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MCLEOD RUSSEL Announces Quarterly Results (2QFY19); Net Profit Up 80.4%

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MCLEOD RUSSEL Announces Quarterly Results (2QFY19); Net Profit Up 80.4%
Mon, 19 Nov

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

MCLEOD RUSSEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m4,6862,2304,461100.1%-4.8%
Other incomeRs m43046975761.2%76.2%
TurnoverRs m5,1162,6995,21893.3%2.0%
ExpensesRs m2,5272,4862,6486.5%4.8%
Gross profitRs m2,160-2563,27951.8%
DepreciationRs m206196170-13.0%-17.4%
InterestRs m48304980.0%3.0%
Profit before taxRs m1,901183,36918824.7%77.2%
TaxRs m465377928759.3%67.4%
Profit after taxRs m1,435152,58917048.3%80.4%
Gross profit margin%46.1-11.573.5
Effective tax rate%24.515.223.1
Net profit margin%28.10.649.6
* 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 fell 4.8% on a year-on-year (YoY) basis. The expenses were up by 4.8% YoY during the same period.
  • The company's operating profit increased by 51.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 73.5% in 2QFY19 as against 46.1% in 2QFY18.
  • Depreciation charges declined by 17.4% and finance costs increased by 3.0% YoY, respectively.
  • Other income increased by 76.2% YoY during the quarter.
  • Net profit for the quarter increased by 80.4% YoY. Net profit margins during the quarter increased from 28.1% in 2QFY18 to 49.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 100.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.5% QoQ during the same period.
  • The company's operating profit increased by 1380.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 73.5% in 2QFY19 as against 11.5% in 1QFY18.
  • Net profit for the quarter increased by 17048.3% QoQ, while net profit margins increased from 0.6% in 1QFY18 to 49.6% in 2QFY19.

To see how MCLEOD RUSSEL has performed over the last eight quarters, please visit here.

MCLEOD RUSSEL Share Price Performance

Over the last one year, MCLEOD RUSSEL share price has moved up from Rs 166.4 to Rs 127.0, registering a Loss of Rs 39.4 or around 23.7%.

Overall, the S&P BSE SENSEX is up 7.3% over the year.

Current Valuations

At the current price of Rs 127.0, the price to earnings (P/E) ratio of MCLEOD RUSSEL stands at 7.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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