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

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GUJARAT FOILS Announces Quarterly Results (2QFY19); Net Profit Up 34.4%
Tue, 27 Nov

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

GUJARAT FOILS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m151187168-10.4%11.3%
Other incomeRs m000-33.3%0.0%
TurnoverRs m151188168-10.4%11.4%
ExpensesRs m160215181-16.1%12.8%
Gross profitRs m-9-28-12
DepreciationRs m2017170.0%-18.3%
InterestRs m22000.0%-100.0%
Profit before taxRs m-51-44-29
TaxRs m-152-5-302.0%
Profit after taxRs m-37-47-24
Gross profit margin%-6.0-14.8-7.4
Effective tax rate%28.7-5.617.1
Net profit margin%-24.2-24.8-14.2
* 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 grew 11.3% on a year-on-year (YoY) basis. The expenses were up by 12.8% YoY during the same period.
  • The company's operating profit increased by 38.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.4% in 2QFY19 as against 6.0% in 2QFY18.
  • Depreciation charges declined by 18.3% and finance costs declined by 100.0% YoY, respectively.
  • Other income increased by 0.0% YoY during the quarter.
  • Net profit for the quarter increased by 34.4% YoY. Net profit margins during the quarter increased from -24.2% in 2QFY18 to -14.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.1% QoQ during the same period.
  • The company's operating profit increased by 55.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.4% in 2QFY19 as against 14.8% in 1QFY18.
  • Net profit for the quarter increased by 48.5% QoQ, while net profit margins increased from -25.0% in 1QFY18 to -14.2% in 2QFY19.

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 10.5 to Rs 2.5, registering a Loss of Rs 8.0 or around 76.2%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 11,815.9 (down 0.5%). Over the last one year it has moved down from 14,136.5 to 11,815.9, a gain of 2,321 points (down 16.4%).

Overall, the S&P BSE SENSEX is up 5.2% over the year.

Current Valuations

At the current price of Rs 2.5, the price to book value (P/BV) ratio of GUJARAT FOILS stands at 0.0 times.

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Related Views on News

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

Aug 6, 2018 | Updated on Aug 6, 2018

For the quarter ended June 2018, GUJARAT FOILS has posted a net profit of Rs 47 m (down 91.5% YoY). Sales on the other hand came in at Rs 187 m (down 89.3% 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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