CHOLAMANDALAM INVEST. Announces Quarterly Results (3QFY19); Net Profit Up 21.7%

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CHOLAMANDALAM INVEST. Announces Quarterly Results (3QFY19); Net Profit Up 21.7%
Fri, 1 Feb

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

CHOLAMANDALAM INVEST. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m14,04316,75718,3079.2%30.4%
Other incomeRs m11110.0%57.1%
TurnoverRs m14,04416,75818,3089.2%30.4%
ExpensesRs m4,2093,3973,96116.6%-5.9%
Gross profitRs m9,83913,36114,3467.4%45.8%
DepreciationRs m13812815118.1%9.5%
InterestRs m5,8968,6399,56110.7%62.2%
Profit before taxRs m3,8064,5954,6350.9%21.8%
TaxRs m1,3041,5491,5912.8%22.0%
Profit after taxRs m2,5023,0473,044-0.1%21.7%
Gross profit margin%70.179.778.4
Effective tax rate%34.333.734.3
Net profit margin%17.818.216.6
* 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 30.4% on a year-on-year (YoY) basis. The expenses were down by 5.9% 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 78.4% in 3QFY19 as against 70.1% in 3QFY18.
  • Depreciation charges increased by 9.5% and finance costs increased by 62.2% YoY, respectively.
  • Other income increased by 57.1% YoY during the quarter.
  • Net profit for the quarter increased by 21.7% YoY. Net profit margins during the quarter declined from 17.8% in 3QFY18 to 16.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.6% QoQ during the same period.
  • The company's operating profit declined by 7.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 78.4% in 3QFY19 as against 79.7% in 2QFY18.
  • Net profit for the quarter declined by 0.1% QoQ, while net profit margins declined from 18.2% in 2QFY18 to 16.6% in 3QFY19.

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 1,330.9 to Rs 1,210.0, registering a Loss of Rs 120.9 or around 9.1%.

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 1,210.0, the price to earnings (P/E) ratio of CHOLAMANDALAM INVEST. stands at 14.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.6 times.

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