KOLTE PATIL Announces Quarterly Results (2QFY19); Net Profit Down 62.8%

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KOLTE PATIL Announces Quarterly Results (2QFY19); Net Profit Down 62.8%
Fri, 9 Nov

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

KOLTE PATIL Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,8903,8062,110-44.5%-45.7%
Other incomeRs m24192426.3%-1.3%
TurnoverRs m3,9143,8242,134-44.2%-45.5%
ExpensesRs m3,1922,5501,686-33.9%-47.2%
Gross profitRs m6981,356425-68.7%-39.1%
DepreciationRs m3737383.0%3.3%
InterestRs m249203193-4.8%-22.6%
Profit before taxRs m4361,135218-80.8%-50.1%
TaxRs m135372106-71.6%-21.5%
Profit after taxRs m301763112-85.3%-62.8%
Gross profit margin%17.935.620.1
Effective tax rate%30.932.848.6
Net profit margin%7.719.95.2
* 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 fell 45.7% on a year-on-year (YoY) basis. The expenses were down by 47.2% YoY during the same period.
  • The company's operating profit declined by 39.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.1% in 2QFY19 as against 17.9% in 2QFY18.
  • Depreciation charges increased by 3.3% and finance costs declined by 22.6% YoY, respectively.
  • Other income declined by 1.3% YoY during the quarter.
  • Net profit for the quarter declined by 62.8% YoY. Net profit margins during the quarter declined from 7.7% in 2QFY18 to 5.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 44.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 33.9% QoQ during the same period.
  • The company's operating profit declined by 68.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.1% in 2QFY19 as against 35.6% in 1QFY18.
  • Net profit for the quarter declined by 85.3% QoQ, while net profit margins declined from 19.9% in 1QFY18 to 5.2% in 2QFY19.

To see how KOLTE PATIL has performed over the last eight quarters, please visit here.

KOLTE PATIL Share Price Performance

Over the last one year, KOLTE PATIL share price has moved up from Rs 248.3 to Rs 240.7, registering a Loss of Rs 7.6 or around 3.1%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,749.7 (down 0.9%). Over the last one year it has moved down from 2,308.0 to 1,749.7, a gain of 558 points (down 24.2%).

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 240.7, the price to earnings (P/E) ratio of KOLTE PATIL stands at 9.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.

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