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DEN NETWORKS Announces Quarterly Results (2QFY19); Net Profit Up 1280.2%

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DEN NETWORKS Announces Quarterly Results (2QFY19); Net Profit Up 1280.2%
Tue, 27 Nov

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

DEN NETWORKS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,2783,1423,104-1.2%-5.3%
Other incomeRs m718847-46.8%-34.2%
TurnoverRs m3,3493,2303,151-2.5%-5.9%
ExpensesRs m2,4622,6782,595-3.1%5.4%
Gross profitRs m82345891399.3%10.9%
DepreciationRs m6276276280.2%0.1%
InterestRs m172166146-12.0%-14.7%
Profit before taxRs m95-24718694.4%
TaxRs m843332-2.1%-61.7%
Profit after taxRs m11-2801531280.2%
Gross profit margin%25.114.629.4
Effective tax rate%88.4-13.417.4
Net profit margin%0.3-8.74.9
* 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 5.3% on a year-on-year (YoY) basis. The expenses were up by 5.4% YoY during the same period.
  • The company's operating profit increased by 10.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.4% in 2QFY19 as against 25.1% in 2QFY18.
  • Depreciation charges increased by 0.1% and finance costs declined by 14.7% YoY, respectively.
  • Other income declined by 34.2% YoY during the quarter.
  • Net profit for the quarter increased by 1280.2% YoY. Net profit margins during the quarter increased from 0.3% in 2QFY18 to 4.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.1% QoQ during the same period.
  • The company's operating profit increased by 99.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.4% in 2QFY19 as against 14.6% in 1QFY18.
  • Net profit for the quarter increased by 154.8% QoQ, while net profit margins increased from -8.7% in 1QFY18 to 4.9% in 2QFY19.

To see how DEN NETWORKS has performed over the last eight quarters, please visit here.

DEN NETWORKS Share Price Performance

Over the last one year, DEN NETWORKS share price has moved up from Rs 91.6 to Rs 69.1, registering a Loss of Rs 22.5 or around 24.5%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 6,950.9 (up 1.1%). Over the last one year it has moved up from 6,176.7 to 6,950.9, a gain of 774 points (up 12.5%).

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

Current Valuations

At the current price of Rs 69.1, the price to book value (P/BV) ratio of DEN NETWORKS stands at 1.4 times.

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Feb 22, 2019 (Close)

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