INDO TECH TRANS. Announces Quarterly Results (2QFY19); Net Profit Up 72.0%

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INDO TECH TRANS. Announces Quarterly Results (2QFY19); Net Profit Up 72.0%
Thu, 29 Nov

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

INDO TECH TRANS. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m4294764994.7%16.2%
Other incomeRs m92340.9%-67.0%
TurnoverRs m4394785024.9%14.4%
ExpensesRs m466506501-0.9%7.5%
Gross profitRs m-37-30-3
DepreciationRs m1211110.0%-3.4%
InterestRs m1000.0%-55.6%
Profit before taxRs m-40-39-11
TaxRs m0000.0%0.0%
Profit after taxRs m-40-39-11
Gross profit margin%-8.6-6.3-0.5
Effective tax rate%0.00.00.0
Net profit margin%-9.2-8.2-2.3
* 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 16.2% on a year-on-year (YoY) basis. The expenses were up by 7.5% YoY during the same period.
  • The company's operating profit declined by 93.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 0.5% in 2QFY19 as against 8.6% in 2QFY18.
  • Depreciation charges declined by 3.4% and finance costs declined by 55.6% YoY, respectively.
  • Other income declined by 67.0% YoY during the quarter.
  • Net profit for the quarter increased by 72.0% YoY. Net profit margins during the quarter increased from -9.2% in 2QFY18 to -2.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.9% QoQ during the same period.
  • The company's operating profit increased by 91.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 0.5% in 2QFY19 as against 6.3% in 1QFY18.
  • Net profit for the quarter increased by 71.3% QoQ, while net profit margins increased from -8.2% in 1QFY18 to -2.3% in 2QFY19.

To see how INDO TECH TRANS. has performed over the last eight quarters, please visit here.

INDO TECH TRANS. Share Price Performance

Over the last one year, INDO TECH TRANS. share price has moved up from Rs 206.3 to Rs 108.8, registering a Loss of Rs 97.5 or around 47.3%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,535.4 (up 1.0%). Over the last one year it has moved down from 18,540.8 to 18,535.4, a gain of 5 points (down 0.0%).

Overall, the S&P BSE SENSEX is up 7.1% over the year.

Current Valuations

At the current price of Rs 108.8, the price to book value (P/BV) ratio of INDO TECH TRANS. stands at 0.9 times.

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