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

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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.

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CENTURY TEXTILES Announces Quarterly Results (2QFY19); Net Profit Up 111.9% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, CENTURY TEXTILES has posted a net profit of Rs 2 bn (up 111.9% YoY). Sales on the other hand came in at Rs 21 bn (up 14.7% 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.

CENTURY TEXTILES Announces Quarterly Results (1QFY19); Net Profit Up 51.0% (Quarterly Result Update)

Aug 1, 2018 | Updated on Aug 1, 2018

For the quarter ended June 2018, CENTURY TEXTILES has posted a net profit of Rs 2 bn (up 51.0% YoY). Sales on the other hand came in at Rs 22 bn (down 5.7% YoY). Read on for a complete analysis of CENTURY TEXTILES's quarterly results.

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