GUJARAT NARMADA Announces Quarterly Results (4QFY19); Net Profit Down 71.5%

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GUJARAT NARMADA Announces Quarterly Results (4QFY19); Net Profit Down 71.5%
Mon, 3 Jun

GUJARAT NARMADA has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

GUJARAT NARMADA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m17,64412,19214,30917.4%-18.9%
Other incomeRs m511747718-3.8%40.7%
TurnoverRs m18,15412,93915,02816.1%-17.2%
ExpensesRs m12,93311,39213,26216.4%2.5%
Gross profitRs m4,7117991,04831.1%-77.8%
DepreciationRs m668660647-2.0%-3.2%
InterestRs m1415991.8%-93.3%
Profit before taxRs m4,4138811,11025.9%-74.8%
TaxRs m1,123-776174-84.5%
Profit after taxRs m3,2901,657936-43.5%-71.5%
Gross profit margin%26.76.67.3
Effective tax rate%25.4-88.015.7
Net profit margin%18.112.86.2
* 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 18.9% on a year-on-year (YoY) basis. The expenses were up by 2.5% YoY during the same period.
  • The company's operating profit declined by 77.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.3% in 4QFY19 as against 26.7% in 4QFY18.
  • Depreciation charges declined by 3.2% and finance costs declined by 93.3% YoY, respectively.
  • Other income increased by 40.7% YoY during the quarter.
  • Net profit for the quarter declined by 71.5% YoY. Net profit margins during the quarter declined from 18.1% in 4QFY18 to 6.2% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 17.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.4% QoQ during the same period.
  • The company's operating profit increased by 31.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.3% in 4QFY19 as against 6.6% in 3QFY18.
  • Net profit for the quarter declined by 43.5% QoQ, while net profit margins declined from 12.8% in 3QFY18 to 6.2% in 4QFY19.

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

GUJARAT NARMADA Share Price Performance

Over the last one year, GUJARAT NARMADA share price has moved up from Rs 475.6 to Rs 289.7, registering a Loss of Rs 185.9 or around 39.1%.

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 289.7, the price to earnings (P/E) ratio of GUJARAT NARMADA stands at 6.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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