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

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MAHARASHTRA SEAMLESS Announces Quarterly Results (4QFY19); Net Profit Down 121.8%
Mon, 10 Jun

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

MAHARASHTRA SEAMLESS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m6,3137,8599,64822.8%52.8%
Other incomeRs m15683-38-145.1%-124.1%
TurnoverRs m6,4707,9429,61121.0%48.6%
ExpensesRs m5,0706,2877,29516.0%43.9%
Gross profitRs m1,2441,572893-43.2%-28.2%
DepreciationRs m192196191-2.5%-0.5%
InterestRs m-23397198.8%
Profit before taxRs m1,2101,427567-60.2%-53.1%
TaxRs m32649976052.2%133.4%
Profit after taxRs m884928-192-120.7%-121.8%
Gross profit margin%19.720.09.3
Effective tax rate%26.935.0133.9
Net profit margin%13.711.7-2.0
* 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 52.8% on a year-on-year (YoY) basis. The expenses were up by 43.9% YoY during the same period.
  • The company's operating profit declined by 28.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.3% in 4QFY19 as against 19.7% in 4QFY18.
  • Depreciation charges declined by 0.5% and finance costs declined by 4970.0% YoY, respectively.
  • Other income declined by 124.1% YoY during the quarter.
  • Net profit for the quarter declined by 121.8% YoY. Net profit margins during the quarter declined from 13.7% in 4QFY18 to -2.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 22.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.0% QoQ during the same period.
  • The company's operating profit declined by 43.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.3% in 4QFY19 as against 20.0% in 3QFY18.
  • Net profit for the quarter declined by 120.7% QoQ, while net profit margins declined from 11.7% in 3QFY18 to -2.0% in 4QFY19.

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 up from Rs 438.5 to Rs 438.7, registering a Gain of Rs 0.3 or around 0.1%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,850.2 (up 0.7%). Over the last one year it has moved down from 13,853.8 to 10,850.2, a gain of 3,004 points (down 21.7%).

Overall, the S&P BSE SENSEX is up 12.6% over the year.

Current Valuations

At the current price of Rs 438.7, the price to earnings (P/E) ratio of MAHARASHTRA SEAMLESS stands at 11.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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