CAREER POINT Announces Quarterly Results (2QFY19); Net Profit Up 49.2%

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CAREER POINT Announces Quarterly Results (2QFY19); Net Profit Up 49.2%
Tue, 27 Nov

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

CAREER POINT Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m227264262-0.6%15.4%
Other incomeRs m28822170.4%-23.5%
TurnoverRs m2562722844.5%11.1%
ExpensesRs m152170167-1.5%9.7%
Gross profitRs m7594962.3%28.7%
DepreciationRs m111211-8.4%-6.8%
InterestRs m161813-23.7%-15.2%
Profit before taxRs m76739428.9%23.7%
TaxRs m301025144.9%-16.0%
Profit after taxRs m46636910.0%49.2%
Gross profit margin%32.935.736.7
Effective tax rate%39.114.026.6
Net profit margin%18.123.024.3
* 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 15.4% on a year-on-year (YoY) basis. The expenses were up by 9.7% YoY during the same period.
  • The company's operating profit increased by 28.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.7% in 2QFY19 as against 32.9% in 2QFY18.
  • Depreciation charges declined by 6.8% and finance costs declined by 15.2% YoY, respectively.
  • Other income declined by 23.5% YoY during the quarter.
  • Net profit for the quarter increased by 49.2% YoY. Net profit margins during the quarter increased from 18.1% in 2QFY18 to 24.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.5% QoQ during the same period.
  • The company's operating profit increased by 2.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.7% in 2QFY19 as against 35.7% in 1QFY18.
  • Net profit for the quarter increased by 10.0% QoQ, while net profit margins increased from 23.2% in 1QFY18 to 24.3% in 2QFY19.

To see how CAREER POINT has performed over the last eight quarters, please visit here.

CAREER POINT Share Price Performance

Over the last one year, CAREER POINT share price has moved up from Rs 140.2 to Rs 74.8, registering a Loss of Rs 65.4 or around 46.6%.

Overall, the S&P BSE SENSEX is up 5.2% over the year.

Current Valuations

At the current price of Rs 74.8, the price to earnings (P/E) ratio of CAREER POINT stands at 5.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

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