MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Research It
- CENTURY TEXTILES
- 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.
|
| |
Related Views on News
CENTURY TEXTILES Announces Quarterly Results (2QFY20); Net Profit Up 28.8% (Quarterly Result Update)
Nov 12, 2019 | Updated on Nov 12, 2019For the quarter ended September 2019, CENTURY TEXTILES has posted a net profit of Rs 2 bn (up 28.8% YoY). Sales on the other hand came in at Rs 9 bn (down 57.6% YoY). Read on for a complete analysis of CENTURY TEXTILES's quarterly results.
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 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.
More Views on NewsMost Popular
Sorry Warren Buffett, I'm Following This Man Instead of You in 2020(The 5 Minute Wrapup)
Mar 30, 2020This man warned of an impending market correction while everyone else was celebrating the renewed optimism in early 2020...
One Stock that is All Charged Up for the Post Coronavirus Rebound(The 5 Minute Wrapup)
Apr 1, 2020A stock with strong moat is currently trading near 5-year lows.
A Safe Stock to Lockdown Now(The 5 Minute Wrapup)
Apr 2, 2020The market crashc has made strong, established brands attractive. Here's a stock to make the most of this opportunity...
The Insiders See a Buying Opportunity in These Smallcaps Amid Coronavirus Outbreak(Profit Hunter)
Mar 31, 2020The promoters are buying these smallcaps amid the coronavirus outbreak.
How to Identify a Market Rebound(Fast Profits Daily)
Mar 27, 2020This very useful indicator can spot a market bottom.
More|
| |
OUR TOP 5 IDEAS
- How to Trade the Coronavirus Crash - Download this FREE Report Now
- Are You Making One of These 15 Costly Mistakes While Investing. Learn more!
- A Guide to some of the Most Lucrative Stocks in the Market. Download For Free!
- Free Report: The Secret to Increasing Your Trading Profits Daily!
- Find Out Our Top 7 Bluechips for 2020 Virtually FREE. Click Here Now!
CENTURY TEXTILES SHARE PRICE
Apr 9, 2020 (Close)
TRACK CENTURY TEXTILES
- Track your investment in CENTURY TEXTILES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
- Add To MyStocks
MORE ON CENTURY TEXTILES
CENTURY TEXTILES 8-QTR ANALYSIS
COMPARE CENTURY TEXTILES WITH
OTHER USEFUL LINKS
MARKET STATS
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
FREE NEWSLETTERS
PREMIUM PRODUCTS
QUICK LINKS
APPS
Copyright © Equitymaster Agora Research Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster requests your view! Post a comment on "CENTURY TEXTILES Announces Quarterly Results (1QFY20); Net Profit Down 56.0%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!