CINELINE INDIA Announces Quarterly Results (1QFY20); Net Profit Down 85.0%

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CINELINE INDIA Announces Quarterly Results (1QFY20); Net Profit Down 85.0%
Wed, 21 Aug

CINELINE INDIA has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

CINELINE INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m60597020.3%17.1%
Other incomeRs m262513-48.1%-50.7%
TurnoverRs m8683830.0%-3.4%
ExpensesRs m172321-10.8%22.5%
Gross profitRs m43355041.0%15.0%
DepreciationRs m9111644.1%83.1%
InterestRs m18304136.7%127.4%
Profit before taxRs m43196-69.2%-86.2%
TaxRs m1231-49.6%-89.3%
Profit after taxRs m31175-72.1%-85.0%
Gross profit margin%71.960.270.6
Effective tax rate%27.613.121.4
Net profit margin%35.819.95.6
* 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 17.1% on a year-on-year (YoY) basis. The expenses were up by 22.5% YoY during the same period.
  • The company's operating profit increased by 15.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 70.6% in 1QFY20 as against 71.9% in 1QFY19.
  • Depreciation charges increased by 83.1% and finance costs increased by 127.4% YoY, respectively.
  • Other income declined by 50.7% YoY during the quarter.
  • Net profit for the quarter declined by 85.0% YoY. Net profit margins during the quarter declined from 35.8% in 1QFY19 to 5.6% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 20.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 10.8% QoQ during the same period.
  • The company's operating profit increased by 41.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 70.6% in 1QFY20 as against 60.2% in 4QFY19.
  • Net profit for the quarter declined by 72.1% QoQ, while net profit margins declined from 20.5% in 4QFY19 to 5.6% in 1QFY20.

To see how CINELINE INDIA has performed over the last eight quarters,please visit here.

CINELINE INDIA Share Price Performance

Over the last one year,CINELINE INDIA share price has moved down from Rs 55.7 to Rs 35.0, registering a Loss of Rs 20.7 or around 37.1%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,716.9 (up 0.2%). Over the last one year it has moved up from 7,558.3 to 7,716.9, a gain of 159 points (up 2.1%).

Overall, the S&P BSE SENSEX is down 2.5% over the year.

Current Valuations

At the current price of Rs 35.0, the price to earnings (P/E) ratio of CINELINE INDIA stands at 13.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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