FINOLEX CABLES Announces Quarterly Results (3QFY19); Net Profit Up 1.4%

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FINOLEX CABLES Announces Quarterly Results (3QFY19); Net Profit Up 1.4%
Mon, 25 Feb

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

FINOLEX CABLES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m6,5687,1407,4965.0%14.1%
Other incomeRs m178584193-66.9%8.7%
TurnoverRs m6,7467,7247,689-0.5%14.0%
ExpensesRs m5,5876,2816,4001.9%14.5%
Gross profitRs m9818581,09627.7%11.7%
DepreciationRs m10711097-11.8%-8.6%
InterestRs m030-90.6%0.0%
Profit before taxRs m1,0521,3291,192-10.3%13.2%
TaxRs m3044004328.1%42.4%
Profit after taxRs m749929759-18.3%1.4%
Gross profit margin%14.912.014.6
Effective tax rate%28.930.136.3
Net profit margin%11.112.09.9
* 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 14.1% on a year-on-year (YoY) basis. The expenses were up by 14.5% YoY during the same period.
  • The company's operating profit increased by 11.7% YoY during the quarter. Consequently, operating profit margins remained same and stood at 14.6% in 3QFY19.
  • Depreciation charges declined by 8.6% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 8.7% YoY during the quarter.
  • Net profit for the quarter increased by 1.4% YoY. Net profit margins during the quarter declined from 11.1% in 3QFY18 to 9.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.9% QoQ during the same period.
  • The company's operating profit increased by 27.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.6% in 3QFY19 as against 12.0% in 2QFY18.
  • Net profit for the quarter declined by 18.3% QoQ, while net profit margins declined from 12.0% in 2QFY18 to 9.9% in 3QFY19.

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 704.2 to Rs 382.0, registering a Loss of Rs 322.2 or around 45.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,778.7 (down 0.2%). Over the last one year it has moved down from 18,891.0 to 16,778.7, a gain of 2,112 points (down 11.2%).

Overall, the S&P BSE SENSEX is up 6.3% over the year.

Current Valuations

At the current price of Rs 382.0, the price to earnings (P/E) ratio of FINOLEX CABLES stands at 17.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.

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