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

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MAN IND.(I) Announces Quarterly Results (2QFY19); Net Profit Up 62.7%
Tue, 6 Nov

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

MAN IND.(I) Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m2,8426,3268,02626.9%182.4%
Other incomeRs m16941290609.0%71.8%
TurnoverRs m3,0116,3678,31630.6%176.2%
ExpensesRs m2,6875,7017,18426.0%167.4%
Gross profitRs m156625262-58.1%68.1%
DepreciationRs m981101219.8%24.0%
InterestRs m90179179-0.1%99.8%
Profit before taxRs m137376252-33.1%83.2%
TaxRs m44126100-20.6%127.0%
Profit after taxRs m93251152-39.4%62.7%
Gross profit margin%5.59.93.3
Effective tax rate%32.033.439.6
Net profit margin%3.13.91.8
* 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 182.4% on a year-on-year (YoY) basis. The expenses were up by 167.4% YoY during the same period.
  • The company's operating profit increased by 68.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.3% in 2QFY19 as against 5.5% in 2QFY18.
  • Depreciation charges increased by 24.0% and finance costs increased by 99.8% YoY, respectively.
  • Other income increased by 71.8% YoY during the quarter.
  • Net profit for the quarter increased by 62.7% YoY. Net profit margins during the quarter declined from 3.1% in 2QFY18 to 1.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 26.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 26.0% QoQ during the same period.
  • The company's operating profit declined by 58.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.3% in 2QFY19 as against 9.9% in 1QFY18.
  • Net profit for the quarter declined by 39.4% QoQ, while net profit margins declined from 3.9% in 1QFY18 to 1.8% in 2QFY19.

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 108.8 to Rs 78.0, registering a Loss of Rs 30.8 or around 28.3%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,883.5 (down 1.6%). Over the last one year it has moved down from 14,988.6 to 12,883.5, a gain of 2,105 points (down 14.0%).

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 78.0, the price to earnings (P/E) ratio of MAN IND.(I) stands at 5.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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Here's an analysis of the annual report of MAN IND.(I) for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of MAN IND.(I). Also includes updates on the valuation of MAN IND.(I).

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

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For the quarter ended June 2018, MAN IND.(I) has posted a net profit of Rs 251 m (up 149.1% YoY). Sales on the other hand came in at Rs 6 bn (up 98.9% 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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