CRANES SOFTWARE Announces Quarterly Results (4QFY19); Net Profit Up 6.6%

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CRANES SOFTWARE Announces Quarterly Results (4QFY19); Net Profit Up 6.6%
Thu, 13 Jun

CRANES SOFTWARE has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

CRANES SOFTWARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m162420-19.3%18.9%
Other incomeRs m2111513-88.6%-36.2%
TurnoverRs m3714033-76.6%-11.7%
ExpensesRs m9069513743.7%-84.9%
Gross profitRs m-889-71-117
DepreciationRs m200-68.4%-96.3%
InterestRs m-1110.0%
Profit before taxRs m-86943-105-344.3%
TaxRs m-67147644338.8%
Profit after taxRs m-802-104-749
Gross profit margin%-5,414.7-294.1-601.4
Effective tax rate%7.7340.3-611.4
Net profit margin%-2,166.1-74.2-2,292.0
* 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 18.9% on a year-on-year (YoY) basis. The expenses were down by 84.9% YoY during the same period.
  • The company's operating profit declined by 86.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 601.4% in 4QFY19 as against 5414.7% in 4QFY18.
  • Depreciation charges declined by 96.3% and finance costs declined by 169.7% YoY, respectively.
  • Other income declined by 36.2% YoY during the quarter.
  • Net profit for the quarter increased by 6.6% YoY. Net profit margins during the quarter declined from -2166.1% in 4QFY18 to -2292.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 19.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 43.7% QoQ during the same period.
  • The company's operating profit declined by 65.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 601.4% in 4QFY19 as against 294.1% in 3QFY18.
  • Net profit for the quarter declined by 623.1% QoQ, while net profit margins declined from -74.3% in 3QFY18 to -2292.0% in 4QFY19.

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 2.0 to Rs 1.3, registering a Loss of Rs 0.7 or around 33.8%.

Meanwhile, the S&P BSE IT Index is trading at Rs 16,010.8 (down 0.4%). Over the last one year it has moved up from 13,839.4 to 16,010.8, a gain of 2,171 points (up 15.7%).

Overall, the S&P BSE SENSEX is up 10.8% over the year.

Current Valuations

At the current price of Rs 1.3, the price to book value (P/BV) ratio of CRANES SOFTWARE stands at 0.0 times.

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

Feb 22, 2019 | Updated on Feb 22, 2019

For the quarter ended December 2018, CRANES SOFTWARE has posted a net profit of Rs 104 m (down 904.9% YoY). Sales on the other hand came in at Rs 24 m (up 8.8% YoY). Read on for a complete analysis of CRANES SOFTWARE's quarterly results.

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

Nov 23, 2018 | Updated on Nov 23, 2018

For the quarter ended September 2018, CRANES SOFTWARE has posted a net profit of Rs 663 m (up 1944.9% YoY). Sales on the other hand came in at Rs 26 m (up 12.3% YoY). Read on for a complete analysis of CRANES SOFTWARE's quarterly results.

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