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GATEWAY DISTRIPARKS Announces Quarterly Results (2QFY19); Net Profit Down 7.8%

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GATEWAY DISTRIPARKS Announces Quarterly Results (2QFY19); Net Profit Down 7.8%
Tue, 6 Nov

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

GATEWAY DISTRIPARKS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m8021,0311,0451.4%30.4%
Other incomeRs m404225-39.6%-36.5%
TurnoverRs m8421,0731,071-0.2%27.2%
ExpensesRs m6468118545.3%32.3%
Gross profitRs m156220191-13.1%22.3%
DepreciationRs m588583-2.4%42.4%
InterestRs m193130-1.9%58.4%
Profit before taxRs m119146103-29.3%-13.1%
TaxRs m423332-3.0%-22.9%
Profit after taxRs m7711371-37.1%-7.8%
Gross profit margin%19.521.318.3
Effective tax rate%35.222.831.3
Net profit margin%9.110.56.6
* 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 30.4% on a year-on-year (YoY) basis. The expenses were up by 32.3% YoY during the same period.
  • The company's operating profit increased by 22.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.3% in 2QFY19 as against 19.5% in 2QFY18.
  • Depreciation charges increased by 42.4% and finance costs increased by 58.4% YoY, respectively.
  • Other income declined by 36.5% YoY during the quarter.
  • Net profit for the quarter declined by 7.8% YoY. Net profit margins during the quarter declined from 9.1% in 2QFY18 to 6.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.3% QoQ during the same period.
  • The company's operating profit declined by 13.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.3% in 2QFY19 as against 21.3% in 1QFY18.
  • Net profit for the quarter declined by 37.1% QoQ, while net profit margins declined from 10.5% in 1QFY18 to 6.6% in 2QFY19.

To see how GATEWAY DISTRIPARKS has performed over the last eight quarters, please visit here.

GATEWAY DISTRIPARKS Share Price Performance

Over the last one year, GATEWAY DISTRIPARKS share price has moved up from Rs 266.6 to Rs 134.0, registering a Loss of Rs 132.6 or around 49.7%.

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 134.0, the price to earnings (P/E) ratio of GATEWAY DISTRIPARKS stands at 42.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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