FEDERAL - MOGUL G Announces Quarterly Results (3QFY19); Net Profit Up 18.1%

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FEDERAL - MOGUL G Announces Quarterly Results (3QFY19); Net Profit Up 18.1%
Fri, 15 Feb

FEDERAL - MOGUL G has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

FEDERAL - MOGUL G Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3,1333,4313,164-7.8%1.0%
Other incomeRs m8411199-10.2%18.7%
TurnoverRs m3,2163,5423,263-7.9%1.5%
ExpensesRs m2,7612,9902,754-7.9%-0.2%
Gross profitRs m372441409-7.1%10.2%
DepreciationRs m185205204-0.5%10.4%
InterestRs m2023233.3%18.6%
Profit before taxRs m251324281-13.1%12.1%
TaxRs m9611398-13.1%2.6%
Profit after taxRs m155210183-13.1%18.1%
Gross profit margin%11.912.812.9
Effective tax rate%38.234.934.9
Net profit margin%4.85.95.6
* 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 1.0% on a year-on-year (YoY) basis. The expenses were down by 0.2% YoY during the same period.
  • The company's operating profit increased by 10.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.9% in 3QFY19 as against 11.9% in 3QFY18.
  • Depreciation charges increased by 10.4% and finance costs increased by 18.6% YoY, respectively.
  • Other income increased by 18.7% YoY during the quarter.
  • Net profit for the quarter increased by 18.1% YoY. Net profit margins during the quarter increased from 4.8% in 3QFY18 to 5.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.9% QoQ during the same period.
  • The company's operating profit increased by 7.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.9% in 3QFY19 as against 12.8% in 2QFY18.
  • Net profit for the quarter declined by 13.1% QoQ, while net profit margins declined from 5.9% in 2QFY18 to 5.6% in 3QFY19.

To see how FEDERAL - MOGUL G has performed over the last eight quarters, please visit here.

FEDERAL - MOGUL G Share Price Performance

Over the last one year, FEDERAL - MOGUL G share price has moved up from Rs 519.0 to Rs 476.6, registering a Loss of Rs 42.5 or around 8.2%.

Overall, the S&P BSE SENSEX is up 4.3% over the year.

Current Valuations

At the current price of Rs 476.6, the price to earnings (P/E) ratio of FEDERAL - MOGUL G stands at 30.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

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For the quarter ended June 2019, FEDERAL - MOGUL G has posted a net profit of Rs 107 m (down 58.0% YoY). Sales on the other hand came in at Rs 3 bn (down 9.4% YoY). Read on for a complete analysis of FEDERAL - MOGUL G's quarterly results.

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