FINOLEX CABLES Announces Quarterly Results (4QFY18); Net Profit Up 8.3%

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FINOLEX CABLES Announces Quarterly Results (4QFY18); Net Profit Up 8.3%
Thu, 31 May

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

FINOLEX CABLES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m7,8466,5687,96021.2%1.4%
Other incomeRs m14217823632.6%66.3%
TurnoverRs m7,9886,7468,19621.5%2.6%
ExpensesRs m6,8355,5876,80621.8%-0.4%
Gross profitRs m1,0119811,15417.6%14.1%
DepreciationRs m12510799-7.3%-21.1%
InterestRs m60140.0%161.8%
Profit before taxRs m1,0231,0521,27721.3%24.9%
TaxRs m26830445951.3%71.5%
Profit after taxRs m7557498189.2%8.3%
Gross profit margin%12.914.914.5
Effective tax rate%26.228.936.0
Net profit margin%9.411.110.0
* 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 1.4% on a year-on-year (YoY) basis. The expenses were down by 0.4% YoY during the same period.
  • The company's operating profit increased by 14.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.5% in 4QFY18 as against 12.9% in 4QFY17.
  • Depreciation charges and finance costs declined by 21.1% YoY and 161.8% YoY, respectively.
  • Other income increased by 66.3% YoY during the quarter.
  • Net profit for the quarter increased by 8.3% YoY. Net profit margins during the quarter increased from 9.4% in 4QFY17 to 10.0% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 21.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.8% QoQ during the same period.
  • The company's operating profit declined by 17.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.5% in 4QFY18 as against 14.9% in 3QFY17.
  • Net profit for the quarter increased by 9.2% QoQ, while net profit margins declined from 11.1% in 3QFY17 to 10.0% in 4QFY18.

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 504.4 to Rs 676.8, registering a Gain of Rs 172.4 or around 34.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,870.1 (down 0.4%). Over the last one year it has moved up from 17,596.1 to 18,870.1, a gain of 1,274.1 points (up 7.2%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 676.8, the price to earnings (P/E) ratio of FINOLEX CABLES stands at 28.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.8 times.

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