SMARTLINK NET Announces Quarterly Results (3QFY19); Net Profit Down 175.9%

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SMARTLINK NET Announces Quarterly Results (3QFY19); Net Profit Down 175.9%
Mon, 4 Feb

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

SMARTLINK NET Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m246294249-15.3%1.4%
Other incomeRs m426232.2%43.8%
TurnoverRs m250296255-13.9%2.0%
ExpensesRs m217279258-7.7%18.7%
Gross profitRs m2815-8-155.6%-129.9%
DepreciationRs m5442.2%-12.1%
InterestRs m02243.0%1100.0%
Profit before taxRs m2711-9-180.4%-133.4%
TaxRs m5083120.0%76.5%
Profit after taxRs m2311-17-255.6%-175.9%
Gross profit margin%11.45.1-3.4
Effective tax rate%16.92.2-89.1
Net profit margin%9.03.7-6.7
* 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 1.4% on a year-on-year (YoY) basis. The expenses were up by 18.7% YoY during the same period.
  • The company's operating profit declined by 129.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.4% in 3QFY19 as against 11.4% in 3QFY18.
  • Depreciation charges declined by 12.1% and finance costs increased by 1100.0% YoY, respectively.
  • Other income increased by 43.8% YoY during the quarter.
  • Net profit for the quarter declined by 175.9% YoY. Net profit margins during the quarter declined from 9.0% in 3QFY18 to -6.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.7% QoQ during the same period.
  • The company's operating profit declined by 155.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.4% in 3QFY19 as against 5.1% in 2QFY18.
  • Net profit for the quarter declined by 255.6% QoQ, while net profit margins declined from 3.7% in 2QFY18 to -6.7% in 3QFY19.

To see how SMARTLINK NET has performed over the last eight quarters, please visit here.

SMARTLINK NET Share Price Performance

Over the last one year, SMARTLINK NET share price has moved up from Rs 104.7 to Rs 78.3, registering a Loss of Rs 26.5 or around 25.3%.

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 78.3, the price to book value (P/BV) ratio of SMARTLINK NET stands at 0.6 times.

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