CRANES SOFTWARE Announces Quarterly Results (4QFY18); Net Profit Up 218.4%

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CRANES SOFTWARE Announces Quarterly Results (4QFY18); Net Profit Up 218.4%
Wed, 13 Jun

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

CRANES SOFTWARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m8242216-26.2%-98.0%
Other incomeRs m171211826.2%19.9%
TurnoverRs m841233758.9%-95.6%
ExpensesRs m811125906624.6%11.6%
Gross profitRs m1317-889-5439.9%-6754.9%
DepreciationRs m7222-0.6%-97.8%
InterestRs m3153-1-148.5%-100.4%
Profit before taxRs m-35613-869-6593.1%
TaxRs m-1041-67-13170.6%
Profit after taxRs m-25213-802-6332.5%
Gross profit margin%1.674.9-5,414.7
Effective tax rate%29.33.87.7
Net profit margin%-29.955.2-2,166.1
* 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 98.0% on a year-on-year (YoY) basis. The expenses were up by 11.6% YoY during the same period.
  • The company's operating profit declined by 6754.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5414.7% in 4QFY18 as against 1.6% in 4QFY17.
  • Depreciation charges and finance costs declined by 97.8% YoY and 100.4% YoY, respectively.
  • Other income increased by 19.9% YoY during the quarter.
  • Net profit for the quarter increased by 218.4% YoY. Net profit margins during the quarter declined from -29.9% in 4QFY17 to 2166.1% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 26.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 624.6% QoQ during the same period.
  • The company's operating profit increased by 5439.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5414.7% in 4QFY18 as against 74.9% in 3QFY17.
  • Net profit for the quarter declined by 6332.5% QoQ, while net profit margins declined from 56.5% in 3QFY17 to 2166.1% in 4QFY18.

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 1.0 to Rs 2.0, registering a Gain of Rs 1.0 or around 96.0%.

Meanwhile, the S&P BSE IT Index is trading at Rs 13,815.0 (up 1.1%). Over the last one year it has moved up from 10,040.7 to 13,815.0, a gain of 3,774.3 points (up 37.6%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 2.0, the price to earnings (P/E) ratio of CRANES SOFTWARE stands at NM times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -0.2 times.

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For the quarter ended March 2019, CRANES SOFTWARE has posted a net profit of Rs 749 m (up 6.6% YoY). Sales on the other hand came in at Rs 20 m (up 18.9% YoY). Read on for a complete analysis of CRANES SOFTWARE's quarterly results.

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