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CENTURY TEXTILES Announces Quarterly Results (4QFY19); Net Profit Up 41.2%

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CENTURY TEXTILES Announces Quarterly Results (4QFY19); Net Profit Up 41.2%
Tue, 7 May

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

CENTURY TEXTILES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m20,8739,5119,388-1.3%-55.0%
Other incomeRs m1,489616981042.1%-53.1%
TurnoverRs m22,3629,57210,0855.4%-54.9%
ExpensesRs m18,7857,4787,070-5.5%-62.4%
Gross profitRs m2,0882,0332,31714.0%11.0%
DepreciationRs m791477476-0.4%-39.8%
InterestRs m1,060248108-56.5%-89.8%
Profit before taxRs m1,7271,3692,43277.7%40.8%
TaxRs m64048489785.3%40.1%
Profit after taxRs m1,0878851,53573.5%41.2%
Gross profit margin%10.021.424.7
Effective tax rate%37.135.336.9
Net profit margin%4.99.215.2
* 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 55.0% on a year-on-year (YoY) basis. The expenses were down by 62.4% YoY during the same period.
  • The company's operating profit increased by 11.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.7% in 4QFY19 as against 10.0% in 4QFY18.
  • Depreciation charges declined by 39.8% and finance costs declined by 89.8% YoY, respectively.
  • Other income declined by 53.1% YoY during the quarter.
  • Net profit for the quarter increased by 41.2% YoY. Net profit margins during the quarter increased from 4.9% in 4QFY18 to 15.2% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.5% QoQ during the same period.
  • The company's operating profit increased by 14.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.7% in 4QFY19 as against 21.4% in 3QFY18.
  • Net profit for the quarter increased by 73.5% QoQ, while net profit margins increased from 9.2% in 3QFY18 to 15.2% in 4QFY19.

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 1,100.2 to Rs 918.9, registering a Loss of Rs 181.3 or around 16.5%.

Overall, the S&P BSE SENSEX is up 9.9% over the year.

Current Valuations

At the current price of Rs 918.9, the price to earnings (P/E) ratio of CENTURY TEXTILES stands at 16.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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

Jan 29, 2019 | Updated on Jan 29, 2019

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

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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.

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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.

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Jun 19, 2019 10:27 AM

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