MAH. SEAMLESS Announces Quarterly Results (2QFY19); Net Profit Up 160.4%

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MAH. SEAMLESS Announces Quarterly Results (2QFY19); Net Profit Up 160.4%
Mon, 12 Nov

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

MAH. SEAMLESS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m4,8406,0747,03015.7%45.3%
Other incomeRs m151351294-16.4%95.0%
TurnoverRs m4,9906,4267,32414.0%46.8%
ExpensesRs m4,2394,6385,75124.0%35.6%
Gross profitRs m6001,4371,280-10.9%113.2%
DepreciationRs m1861961960.1%5.1%
InterestRs m22132162.1%-3.6%
Profit before taxRs m5431,5791,357-14.1%150.0%
TaxRs m203576472-18.1%132.5%
Profit after taxRs m3401,004885-11.8%160.4%
Gross profit margin%12.423.718.2
Effective tax rate%37.436.534.8
Net profit margin%6.815.612.1
* 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 45.3% on a year-on-year (YoY) basis. The expenses were up by 35.6% YoY during the same period.
  • The company's operating profit increased by 113.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.2% in 2QFY19 as against 12.4% in 2QFY18.
  • Depreciation charges increased by 5.1% and finance costs declined by 3.6% YoY, respectively.
  • Other income increased by 95.0% YoY during the quarter.
  • Net profit for the quarter increased by 160.4% YoY. Net profit margins during the quarter increased from 6.8% in 2QFY18 to 12.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 24.0% QoQ during the same period.
  • The company's operating profit declined by 10.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.2% in 2QFY19 as against 23.7% in 1QFY18.
  • Net profit for the quarter declined by 11.8% QoQ, while net profit margins declined from 15.6% in 1QFY18 to 12.1% in 2QFY19.

To see how MAH. SEAMLESS has performed over the last eight quarters, please visit here.

MAH. SEAMLESS Share Price Performance

Over the last one year, MAH. SEAMLESS share price has moved up from Rs 455.3 to Rs 472.8, registering a Gain of Rs 17.5 or around 3.8%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,789.6 (down 0.6%). Over the last one year it has moved down from 14,633.6 to 12,789.6, a gain of 1,844 points (down 12.6%).

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 472.8, the price to earnings (P/E) ratio of MAH. SEAMLESS stands at 10.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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