FOSECO INDIA Announces Quarterly Results (1QFY20); Net Profit Up 9.8%

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FOSECO INDIA Announces Quarterly Results (1QFY20); Net Profit Up 9.8%
Mon, 29 Jul

FOSECO INDIA has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

FOSECO INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m8838428632.6%-2.2%
Other incomeRs m11141940.7%74.2%
TurnoverRs m8948558823.2%-1.3%
ExpensesRs m7507127292.3%-2.9%
Gross profitRs m1331301353.9%1.5%
DepreciationRs m1210103.9%-14.3%
InterestRs m1000.0%-99.1%
Profit before taxRs m1311331447.6%9.8%
TaxRs m4647518.2%9.8%
Profit after taxRs m8486937.3%9.8%
Gross profit margin%15.015.415.6
Effective tax rate%35.535.335.5
Net profit margin%9.410.110.5
* 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 fell 2.2% on a year-on-year (YoY) basis. The expenses were down by 2.9% YoY during the same period.
  • The company's operating profit increased by 1.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.6% in 1QFY20 as against 15.0% in 1QFY19.
  • Depreciation charges declined by 14.3% and finance costs declined by 99.1% YoY, respectively.
  • Other income increased by 74.2% YoY during the quarter.
  • Net profit for the quarter increased by 9.8% YoY. Net profit margins during the quarter increased from 9.4% in 1QFY19 to 10.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.3% QoQ during the same period.
  • The company's operating profit increased by 3.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.6% in 1QFY20 as against 15.4% in 4QFY19.
  • Net profit for the quarter increased by 7.3% QoQ, while net profit margins increased from 10.1% in 4QFY19 to 10.5% in 1QFY20.

To see how FOSECO INDIA has performed over the last eight quarters,please visit here.

FOSECO INDIA Share Price Performance

Over the last one year,FOSECO INDIA share price has moved down from Rs 1,323.4 to Rs 1,210.0, registering a Loss of Rs 113.4 or around 8.6%.

Overall, the S&P BSE SENSEX is up 1.7% over the year.

Current Valuations

At the current price of Rs 1,210.0, the price to earnings (P/E) ratio of FOSECO INDIA stands at 23.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.3 times.

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FOSECO INDIA Announces Quarterly Results (2QFY20); Net Profit Up 18.0% (Quarterly Result Update)

Nov 4, 2019 | Updated on Nov 4, 2019

For the quarter ended September 2019, FOSECO INDIA has posted a net profit of Rs 102 m (up 18.0% YoY). Sales on the other hand came in at Rs 787 m (down 13.6% YoY). Read on for a complete analysis of FOSECO INDIA's quarterly results.

FOSECO INDIA Announces Quarterly Results (3QFY19); Net Profit Down 6.1% (Quarterly Result Update)

Jan 28, 2019 | Updated on Jan 28, 2019

For the quarter ended December 2018, FOSECO INDIA has posted a net profit of Rs 70 m (down 6.1% YoY). Sales on the other hand came in at Rs 892 m (down 3.0% YoY). Read on for a complete analysis of FOSECO INDIA's quarterly results.

FOSECO INDIA 2016-17 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of FOSECO INDIA for 2016-17. It includes a full income statement, balance sheet and cash flow analysis of FOSECO INDIA. Also includes updates on the valuation of FOSECO INDIA.

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