MAHARASHTRA SEAMLESS Announces Quarterly Results (1QFY20); Net Profit Down 8.9%

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MAHARASHTRA SEAMLESS Announces Quarterly Results (1QFY20); Net Profit Down 8.9%
Thu, 8 Aug

MAHARASHTRA SEAMLESS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

MAHARASHTRA SEAMLESS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m6,0749,6486,903-28.5%13.6%
Other incomeRs m351-38182-48.1%
TurnoverRs m6,4269,6117,086-26.3%10.3%
ExpensesRs m4,6387,2955,364-26.5%15.7%
Gross profitRs m1,4378931,53972.3%7.1%
DepreciationRs m1961911951.9%-0.5%
InterestRs m139713134.9%895.5%
Profit before taxRs m1,5795671,396146.0%-11.6%
TaxRs m576760482-36.6%-16.4%
Profit after taxRs m1,004-192914-8.9%
Gross profit margin%23.79.322.3
Effective tax rate%36.5133.934.5
Net profit margin%15.6-2.012.9
* 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 13.6% on a year-on-year (YoY) basis. The expenses were up by 15.7% YoY during the same period.
  • The company's operating profit increased by 7.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.3% in 1QFY20 as against 23.7% in 1QFY19.
  • Depreciation charges declined by 0.5% and finance costs increased by 895.5% YoY, respectively.
  • Other income declined by 48.1% YoY during the quarter.
  • Net profit for the quarter declined by 8.9% YoY. Net profit margins during the quarter declined from 15.6% in 1QFY19 to 12.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 28.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 26.5% QoQ during the same period.
  • The company's operating profit increased by 72.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.3% in 1QFY20 as against 9.3% in 4QFY19.
  • Net profit for the quarter increased by 575.2% QoQ, while net profit margins increased from -2.0% in 4QFY19 to 12.9% in 1QFY20.

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

MAHARASHTRA SEAMLESS Share Price Performance

Over the last one year,MAHARASHTRA SEAMLESS share price has moved down from Rs 479.4 to Rs 396.1, registering a Loss of Rs 83.3 or around 17.4%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 8,934.6 (up 0.7%). Over the last one year it has moved down from 13,104.2 to 8,934.6, a gain of 4,170 points (down 31.8%).

Overall, the S&P BSE SENSEX is down 1.4% over the year.

Current Valuations

At the current price of Rs 396.1, the price to earnings (P/E) ratio of MAHARASHTRA SEAMLESS stands at 11.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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MAHARASHTRA SEAMLESS Announces Quarterly Results (4QFY19); Net Profit Down 121.8% (Quarterly Result Update)

Jun 10, 2019 | Updated on Jun 10, 2019

For the quarter ended March 2019, MAHARASHTRA SEAMLESS has posted a net profit of Rs 192 m (down 121.8% YoY). Sales on the other hand came in at Rs 10 bn (up 52.8% YoY). Read on for a complete analysis of MAHARASHTRA SEAMLESS's quarterly results.

MAH. SEAMLESS Announces Quarterly Results (3QFY19); Net Profit Up 139.3% (Quarterly Result Update)

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