GUJARAT FOILS Announces Quarterly Results (1QFY19); Net Profit Down 91.5%

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GUJARAT FOILS Announces Quarterly Results (1QFY19); Net Profit Down 91.5%
Mon, 6 Aug

GUJARAT FOILS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

GUJARAT FOILS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m1,74815418721.5%-89.3%
Other incomeRs m110-84.4%-67.7%
TurnoverRs m1,74915618820.6%-89.3%
ExpensesRs m2,2393,354215-93.6%-90.4%
Gross profitRs m-491-3,200-28
DepreciationRs m202017-16.7%-18.7%
InterestRs m31-60-100.0%
Profit before taxRs m-542-3,212-44
TaxRs m332-12.2%-15.2%
Profit after taxRs m-545-3,215-47
Gross profit margin%-28.1-2,074.5-14.8
Effective tax rate%-0.5-0.1-5.6
Net profit margin%-31.1-2,066.1-24.8
* 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 89.3% on a year-on-year (YoY) basis. The expenses were down by 90.4% YoY during the same period.
  • The company's operating profit declined by 94.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.8% in 1QFY19 as against 28.1% in 1QFY18.
  • Depreciation charges and finance costs declined by 18.7% YoY and 100.0% YoY, respectively.
  • Other income declined by 67.7% YoY during the quarter.
  • Net profit for the quarter declined by 91.5% YoY. Net profit margins during the quarter increased from -31.1% in 1QFY18 to -24.8% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 21.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 93.6% QoQ during the same period.
  • The company's operating profit increased by 99.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.8% in 1QFY19 as against 2074.5% in 4QFY18.
  • Net profit for the quarter declined by 98.6% QoQ, while net profit margins increased from -2060.9% in 4QFY18 to -24.8% in 1QFY19.

To see how GUJARAT FOILS has performed over the last eight quarters, please visit here.

GUJARAT FOILS Share Price Performance

Over the last one year, GUJARAT FOILS share price has moved up from Rs 14.8 to Rs 3.7, registering a Loss of Rs 11.1 or around 74.9%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,894.4 (up 0.7%). Over the last one year it has moved up from 12,603.4 to 12,894.4, a gain of 291 points (up 2.3%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 3.7, the price to book value (P/BV) ratio of GUJARAT FOILS stands at 0.1 times.

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Related Views on News

GUJARAT FOILS Announces Quarterly Results (2QFY19); Net Profit Up 34.4% (Quarterly Result Update)

Nov 27, 2018 | Updated on Nov 27, 2018

For the quarter ended September 2018, GUJARAT FOILS has posted a net profit of Rs 24 m (up 34.4% YoY). Sales on the other hand came in at Rs 168 m (up 11.3% YoY). Read on for a complete analysis of GUJARAT FOILS's quarterly results.

GUJARAT FOILS Announces Quarterly Results (4QFY18); Net Profit Up 1128.7% (Quarterly Result Update)

Jun 12, 2018 | Updated on Jun 12, 2018

For the quarter ended March 2018, GUJARAT FOILS has posted a net profit of Rs 3 bn (up 1128.7% YoY). Sales on the other hand came in at Rs 154 m (down 71.3% YoY). Read on for a complete analysis of GUJARAT FOILS's quarterly results.

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