GEOJIT FINANCIAL SERVICES Announces Quarterly Results (2QFY19); Net Profit Down 69.4%

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GEOJIT FINANCIAL SERVICES Announces Quarterly Results (2QFY19); Net Profit Down 69.4%
Fri, 9 Nov

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

GEOJIT FINANCIAL SERVICES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m7947277553.9%-4.9%
Other incomeRs m808572-15.1%-10.1%
TurnoverRs m8748128271.9%-5.4%
ExpensesRs m5665755963.8%5.4%
Gross profitRs m2181421494.8%-31.9%
DepreciationRs m37343814.6%3.2%
InterestRs m22237.5%15.8%
Profit before taxRs m259192180-6.0%-30.5%
TaxRs m916512997.4%41.8%
Profit after taxRs m16912752-59.2%-69.4%
Gross profit margin%27.519.519.7
Effective tax rate%34.934.071.3
Net profit margin%19.315.66.2
* 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 4.9% on a year-on-year (YoY) basis. The expenses were up by 5.4% YoY during the same period.
  • The company's operating profit declined by 31.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.7% in 2QFY19 as against 27.5% in 2QFY18.
  • Depreciation charges increased by 3.2% and finance costs increased by 15.8% YoY, respectively.
  • Other income declined by 10.1% YoY during the quarter.
  • Net profit for the quarter declined by 69.4% YoY. Net profit margins during the quarter declined from 19.3% in 2QFY18 to 6.2% 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 3.8% QoQ during the same period.
  • The company's operating profit increased by 4.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.7% in 2QFY19 as against 19.5% in 1QFY18.
  • Net profit for the quarter declined by 59.2% QoQ, while net profit margins declined from 15.5% in 1QFY18 to 6.2% in 2QFY19.

To see how GEOJIT FINANCIAL SERVICES has performed over the last eight quarters, please visit here.

GEOJIT FINANCIAL SERVICES Share Price Performance

Over the last one year, GEOJIT FINANCIAL SERVICES share price has moved up from Rs 115.0 to Rs 47.3, registering a Loss of Rs 67.7 or around 58.9%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 47.3, the price to earnings (P/E) ratio of GEOJIT FINANCIAL SERVICES stands at 18.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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