FIRSTSOURCE SOL. Announces Quarterly Results (4QFY19); Net Profit Up 5.8%

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FIRSTSOURCE SOL. Announces Quarterly Results (4QFY19); Net Profit Up 5.8%
Tue, 7 May

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

FIRSTSOURCE SOL. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m8,9739,8529,672-1.8%7.8%
Other incomeRs m-2671042.9%
TurnoverRs m8,9479,8599,682-1.8%8.2%
ExpensesRs m7,6488,4918,288-2.4%8.4%
Gross profitRs m1,3251,3611,3841.7%4.5%
DepreciationRs m172191190-0.6%10.0%
InterestRs m89709231.0%3.6%
Profit before taxRs m1,0381,1071,1120.5%7.2%
TaxRs m1091261303.4%18.8%
Profit after taxRs m9299819820.1%5.8%
Gross profit margin%14.813.814.3
Effective tax rate%10.511.411.7
Net profit margin%10.410.010.1
* 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 7.8% on a year-on-year (YoY) basis. The expenses were up by 8.4% YoY during the same period.
  • The company's operating profit increased by 4.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.3% in 4QFY19 as against 14.8% in 4QFY18.
  • Depreciation charges increased by 10.0% and finance costs increased by 3.6% YoY, respectively.
  • Other income declined by 139.6% YoY during the quarter.
  • Net profit for the quarter increased by 5.8% YoY. Net profit margins during the quarter declined from 10.4% in 4QFY18 to 10.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.4% QoQ during the same period.
  • The company's operating profit increased by 1.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.3% in 4QFY19 as against 13.8% in 3QFY18.
  • Net profit for the quarter increased by 0.1% QoQ, while net profit margins increased from 10.0% in 3QFY18 to 10.1% in 4QFY19.

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 62.8 to Rs 51.0, registering a Loss of Rs 11.8 or around 18.7%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,716.1 (up 0.4%). Over the last one year it has moved up from 13,138.4 to 15,716.1, a gain of 2,578 points (up 19.6%).

Overall, the S&P BSE SENSEX is up 9.8% over the year.

Current Valuations

At the current price of Rs 51.0, the price to earnings (P/E) ratio of FIRSTSOURCE SOL. stands at 9.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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FIRSTSOURCE SOL. Announces Quarterly Results (2QFY20); Net Profit Down 27.4% (Quarterly Result Update)

Nov 8, 2019 | Updated on Nov 8, 2019

For the quarter ended September 2019, FIRSTSOURCE SOL. has posted a net profit of Rs 674 m (down 27.4% YoY). Sales on the other hand came in at Rs 10 bn (up 3.2% YoY). Read on for a complete analysis of FIRSTSOURCE SOL.'s quarterly results.

FIRSTSOURCE SOL. Announces Quarterly Results (1QFY20); Net Profit Up 2.9% (Quarterly Result Update)

Aug 5, 2019 | Updated on Aug 5, 2019

For the quarter ended June 2019, FIRSTSOURCE SOL. has posted a net profit of Rs 912 m (up 2.9% YoY). Sales on the other hand came in at Rs 10 bn (up 6.6% YoY). Read on for a complete analysis of FIRSTSOURCE SOL.'s quarterly results.

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