.1 or around 1.2%.
Overall, the S&P BSE SENSEX is down 1.4% over the year.
Current Valuations
At the current price of Rs 900.7, the price to earnings (P/E) ratio of CENTURY TEXTILES stands at 19.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.
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CENTURY TEXTILES Announces Quarterly Results (4QFY19); Net Profit Up 41.2% (Quarterly Result Update)
May 7, 2019 | Updated on May 7, 2019For the quarter ended March 2019, CENTURY TEXTILES has posted a net profit of Rs 2 bn (up 41.2% YoY). Sales on the other hand came in at Rs 9 bn (down 55.0% YoY). Read on for a complete analysis of CENTURY TEXTILES's quarterly results.
CENTURY TEXTILES Announces Quarterly Results (3QFY19); Net Profit Down 9.0% (Quarterly Result Update)
Jan 29, 2019 | Updated on Jan 29, 2019For the quarter ended December 2018, CENTURY TEXTILES has posted a net profit of Rs 885 m (down 9.0% YoY). Sales on the other hand came in at Rs 10 bn (down 54.0% YoY). Read on for a complete analysis of CENTURY TEXTILES's quarterly results.
CENTURY TEXTILES 2017-18 Annual Report Analysis (Annual Result Update)
Sep 25, 2018 | Updated on Sep 25, 2018Here's an analysis of the annual report of CENTURY TEXTILES for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of CENTURY TEXTILES. Also includes updates on the valuation of CENTURY TEXTILES.
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