EXCEL CROP CARE Announces Quarterly Results (2QFY19); Net Profit Down 7.5%

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EXCEL CROP CARE Announces Quarterly Results (2QFY19); Net Profit Down 7.5%
Mon, 12 Nov

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

EXCEL CROP CARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,8483,9974,0872.3%6.2%
Other incomeRs m885-35.6%-35.4%
TurnoverRs m3,8564,0054,0932.2%6.1%
ExpensesRs m3,1253,3733,4040.9%8.9%
Gross profitRs m7236246839.5%-5.5%
DepreciationRs m40414817.2%17.9%
InterestRs m262-62.8%-14.5%
Profit before taxRs m6885866399.0%-7.2%
TaxRs m23720122110.1%-6.6%
Profit after taxRs m4523854188.5%-7.5%
Gross profit margin%18.815.616.7
Effective tax rate%34.434.334.6
Net profit margin%11.79.610.2
* 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 6.2% on a year-on-year (YoY) basis. The expenses were up by 8.9% YoY during the same period.
  • The company's operating profit declined by 5.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.7% in 2QFY19 as against 18.8% in 2QFY18.
  • Depreciation charges increased by 17.9% and finance costs declined by 14.5% YoY, respectively.
  • Other income declined by 35.4% YoY during the quarter.
  • Net profit for the quarter declined by 7.5% YoY. Net profit margins during the quarter declined from 11.7% in 2QFY18 to 10.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.9% QoQ during the same period.
  • The company's operating profit increased by 9.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.7% in 2QFY19 as against 15.6% in 1QFY18.
  • Net profit for the quarter increased by 8.5% QoQ, while net profit margins increased from 9.6% in 1QFY18 to 10.2% in 2QFY19.

To see how EXCEL CROP CARE has performed over the last eight quarters, please visit here.

EXCEL CROP CARE Share Price Performance

Over the last one year, EXCEL CROP CARE share price has moved up from Rs 2,035.6 to Rs 3,691.0, registering a Gain of Rs 1,655.4 or around 81.3%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 3,691.0, the price to earnings (P/E) ratio of EXCEL CROP CARE stands at 43.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.6 times.

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EXCEL CROP CARE Announces Quarterly Results (1QFY20); Net Profit Down 38.7% (Quarterly Result Update)

Aug 8, 2019 | Updated on Aug 8, 2019

For the quarter ended June 2019, EXCEL CROP CARE has posted a net profit of Rs 236 m (down 38.7% YoY). Sales on the other hand came in at Rs 4 bn (down 5.2% YoY). Read on for a complete analysis of EXCEL CROP CARE's quarterly results.

EXCEL CROP CARE Announces Quarterly Results (4QFY19); Net Profit Up 1003.1% (Quarterly Result Update)

Jun 7, 2019 | Updated on Jun 7, 2019

For the quarter ended March 2019, EXCEL CROP CARE has posted a net profit of Rs 47 m (up 1003.1% YoY). Sales on the other hand came in at Rs 3 bn (up 31.8% YoY). Read on for a complete analysis of EXCEL CROP CARE's quarterly results.

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