MPS LTD Announces Quarterly Results (2QFY19); Net Profit Up 9.6%

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MPS LTD Announces Quarterly Results (2QFY19); Net Profit Up 9.6%
Fri, 9 Nov

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

MPS LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m6877211,00639.5%46.5%
Other incomeRs m494139-6.1%-20.9%
TurnoverRs m7367631,04537.0%42.0%
ExpensesRs m45052974841.5%66.3%
Gross profitRs m23719325833.9%8.9%
DepreciationRs m21213148.6%47.1%
InterestRs m0000.0%100.0%
Profit before taxRs m26521326624.7%0.4%
TaxRs m94607931.2%-16.2%
Profit after taxRs m17015318722.2%9.6%
Gross profit margin%34.526.725.7
Effective tax rate%35.628.329.7
Net profit margin%23.220.017.9
* 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 46.5% on a year-on-year (YoY) basis. The expenses were up by 66.3% YoY during the same period.
  • The company's operating profit increased by 8.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.7% in 2QFY19 as against 34.5% in 2QFY18.
  • Depreciation charges increased by 47.1% and finance costs increased by 100.0% YoY, respectively.
  • Other income declined by 20.9% YoY during the quarter.
  • Net profit for the quarter increased by 9.6% YoY. Net profit margins during the quarter declined from 23.2% in 2QFY18 to 17.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 39.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 41.5% QoQ during the same period.
  • The company's operating profit declined by 33.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.7% in 2QFY19 as against 26.7% in 1QFY18.
  • Net profit for the quarter increased by 22.2% QoQ, while net profit margins declined from 20.1% in 1QFY18 to 17.9% in 2QFY19.

To see how MPS LTD has performed over the last eight quarters, please visit here.

MPS LTD Share Price Performance

Over the last one year, MPS LTD share price has moved up from Rs 591.0 to Rs 515.9, registering a Loss of Rs 75.1 or around 12.7%.

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

Current Valuations

At the current price of Rs 515.9, the price to earnings (P/E) ratio of MPS LTD stands at 14.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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