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. 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.

FIRSTSOURCE SOL. Announces Quarterly Results (4QFY18); Net Profit Up 43.1% (Quarterly Result Update)

Jul 20, 2018 | Updated on Jul 20, 2018

For the quarter ended March 2018, FIRSTSOURCE SOL. has posted a net profit of Rs 929 m (up 43.1% YoY). Sales on the other hand came in at Rs 9 bn (up 0.6% 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?

Ankit Shah's First Five Insider Recommendations (The 5 Minute Wrapup)

Aug 5, 2017

How to get exclusive insider recommendations from Ankit Shah.

More Views on News

Most Popular

Our First Bluechip Stock Recommendation in Smart Money Secrets(The 5 Minute Wrapup)

Jan 9, 2019

For the first time, we have recommended a bluechip stock in Smart Money Secrets.

3 Stocks in Super Investor Sumeet Nagar's Portfolio That You Can Buy Right Now(The 5 Minute Wrapup)

Jan 11, 2019

The reasons that make these six stocks in Sumeet Nagar's portfolio so compelling

This Trend Will Produce a Once in a Lifetime Opportunity to Buy Stocks(The 5 Minute Wrapup)

Jan 15, 2019

Unlike his habit of pouring out stock wisdom in his annual letters to shareholders, Buffett spoke of this trend only once every few decades.

My First Stock Trading Recommendation For 2019(Profit Hunter)

Jan 10, 2019

My first trading recommendation for 2019 is a bluechip auto stock. Find out everything about it right away.

My Next Small Cap Recommendation Is Practically a 'No Brainer'(Profit Hunter)

Jan 14, 2019

With a strong debt free balance sheet in its favour, attractive dividends and trading at almost lifetime lows, this investing idea is almost a no brainer.

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


Jan 22, 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. - CHINASOFT COMPARISON

COMPARE FIRSTSOURCE SOL. WITH

MARKET STATS