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- MPS Announces Quarterly Results (1QFY20); Net Profit Up 0.7%
MPS Announces Quarterly Results (1QFY20); Net Profit Up 0.7%
Mon, 29 Jul
MPS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:
MPS Quarterly Financials
| No. of Mths Qtr. Ending | 3 Jun-18* | 3 Mar-19* | 3 Jun-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 721 | 903 | 836 | -7.4% | 15.9% |
| Other income | Rs m | 41 | 122 | 57 | -53.3% | 37.9% |
| Turnover | Rs m | 763 | 1,024 | 893 | -12.8% | 17.1% |
| Expenses | Rs m | 529 | 675 | 633 | -6.3% | 19.7% |
| Gross profit | Rs m | 193 | 228 | 204 | -10.5% | 5.7% |
| Depreciation | Rs m | 21 | 27 | 39 | 42.1% | 85.1% |
| Interest | Rs m | 0 | 1 | 5 | 278.6% | 2550.0% |
| Profit before tax | Rs m | 213 | 321 | 217 | -32.4% | 1.7% |
| Tax | Rs m | 60 | 95 | 63 | -33.6% | 4.5% |
| Profit after tax | Rs m | 153 | 226 | 154 | -31.9% | 0.7% |
| Gross profit margin | % | 26.7 | 25.2 | 24.4 | ||
| Effective tax rate | % | 28.3 | 29.5 | 29.0 | ||
| Net profit margin | % | 20.0 | 22.1 | 17.2 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 15.9% on a year-on-year (YoY) basis. The expenses were up by 19.7% YoY during the same period.
- The company's operating profit increased by 5.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.4% in 1QFY20 as against 26.7% in 1QFY19.
- Depreciation charges increased by 85.1% and finance costs increased by 2550.0% YoY, respectively.
- Other income increased by 37.9% YoY during the quarter.
- Net profit for the quarter increased by 0.7% YoY. Net profit margins during the quarter declined from 20.0% in 1QFY19 to 17.2% in 1QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 7.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.3% QoQ during the same period.
- The company's operating profit declined by 10.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.4% in 1QFY20 as against 25.2% in 4QFY19.
- Net profit for the quarter declined by 31.9% QoQ, while net profit margins declined from 22.1% in 4QFY19 to 17.2% in 1QFY20.
To see how MPS has performed over the last eight quarters,please visit here.
MPS Share Price Performance
Over the last one year,MPS share price has moved down from Rs 536.6 to Rs 477.8, registering a Loss of Rs 58.8 or around 11.0%.
Overall, the S&P BSE SENSEX is up 1.7% over the year.
Current Valuations
At the current price of Rs 477.8, the price to earnings (P/E) ratio of MPS stands at 11.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.
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