FINOLEX IND. Announces Quarterly Results (3QFY19); Net Profit Up 13.1%

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FINOLEX IND. Announces Quarterly Results (3QFY19); Net Profit Up 13.1%
Mon, 11 Feb

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

FINOLEX IND. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m7,2275,4267,56639.4%4.7%
Other incomeRs m10312317340.8%68.4%
TurnoverRs m7,3305,5497,73939.5%5.6%
ExpensesRs m6,0874,1776,31651.2%3.8%
Gross profitRs m1,1331,2491,2500.0%10.3%
DepreciationRs m15416619618.4%27.7%
InterestRs m-42917-40.6%
Profit before taxRs m1,0861,1771,2092.7%11.3%
TaxRs m3904134222.2%8.1%
Profit after taxRs m6957647873.0%13.1%
Gross profit margin%15.723.016.5
Effective tax rate%35.935.134.9
Net profit margin%9.513.810.2
* 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 4.7% on a year-on-year (YoY) basis. The expenses were up by 3.8% YoY during the same period.
  • The company's operating profit increased by 10.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.5% in 3QFY19 as against 15.7% in 3QFY18.
  • Depreciation charges increased by 27.7% and finance costs declined by 576.0% YoY, respectively.
  • Other income increased by 68.4% YoY during the quarter.
  • Net profit for the quarter increased by 13.1% YoY. Net profit margins during the quarter increased from 9.5% in 3QFY18 to 10.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 39.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 51.2% QoQ during the same period.
  • The company's operating profit declined by 0.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.5% in 3QFY19 as against 23.0% in 2QFY18.
  • Net profit for the quarter increased by 3.0% QoQ, while net profit margins declined from 13.8% in 2QFY18 to 10.2% in 3QFY19.

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 693.2 to Rs 503.0, registering a Loss of Rs 190.3 or around 27.4%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,421.7 (down 1.7%). Over the last one year it has moved down from 15,541.9 to 13,421.7, a gain of 2,120 points (down 13.6%).

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 503.0, the price to earnings (P/E) ratio of FINOLEX IND. stands at 16.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.9 times.

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