CRANES SOFTWARE Announces Quarterly Results (3QFY19); Net Profit Down 904.9%

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CRANES SOFTWARE Announces Quarterly Results (3QFY19); Net Profit Down 904.9%
Fri, 22 Feb

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

CRANES SOFTWARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m222624-5.8%8.8%
Other incomeRs m1915115-87.4%10683.2%
TurnoverRs m23941140-85.2%498.8%
ExpensesRs m1251395618.1%-23.7%
Gross profitRs m1712-71-673.5%-527.4%
DepreciationRs m210-86.2%-88.3%
InterestRs m311-5.2%-66.2%
Profit before taxRs m1392643-95.3%222.1%
TaxRs m1263147-44.2%28662.7%
Profit after taxRs m13663-104-115.6%-904.9%
Gross profit margin%74.948.3-294.1
Effective tax rate%3.828.4340.3
Net profit margin%55.270.4-74.2
* 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 8.8% on a year-on-year (YoY) basis. The expenses were down by 23.7% YoY during the same period.
  • The company's operating profit declined by 527.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 294.1% in 3QFY19 as against 74.9% in 3QFY18.
  • Depreciation charges declined by 88.3% and finance costs declined by 66.2% YoY, respectively.
  • Other income increased by 10683.2% YoY during the quarter.
  • Net profit for the quarter declined by 904.9% YoY. Net profit margins during the quarter declined from 55.2% in 3QFY18 to -74.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 618.1% QoQ during the same period.
  • The company's operating profit declined by 673.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 294.1% in 3QFY19 as against 48.3% in 2QFY18.
  • Net profit for the quarter declined by 115.6% QoQ, while net profit margins declined from 70.5% in 2QFY18 to -74.2% in 3QFY19.

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 3.5 to Rs 1.8, registering a Loss of Rs 1.7 or around 49.7%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,093.7 (up 0.3%). Over the last one year it has moved up from 12,411.1 to 15,093.7, a gain of 2,683 points (up 21.6%).

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

Current Valuations

At the current price of Rs 1.8, the price to book value (P/BV) ratio of CRANES SOFTWARE stands at -0.2 times.

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