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GUJ.MINERAL DEV. Announces Quarterly Results (1QFY19); Net Profit Up 30.7%

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GUJ.MINERAL DEV. Announces Quarterly Results (1QFY19); Net Profit Up 30.7%
Tue, 14 Aug

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

GUJ.MINERAL DEV. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m5,8316,6426,7241.2%15.3%
Other incomeRs m2597820-73.9%-92.2%
TurnoverRs m6,0906,7206,7440.4%10.7%
ExpensesRs m3,9984,9763,902-21.6%-2.4%
Gross profitRs m1,8331,6662,82169.3%53.9%
DepreciationRs m386142751846.1%-28.7%
InterestRs m444-0.5%-1.6%
Profit before taxRs m1,7021,7262,56348.5%50.5%
TaxRs m273725695-4.2%154.7%
Profit after taxRs m1,4291,0011,86886.6%30.7%
Gross profit margin%31.425.142.0
Effective tax rate%16.042.027.1
Net profit margin%23.514.927.7
* 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 15.3% on a year-on-year (YoY) basis. The expenses were down by 2.4% YoY during the same period.
  • The company's operating profit increased by 53.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 42.0% in 1QFY19 as against 31.4% in 1QFY18.
  • Depreciation charges and finance costs declined by 28.7% YoY and 1.6% YoY, respectively.
  • Other income declined by 92.2% YoY during the quarter.
  • Net profit for the quarter increased by 30.7% YoY. Net profit margins during the quarter increased from 23.5% in 1QFY18 to 27.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 21.6% QoQ during the same period.
  • The company's operating profit increased by 69.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 42.0% in 1QFY19 as against 25.1% in 4QFY18.
  • Net profit for the quarter increased by 86.6% QoQ, while net profit margins increased from 14.9% in 4QFY18 to 27.7% in 1QFY19.

To see how GUJ.MINERAL DEV. has performed over the last eight quarters, please visit here.

GUJ.MINERAL DEV. Share Price Performance

Over the last one year, GUJ.MINERAL DEV. share price has moved up from Rs 137.5 to Rs 119.4, registering a Loss of Rs 18.2 or around 13.2%.

Overall, the S&P BSE SENSEX is up 20.4% over the year.

Current Valuations

At the current price of Rs 119.4, the price to earnings (P/E) ratio of GUJ.MINERAL DEV. stands at 8.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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GUJ.MINERAL DEV. Announces Quarterly Results (2QFY19); Net Profit Down 390.0% (Quarterly Result Update)

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For the quarter ended September 2018, GUJ.MINERAL DEV. has posted a net profit of Rs 2 bn (down 390.0% YoY). Sales on the other hand came in at Rs 3 bn (down 12.0% YoY). Read on for a complete analysis of GUJ.MINERAL DEV.'s quarterly results.

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For the quarter ended March 2018, GUJ.MINERAL DEV. has posted a net profit of Rs 1 bn (up 11.2% YoY). Sales on the other hand came in at Rs 7 bn (up 22.1% YoY). Read on for a complete analysis of GUJ.MINERAL DEV.'s quarterly results.

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