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CRANES SOFTWARE Announces Quarterly Results (2QFY19); Net Profit Up 1944.9%

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CRANES SOFTWARE Announces Quarterly Results (2QFY19); Net Profit Up 1944.9%
Fri, 23 Nov

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

CRANES SOFTWARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m23192632.6%12.3%
Other incomeRs m25549151598.5%3578.1%
TurnoverRs m48739411184.5%1870.6%
ExpensesRs m121613-18.3%9.6%
Gross profitRs m11312299.0%15.4%
DepreciationRs m2110.7%-14.8%
InterestRs m3117.8%-66.1%
Profit before taxRs m31559261590.8%2870.3%
TaxRs m-1182631384.7%
Profit after taxRs m32376631689.3%1944.9%
Gross profit margin%47.016.148.3
Effective tax rate%-4.032.328.4
Net profit margin%67.950.670.4
* 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 12.3% on a year-on-year (YoY) basis. The expenses were up by 9.6% YoY during the same period.
  • The company's operating profit increased by 15.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 48.3% in 2QFY19 as against 47.0% in 2QFY18.
  • Depreciation charges declined by 14.8% and finance costs declined by 66.1% YoY, respectively.
  • Other income increased by 3578.1% YoY during the quarter.
  • Net profit for the quarter increased by 1944.9% YoY. Net profit margins during the quarter increased from 67.9% in 2QFY18 to 70.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 32.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.3% QoQ during the same period.
  • The company's operating profit increased by 299.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 48.3% in 2QFY19 as against 16.1% in 1QFY18.
  • Net profit for the quarter increased by 1689.3% QoQ, while net profit margins increased from 50.7% in 1QFY18 to 70.4% in 2QFY19.

To see how CRANES SOFTWARE has performed over the last eight quarters, please visit here.

CRANES SOFTWARE Share Price Performance

Over the last one year, CRANES SOFTWARE share price has moved up from Rs 1.4 to Rs 1.4, registering a Gain of Rs 0.1 or around 4.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 13,443.5 (down 0.1%). Over the last one year it has moved up from 10,844.4 to 13,443.5, a gain of 2,599 points (up 24.0%).

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 1.4, the price to book value (P/BV) ratio of CRANES SOFTWARE stands at -0.2 times.

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