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

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FOSECO INDIA Announces Quarterly Results (3QFY19); Net Profit Down 6.1%
Mon, 28 Jan

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

FOSECO INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m919911892-2.1%-3.0%
Other incomeRs m991229.2%29.5%
TurnoverRs m928920904-1.8%-2.6%
ExpensesRs m7987767790.5%-2.3%
Gross profitRs m121135112-17.0%-7.3%
DepreciationRs m131210-13.1%-22.2%
InterestRs m10014.3%-93.0%
Profit before taxRs m116133114-14.1%-1.8%
TaxRs m414644-5.3%5.9%
Profit after taxRs m758770-18.9%-6.1%
Gross profit margin%13.214.912.6
Effective tax rate%35.634.838.4
Net profit margin%8.19.47.8
* 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 3.0% on a year-on-year (YoY) basis. The expenses were down by 2.3% YoY during the same period.
  • The company's operating profit declined by 7.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 12.6% in 3QFY19.
  • Depreciation charges declined by 22.2% and finance costs declined by 93.0% YoY, respectively.
  • Other income increased by 29.5% YoY during the quarter.
  • Net profit for the quarter declined by 6.1% YoY. Net profit margins during the quarter declined from 8.1% in 3QFY18 to 7.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.5% QoQ during the same period.
  • The company's operating profit declined by 17.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.6% in 3QFY19 as against 14.9% in 2QFY18.
  • Net profit for the quarter declined by 18.9% QoQ, while net profit margins declined from 9.5% in 2QFY18 to 7.8% in 3QFY19.

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 up from Rs 1,818.2 to Rs 1,470.0, registering a Loss of Rs 348.2 or around 19.1%.

Overall, the S&P BSE SENSEX is down 0.6% over the year.

Current Valuations

At the current price of Rs 1,470.0, the price to earnings (P/E) ratio of FOSECO INDIA stands at 29.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.4 times.

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