INDIA GLYCOLS Announces Quarterly Results (2QFY19); Net Profit Up 197.2%

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INDIA GLYCOLS Announces Quarterly Results (2QFY19); Net Profit Up 197.2%
Mon, 12 Nov

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

INDIA GLYCOLS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m11,62911,22813,59721.1%16.9%
Other incomeRs m4203685.6%761.9%
TurnoverRs m11,63311,24813,63321.2%17.2%
ExpensesRs m10,92110,10812,44523.1%14.0%
Gross profitRs m7081,1201,1522.8%62.7%
DepreciationRs m1711781780.2%4.1%
InterestRs m3193153418.2%6.9%
Profit before taxRs m2226476693.4%201.1%
TaxRs m752252323.4%208.6%
Profit after taxRs m1474224373.4%197.2%
Gross profit margin%6.110.08.5
Effective tax rate%33.934.734.7
Net profit margin%1.33.83.2
* 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 grew 16.9% on a year-on-year (YoY) basis. The expenses were up by 14.0% YoY during the same period.
  • The company's operating profit increased by 62.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.5% in 2QFY19 as against 6.1% in 2QFY18.
  • Depreciation charges increased by 4.1% and finance costs increased by 6.9% YoY, respectively.
  • Other income increased by 761.9% YoY during the quarter.
  • Net profit for the quarter increased by 197.2% YoY. Net profit margins during the quarter increased from 1.3% in 2QFY18 to 3.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 21.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 23.1% QoQ during the same period.
  • The company's operating profit declined by 2.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.5% in 2QFY19 as against 10.0% in 1QFY18.
  • Net profit for the quarter increased by 3.4% QoQ, while net profit margins declined from 3.8% in 1QFY18 to 3.2% in 2QFY19.

To see how INDIA GLYCOLS has performed over the last eight quarters, please visit here.

INDIA GLYCOLS Share Price Performance

Over the last one year, INDIA GLYCOLS share price has moved up from Rs 384.4 to Rs 370.5, registering a Loss of Rs 13.9 or around 3.6%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 370.5, the price to earnings (P/E) ratio of INDIA GLYCOLS stands at 7.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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INDIA GLYCOLS 2018-19 Annual Report Analysis (Annual Result Update)

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