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INDIA GLYCOLS Announces Quarterly Results (3QFY19); Net Profit Up 1.9%

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INDIA GLYCOLS Announces Quarterly Results (3QFY19); Net Profit Up 1.9%
Wed, 20 Feb

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

INDIA GLYCOLS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m9,84313,59712,388-8.9%25.9%
Other incomeRs m193613-63.8%-29.9%
TurnoverRs m9,86213,63312,402-9.0%25.8%
ExpensesRs m8,89112,44511,335-8.9%27.5%
Gross profitRs m9521,1521,054-8.5%10.7%
DepreciationRs m1701781780.1%4.6%
InterestRs m2903413533.8%21.8%
Profit before taxRs m510669535-20.0%4.9%
TaxRs m167232185-20.3%11.0%
Profit after taxRs m343437350-19.9%1.9%
Gross profit margin%9.78.58.5
Effective tax rate%32.734.734.6
Net profit margin%3.53.22.8
* 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 25.9% on a year-on-year (YoY) basis. The expenses were up by 27.5% YoY during the same period.
  • The company's operating profit increased by 10.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.5% in 3QFY19 as against 9.7% in 3QFY18.
  • Depreciation charges increased by 4.6% and finance costs increased by 21.8% YoY, respectively.
  • Other income declined by 29.9% YoY during the quarter.
  • Net profit for the quarter increased by 1.9% YoY. Net profit margins during the quarter declined from 3.5% in 3QFY18 to 2.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.9% QoQ during the same period.
  • The company's operating profit increased by 8.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.5% in 3QFY19 as against 8.5% in 2QFY18.
  • Net profit for the quarter declined by 19.9% QoQ, while net profit margins declined from 3.2% in 2QFY18 to 2.8% in 3QFY19.

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 510.2 to Rs 242.0, registering a Loss of Rs 268.2 or around 52.6%.

Overall, the S&P BSE SENSEX is up 5.4% over the year.

Current Valuations

At the current price of Rs 242.0, the price to earnings (P/E) ratio of INDIA GLYCOLS stands at 4.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, INDIA GLYCOLS has posted a net profit of Rs 437 m (up 197.2% YoY). Sales on the other hand came in at Rs 14 bn (up 16.9% YoY). Read on for a complete analysis of INDIA GLYCOLS's quarterly results.

INDIA GLYCOLS 2017-18 Annual Report Analysis (Annual Result Update)

Sep 24, 2018 | Updated on Sep 24, 2018

Here's an analysis of the annual report of INDIA GLYCOLS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of INDIA GLYCOLS. Also includes updates on the valuation of INDIA GLYCOLS.

INDIA GLYCOLS Announces Quarterly Results (1QFY19); Net Profit Up 411.0% (Quarterly Result Update)

Aug 7, 2018 | Updated on Aug 7, 2018

For the quarter ended June 2018, INDIA GLYCOLS has posted a net profit of Rs 422 m (up 411.0% YoY). Sales on the other hand came in at Rs 11 bn (up 14.1% YoY). Read on for a complete analysis of INDIA GLYCOLS's quarterly results.

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