X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
FIRSTSOURCE SOL. Announces Quarterly Results (2QFY19); Net Profit Up 35.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

FIRSTSOURCE SOL. Announces Quarterly Results (2QFY19); Net Profit Up 35.0%
Mon, 5 Nov

FIRSTSOURCE SOL. has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

FIRSTSOURCE SOL. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m8,7309,1919,5473.9%9.4%
Other incomeRs m4175-69.6%19.9%
TurnoverRs m8,7349,2089,5523.7%9.4%
ExpensesRs m7,6337,9108,2193.9%7.7%
Gross profitRs m1,0971,2811,3283.7%21.1%
DepreciationRs m1621801842.3%13.4%
InterestRs m10262654.0%-36.3%
Profit before taxRs m8371,0551,0842.7%29.6%
TaxRs m149169156-7.6%4.9%
Profit after taxRs m6888869284.7%35.0%
Gross profit margin%12.613.913.9
Effective tax rate%17.816.014.4
Net profit margin%7.99.69.7
* 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 9.4% on a year-on-year (YoY) basis. The expenses were up by 7.7% YoY during the same period.
  • The company's operating profit increased by 21.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.9% in 2QFY19 as against 12.6% in 2QFY18.
  • Depreciation charges increased by 13.4% and finance costs declined by 36.3% YoY, respectively.
  • Other income increased by 19.9% YoY during the quarter.
  • Net profit for the quarter increased by 35.0% YoY. Net profit margins during the quarter increased from 7.9% in 2QFY18 to 9.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.9% QoQ during the same period.
  • The company's operating profit declined by 3.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.9% in 2QFY19 as against 13.9% in 1QFY18.
  • Net profit for the quarter increased by 4.7% QoQ, while net profit margins increased from 9.6% in 1QFY18 to 9.7% in 2QFY19.

To see how FIRSTSOURCE SOL. has performed over the last eight quarters, please visit here.

FIRSTSOURCE SOL. Share Price Performance

Over the last one year, FIRSTSOURCE SOL. share price has moved up from Rs 41.1 to Rs 58.4, registering a Gain of Rs 17.3 or around 42.1%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,117.4 (up 0.2%). Over the last one year it has moved up from 10,383.0 to 14,117.4, a gain of 3,734 points (up 36.0%).

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 58.4, the price to earnings (P/E) ratio of FIRSTSOURCE SOL. stands at 10.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

Equitymaster requests your view! Post a comment on "FIRSTSOURCE SOL. Announces Quarterly Results (2QFY19); Net Profit Up 35.0%". Click here!

  

Related Views on News

FIRSTSOURCE SOL. Surges by 5%; BSE IT Index Up 1.1% (Market Updates)

Mar 19, 2019 | Updated on Mar 19, 2019

FIRSTSOURCE SOL. share price has surged by 5% and its current market price is Rs 47. The BSE IT is up by 1.1%. The top gainers in the BSE IT Index is FIRSTSOURCE SOL. (up 5.0%). The top losers are MPHASIS (down 0.3%) and CYIENT (down 0.6%).

FIRSTSOURCE SOL. 2017-18 Annual Report Analysis (Annual Result Update)

Mar 18, 2019 | Updated on Mar 18, 2019

Here's an analysis of the annual report of FIRSTSOURCE SOL. for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of FIRSTSOURCE SOL.. Also includes updates on the valuation of FIRSTSOURCE SOL..

FIRSTSOURCE SOL. Announces Quarterly Results (3QFY19); Net Profit Down 1.4% (Quarterly Result Update)

Feb 5, 2019 | Updated on Feb 5, 2019

For the quarter ended December 2018, FIRSTSOURCE SOL. has posted a net profit of Rs 981 m (down 1.4% YoY). Sales on the other hand came in at Rs 10 bn (up 11.0% YoY). Read on for a complete analysis of FIRSTSOURCE SOL.'s quarterly results.

FIRSTSOURCE SOL. Announces Quarterly Results (1QFY19); Net Profit Up 35.5% (Quarterly Result Update)

Aug 8, 2018 | Updated on Aug 8, 2018

For the quarter ended June 2018, FIRSTSOURCE SOL. has posted a net profit of Rs 886 m (up 35.5% YoY). Sales on the other hand came in at Rs 9 bn (up 4.7% YoY). Read on for a complete analysis of FIRSTSOURCE SOL.'s quarterly results.

Newgen Software Technologies Ltd. (IPO)

Jan 15, 2018

Should you subscribe to the IPO of Newgen Software Ltd?

More Views on News

Most Popular

Are You Ready for the Big Nifty Move in the March Expiry?(Profit Hunter)

Mar 8, 2019

History suggests the Nifty could make a big move in March. Are you prepared to benefit from this opportunity?

Smallcaps Are Rallying and You Need to Make the Most of It Now(Profit Hunter)

Mar 7, 2019

Did you just miss the smallcap rally? Or is there still time to catch up? Read on for answers and more...

The One Sector to Bet on Today as India Grows into a 10 Trillion Dollar Economy(The 5 Minute Wrapup)

Mar 7, 2019

India's defence sector is suddenly under the spotlight. Can this sector ride along India's long-term growth story?

Is it the Right Time to Buy Mid and Small Caps Now?(The 5 Minute Wrapup)

Mar 6, 2019

Mid and Small Caps have underperformed large caps in the past year. Is the tide about to turn?

Elections Don't Matter!(The Honest Truth)

Mar 13, 2019

Ajit Dayal shows us why from the point of view of the Indian economy, elections don't matter.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

FIRSTSOURCE SOL. SHARE PRICE


Mar 19, 2019 (Close)

TRACK FIRSTSOURCE SOL.

  • Track your investment in FIRSTSOURCE SOL. with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON FIRSTSOURCE SOL.

FIRSTSOURCE SOL. - APTECH LTD COMPARISON

COMPARE FIRSTSOURCE SOL. WITH

MARKET STATS