MCLEOD RUSSEL Announces Quarterly Results (3QFY19); Net Profit Down 20.6%

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MCLEOD RUSSEL Announces Quarterly Results (3QFY19); Net Profit Down 20.6%
Mon, 18 Feb

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

MCLEOD RUSSEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m5,5644,4614,6524.3%-16.4%
Other incomeRs m927757516-31.8%-44.3%
TurnoverRs m6,4905,2185,168-0.9%-20.4%
ExpensesRs m5,0412,6484,50470.1%-10.7%
Gross profitRs m5233,279148-95.5%-71.7%
DepreciationRs m2031701731.5%-14.8%
InterestRs m433498483-3.0%11.5%
Profit before taxRs m8143,3699-99.7%-98.9%
TaxRs m139779-527-167.7%-480.1%
Profit after taxRs m6752,589536-79.3%-20.6%
Gross profit margin%9.473.53.2
Effective tax rate%17.023.1-6,059.8
Net profit margin%10.449.610.4
* 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 16.4% on a year-on-year (YoY) basis. The expenses were down by 10.7% YoY during the same period.
  • The company's operating profit declined by 71.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.2% in 3QFY19 as against 9.4% in 3QFY18.
  • Depreciation charges declined by 14.8% and finance costs increased by 11.5% YoY, respectively.
  • Other income declined by 44.3% YoY during the quarter.
  • Net profit for the quarter declined by 20.6% YoY. Net profit margins during the quarter declined from 10.4% in 3QFY18 to 10.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 70.1% QoQ during the same period.
  • The company's operating profit declined by 95.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.2% in 3QFY19 as against 73.5% in 2QFY18.
  • Net profit for the quarter declined by 79.3% QoQ, while net profit margins declined from 49.6% in 2QFY18 to 10.4% in 3QFY19.

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 169.3 to Rs 85.7, registering a Loss of Rs 83.6 or around 49.4%.

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 85.7, the price to earnings (P/E) ratio of MCLEOD RUSSEL stands at 5.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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MCLEOD RUSSEL 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

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

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

Nov 19, 2018 | Updated on Nov 19, 2018

For the quarter ended September 2018, MCLEOD RUSSEL has posted a net profit of Rs 3 bn (up 80.4% YoY). Sales on the other hand came in at Rs 4 bn (down 4.8% YoY). Read on for a complete analysis of MCLEOD RUSSEL's quarterly results.

MCLEOD RUSSEL Announces Quarterly Results (1QFY19); Net Profit Down 191.0% (Quarterly Result Update)

Aug 13, 2018 | Updated on Aug 13, 2018

For the quarter ended June 2018, MCLEOD RUSSEL has posted a net profit of Rs 15 m (down 191.0% YoY). Sales on the other hand came in at Rs 2 bn (up 15.3% YoY). Read on for a complete analysis of MCLEOD RUSSEL's quarterly results.

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