FINOLEX CABLES Announces Quarterly Results (1QFY19); Net Profit Down 11.3%

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FINOLEX CABLES Announces Quarterly Results (1QFY19); Net Profit Down 11.3%
Fri, 17 Aug

FINOLEX CABLES has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

FINOLEX CABLES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m7,4357,9607,912-0.6%6.4%
Other incomeRs m313236201-14.9%-35.8%
TurnoverRs m7,7488,1968,113-1.0%4.7%
ExpensesRs m6,3356,8066,614-2.8%4.4%
Gross profitRs m1,1001,1541,29812.5%18.0%
DepreciationRs m1189997-1.3%-17.6%
InterestRs m0143-79.2%0.0%
Profit before taxRs m1,2951,2771,3989.5%8.0%
TaxRs m2764594957.8%79.3%
Profit after taxRs m1,01981890310.5%-11.3%
Gross profit margin%14.814.516.4
Effective tax rate%21.336.035.4
Net profit margin%13.210.011.1
* 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 grew 6.4% on a year-on-year (YoY) basis. The expenses were up by 4.4% YoY during the same period.
  • The company's operating profit increased by 18.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.4% in 1QFY19 as against 14.8% in 1QFY18.
  • Depreciation charges and finance costs declined by 17.6% YoY and 0.0% YoY, respectively.
  • Other income declined by 35.8% YoY during the quarter.
  • Net profit for the quarter declined by 11.3% YoY. Net profit margins during the quarter declined from 13.2% in 1QFY18 to 11.1% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.8% QoQ during the same period.
  • The company's operating profit increased by 12.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.4% in 1QFY19 as against 14.5% in 4QFY18.
  • Net profit for the quarter increased by 10.5% QoQ, while net profit margins increased from 10.0% in 4QFY18 to 11.1% in 1QFY19.

To see how FINOLEX CABLES has performed over the last eight quarters, please visit here.

FINOLEX CABLES Share Price Performance

Over the last one year, FINOLEX CABLES share price has moved up from Rs 529.5 to Rs 601.4, registering a Gain of Rs 72.0 or around 13.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,884.7 (up 0.8%). Over the last one year it has moved up from 17,247.3 to 17,884.7, a gain of 637 points (up 3.7%).

Overall, the S&P BSE SENSEX is up 19.4% over the year.

Current Valuations

At the current price of Rs 601.4, the price to earnings (P/E) ratio of FINOLEX CABLES stands at 26.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.3 times.

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