IZMO LIMITED Announces Quarterly Results (4QFY19); Net Profit Up 161.0%

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IZMO LIMITED Announces Quarterly Results (4QFY19); Net Profit Up 161.0%
Fri, 14 Jun

IZMO LIMITED has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

IZMO LIMITED Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m17221534158.4%98.2%
Other incomeRs m91201227.7%131.2%
TurnoverRs m18021736066.4%99.8%
ExpensesRs m126145290100.6%129.8%
Gross profitRs m277151-27.8%90.8%
DepreciationRs m32415740.4%82.0%
InterestRs m341-67.1%-51.8%
Profit before taxRs m12712-56.2%1295.3%
TaxRs m10060.0%-35.5%
Profit after taxRs m-9276-79.7%
Gross profit margin%15.532.815.0
Effective tax rate%1,160.00.053.6
Net profit margin%-5.012.51.5
* 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 98.2% on a year-on-year (YoY) basis. The expenses were up by 129.8% YoY during the same period.
  • The company's operating profit increased by 90.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.0% in 4QFY19 as against 15.5% in 4QFY18.
  • Depreciation charges increased by 82.0% and finance costs declined by 51.8% YoY, respectively.
  • Other income increased by 131.2% YoY during the quarter.
  • Net profit for the quarter increased by 161.0% YoY. Net profit margins during the quarter increased from -5.0% in 4QFY18 to 1.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 58.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 100.6% QoQ during the same period.
  • The company's operating profit declined by 27.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.0% in 4QFY19 as against 32.8% in 3QFY18.
  • Net profit for the quarter declined by 79.7% QoQ, while net profit margins declined from 12.4% in 3QFY18 to 1.5% in 4QFY19.

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 89.1 to Rs 48.0, registering a Loss of Rs 41.1 or around 46.1%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,979.8 (up 0.1%). Over the last one year it has moved up from 13,645.3 to 15,979.8, a gain of 2,334 points (up 17.1%).

Overall, the S&P BSE SENSEX is up 10.9% 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 8.7 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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