CHOLAMANDALAM INVEST. Announces Quarterly Results (2QFY19); Net Profit Up 33.5%

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CHOLAMANDALAM INVEST. Announces Quarterly Results (2QFY19); Net Profit Up 33.5%
Tue, 6 Nov

CHOLAMANDALAM INVEST. has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

CHOLAMANDALAM INVEST. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m13,12715,97016,7574.9%27.7%
Other incomeRs m221-50.0%-56.5%
TurnoverRs m13,12915,97216,7584.9%27.6%
ExpensesRs m3,9663,4403,397-1.2%-14.3%
Gross profitRs m9,16312,53113,3616.6%45.8%
DepreciationRs m1191271280.8%7.1%
InterestRs m5,5618,0188,6397.7%55.3%
Profit before taxRs m3,4864,3884,5954.7%31.8%
TaxRs m1,2041,5351,5490.9%28.6%
Profit after taxRs m2,2822,8533,0476.8%33.5%
Gross profit margin%69.878.579.7
Effective tax rate%34.535.033.7
Net profit margin%17.417.918.2
* 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 grew 27.7% on a year-on-year (YoY) basis. The expenses were down by 14.3% YoY during the same period.
  • The company's operating profit increased by 45.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 79.7% in 2QFY19 as against 69.8% in 2QFY18.
  • Depreciation charges increased by 7.1% and finance costs increased by 55.3% YoY, respectively.
  • Other income declined by 56.5% YoY during the quarter.
  • Net profit for the quarter increased by 33.5% YoY. Net profit margins during the quarter increased from 17.4% in 2QFY18 to 18.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.2% QoQ during the same period.
  • The company's operating profit increased by 6.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 79.7% in 2QFY19 as against 78.5% in 1QFY18.
  • Net profit for the quarter increased by 6.8% QoQ, while net profit margins increased from 17.9% in 1QFY18 to 18.2% in 2QFY19.

To see how CHOLAMANDALAM INVEST. has performed over the last eight quarters, please visit here.

CHOLAMANDALAM INVEST. Share Price Performance

Over the last one year, CHOLAMANDALAM INVEST. share price has moved up from Rs 1,263.8 to Rs 1,305.5, registering a Gain of Rs 41.7 or around 3.3%.

Overall, the S&P BSE SENSEX is up 4.1% over the year.

Current Valuations

At the current price of Rs 1,305.5, the price to earnings (P/E) ratio of CHOLAMANDALAM INVEST. stands at 16.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.2 times.

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