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MAN IND.(I) Announces Quarterly Results (1QFY19); Net Profit Up 149.1%

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MAN IND.(I) Announces Quarterly Results (1QFY19); Net Profit Up 149.1%
Fri, 10 Aug

MAN IND.(I) has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

MAN IND.(I) Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m3,1814,8936,32629.3%98.9%
Other incomeRs m958541-51.9%-57.0%
TurnoverRs m3,2764,9786,36727.9%94.3%
ExpensesRs m2,9424,2775,70133.3%93.8%
Gross profitRs m2395796258.0%161.4%
DepreciationRs m999711014.1%11.9%
InterestRs m9814217926.3%83.2%
Profit before taxRs m138425376-11.5%172.8%
TaxRs m37161126-22.0%236.7%
Profit after taxRs m101264251-5.1%149.1%
Gross profit margin%7.511.89.9
Effective tax rate%27.037.933.4
Net profit margin%3.15.33.9
* 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 98.9% on a year-on-year (YoY) basis. The expenses were up by 93.8% YoY during the same period.
  • The company's operating profit increased by 161.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.9% in 1QFY19 as against 7.5% in 1QFY18.
  • Depreciation charges and finance costs increased by 11.9% YoY and 83.2% YoY, respectively.
  • Other income declined by 57.0% YoY during the quarter.
  • Net profit for the quarter increased by 149.1% YoY. Net profit margins during the quarter increased from 3.1% in 1QFY18 to 3.9% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 29.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 33.3% QoQ during the same period.
  • The company's operating profit declined by 8.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.9% in 1QFY19 as against 11.8% in 4QFY18.
  • Net profit for the quarter declined by 5.1% QoQ, while net profit margins declined from 5.3% in 4QFY18 to 3.9% in 1QFY19.

To see how MAN IND.(I) has performed over the last eight quarters, please visit here.

MAN IND.(I) Share Price Performance

Over the last one year, MAN IND.(I) share price has moved up from Rs 79.5 to Rs 112.5, registering a Gain of Rs 33.0 or around 41.5%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 13,017.5 (down 2.0%). Over the last one year it has moved up from 12,742.5 to 13,017.5, a gain of 275 points (up 2.2%).

Overall, the S&P BSE SENSEX is up 19.1% over the year.

Current Valuations

At the current price of Rs 112.5, the price to earnings (P/E) ratio of MAN IND.(I) stands at 8.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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MAN IND.(I) Announces Quarterly Results (2QFY19); Net Profit Up 62.7% (Quarterly Result Update)

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For the quarter ended September 2018, MAN IND.(I) has posted a net profit of Rs 152 m (up 62.7% YoY). Sales on the other hand came in at Rs 8 bn (up 182.4% YoY). Read on for a complete analysis of MAN IND.(I)'s quarterly results.

MAN IND.(I) Announces Quarterly Results (4QFY18); Net Profit Up 132.9% (Quarterly Result Update)

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For the quarter ended March 2018, MAN IND.(I) has posted a net profit of Rs 264 m (up 132.9% YoY). Sales on the other hand came in at Rs 5 bn (up 68.0% YoY). Read on for a complete analysis of MAN IND.(I)'s quarterly results.

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