INDO TECH TRANS. Announces Quarterly Results (3QFY19); Net Profit Down 381.7%

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INDO TECH TRANS. Announces Quarterly Results (3QFY19); Net Profit Down 381.7%
Tue, 12 Feb

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

INDO TECH TRANS. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m466499482-3.4%3.4%
Other incomeRs m1232-29.0%-81.0%
TurnoverRs m478502484-3.6%1.3%
ExpensesRs m4715015030.3%6.8%
Gross profitRs m-5-3-21
DepreciationRs m1211110.0%-4.2%
InterestRs m204900.0%73.9%
Profit before taxRs m-7-11-34
TaxRs m0000.0%0.0%
Profit after taxRs m-7-11-34
Gross profit margin%-1.0-0.5-4.4
Effective tax rate%0.00.00.0
Net profit margin%-1.5-2.3-7.1
* 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 3.4% on a year-on-year (YoY) basis. The expenses were up by 6.8% YoY during the same period.
  • The company's operating profit increased by 366.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.4% in 3QFY19 as against 1.0% in 3QFY18.
  • Depreciation charges declined by 4.2% and finance costs increased by 73.9% YoY, respectively.
  • Other income declined by 81.0% YoY during the quarter.
  • Net profit for the quarter declined by 381.7% YoY. Net profit margins during the quarter declined from -1.5% in 3QFY18 to -7.1% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.3% QoQ during the same period.
  • The company's operating profit declined by 707.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.4% in 3QFY19 as against 0.5% in 2QFY18.
  • Net profit for the quarter declined by 202.7% QoQ, while net profit margins declined from -2.2% in 2QFY18 to -7.1% in 3QFY19.

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 205.7 to Rs 91.2, registering a Loss of Rs 114.5 or around 55.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,588.3 (down 0.1%). Over the last one year it has moved down from 19,558.3 to 16,588.3, a gain of 2,970 points (down 15.2%).

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 91.2, the price to book value (P/BV) ratio of INDO TECH TRANS. stands at 0.7 times.

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