FINOLEX CABLES Announces Quarterly Results (4QFY19); Net Profit Up 3.8%

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FINOLEX CABLES Announces Quarterly Results (4QFY19); Net Profit Up 3.8%
Mon, 3 Jun

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

FINOLEX CABLES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m7,9607,4968,2319.8%3.4%
Other incomeRs m23619324023.9%1.5%
TurnoverRs m8,1967,6898,47110.2%3.4%
ExpensesRs m6,8066,4006,9688.9%2.4%
Gross profitRs m1,1541,0961,26315.2%9.5%
DepreciationRs m99971013.3%1.8%
InterestRs m1403800.0%-81.3%
Profit before taxRs m1,2771,1921,39917.4%9.6%
TaxRs m45943255027.3%19.9%
Profit after taxRs m81875984911.8%3.8%
Gross profit margin%14.514.615.3
Effective tax rate%36.036.339.3
Net profit margin%10.09.910.0
* 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 3.4% on a year-on-year (YoY) basis. The expenses were up by 2.4% YoY during the same period.
  • The company's operating profit increased by 9.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.3% in 4QFY19 as against 14.5% in 4QFY18.
  • Depreciation charges increased by 1.8% and finance costs declined by 81.3% YoY, respectively.
  • Other income increased by 1.5% YoY during the quarter.
  • Net profit for the quarter increased by 3.8% YoY. Net profit margins during the quarter increased from 10.0% in 4QFY18 to 10.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.9% QoQ during the same period.
  • The company's operating profit increased by 15.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.3% in 4QFY19 as against 14.6% in 3QFY18.
  • Net profit for the quarter increased by 11.8% QoQ, while net profit margins increased from 9.9% in 3QFY18 to 10.0% in 4QFY19.

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 680.1 to Rs 453.0, registering a Loss of Rs 227.1 or around 33.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 19,941.8 (up 0.0%). Over the last one year it has moved up from 18,694.9 to 19,941.8, a gain of 1,247 points (up 6.7%).

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 453.0, the price to earnings (P/E) ratio of FINOLEX CABLES stands at 20.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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