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FINOLEX INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 24.4%

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FINOLEX INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 24.4%
Mon, 27 May

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

FINOLEX INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m8,0917,5669,64227.4%19.2%
Other incomeRs m28173122-29.1%344.3%
TurnoverRs m8,1197,7399,76526.2%20.3%
ExpensesRs m6,2126,3168,17829.5%31.6%
Gross profitRs m1,8791,2501,46517.2%-22.0%
DepreciationRs m156196177-10.0%13.3%
InterestRs m34172437.9%-29.8%
Profit before taxRs m1,7171,2091,38714.7%-19.2%
TaxRs m50842247312.1%-6.8%
Profit after taxRs m1,20978791416.1%-24.4%
Gross profit margin%23.216.515.2
Effective tax rate%29.634.934.1
Net profit margin%14.910.29.4
* 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 19.2% on a year-on-year (YoY) basis. The expenses were up by 31.6% YoY during the same period.
  • The company's operating profit declined by 22.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.2% in 4QFY19 as against 23.2% in 4QFY18.
  • Depreciation charges increased by 13.3% and finance costs declined by 29.8% YoY, respectively.
  • Other income increased by 344.3% YoY during the quarter.
  • Net profit for the quarter declined by 24.4% YoY. Net profit margins during the quarter declined from 14.9% in 4QFY18 to 9.4% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 27.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 29.5% QoQ during the same period.
  • The company's operating profit declined by 17.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.2% in 4QFY19 as against 16.5% in 3QFY18.
  • Net profit for the quarter increased by 16.1% QoQ, while net profit margins declined from 10.2% in 3QFY18 to 9.4% in 4QFY19.

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

FINOLEX INDUSTRIES Share Price Performance

Over the last one year, FINOLEX INDUSTRIES share price has moved up from Rs 625.6 to Rs 471.0, registering a Loss of Rs 154.6 or around 24.7%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 15,445.1 (up 0.6%). Over the last one year it has moved up from 13,937.9 to 15,445.1, a gain of 1,507 points (up 10.8%).

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 471.0, the price to earnings (P/E) ratio of FINOLEX INDUSTRIES stands at 16.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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