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DEN NETWORKS Announces Quarterly Results (3QFY19); Net Profit Down 1792.5%

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DEN NETWORKS Announces Quarterly Results (3QFY19); Net Profit Down 1792.5%
Wed, 16 Jan

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

DEN NETWORKS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3,2823,1043,084-0.6%-6.0%
Other incomeRs m6747494.9%-26.7%
TurnoverRs m3,3493,1513,133-0.5%-6.4%
ExpensesRs m2,4942,5952,6030.3%4.4%
Gross profitRs m788913481-47.3%-39.0%
DepreciationRs m6096286371.3%4.5%
InterestRs m149146139-5.1%-6.8%
Profit before taxRs m97186-245-232.2%-352.8%
TaxRs m80324847.4%-40.3%
Profit after taxRs m17153-293-291.1%-1792.5%
Gross profit margin%24.029.415.6
Effective tax rate%82.217.4-19.4
Net profit margin%0.54.9-9.3
* 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 fell 6.0% on a year-on-year (YoY) basis. The expenses were up by 4.4% YoY during the same period.
  • The company's operating profit declined by 39.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.6% in 3QFY19 as against 24.0% in 3QFY18.
  • Depreciation charges increased by 4.5% and finance costs declined by 6.8% YoY, respectively.
  • Other income declined by 26.7% YoY during the quarter.
  • Net profit for the quarter declined by 1792.5% YoY. Net profit margins during the quarter declined from 0.5% in 3QFY18 to -9.3% in 3QFY19.
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 up by 0.3% QoQ during the same period.
  • The company's operating profit declined by 47.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.6% in 3QFY19 as against 29.4% in 2QFY18.
  • Net profit for the quarter declined by 291.1% QoQ, while net profit margins declined from 4.9% in 2QFY18 to -9.3% in 3QFY19.

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 129.8 to Rs 70.0, registering a Loss of Rs 59.8 or around 46.1%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,286.9 (up 0.1%). Over the last one year it has moved up from 6,712.2 to 7,286.9, a gain of 575 points (up 8.6%).

Overall, the S&P BSE SENSEX is up 4.6% over the year.

Current Valuations

At the current price of Rs 70.0, the price to book value (P/BV) ratio of DEN NETWORKS stands at 1.4 times.

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DEN NETWORKS 2017-18 Annual Report Analysis (Annual Result Update)

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Here's an analysis of the annual report of DEN NETWORKS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of DEN NETWORKS. Also includes updates on the valuation of DEN NETWORKS.

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

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For the quarter ended September 2018, DEN NETWORKS has posted a net profit of Rs 153 m (up 1280.2% YoY). Sales on the other hand came in at Rs 3 bn (down 5.3% YoY). Read on for a complete analysis of DEN NETWORKS's quarterly results.

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For the quarter ended June 2018, DEN NETWORKS has posted a net profit of Rs 280 m (up 176.8% YoY). Sales on the other hand came in at Rs 3 bn (up 0.0% YoY). Read on for a complete analysis of DEN NETWORKS's quarterly results.

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