CENTURY TEXTILES Announces Quarterly Results (3QFY19); Net Profit Down 9.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

CENTURY TEXTILES Announces Quarterly Results (3QFY19); Net Profit Down 9.0%
Tue, 29 Jan

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

CENTURY TEXTILES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m20,69420,8899,511-54.5%-54.0%
Other incomeRs m17221861-72.0%-64.4%
TurnoverRs m20,86621,1079,572-54.6%-54.1%
ExpensesRs m17,35717,1177,478-56.3%-56.9%
Gross profitRs m3,3373,7722,033-46.1%-39.1%
DepreciationRs m782778477-38.6%-38.9%
InterestRs m1,099900248-72.4%-77.4%
Profit before taxRs m1,6282,3131,369-40.8%-15.9%
TaxRs m655712484-32.1%-26.2%
Profit after taxRs m9731,601885-44.7%-9.0%
Gross profit margin%16.118.121.4
Effective tax rate%40.330.835.3
Net profit margin%4.77.69.2
* 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 fell 54.0% on a year-on-year (YoY) basis. The expenses were down by 56.9% YoY during the same period.
  • The company's operating profit declined by 39.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.4% in 3QFY19 as against 16.1% in 3QFY18.
  • Depreciation charges declined by 38.9% and finance costs declined by 77.4% YoY, respectively.
  • Other income declined by 64.4% YoY during the quarter.
  • Net profit for the quarter declined by 9.0% YoY. Net profit margins during the quarter increased from 4.7% in 3QFY18 to 9.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 54.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 56.3% QoQ during the same period.
  • The company's operating profit increased by 46.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.4% in 3QFY19 as against 18.1% in 2QFY18.
  • Net profit for the quarter declined by 44.7% QoQ, while net profit margins increased from 7.6% in 2QFY18 to 9.2% in 3QFY19.

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 up from Rs 1,406.4 to Rs 813.2, registering a Loss of Rs 593.2 or around 42.2%.

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 813.2, the price to earnings (P/E) ratio of CENTURY TEXTILES stands at 15.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

Equitymaster requests your view! Post a comment on "CENTURY TEXTILES Announces Quarterly Results (3QFY19); Net Profit Down 9.0%". Click here!

  

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, 2019

For 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 (1QFY20); Net Profit Down 56.0% (Quarterly Result Update)

Aug 16, 2019 | Updated on Aug 16, 2019

For the quarter ended June 2019, CENTURY TEXTILES has posted a net profit of Rs 799 m (down 56.0% YoY). Sales on the other hand came in at Rs 9 bn (down 60.0% 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, 2018

Here'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 News

Most Popular

Could this Smallcap Be the Next Page Industries?(Profit Hunter)

Nov 27, 2019

A single stock - Coca Cola, made Buffett billions. Here's your chance to break into the crorepati club with a single smallcap stock investment.

How We Made 12.68% in One Overnight Trade(The 5 Minute Wrapup)

Nov 25, 2019

This one trade had my subscribers laughing all the way to the bank.

Growth Stocks or Value Stocks... What Will Make You More Money in this Bull Market?(Profit Hunter)

Nov 28, 2019

Should you invest in growth stocks or value stocks to make strong returns in this market?

Two Trends to Look at as Sensex Crosses 41,000 Levels(Views On News)

Nov 26, 2019

The two trends that are playing out as Sensex touches new record high.

The Best Trading Strategy for Fast Profits

Nov 29, 2019

Vijay and I have decided to team up and bring you a unique offering never seen before in the Indian stock markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

CENTURY TEXTILES SHARE PRICE


Dec 6, 2019 03:31 PM

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

MARKET STATS