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ISMT LTD Announces Quarterly Results (4QFY18); Net Profit Down 16.4%

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ISMT LTD Announces Quarterly Results (4QFY18); Net Profit Down 16.4%
Wed, 13 Jun

ISMT LTD has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

ISMT LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m2,5323,8484,59519.4%81.5%
Other incomeRs m264320-52.7%-23.3%
TurnoverRs m2,5583,8914,61518.6%80.4%
ExpensesRs m2,4463,6594,33118.4%77.1%
Gross profitRs m9621026426.0%174.5%
DepreciationRs m1951451535.8%-21.3%
InterestRs m585684683-0.3%16.6%
Profit before taxRs m-658-577-552
TaxRs m00-20.0%0.0%
Profit after taxRs m-658-577-550
Gross profit margin%3.85.45.7
Effective tax rate%0.00.00.3
Net profit margin%-25.7-14.8-11.9
* 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 81.5% on a year-on-year (YoY) basis. The expenses were up by 77.1% YoY during the same period.
  • The company's operating profit increased by 174.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.7% in 4QFY18 as against 3.8% in 4QFY17.
  • Depreciation charges and finance costs declined by 21.3% YoY and 16.6% YoY, respectively.
  • Other income declined by 23.3% YoY during the quarter.
  • Net profit for the quarter declined by 16.4% YoY. Net profit margins during the quarter increased from -25.7% in 4QFY17 to 11.9% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 19.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 18.4% QoQ during the same period.
  • The company's operating profit declined by 26.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.7% in 4QFY18 as against 5.4% in 3QFY17.
  • Net profit for the quarter declined by 4.7% QoQ, while net profit margins increased from 14.8% in 3QFY17 to 11.9% in 4QFY18.

To see how ISMT LTD has performed over the last eight quarters, please visit here.

ISMT LTD Share Price Performance

Over the last one year, ISMT LTD share price has moved up from Rs 10.9 to Rs 6.9, registering a Loss of Rs -4.0 or around 36.5%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 13,725.7 (down 0.0%). Over the last one year it has moved up from 11,252.8 to 13,725.7, a gain of 2,472.9 points (up 22.0%).

Overall, the S&P BSE SENSEX is up 0.3% over the year.

Current Valuations

At the current price of Rs 6.9, the price to earnings (P/E) ratio of ISMT LTD stands at NM times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -0.9 times.

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Mar 14, 2019 | Updated on Mar 14, 2019

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

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