ORACLE FINANCIAL SERVICES Announces Quarterly Results (2QFY19); Net Profit Up 3.0%

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ORACLE FINANCIAL SERVICES Announces Quarterly Results (2QFY19); Net Profit Up 3.0%
Mon, 5 Nov

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

ORACLE FINANCIAL SERVICES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m11,89513,44912,133-9.8%2.0%
Other incomeRs m854814973.2%487.3%
TurnoverRs m11,98013,93012,629-9.3%5.4%
ExpensesRs m6,7597,2047,145-0.8%5.7%
Gross profitRs m5,1366,2454,988-20.1%-2.9%
DepreciationRs m158131125-5.0%-21.0%
InterestRs m0000.0%0.0%
Profit before taxRs m5,0636,5955,360-18.7%5.9%
TaxRs m1,6442,5761,839-28.6%11.9%
Profit after taxRs m3,4194,0193,520-12.4%3.0%
Gross profit margin%43.246.441.1
Effective tax rate%32.539.134.3
Net profit margin%28.528.827.9
* 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 2.0% on a year-on-year (YoY) basis. The expenses were up by 5.7% YoY during the same period.
  • The company's operating profit declined by 2.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 41.1% in 2QFY19 as against 43.2% in 2QFY18.
  • Depreciation charges declined by 21.0% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 487.3% YoY during the quarter.
  • Net profit for the quarter increased by 3.0% YoY. Net profit margins during the quarter declined from 28.5% in 2QFY18 to 27.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.8% QoQ during the same period.
  • The company's operating profit declined by 20.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 41.1% in 2QFY19 as against 46.4% in 1QFY18.
  • Net profit for the quarter declined by 12.4% QoQ, while net profit margins declined from 28.9% in 1QFY18 to 27.9% in 2QFY19.

To see how ORACLE FINANCIAL SERVICES has performed over the last eight quarters, please visit here.

ORACLE FINANCIAL SERVICES Share Price Performance

Over the last one year, ORACLE FINANCIAL SERVICES share price has moved up from Rs 3,540.9 to Rs 3,522.0, registering a Loss of Rs 18.9 or around 0.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,125.3 (up 0.3%). Over the last one year it has moved up from 10,383.0 to 14,125.3, a gain of 3,742 points (up 36.0%).

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 3,522.0, the price to earnings (P/E) ratio of ORACLE FINANCIAL SERVICES stands at 23.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.1 times.

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