FINOLEX CABLES Announces Quarterly Results (3QFY20); Net Profit Up 6.2%

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FINOLEX CABLES Announces Quarterly Results (3QFY20); Net Profit Up 6.2%
Wed, 19 Feb

FINOLEX CABLES has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

FINOLEX CABLES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m7,4967,1587,024-1.9%-6.3%
Other incomeRs m193647265-59.0%37.1%
TurnoverRs m7,6897,8057,289-6.6%-5.2%
ExpensesRs m6,4006,3146,100-3.4%-4.7%
Gross profitRs m1,0968449249.5%-15.7%
DepreciationRs m979896-1.6%-0.9%
InterestRs m02460.9%1133.3%
Profit before taxRs m1,1921,3911,089-21.7%-8.6%
TaxRs m43216028377.1%-34.6%
Profit after taxRs m7591,231806-34.5%6.2%
Gross profit margin%14.611.813.2
Effective tax rate%36.311.526.0
Net profit margin%9.915.811.1
* 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 fell 6.3% on a year-on-year (YoY) basis. The expenses were down by 4.7% YoY during the same period.
  • The company's operating profit declined by 15.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.2% in 3QFY20 as against 14.6% in 3QFY19.
  • Depreciation charges declined by 0.9% and finance costs increased by 1133.3% YoY, respectively.
  • Other income increased by 37.1% YoY during the quarter.
  • Net profit for the quarter increased by 6.2% YoY. Net profit margins during the quarter increased from 9.9% in 3QFY19 to 11.1% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.4% 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 13.2% in 3QFY20 as against 11.8% in 2QFY19.
  • Net profit for the quarter declined by 34.5% QoQ, while net profit margins declined from 15.8% in 2QFY19 to 11.1% in 3QFY20.

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

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FINOLEX CABLES Share Price Performance

Over the last one year,FINOLEX CABLES share price has moved up from Rs 362.4 to Rs 365.4, registering a Gain of Rs 3.0 or around 0.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,601.1 (up 0.1%). Over the last one year it has moved up from 16,439.0 to 16,601.1, a gain of 162 points (up 1.0%).

Overall, the S&P BSE SENSEX is up 16.1% over the year.

Current Valuations

At the current price of Rs 365.4, the price to earnings (P/E) ratio of FINOLEX CABLES stands at 15.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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