EDELWEISS FINANCIAL Announces Quarterly Results (2QFY19); Net Profit Up 27.5%

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EDELWEISS FINANCIAL Announces Quarterly Results (2QFY19); Net Profit Up 27.5%
Fri, 9 Nov

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

EDELWEISS FINANCIAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m20,15024,35526,5008.8%31.5%
Other incomeRs m30407226-44.5%644.6%
TurnoverRs m20,18024,76126,7267.9%32.4%
ExpensesRs m7,4939,21810,0439.0%34.0%
Gross profitRs m12,65615,18216,4528.4%30.0%
DepreciationRs m26526931316.5%18.1%
InterestRs m8,84211,09811,7856.2%33.3%
Profit before taxRs m3,5804,2224,5798.5%27.9%
TaxRs m1,4121,5881,81514.3%28.6%
Profit after taxRs m2,1682,6332,7645.0%27.5%
Gross profit margin%62.862.362.1
Effective tax rate%39.437.639.6
Net profit margin%10.710.610.3
* 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 31.5% on a year-on-year (YoY) basis. The expenses were up by 34.0% YoY during the same period.
  • The company's operating profit increased by 30.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 62.1% in 2QFY19 as against 62.8% in 2QFY18.
  • Depreciation charges increased by 18.1% and finance costs increased by 33.3% YoY, respectively.
  • Other income increased by 644.6% YoY during the quarter.
  • Net profit for the quarter increased by 27.5% YoY. Net profit margins during the quarter declined from 10.7% in 2QFY18 to 10.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.0% QoQ during the same period.
  • The company's operating profit declined by 8.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 62.1% in 2QFY19 as against 62.3% in 1QFY18.
  • Net profit for the quarter increased by 5.0% QoQ, while net profit margins declined from 10.6% in 1QFY18 to 10.3% in 2QFY19.

To see how EDELWEISS FINANCIAL has performed over the last eight quarters, please visit here.

EDELWEISS FINANCIAL Share Price Performance

Over the last one year, EDELWEISS FINANCIAL share price has moved up from Rs 277.3 to Rs 171.7, registering a Loss of Rs 105.7 or around 38.1%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 171.7, the price to earnings (P/E) ratio of EDELWEISS FINANCIAL stands at 13.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.

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For the quarter ended March 2019, EDELWEISS FINANCIAL has posted a net profit of Rs 2 bn (down 0.8% YoY). Sales on the other hand came in at Rs 29 bn (up 12.6% YoY). Read on for a complete analysis of EDELWEISS FINANCIAL's quarterly results.

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For the quarter ended December 2018, EDELWEISS FINANCIAL has posted a net profit of Rs 3 bn (up 9.2% YoY). Sales on the other hand came in at Rs 28 bn (up 34.1% YoY). Read on for a complete analysis of EDELWEISS FINANCIAL's quarterly results.

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