IZMO LIMITED Announces Quarterly Results (3QFY19); Net Profit Down 14.7%

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IZMO LIMITED Announces Quarterly Results (3QFY19); Net Profit Down 14.7%
Tue, 12 Feb

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

IZMO LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m16618821514.3%29.3%
Other incomeRs m11111-86.4%-86.8%
TurnoverRs m1781992178.8%21.9%
ExpensesRs m127147145-1.7%13.8%
Gross profitRs m39417171.0%79.3%
DepreciationRs m16294139.9%151.7%
InterestRs m354-19.5%58.0%
Profit before taxRs m32182752.2%-14.7%
TaxRs m0000.0%0.0%
Profit after taxRs m32182752.2%-14.7%
Gross profit margin%23.721.932.8
Effective tax rate%0.00.00.0
Net profit margin%17.98.912.5
* 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 29.3% on a year-on-year (YoY) basis. The expenses were up by 13.8% YoY during the same period.
  • The company's operating profit increased by 79.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.8% in 3QFY19 as against 23.7% in 3QFY18.
  • Depreciation charges increased by 151.7% and finance costs increased by 58.0% YoY, respectively.
  • Other income declined by 86.8% YoY during the quarter.
  • Net profit for the quarter declined by 14.7% YoY. Net profit margins during the quarter declined from 17.9% in 3QFY18 to 12.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 14.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.7% QoQ during the same period.
  • The company's operating profit increased by 71.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.8% in 3QFY19 as against 21.9% in 2QFY18.
  • Net profit for the quarter increased by 52.2% QoQ, while net profit margins increased from 9.0% in 2QFY18 to 12.5% in 3QFY19.

To see how IZMO LIMITED has performed over the last eight quarters, please visit here.

IZMO LIMITED Share Price Performance

Over the last one year, IZMO LIMITED share price has moved up from Rs 108.6 to Rs 48.0, registering a Loss of Rs 60.6 or around 55.8%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,399.4 (down 1.6%). Over the last one year it has moved up from 12,064.5 to 15,399.4, a gain of 3,335 points (up 27.6%).

Overall, the S&P BSE SENSEX is up 6.1% over the year.

Current Valuations

At the current price of Rs 48.0, the price to earnings (P/E) ratio of IZMO LIMITED stands at 11.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

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For the quarter ended June 2019, IZMO LIMITED has posted a net profit of Rs 8 m (down 56.4% YoY). Sales on the other hand came in at Rs 211 m (up 18.9% YoY). Read on for a complete analysis of IZMO LIMITED's quarterly results.

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