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

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GUJ.MINERAL DEV. Announces Quarterly Results (2QFY19); Net Profit Down 390.0%
Fri, 9 Nov

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

GUJ.MINERAL DEV. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,7036,7243,260-51.5%-12.0%
Other incomeRs m682060195.8%-11.5%
TurnoverRs m3,7716,7443,320-50.8%-12.0%
ExpensesRs m2,4493,9022,184-44.0%-10.9%
Gross profitRs m1,2532,821-1,900-167.4%-251.6%
DepreciationRs m369275174-36.8%-52.8%
InterestRs m4445.0%1.8%
Profit before taxRs m9492,563-2,018-178.8%-312.8%
TaxRs m182695206-70.4%13.0%
Profit after taxRs m7671,868-2,224-219.1%-390.0%
Gross profit margin%33.942.0-58.3
Effective tax rate%19.227.1-10.2
Net profit margin%20.327.7-67.0
* 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 12.0% on a year-on-year (YoY) basis. The expenses were down by 10.9% YoY during the same period.
  • The company's operating profit declined by 251.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 58.3% in 2QFY19 as against 33.9% in 2QFY18.
  • Depreciation charges declined by 52.8% and finance costs increased by 1.8% YoY, respectively.
  • Other income declined by 11.5% YoY during the quarter.
  • Net profit for the quarter declined by 390.0% YoY. Net profit margins during the quarter declined from 20.3% in 2QFY18 to -67.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 51.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 44.0% QoQ during the same period.
  • The company's operating profit declined by 167.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 58.3% in 2QFY19 as against 42.0% in 1QFY18.
  • Net profit for the quarter declined by 219.1% QoQ, while net profit margins declined from 27.7% in 1QFY18 to -67.0% in 2QFY19.

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 164.8 to Rs 86.1, registering a Loss of Rs 78.7 or around 47.8%.

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

Current Valuations

At the current price of Rs 86.1, the price to earnings (P/E) ratio of GUJ.MINERAL DEV. stands at 19.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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