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FINOLEX IND. Announces Quarterly Results (1QFY19); Net Profit Up 29.5%

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FINOLEX IND. Announces Quarterly Results (1QFY19); Net Profit Up 29.5%
Tue, 14 Aug

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

FINOLEX IND. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m8,2438,0918,2782.3%0.4%
Other incomeRs m3828137398.0%257.2%
TurnoverRs m8,2818,1198,4163.7%1.6%
ExpensesRs m6,9366,2126,3402.1%-8.6%
Gross profitRs m1,3061,8791,660-11.7%27.1%
DepreciationRs m1451561623.8%11.6%
InterestRs m30345256.3%75.6%
Profit before taxRs m1,1701,7171,583-7.8%35.3%
TaxRs m3725085508.3%47.7%
Profit after taxRs m7981,2091,033-14.6%29.5%
Gross profit margin%15.823.220.1
Effective tax rate%31.829.634.7
Net profit margin%9.614.912.3
* 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 0.4% on a year-on-year (YoY) basis. The expenses were down by 8.6% YoY during the same period.
  • The company's operating profit increased by 27.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.1% in 1QFY19 as against 15.8% in 1QFY18.
  • Depreciation charges and finance costs increased by 11.6% YoY and 75.6% YoY, respectively.
  • Other income increased by 257.2% YoY during the quarter.
  • Net profit for the quarter increased by 29.5% YoY. Net profit margins during the quarter increased from 9.6% in 1QFY18 to 12.3% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.1% QoQ during the same period.
  • The company's operating profit declined by 11.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.1% in 1QFY19 as against 23.2% in 4QFY18.
  • Net profit for the quarter declined by 14.6% QoQ, while net profit margins declined from 14.9% in 4QFY18 to 12.3% in 1QFY19.

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

FINOLEX IND. Share Price Performance

Over the last one year, FINOLEX IND. share price has moved up from Rs 583.8 to Rs 608.5, registering a Gain of Rs 24.8 or around 4.2%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 14,848.0 (up 0.3%). Over the last one year it has moved up from 14,564.2 to 14,848.0, a gain of 284 points (up 1.9%).

Overall, the S&P BSE SENSEX is up 20.4% over the year.

Current Valuations

At the current price of Rs 608.5, the price to earnings (P/E) ratio of FINOLEX IND. stands at 23.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.6 times.

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Related Views on News

FINOLEX IND. Announces Quarterly Results (2QFY19); Net Profit Up 170.2% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, FINOLEX IND. has posted a net profit of Rs 764 m (up 170.2% YoY). Sales on the other hand came in at Rs 5 bn (up 14.2% YoY). Read on for a complete analysis of FINOLEX IND.'s quarterly results.

FINOLEX IND. Announces Quarterly Results (4QFY18); Net Profit Down 1.9% (Quarterly Result Update)

May 25, 2018 | Updated on May 25, 2018

For the quarter ended March 2018, FINOLEX IND. has posted a net profit of Rs 1 bn (down 1.9% YoY). Sales on the other hand came in at Rs 8 bn (down 20.4% YoY). Read on for a complete analysis of FINOLEX IND.'s quarterly results.

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