CAREER POINT Announces Quarterly Results (3QFY19); Net Profit Down 24.9%

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CAREER POINT Announces Quarterly Results (3QFY19); Net Profit Down 24.9%
Fri, 22 Feb

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

CAREER POINT Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m255262237-9.7%-7.0%
Other incomeRs m202214-34.2%-28.4%
TurnoverRs m275284251-11.5%-8.6%
ExpensesRs m147167145-13.5%-1.8%
Gross profitRs m1079692-4.2%-14.2%
DepreciationRs m1211116.2%-1.6%
InterestRs m12131723.4%36.7%
Profit before taxRs m1049479-16.2%-24.2%
TaxRs m272521-15.6%-22.3%
Profit after taxRs m776958-16.4%-24.9%
Gross profit margin%42.236.738.9
Effective tax rate%26.126.626.8
Net profit margin%27.924.322.9
* 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 7.0% on a year-on-year (YoY) basis. The expenses were down by 1.8% YoY during the same period.
  • The company's operating profit declined by 14.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 38.9% in 3QFY19 as against 42.2% in 3QFY18.
  • Depreciation charges declined by 1.6% and finance costs increased by 36.7% YoY, respectively.
  • Other income declined by 28.4% YoY during the quarter.
  • Net profit for the quarter declined by 24.9% YoY. Net profit margins during the quarter declined from 27.9% in 3QFY18 to 22.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 13.5% QoQ during the same period.
  • The company's operating profit increased by 4.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 38.9% in 3QFY19 as against 36.7% in 2QFY18.
  • Net profit for the quarter declined by 16.4% QoQ, while net profit margins declined from 24.3% in 2QFY18 to 22.9% in 3QFY19.

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 123.7 to Rs 69.9, registering a Loss of Rs 53.8 or around 43.5%.

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 69.9, the price to earnings (P/E) ratio of CAREER POINT stands at 5.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

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