IIFL HOLDINGS Announces Quarterly Results (3QFY19); Net Profit Down 4.8%

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IIFL HOLDINGS Announces Quarterly Results (3QFY19); Net Profit Down 4.8%
Fri, 1 Feb

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

IIFL HOLDINGS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m16,12118,32217,903-2.3%11.1%
Other incomeRs m595363316-12.7%-46.8%
TurnoverRs m16,71718,68518,220-2.5%9.0%
ExpensesRs m5,2575,7776,61214.5%25.8%
Gross profitRs m10,20912,53311,291-9.9%10.6%
DepreciationRs m16921724814.2%46.6%
InterestRs m6,9928,1258,1250.0%16.2%
Profit before taxRs m3,6434,5543,235-29.0%-11.2%
TaxRs m1,2851,514990-34.6%-23.0%
Profit after taxRs m2,3583,0392,244-26.2%-4.8%
Gross profit margin%63.368.463.1
Effective tax rate%35.333.330.6
Net profit margin%14.116.312.3
* 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 11.1% on a year-on-year (YoY) basis. The expenses were up by 25.8% YoY during the same period.
  • The company's operating profit increased by 10.6% YoY during the quarter. Consequently, operating profit margins remained same and stood at 63.1% in 3QFY19.
  • Depreciation charges increased by 46.6% and finance costs increased by 16.2% YoY, respectively.
  • Other income declined by 46.8% YoY during the quarter.
  • Net profit for the quarter declined by 4.8% YoY. Net profit margins during the quarter declined from 14.1% in 3QFY18 to 12.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 14.5% QoQ during the same period.
  • The company's operating profit declined by 9.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 63.1% in 3QFY19 as against 68.4% in 2QFY18.
  • Net profit for the quarter declined by 26.2% QoQ, while net profit margins declined from 16.3% in 2QFY18 to 12.3% in 3QFY19.

To see how IIFL HOLDINGS has performed over the last eight quarters, please visit here.

IIFL HOLDINGS Share Price Performance

Over the last one year, IIFL HOLDINGS share price has moved up from Rs 806.9 to Rs 425.3, registering a Loss of Rs 381.6 or around 47.3%.

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 425.3, the price to earnings (P/E) ratio of IIFL HOLDINGS stands at 13.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

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